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.

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

The Daily: Trump to sign executive order for crypto in 401(k) plans, Ethereum daily transactions reach new high above 2021 peak, and more

The ETH treasury firm is selling shares of its common stock for $19.50 per share to raise funds that will go toward adding to its nearly $2 billion Ethereum stockpile.

Ethereum Treasury Sharplink to Raise$200 Million for More ETH Purchases

Ethereum Treasury Sharplink to Raise $200 Million for More ETH Purchases

An Ethereum sidechain joined XRP Ledger's ecosystem in June.

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SharpLink Gaming (SBET), a Nasdaq-listed ether treasury firm, said it has raised $200 million to buy more ether (ETH) in expectation of boosting its holdings to more than $2 billion worth of the second-largest cryptocurrency.

SharpLink Raises $200M in Direct Offering to Raise ETH Holdings to $2B

The firm previously filed for a $6 billion shelf registration, allowing it to issue equity and debt to fund its ETH strategy.

Joe Lubin-backed Ethereum treasury firm SharpLink to sell additional $200 million worth of stock to buy ETH

Solana

Ethereum, SOL, and XRP have jumped on reports that President Trump will sign an executive order to allow crypto in 401(k)s.

Ethereum, Solana, XRP Rebound Amid Reports Trump Will Allow Crypto in 401(k)s

Bitcoin

Dogecoin

Cryptocurrency markets are trading higher Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $116,687.42 Ethereum (CRYPTO: ETH) $3,820.98 Solana (CRYPTO: SOL) $173.00 XRP (CRYPTO: XRP) $3.08 Dogecoin (CRYPTO: DOGE) $0.2137 Shiba Inu (CRYPTO: SHIB) $0.00001266 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transactions decreased by 11.8% and 19.1%, respectively, in a single day. Daily active addresses grew 8.3% and 1.3%, respectively.

Bitcoin, Ethereum, XRP, Dogecoin Turn Higher On Thursday – Strong Accumulation May Build Solid Support

SkyBridge Capital founder and leading cryptocurrency advocate Anthony Scaramucci endorsed the Avalanche (CRYPTO: AVAX) network on Wednesday, suggesting it is on the verge of significant growth. Scaramucci Sees Potential In Avalanche Scaramucci stated in an X post, “Avalanche has been building and its moment is coming,” indicating his firm support for the Layer-1 blockchain.

Anthony Scaramucci Thinks This 'Ethereum Killer' Network's Moment Is Coming — Here Is Why

Analysts pointed to the surging interest in DeFi and stablecoins alongside the growing trend of firms adopting the ETH treasury strategy.

Ethereum daily transactions reach new high, surpassing 2021 peak as stablecoins and ETH treasuries steer growth

A whale investor is on the brink of liquidation on Thursday after failing to secure profits worth $4.25 million on an Ethereum (CRYPTO: ETH) short bet. Opportunity Gone Begging On ETH Short The trader, who was successful in their previous trades, took a 15x leverage bet on ETH, Lookonchain reported, citing data from HyperDash.

This Ethereum Whale Could Have Taken Home Over $4 Million Profit – Now They Are Staring At Liquidation

Cosmos

Cosmos Health Inc. (NASDAQ:COSM) shares surged 30.98% to $1.15 after announcing a $300 million financing facility to launch an Ethereum (CRYPTO: ETH) treasury strategy, joining a growing trend of corporations adopting digital asset reserves. $300 Million Facility Targets ETH Accumulation The healthcare group secured the senior secured convertible notes facility from a U.S. institutional investor.

Ethereum Treasury Strategy Fuels Cosmos Health's $300 Million Financing Deal—Stock Surges 31%

Cosmos Health, a Nasdaq-listed healthcare firm, said it has secured up to $300 million in financing to launch an Ethereum treasury strategy.

Nasdaq-listed Cosmos Health enters $300 million facility for Ethereum treasury strategy

The crypto market cap is holding within a tight $3.6 trillion–$3.8 trillion range as traders pull liquidity and shift focus to micro-cap tokens in the first week of August, with some warning of a summer lull to continue.

Crypto Market Cap Halts at $3.7T as Traders Rotate Out, Institutions Double Down on BTC, ETH

Leading cryptocurrencies mirrored the stock rally on Wednesday as investors increased risk appetite in the wake of Apple Inc.‘s (NASDAQ:AAPL) $100 billion investment pledge in the U.S. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m. ET) Bitcoin (CRYPTO: BTC) +1.25% $115,094.52 Ethereum (CRYPTO: ETH) +3.24% $3,687.41 Dogecoin (CRYPTO: DOGE) +4.03% $0.2055 XRP (CRYPTO: XRP) +2.27% $2.99 Solana (CRYPTO: SOL) +3.79% $168.45 Rally Liquidates Bearish Positions, Grees Sentiment Returns Bitcoin reclaimed $115,000 following Tuesday's dip below $113,000.

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Ether has been trading within a relatively modest range in August, following a big month where notable government developments helped boost regulatory clarity for crypto.

What's Next For Ether Prices?

Ethereum transactions soar to near-record highs as stablecoins, ETFs, and meme coins drive on-chain activity. Is it sustainable?

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ETH treasury companies have been snapping up the second biggest digital coin by market value.

Ethereum Treasuries a Better Investment Than ETH ETFs: Standard Chartered

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Global cryptocurrency market capitalization is trading 1.9% higher to $3.8 trillion. One trader is curious if $117,200 will be reclaimed as support or act as resistance, another advises to watch key metrics.

Bitcoin Inches Toward $115,000 As Ethereum, XRP, Dogecoin Hold Ground

Bitcoin exchange-traded funds (ETFs) remained under pressure on Tuesday, posting a $196 million outflow, their fourth consecutive day in the red. Ether ETFs staged a recovery with $77 million in net inflows, signaling diverging investor sentiment.

Ether ETFs Bounce Back With $77 Million Inflows as Exits Continue on Bitcoin

Companies that are buying ether (ETH) for their treasury strategy are a better buy for investors than ETH spot exchange-traded funds (ETFs), said Standard Chartered analyst Geoff Kendrick.

Ethereum Treasury Stocks 'Better Buy' Than ETH ETFs, Standard Chartered Says

"The NAV multiples (market cap divided by value of ETH held) have now also started to normalize for the ETH treasury companies," said Geoffrey Kendrick.

Standard Chartered says Ethereum treasury firms now ‘very investable,' better than US spot ETH ETFs

Ethereum (CRYPTO: ETH) treasury companies are rapidly emerging as a compelling alternative to U.S.-listed spot Ethereum ETFs, according to a Wednesday update from Geoffrey Kendrick, Head of FX and Digital Assets Research at Standard Chartered. What Happened: New data from the bank indicates that Ethereum buying by publicly listed treasury firms has now equaled that of spot ETFs since June 1, with both groups having acquired approximately 1.6% of the total ETH in circulation.

How Ethereum Treasury Companies Beat Out ETFs: Standard Chartered

Cherry AI, a Telegram-based infrastructure provider for Web3 communities, on Wednesday announced the upcoming launch of its native token, CHERRY, scheduled for Aug. 14. The platform, which claims over 15 million users and integration across more than 200,000 Telegram (CRYPTO: TON) groups, operates a network of bots that assist crypto projects with trading, community management, and user engagement.

News for Ethereum Crypto (ETH)