Ethereum

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games. Ether is the native token for the Ethereum ecosystem.

The Ethereum blockchain is preparing a significant upgrade, called the Ethereum Merge, tentatively scheduled for Sept. 13-16, 2022.

The Merge reflects a shift in Ethereum’s protocol in which the blockchain will move from a “proof-of-work” to “proof-of-stake” system.

Miners validate transactions by solving complex calculations before a new block can be added to the chain. This is the mechanism that Bitcoin ($BTC) runs on.

Miners are replaced by “validators,” who stake the ETH they own to validate new blocks on the chain. Avalanche ($AVAX) and Solana ($SOL) are proof-of-stake.

The Ethereum Foundation reports that moving to a proof-of-stake model will reduce the blockchain’s energy consumption by more than 99%.

Ether ($ETH) is Ethereum’s native crypto asset, while Ethereum is the underlying blockchain. No disruptions to ETH are expected following the Merge.

Unlike Bitcoin, the founder of Ethereum is publicly known. Vitalik Buterin published Ethereum’s introductory paper in 2013 and launched the project in 2015.

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games.

The Ethereum Foundation

*This content is for educational purposes and is not investment advice.

Bitcoin

Investors in Europe can soon take a gamble on 3x leveraged Bitcoin and Ethereum ETFs thanks to LeverageShares.

Europe Will Get Risky 3x Leveraged Bitcoin, Ethereum ETFs as Crypto Markets Melt Down

Dogecoin

Bitcoin clawed back some of its steep weekly losses, reclaiming the $84,000 level despite elevated liquidations and a market still gripped by extreme fear.

Bitcoin, Ethereum, XRP, Dogecoin Trim Losses Ahead As 'Extreme Fear' Continues

BitMine Immersion Inc. (NASDAQ:BMNR) is staring at a $4.21 billion Ethereum (CRYPTO: ETH) portfolio loss — a blow so large that BMNR has crashed back into its last major support zone. Bitmine's ETH Holdings Sink As Portfolio Value Drops $4.21B Dropstab data shows that Bitmine invested about $14.01 billion into its ETH Strategy Portfolio, accumulating 3.51 million ETH at an average cost of $3,997 per token.

Tom Lee's BitMine Is Down $4.2 Billion On Its ETH — And BMNR Down 85% From Its Peak

ETH is trading around $2,730 on Friday, indicating BitMine's multiple to Net Asset Value has fallen below 1.0x.

Tom Lee's BitMine to begin offering annual dividend as ETH treasury mNAV dips

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Crypto selloff deepens, JPMorgan blames retail BTC and ETH ETF outflows, 24-hour liquidations top $2 billion, and more

BitMine Immersion (BMNR), the largest Ethereum-focused digital asset treasury (DAT) firm and helmed by Wall Street veteran Thomas Lee, is sitting on steep unrealized losses on its big bet on ether ETH$2,720.57.

BitMine Immersion Sitting on $4B Unrealized Loss on Ether Bet as Analyst Warns of Structural issues

The company is valued at a discount to its Ethereum holdings

BitMine Shares Tumble After Earnings as Ethereum Price Falls, Treasury Hype Fades

The launch lands amid steep drawdowns in bitcoin and ether, adding risk around timing for highly leveraged ETPs.

LeverageShares to debut first 3x bitcoin and ether ETFs in Europe amid retail-led crypto selloff

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) breaking below key support levels has sparked debate over whether fundamentals are to blame — but Fundstrat's Tom Lee argues the real culprit is far more mechanical. What Happened: In an interview with CNBC on Thursday, Lee said crypto has been bleeding ever since a massive Oct. 10 liquidation event crippled major market makers and left liquidity dangerously thin.

Tom Lee Says Bitcoin, Ethereum Crash Wasn't Macro But A 'Software Bug'

Bitcoin has plunged around 10% to $82,000 over the past 24 hours, pushing liquidations to around $2 billion. Spot ETFs saw heavy outflows on Thursday, with $903.1 million exiting Bitcoin funds and another $261.6 million flowing out of Ethereum products.

Bitcoin Craters 10% To $82,000 As $2B Liquidations Hit Ethereum, XRP, Dogecoin

Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies.

Crypto Markets Today: Bitcoin, Ether Slide as Liquidity Crisis Fuels Heavy Sell-Off

Leading cryptocurrencies fell further alongside stocks on Thursday, as stronger jobs data cast doubt on whether the Federal Reserve will deliver another rate cut in December. Cryptocurrency Gains +/- Price (Recorded at 8:25 p.m.

Bitcoin Trades Below $90,000 As Fed Rate Cut Hopes Fade; Ethereum, XRP, Dogecoin Struggle: Analyst Forecasts 'Healthy Recalibration' Next

Retail investors have sold about $4 billion of spot BTC and ETH ETFs in November — the main driver of the latest crypto market correction.

JPMorgan says crypto market correction appears driven by retail selling of bitcoin and ether ETFs

Shares in publicly traded Ethereum treasury firm FG Nexus fell further after the firm parted with some of its ETH.

FG Nexus Is the Latest Ethereum Treasury Firm to Sell ETH as Its Stock Craters

Bitcoin continued its decline on Thursday, breaking key support levels as sentiment continues to deteriorate amid a broader market sell-off. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $86,585 Ethereum (CRYPTO: ETH) $2,833 Solana (CRYPTO: SOL) $133.31 XRP (CRYPTO: XRP) $2 Dogecoin (CRYPTO: DOGE) $0.1411 Shiba Inu (CRYPTO: SHIB) $0.058164 Notable Statistics: Coinglass data shows 215,171 traders were liquidated in the past 24 hours for $827.79 million.

Bitcoin Drops To $87,000, Ethereum Loses $3,000, XRP Hangs On To $2 As Sell-Off Continues

Ethereum's (CRYPTO: ETH) decisive break below the critical $3,000 level has reignited a months-long debate: was the prior bullish thesis driven by real fundamentals—or by a deep misunderstanding of how Ethereum works? What Happened: Prominent trader Andrew Kang publicly shredded Tom Lee's bullish ETH thesis, calling it "deeply flawed" and "financially illiterate" in September as ETH was 10% off its all-time high.

Ethereum Is Down 32% Since Trader Slammed Tom Lee's Bull Thesis As 'Financially Illiterate'

Bitcoin is being battered again Thursday, falling below the $87,000 mark for the first time in seven months as liquidations top $900 million.

Bitcoin, Ethereum and XRP Dive as Rate Cut Hopes Fade, Liquidations Near $1 Billion

FG Nexus sold 10,922 ethereum ( ETH) in October to accelerate its ongoing share repurchase program, the company said in a shareholder update. The news arrives on the heels of other digital asset treasury (DAT) firms pulling the same move, as ETHzilla, Lite Strategy, and Sequans have trimmed crypto positions on their balance sheets.

10,922 ETH Sold: FG Nexus Adds Its Name to the DATs Selling Digital Assets

Fidelity Digital Assets said the Ethereum blockchain's Fusaka upgrade marks a decisive shift toward a more strategically aligned and economically coherent roadmap.

Ethereum's Fusaka Upgrade Signals New Era for Value Accrual: Fidelity Digital Assets

Blackrock has formed a new Delaware statutory trust for a staking-enabled ethereum product, signaling its next move in expanding institutional access to ethereum ( ETH).

Blackrock Opens Door to Staked Ethereum ETF With Fresh Trust Filing

In August, FG Nexus filed paperwork with the SEC so it could potentially raise as much as $5 billion to buy Ethereum.

Ethereum treasury FG Nexus, once eager to raise up to $5 billion, sells over 10,000 ETH to fund share buybacks

The next stage of the continuing difficulties for digital asset treasury company (DAT) is fully upon markets as firms — many of whom after stock declines of 50%-98% are trading at levels far below the value of the crypto on their balance sheet — sell said crypto to fund share buybacks.

Ether Treasury Firm FG Nexus Unloads Nearly 11K ETH to Fund Share Buyback

The Ethereum Interoperability Layer will let any Ethereum L2 talk to any other L2, resolving one of its main user experience issues.

Morning Minute: Ethereum Rolls Out 'Interop Layer' for Single Unified Chain Vision

Ethereum (CRYPTO: ETH) has climbed back above $3,000, but a new product in the pipeline from BlackRock is raising fresh concerns over Ethereum's long-term direction. What Happened: Bloomberg's Eric Balchunas on Wednesday pointed out that BlackRock has registered a new staked Ethereum ETF in Delaware, signaling plans to expand beyond its blockbuster iShares Ethereum Trust (NASDAQ:ETHA), a fund that has already attracted $13.1 billion since launching in July 2024.

BlackRock Preps Staked Ethereum ETF Launch—But Vitalik Buterin Warns Against 'Wall Street Capture'

Bitcoin climbed back to the $91,000 level on Thursday morning, with $605.9 million in liquidations impacting 170,298 traders over the past 24 hours. Spot ETF flows were mixed on Wednesday, with $75.5 million net inflows into BTC ETFs, while Ethereum products saw $37.4 million in net outflows.

News for Ethereum Crypto (ETH)