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.

Shares of 180 Life Sciences Corp. (NASDAQ:ATNF) soared 54% in Monday's after-hours trading after the biotechnology company completed a $156 million private offering to boost its Ethereum (CRYPTO: ETH) reserves. ATNF shares are exploding to the upside.

180 Life Sciences Skyrockets 54% In After-Hours Trading After Raising $156 Million To Buy Ethereum

Bitcoin

Crypto markets extended gains into Tuesday's U.S. inflation print, with bitcoin (BTC) holding above $118,000 after a 2.2% daily rise and ether (ETH) steady at $4,300, capping a 17.2% weekly surge that has it closing in on its $4,800 record.

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Analysts told The Block that investors now recognize Ethereum's value as a cornerstone of mainstream crypto adoption.

Spot Ethereum ETFs top $1 billion in daily net inflows for the first time

Ethereum (CRYPTO: ETH) flipped elder sibling Bitcoin (CRYPTO: BTC) in year-to-date gains Monday, as institutional interest fuels a sharp spike in the second-largest cryptocurrency. ETH On A Tear As of this writing.

Ethereum Flips Bitcoin In Year-To-Date Gains: What's Fueling The Second-Largest Crypto's Rise?

Ether prices reached their highest price since late 2021 on Monday, August 11, as the digital currency benefited from a combination of factors.

Ether Surpasses $4,300 As ‘Confluence' Of Factors Extends Recent Gains

The Argentinian developer said he was detained due to his alleged connection with a privacy protocol, which he did not name.

Ethereum developer ‘Fede's intern' freed from Turkey, pledges $500,000 to Roman Storm's defense

A prominent bitcoin advocate and JAN3's CEO, Samson Mow, alleged a cyclical trading pattern fueling recent ETH- BTC price shifts. He claimed that early ethereum investors—many holding substantial bitcoin reserves—are rotating BTC into ETH to boost its value with hype-driven narratives, such as “Ethereum Treasury” campaigns.

‘No One Wants ETH in the Long Run'—Samson Mow Warns of BTC-Driven Pump and Dump

Dogecoin

Leading cryptocurrencies slid on Monday as investors braced for a rise in consumer inflation. Cryptocurrency Gains +/- Price (Recorded at 9:15 p.m.

Bitcoin Dips Ahead Of CPI Release; Ethereum, Dogecoin Also Slide: Analyst Calls ETH The 'Fastest Horse To Bet On,' Eyes $10,000 Target

Open interest in CME ETH futures also experienced a 75% increase, from $2.97 billion in June to a record $5.21 billion in July.

CME Ethereum futures volume hits record $118 billion in July amid renewed market frenzy

SharpLink Gaming says it plans to boost its Ethereum treasury above $3 billion with the proceeds of its latest stock sale.

SharpLink Stock Rises, Then Falls Following $400M Deal to Boost Ethereum Treasury

Bitmine now holds the world's largest ethereum treasury, valued at over $4.96 billion. The company's holdings total 1,150,263 ETH tokens as of August 10, based on a price of $4,311 per token. Bitmine Boasts World's Biggest ETH Stash Held by a Public Company This valuation marks a significant $2 billion increase from the $2.

Bitmine Secures Largest Global ETH Treasury With $4.96B Holdings

Solana

Crypto whales can now use their holdings to buy trips to space, with Blue Origin teaming with Shift4 to accept Bitcoin and more.

Jeff Bezos' Blue Origin Now Accepts Bitcoin, Ethereum and Solana for Spaceflights

Bitcoin exchange-traded funds (ETFs) snapped early-week losses to close with a $247 million net inflow, while ether ETFs notched $327 million in gains, with both markets seeing strong institutional participation.

ETF Recap: Bitcoin and Ether Funds Rebound With Big Weekly Gains

Bitcoin and Ether exchange-traded funds (ETFs) closed last week in roaring form, attracting a combined $865 million in fresh capital. Bitcoin notched its third consecutive inflow day, while ether extended its winning streak to four.

ETF Rally Gains Steam With $865 Million Inflow Surge for Bitcoin and Ether

Cryptocurrencies are up on Monday, despite Bitcoin retracing a spike above $122,000 back to $120,000.

Bitcoin Stalls Below $120,000 With 'Quite Ugly Daily Candle' As Ethereum Rises, XRP Flat

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

The Daily: Strategy nears 3% of bitcoin's total supply on fifth anniversary of first buy, BitMine's ETH stack pushes toward $5B, and more

Ethereum's transaction volume has been overall on an upward trajectory, closing in its all time high of 1.9 million transactions in a single day in January 2024.

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The price of Ethereum's native asset ether recently eclipsed $4,000 level for the first time in eight months.

Ethereum overtakes Bitcoin in year-to-date price gains amid institutional demand surge

FG Nexus, the digital assets arm of Fundamental Global Inc., has acquired 47,331 ETH worth roughly $200 million at $4,228.40 per token as part of an aggressive strategy to become one of the world's largest corporate holders of ether.

FG Nexus Buys $200M in Ether in Bid for 10% Network Stake

Sharplink Gaming, Inc. (Nasdaq: SBET) expects its ethereum ( ETH) holdings to exceed $3 billion in value following a $400 million registered direct offering with institutional investors. Sharplink Inks $400M Institutional Deal The Minneapolis-based company disclosed that it entered purchase agreements with five global institutional investors, including some of the world's largest.

Sharplink's ETH Treasury to Surpass $3B After $400M Deal

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are entering a pivotal phase in the current bull cycle, according to crypto analyst Benjamin Cowen. What Happened: Ethereum's push above $4,000 marks the completion of what Cowen called its "going home" phase in a podcast on Aug. 10 — a recurring cycle pattern where Ethereum bottoms against Bitcoin for the third time, as seen in 2016 and 2019.

Bitcoin, Ethereum Entering Pivotal Bull Market Phase—Here's What It Means

Ethereum co-founder Vitalik Buterin is a billionaire, following ETH's 20% weekly rise which saw it pass several traditional companies.

Vitalik Buterin Is a Billionaire Again as ETH Flips Palantir

The BitMEX co-founder and other major holders have scooped hundreds of millions in ETH and DeFi tokens in recent days.

Arthur Hayes Joins Wave of Whale Buys as Ethereum Briefly Tops $4,300

Many large investors see Ethereum as more than just a higher-risk trade, viewing it as "the backbone for DeFi, tokenized assets, and staking," Decrypt was told.

Bitcoin ETFs Bounce Back—But Ethereum Funds Are on Top

The firm now owns 1% of Ethereum's circulating supply.

News for Ethereum Crypto (ETH)