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.

BitMine Immersion Technologies Inc. (NYSE:BMNR) has fallen 81% in less than five months as its leveraged Ethereum (CRYPTO: ETH) accumulation strategy produced $3.6 billion in unrealized losses. BitMine's Treasury Strategy Delivers Heavy Losses Protos reported that BitMine now holds 3,629,701 ETH, roughly 3% of circulating supply, yet its share price has collapsed despite Ethereum rising about 10% over the same period.

BitMine Down 80% From The Top, But Tom Lee Keep Buying ETH: What Gives?

Bitcoin

Dogecoin

Bitcoin is trading around $87,000 on Tuesday morning, with liquidations topping $380.17 million over the past 24 hours. Bitcoin ETFs saw $151.08 million in net outflows on Monday, while Ethereum ETFs reported $96.7 million in net inflows.

Bitcoin, Ethereum, XRP, Dogecoin Edge 1% Higher On Tuesday

Solana

The combined spot XRP ETFs registered $164 million worth of net inflows for the day, outperforming their BTC, ETH, and SOL counterparts.

Grayscale and Franklin XRP ETFs each clock over $60 million in day-one inflows as group outshines BTC, ETH, and SOL funds

Leading cryptocurrencies rallied alongside stocks on Monday, as traders amped up bets on a Federal Reserve interest rate cut in December. Cryptocurrency Gains +/- Price (Recorded at 8:25 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Spike, But Analyst Says Crypto Downtrend Intact: BTC Could Test These Levels Before It Resumes The Upward Journey

Bitmine reported its ethereum holdings have reached 3.63 million tokens, bringing its combined crypto and cash reserves to $11.2 billion. Bitmine Details Weekly ETH Acquisition and $11.2B Balance Bitmine disclosed its ethereum position now stands at 3,629,701 tokens as of Nov. 23, lifting the company's combined crypto and cash total to $11.2 billion.

Bitmine Stacks More Ether as Holdings Rise to 3.63 Million ETH

BitMine Immersion Technologies (NYSE AMERICAN: BMNR) announced on November 24th that its holdings of Ethereum (ETH) have reached 3.63 million tokens, equivalent to 3.0% of the entire ETH network supply.

BitMine Immersion Solidifies Ethereum Dominance, Reaches 3.0% ETH Supply

Bitcoin has rebounded to $88,000 at the start of the shortened holiday week. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $88,350.69 Ethereum (CRYPTO: ETH) $2,944.84 Solana (CRYPTO: SOL) $137.22 XRP (CRYPTO: XRP) $2.21 Dogecoin (CRYPTO: DOGE) $0.1525 Shiba Inu (CRYPTO: SHIB) $0.058321 Notable Statistics: Coinglass data shows 122,579 traders were liquidated in the past 24 hours for $311.65 million.

Bitcoin Cracks $88,000, Ethereum Eyes $3,000 As XRP, Dogecoin Rally On Grayscale ETF Launch

A major security breach impacting U.S. banks has renewed debate on privacy as interest in crypto privacy tools and protocols grows.

'Privacy Is Hygiene,' Says Ethereum Creator Vitalik Buterin After Bank Data Leak

The company was valued at a discount to its Ethereum holdings.

BitMine Shares Stop Bleeding on $195 Million Ethereum Buy

BitMine Immersion Technologies Inc. (NYSE:BMNR) has added another 69,822 Ethereum (CRYPTO: ETH) to its treasury, pushing its holdings to 3.63 million as it accelerates plans for a 2026 "Made in America" validator network. BitMine's Ethereum Holdings Surge Past $10.3 Billion In a press release published on Monday, BitMine said its crypto, cash and "moonshot" assets now total $11.2 billion, driven primarily by 3.63 million Ethereum tokens worth about $10.3 billion at recent prices.

BitMine Adds 69,822 ETH As Tom Lee Maintains Ethereum 'Supercycle' Thesis

Global cryptocurrency investment products saw $1.9 billion in net outflows last week as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) funds extended a four-week losing streak. ETPs Log Four Weeks Of Redemptions The redemptions pushed the four-week total to $4.9 billion, representing 2.9% of assets under management.

Bitcoin, Ethereum ETFs Shed $1.9 Billion In Assets—And It Could Get Even Worse

BitMine Immersion Technology (BMNR), the largest Ethereum treasury company, continued increasing its ether ETH$2,806.01 holdings to now holding 3% of the second-largest cryptocurrency supply despite increasing headwinds for digital asset treasury firms amid plunging crypto prices.

BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply

The Tom Lee-backed company predicted a few weeks ago the likely downside for ETH prices would be around $2,500.

Largest Ethereum treasury BitMine invests another $200 million, addresses recent ETH price decline

It was another bruising week for bitcoin and ether ETFs, both of which posted deep outflows, while solana ETFs once again stood out as the lone winner. ETF Markets Split: Bitcoin and Ether Sink as Solana Stays Green Some weeks tell a story before the numbers even settle.

Bitcoin Bleeds, Ether Struggles, Solana Shines in Weekly ETF Flows

Bitcoin is trading around $86,000 on Monday morning, with liquidations topping $220 million over the past 24 hours. Bitcoin ETFs saw $238.5 million in net inflows on Friday, while Ethereum ETFs pulled in another $55.7 million.

Bitcoin AT $86,000, Ethereum, XRP, Dogecoin Stabilize On Monday Open

Leading cryptocurrencies rebounded alongside stocks on Sunday, as investors raised the prospect of a December rate cut following dovish signals. Cryptocurrency Gains +/- Price (Recorded at 8:25 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Rebound After Steep Sell-Off: Analyst Highlights 'Good Bounce' For BTC, Predicts Level Before A 'New Base' Is Found

Uniswap

Crypto's next era is accelerating as powerhouse networks move to radically boost value capture, igniting surging bullish sentiment across ETH, UNI, and XRP with redesigned economics poised to reshape investor expectations. Value Capture Momentum Builds Across Major Tokens Bullish expectations are rising as investors reassess how major crypto networks may rebuild their economic structures.

Bitwise CIO Spotlights XRP, ETH, UNI With Designs Getting Better at Value Capture

The researchers argue WASM, which has been battle-tested across billions of execution environments, is a better long-term bet than RISC-V.

Offchain Labs challenges Vitalik's RISC-V proposal, says WASM better for Ethereum L1

Ethereum is hovering at $2,818 this Sunday, but the quieter spot price action is wildly out of sync with what's happening under the hood. Derivatives traders are loading up, shifting size across venues, and positioning ahead of a dense cluster of expiries that could force ethereum out of its holding pattern sooner rather than later.

Ethereum Price Stalls as Derivatives Traders Load up for the Week Ahead

After a bruising week of historic outflows, the exchange-traded fund (ETF) market finally took a breath. Bitcoin, ether, and solana ETFs all closed Friday in the green, signaling a welcome shift in sentiment.

Bitcoin, Ether, and Solana ETFs Rebound With Strong Inflows

Investors in Europe can soon take a gamble on 3x leveraged Bitcoin and Ethereum ETFs thanks to LeverageShares.

Europe Will Get Risky 3x Leveraged Bitcoin, Ethereum ETFs as Crypto Markets Melt Down

Bitcoin clawed back some of its steep weekly losses, reclaiming the $84,000 level despite elevated liquidations and a market still gripped by extreme fear.

Bitcoin, Ethereum, XRP, Dogecoin Trim Losses Ahead As 'Extreme Fear' Continues

BitMine Immersion Inc. (NASDAQ:BMNR) is staring at a $4.21 billion Ethereum (CRYPTO: ETH) portfolio loss — a blow so large that BMNR has crashed back into its last major support zone. Bitmine's ETH Holdings Sink As Portfolio Value Drops $4.21B Dropstab data shows that Bitmine invested about $14.01 billion into its ETH Strategy Portfolio, accumulating 3.51 million ETH at an average cost of $3,997 per token.

Tom Lee's BitMine Is Down $4.2 Billion On Its ETH — And BMNR Down 85% From Its Peak

ETH is trading around $2,730 on Friday, indicating BitMine's multiple to Net Asset Value has fallen below 1.0x.

Tom Lee's BitMine to begin offering annual dividend as ETH treasury mNAV dips

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

News for Ethereum Crypto (ETH)