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.

A wallet linked to venture capital giant Andreessen Horowitz (a16z) withdrew 25,560 ether (ETH), worth about $42.62 million, from Binance, a move that landed as ether trades at $1,672. Tracking the Withdrawal The transfer flagged by onchain tracker Lookonchain, said a wallet linked to a16z pulled 25,560 ETH, valued at roughly $42.

A16z-Linked Wallet Pulls 25,560 ETH Worth $42.6 Million Off Binance, Onchain Data Shows

Bitcoin

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Ethlabs, a new independent nonprofit research lab founded by former Ethereum Foundation researchers, has launched to strengthen Ethereum's core infrastructure. The group is backed by major ecosystem participants, including Bitmine, Sharplink, Joe Lubin, Anchorage, Octant, and SNZ.

Bitmine and Sharplink Fund Ethlabs to Scale Ethereum for AI and Institutions

Ethereum's first-quarter data showed a clear split: user activity reached record highs while fees and market value fell. The report points to a network scaling aggressively as tokenized assets, stablecoins, and institutional finance continue to build on its base layer.

Ethereum Users Jump 86% as Tokenized Assets Reach $203 Billion

The non-profit is cutting 54 jobs as it reorganizes into focused "clusters," following a succession of leadership departures.

Ethereum Foundation Cuts 20% of Workforce in 'Leaner' Reorganization

The reduction comes on the same day the EF confirmed a 20% reduction in headcount and follows the resignation of co-Executive Director Hsiao-Wei Wang. Her departure brings the total number of senior Ethereum Foundation figures to leave since January to nine, underscoring the scale of the organization's ongoing turmoil.

Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset

The Ethereum Foundation (EF) announced Tuesday it is cutting 54 employees, roughly 20% of its workforce, as part of a months-long reorganization designed to sharpen its focus on what it calls the critical work only the EF can do.

Ethereum Foundation Restructures With 5 Clusters After Cutting 20% of Workforce

Ethereum Foundation cut 20% of its workforce, reorganizing into five clusters as part of a long-simmering reorganization.

Ethereum Foundation cuts 20% of its workforce as new 5-cluster structure takes shape

The reduction follows a period of significant upheaval at the organization's leadership level.

Ethereum Foundation cuts 20% of staff amid leadership exodus

Some of Ethereum's largest holders are coming together to fund a new research and development lab aimed at boosting the network and ETH.

BitMine, Sharplink, Joe Lubin Back New Ethereum Research and Development Lab

Ethlabs, backed by Joe Lubin and the two largest ETH DATs, Bitmine and SharpLink, will focus on institutional adoption.

Bitmine, SharpLink and Joe Lubin back Ethlabs nonprofit to advance Ethereum's ‘next phase' of growth

Ethlabs was formed with support from SharpLink, Bitmine and Consensys CEO Joe Lubin as the network's development is expanding beyond the Ethereum Foundation.

Ether's biggest corporate holders back new Ethereum research hub

The well-known trading bot took a hit this weekend after it fell victim to a series of transactions that left its logic exposed.

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The Ethereum community is once again debating the future of the foundation after co-executive director Hsiao-Wei Wang announced she would step down.

Ethereum Foundation talent exodus sparks fresh debate over leadership

Researchers estimate more than $1.7 million was stolen after attackers allegedly exploited Taiko's proof verification process.

Ethereum Layer-2 Taiko Warns Users to Withdraw Bridge Funds After Security Breach

The leading Ethereum treasury firm inched closer to its goal of accumulating 5% of the ETH circulating supply.

Tom Lee's BitMine Adds $92 Million in Ethereum, Hits 4.7% of Total Supply

Bitmine added 52,203 ETH, lifting holdings to 5.67 million ETH as Tom Lee reiterated long-term crypto optimism outlook.

Tom Lee says ‘best years for crypto remain ahead' as Bitmine buys another 52,203 ETH

The largest Ethereum treasury firm slowed its buying pace but remains on track to reach its goal of owning 5% of ETH supply.

Bitmine added $92 million of ETH, with Tom Lee continuing to believe in 'crypto spring'

Solana

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A freshly created wallet deposited 6.68 million USDC into Hyperliquid and opened 20x leveraged short positions against bitcoin, solana and ether worth a combined $48 million. Anatomy of the Bet Onchain analytics firm Lookonchain reported that the wallet, labeled 0xaeaa, moved 6.68 million USDC onto Hyperliquid before opening the shorts.

A Whale Just Opened $48 Million in Shorts Against Bitcoin, Solana and Ethereum

A post on the Ethereum Research forum proposes letting validators vote to redirect up to 10% of staking rewards to fund public goods.

Ethereum ‘tax' debate erupts over proposal to redirect portion of staking rewards to ecosystem funding

An attacker forged withdrawal proofs to drain about $1.7 million, the same flaw class behind this year's biggest bridge hacks. Fast containment kept the damage small.

Taiko halts its Ethereum layer 2 network after a bridge exploit, token dives 10%

A new governance proposal would let validators redirect part of their staking income toward ecosystem funding, raising questions about coordination, incentives and who gets to decide where the money goes.

Ethereum validators asked to fund projects with up to 10% of staking rewards under new proposal

Onchain security firm Blockaid said the root cause of the exploit could be a flaw in Taiko bridge's source-signal proof validation.

Ethereum Layer 2 Taiko halts block production following exploit; urges users to withdraw funds

A proposal that seeks to implement a semi-voluntary redirect rate to subsidize the creation and operation of shared infrastructure by validators. If the majority of validators agree, the rate becomes mandatory for all, and they can choose which organization gets part or all of these funds.

News for Ethereum Crypto (ETH)