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

Terra

2022 was quite a nightmare for the crypto industry. Its market capitalization shrank by almost 60% over the year, going from $2.2 trillion to $797 billion. The two leading coins by market cap – Bitcoin (BTC) and Ether (ETH) – also went down by 64% and 67%, respectively. Terra (LUNA) crashed in May.

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Based on the precedent set by many crypto projects, including this week's example with Arbitrum's airdrop of its ARB token, the speculation over a possible zkSync airdrop isn't totally unfounded.

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Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $27,800 level on Friday. Ethereum (CRYPTO: ETH) also moved higher, trading above the $1,700 mark this morning.

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After launching ZkSync Era for developers-only last month, the project took the additional step Friday of opening it to general users. The latest push comes just days ahead of Polygon's planned rollout on Monday of its own “zero knowledge Ethereum Virtual Machine.

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Ethereum fell from a 7-month high March 24, as traders reacted to further uncertainty within the European banking sector. Shares in Deutsche Bank fell by as much as 13% in today's session, following a spike in the cost of credit default swaps. Bitcoin briefly moved above $28,000 on the news.

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Matter Labs opened its Ethereum Layer 2 network zkSync Era in alpha form to the wider public, becoming the first zkEVM to go live.

ZkSync Era: First zkEVM goes live in major development for Ethereum

After four years of building and multiple milestones, zkSync is finally launching its Ethereum scaling solution to the public.

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Shiba Inu

Top Ethereum (ETH) whale addresses are now holding more than $600,000,000 worth of meme token Shiba Inu (SHIB), according to on-chain data. The crypto whale-watching site WhaleStats finds that the top 2,000 largest ETH holders have accumulated about 56 trillion SHIB. The Dogecoin (DOGE) rival is trading for $0.00001083 at time of writing.

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The Ethereum Foundation has increased the maximum bug bounty to $500,000 for identifying vulnerabilities in the upcoming Ethereum upgrade known as Shapella.

Ethereum Foundation doubles bug bounty to half a million dollars as Shapella upgrade nears

Arbitrum

Transactions on Arbitrum (ARB) are surging to record numbers as the layer-2 scaling solution airdrops 12.75% of its token supply. The Arbitrum Foundation is distributing the tokens to eligible users as its aims to make the ecosystem more decentralized than other Ethereum (ETH) scaling chains. “Only use the http://arbitrum.foundation website to claim your ARB.

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Ethereum (ETH) is currently trading in the positive trend zone and bouncing above the $1,800 support.

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Yields on liquidity pools are paying out as much as 800% annualized as users rush to claim ARB tokens.

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Dogecoin

Major coins were seen in the green on Thursday evening as the global cryptocurrency market cap rose 3.2% to $1.2 trillion at the time of writing.

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Bitcoin jumped above $28,800 earlier Thursday before retreating. Ether rose above $1,850, its highest level since August.

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Ethereum data service provider DRPC launched a decentralized RPC network for crypto apps as an alternative to centralized providers.

DRPC launches decentralized RPC network for Ethereum apps

DRPC developers say Ethereum remains dependent on a few major centralized RPC players, which undermines ecosystem sustainability and security.

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Bitcoin moved below $28,000 on Thursday, as markets reacted to the latest Federal Reserve interest rate hike. The Fed opted to increase rates by 25 basis points (bps) as many had anticipated, and signal one more hike this year. Ethereum was also lower on the news, falling below $1,800.

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Alongside transaction activity, DeFi liquidity has soared since Arbitrum announced the launch of its native ARB token.

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The network's early success was a double-edged sword as the large number of transactions resulted in network congestion and rising transaction fees, the report said.

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Major coins traded in the red on Wednesday evening as the Federal Open Market Committee (FOMC) delivered on its widely expected announcement to raise interest rates by a quarter point.  Cryptocurrency Gains (+/-) Price (Recorded 9:30 p.m.

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The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours.

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The U.S. central bank is balancing its fight against rising inflation with the recent turmoil in the banking sector.

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Crypto wallets are criticized for their clunky UX, but that may soon change thanks to a few crypto projects—and the world's largest payment network.

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Bitcoin moved closer to a fresh nine-month high on Wednesday, as markets prepared for today's Federal Reserve interest rate decision. The Fed is expected to hike rates by 0.25%, despite inflation falling last month to 6%. Ethereum briefly rose above $1,800 in today's session.

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Cryptocurrency strategist Benjamin Cowen is expressing bearish sentiment on Ethereum (ETH) amid failed efforts by the second-largest digital asset to climb back above a key resistance level.

News for Ethereum Crypto (ETH)