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.

In this week's edition of The Protocol Newsletter, we're digging into Ethereum Institutional, a new nonprofit aimed at educating financial institutions and banks about Ethereum.

Ethereum's newest nonprofit wants to become Wall Street's guide to crypto

Bitcoin

Solana

These options settle into underlying futures contracts rather than spot cryptoassets, involving no custody, transfer, or administration of tokens.

Latin America's biggest stock exchange now offers options on bitcoin, ether and solana futures

Crypto ETF flows split sharply on Wed., July 8, as bitcoin ETFs returned to outflows with an $84.9 million exit. Ether ETFs remained the clear bright spot, drawing $70.5 million for a fifth straight day of inflows, while HYPE stayed positive and both solana and XRP funds moved lower. Grayscale's GBTC Leads $84.

Fidelity's FETH Drives $70.5 Million Ether ETF Inflow as Bitcoin Turns Negative

U.S. spot bitcoin ETFs lost a net $84 million on Wednesday, ending a three-day inflow run that had pulled in roughly $509 million

Live markets: Bitcoin ETFs slip back to outflows while ether funds extend their streak

Oil climbed for a third day and gold fell for a fourth while bitcoin is up 1.6% on the week.

Bitcoin, ether steady, gold slides as US-Iran tensions escalate again

Dogecoin

Leading cryptocurrencies fell alongside stocks on Wednesday as the U.S. strikes against Iran threaten peace negotiations. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:20 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Slide as Trump Warns Iran Strikes Could Get 'Much Worse': Analyst Flags Major 'Wall' BTC Bulls Must Break

Bitcoin is looking slightly more optimistic but failed the breakout everyone was watching. Meanwhile, ETH just printed a weekly death cross for the first time in years.

Bitcoin Stalls as Ethereum Flashes Worst Weekly Signal in Years: Analysis

Bitcoin gave up its gains from the previous two sessions as escalating geopolitical tensions between the U.S. and Iran sparked a broader risk-off move across cryptocurrency markets.

Bitcoin, Ethereum, XRP, Dogecoin Retreat up to 6% on Escalating US-Iran Tensions

Bitmine's most recent disclosure shows that it holds 5.74 million ETH, roughly 4.8% of Ethereum's circulating supply.

Tom Lee's Bitmine adds $70 million worth of ETH to treasury: onchain analyst

Leading cryptocurrencies and stocks fell on Tuesday after U.S. strikes on Iran and the revocation of the oil sanctions waiver rattled investors. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:15 p.m.

Bitcoin Flat, Ethereum, XRP, Dogecoin Dip as US Strikes Iran: Analyst Spots Dollar-Cost Averaging 'Opportunity' in BTC

Bitcoin touched $64,000 on Tuesday, supported by robust spot ETF inflows, sustained institutional demand and improving market sentiment.

Bitcoin Touches $64,000 as Ethereum, XRP, Dogecoin Extend Rally With 1% Gain

Crypto ETF flows opened the new week on a stronger footing, with bitcoin ETFs adding $265.69 million and ether ETFs bringing in $20.66 million. HYPE and solana products also attracted fresh capital, while XRP ETFs saw no trading activity.

Bitcoin and Ether ETFs Attract $286 Million as Blackrock Funds Spark Broad Recovery

Spot bitcoin ETFs still lost a net $526.6 million over the shortened holiday week, an eighth straight week of negative flows.

Live markets: Bitcoin and ether ETFs drew inflows on Monday

Ethereum co-founder Vitalik Buterin has published a “Lean Ethereum” roadmap that would replace nearly every major component of the protocol over the next three to four years, describing the effort as the network's biggest transformation since the Merge.

‘Privacy Is No Longer an Afterthought': Vitalik Buterin Unveils 3-4 Year Plan to Rebuild Ethereum

Buterin outlined a two-step plan to shift Ethereum's state management to validators and replace per-epoch balance updates with ZK proofs.

Vitalik Buterin proposes ‘Extremely Lean' Ethereum, shrinking the chain to near-zero state with ZK proofs

Institutional crypto investors received two sharply different capital allocation signals Monday as Bitmine Immersion Technologies expanded its ethereum treasury while Strategy disclosed a rare bitcoin sale to fund preferred stock dividend payments.

42,197 ETH Acquired as Bitmine Builds $11.1B Crypto Treasury While Strategy Sells

The "Lean Ethereum" strawmap, updated earlier this week, has gained support from many of the network's researchers, though several say the biggest challenge won't be deciding what to build, but how quickly it can happen.

Ethereum developers embrace Vitalik Buterin's long-term vision but urge quicker execution

BitMine continued its relentless accumulation of Ethereum while Bitcoin's biggest treasury firm parted ways with more of its holdings.

Tom Lee's BitMine Adds $73 Million in Ethereum While Strategy Dumps Bitcoin

Bitmine acquired 42,197 ether worth an estimated $74 million last week, lifting its treasury to over 5.7 million ETH.

Bitmine's Tom Lee ties ether strength to Clarity Act odds as treasury nears 5% of Ethereum's total supply

The second-largest digital asset treasury increased its buying pace, while Strategy sold a chunk of its bitcoin holdings.

Bitmine added another $74 million in ether as Tom Lee bets on Clarity Act boost

Nearly every core piece of the protocol will be rebuilt over three to four years, with quantum safety and privacy moved front and center.

Ethereum 'Reinventing Itself' With Biggest Overhaul Since the Merge: Vitalik Buterin

Citi has slashed its 12-month price targets for the top two crypto assets, Bitcoin and Ethereum. The cuts reflect negative ETF flows and stalled U.S. crypto legislation, reports Reuters. Bitcoin's target dropped to $82,000 from $112,000. Ether's forecast was trimmed to $2,240 from $3,175. Bitcoin ETF flows are down about $3.

Citi Lowers Bitcoin and Ethereum Price Targets Amid Negative ETF Flows

A crypto trader swapped 1,126.44 ETH worth $2.01 million for just 5,776 LIT valued at $14,208 on Sunday, wiping out nearly $2 million in a single onchain transaction. The blunder landed as Lighter's token entered Coingecko's top trending list on the back of a 53% weekly rally.

Trader Turns $2 Million of ETH Into $14,208 as Lighter Token Rallies 53%

A revised roadmap details how the multi-year overhaul would replace nearly every major part of Ethereum's protocol, with quantum resistance and privacy moving up the priority list. It lands as ether rallies more than 12% in the past seven days.

Vitalik Buterin says Ethereum is preparing its 'biggest rebuild' since the Merge

A stalling rebound in AI and chip stocks and a stronger dollar kept the mood cautious as the second half gets underway.

News for Ethereum Crypto (ETH)