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.

Once the largest Ethereum NFT marketplace around, Blur said this week that it will shut off its frontend in November, concluding its run as recent trading volume sat at a fraction of its previous peaks. Blur's Impending Demise Follows Domination Blur's “frontend will be deprecated on Nov.

Ethereum NFT Marketplace Blur to Shutter After Trading Volume Vanishes

Interactive Brokers (IBKR) launched Ethereum staking through Zero Hash, adding to a crypto lineup it says costs up to 85% less than rivals.

Interactive Brokers Launches Ethereum Staking for Clients

On Tuesday, Interactive Brokers (IBKR), the brokerage giant overseeing $964.7 billion in total client equity, announced the introduction of cryptocurrency staking services powered by Zerohash. Initially, eligible customers can stake ether (ETH) directly through IBKR's Client Portal.

Interactive Brokers Rolls out Ether Staking With Zerohash

Ethereum (CRYPTO: ETH) is attracting major whale bets, while network activity remains resilient amid weakening prices. Blockchain analytics platform Lookonchain identified a mysterious whale, who reportedly profited from nearly all 15 trades executed over the past four months.

Ethereum Whales Go Long, Network Activity Grows: Why Isn't ETH Going Up?

Interactive Brokers (NASDAQ:IBKR) has launched cryptocurrency staking for eligible clients, allowing investors to earn rewards on Ethereum (CRYPTO: ETH) while managing digital assets alongside traditional investments. How Will Crypto Services Expand IBKR on Tuesday announced that clients can now stake Ethereum through its Client Portal, with staking services provided by zerohash.

Interactive Brokers Launches Ethereum Staking for Crypto Investors

Interactive Brokers now lets eligible clients stake ETH through its Client Portal, with zerohash providing the service.

Interactive Brokers expands crypto services with Ethereum staking via Zerohash

Bitcoin

Solana

Bitcoin (CRYPTO: BTC) continues to outperform altcoins like Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP), which have dropped between 2% and 5% over the past 24 hours. Only 11 of 66 large-cap altcoins finished last week higher, while Bitcoin dominance climbed toward 59.5%.

Bitcoin Back to $83,000 but Why Are Ethereum, Solana, XRP Weak?

U.S. crypto ETFs opened the week under renewed pressure, with bitcoin funds losing $65.40 million and ether ETFs extending their outflow streak to 10 consecutive sessions.

Blackrock Drives $150M Bitcoin, Ether ETF Selling

Bitcoin climbed back above $83,000 Tuesday, recovering from an overnight dip below $81,000 as broader risk assets wobbled heading into Thursday's U.S. inflation report.

Bitcoin Bounces Above $83,000, XRP, ETH Claw Back Overnight Losses

A wallet holding 4,582 BTC ($377.6 million) moved its entire balance on Monday, the same day a second whale sold 837.8 BTC at a loss to buy 27,500 ether. Whale No. 1: What Woke Up? Onchain tracker Lookonchain reported that another Bitcoin OG had woken up, transferring out all of their 4,582 BTC ($377.58M).

A $377M Bitcoin Whale Wakes up While Another Dumps BTC for Ether

Investors are positioning ahead of today's bank earnings reports and Wednesday's U.S. inflation data.

Bitcoin, ether slip and rebound as South Korean stocks slide on AI-related concerns

Russia's largest exchange is preparing to open cryptocurrency trading in December, moving closer to integrating digital assets into the country's established financial-market infrastructure. Regulated Crypto Trading in Russia The Moscow Exchange, or MOEX, has begun testing cryptocurrency-trading operations with professional market participants, Russian news agency Interfax reported on Thursday, citing senior executives from the trading platform.

Russia's Largest Exchange Sets Date for Crypto Trading Launch as BTC, ETH and USDT Move Into Regulated Market

Blur will close its website on Nov. 12 after monthly trading fell from about $1.43 billion at its 2023 peak to under $7 million, ten days after sister project Blast announced its own shutdown.

Once-largest Ethereum NFT marketplace Blur is shutting down after volumes collapse 99%

Dogecoin

Leading cryptocurrencies plunged on Monday as geopolitical uncertainty and upcoming inflation data kept investors on edge.

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BMNR's Bitmine Immersion Technologies reported $16.2 billion in crypto, cash, and securities holdings on Oct. 12, with its Ethereum now at 4.9% of supply.

Bitmine Holdings Hit $16.2B as ETH Stack Reaches 6.03M Tokens

Bitcoin fell back below $83,000 on Monday amid elevated Treasury yields, a stronger dollar and uncertainty ahead of the U.S. midterm elections.

Bitcoin Drops Below $83,000, Ethereum Down 1%, XRP, Dogecoin Plunge 3%

Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) could face another correction, with significant downside liquidity acting as potential target, according to a prominent trader. Why Will Ethereum Drop?

Ethereum, XRP Could Drop Another 10% Before Real Relief, Trader Warns

The Bitmine chairman said he expects younger investors to drive demand for digital assets as his ether treasury company inches closer to owning 5% of the total supply.

Tom Lee sees $2 trillion wealth transfer fueling crypto demand as Bitmine buys more ether

Bitmine Immersion Technologies (NYSE:BMNR) bought 12,532 more Ethereum (CRYPTO: ETH) last week, inching closer to Chairman Tom Lee‘s 5% supply cap that will trigger a full stop on purchases. Holdings Near the Finish Line Bitmine announced Monday that its crypto holdings, cash and marketable securities now total $16.2 billion.

Bitmine Buys 12,532 More ETH as Tom Lee's Buying ‘Stop' Draws Closer

Bitmine Immersion Technologies is closing in on a staggering prize: ownership of 5% of Ethereum's entire ether supply. The company disclosed on Monday that its treasury now holds 6.03 million ETH, representing 4.9% of all tokens in circulation. With $16.

Bitmine Surpasses 6M ETH, Closing In on 5% of Ethereum Supply

U.S. crypto ETF demand reversed sharply in the week through Oct. 9, with bitcoin and ether funds losing more than $1.2 billion combined. Solana also snapped a 14-week inflow streak, while XRP and NEAR emerged as rare pockets of demand.

Bitcoin, Ether ETFs Lose $1.2 Billion as Institutional Demand Cracks

Bitmine (BMNR) added 12,532 ETH last week, lifting its Ethereum treasury to 6.03 million tokens, or 4.9% of supply, with 84% staked.

Bitmine adds 12,532 ETH as Tom Lee flags potential ‘largest-ever' crypto bull market

The Ethereum treasury firm now holds 6.03 million ETH, 4.9% of supply, as Lee predicts the biggest crypto bull market yet.

Bitmine Adds $32M in Ethereum as Tom Lee Says Firm Is Nearly 'Done Stacking'

Your look at what's coming in the week starting Oct. 12.

U.S. inflation, Ethereum upgrade talks: Crypto Week Ahead

Starknet's (CRYPTO: STRK) native token led weekly cryptocurrency gains as the network weighs a shift from an Ethereum (CRYPTO: ETH) Layer 2 to a standalone Layer 1 blockchain. The L2 to L1 Buzz STRK rallied 82% to emerge as the week's top-performing cryptocurrency, leaving heavyweights such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in the dust.

News for Ethereum Crypto (ETH)