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Ethereum
Ethereum, a decentralized blockchain platform, has emerged as a prominent player in the world of cryptocurrencies. It is not just a digital currency like Bitcoin but also a platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Ethereum's underlying technology, powered by its native cryptocurrency Ether [ETH], offers a secure and transparent environment for executing peer-to-peer transactions without the need for intermediaries. With a vast community of developers, businesses, and individuals involved, Ethereum has become a hub for innovation and collaboration in the crypto space. Companies across various industries are exploring the potential of Ethereum's smart contract capabilities to streamline operations, enhance security, and reduce costs. Moreover, Ethereum's open-source nature allows for the creation of new protocols and blockchain networks, fostering interoperability and scalability within the ecosystem. Crypto exchanges play a crucial role in facilitating the trading of Ethereum, providing a platform for individuals and institutions to buy, sell, and store their ETH securely. As the demand for Ethereum continues to grow, so does the number of exchanges offering ETH trading pairs, ensuring liquidity and accessibility for investors.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
MakerDAO Founder on Biden Administration’s Stablecoin Report
A coalition of U.S. financial authorities under the Biden administration published its long-anticipated report and recommendations on the regulation of stablecoins last week.
CoreWeave Raises $50M in New Funds From Magnetar Capital
The cloud service provider and Ethereum miner will use the funding to expand its cloud offerings.
Discord CEO Hints at Ethereum Compatibility
Social network Discord is considering linking to the Ethereum blockchain, CEO and founder Jason Citron hinted in a tweet Tuesday. Some members of the Discord community have already canceled their Nitro subscriptions in protest amid rising concerns about the potential update. “The Hash” team discusses their takes on the story and its backlash.
Ethereum Name Service Tokens Soar After $500M+ Airdrop
The newly formed DAO and its governance tokens are enjoying a picture-perfect launch.
Neon Labs Raises $40M to Bring EVM Functionality to Solana
The Ethereum-compatible environment could lead to implementations of popular DeFi protocols on the blockchain.
Bitcoin Soars Past $68K for the First Time as Ether Also Sets Record High
The total market capitalization of all cryptocurrencies neared a milestone of $3 trillion.
Discord CEO Hints at Ethereum Compatibility
Jason Citron posted a screenshot that shows Discord connecting to Ethereum, saying “probably nothing.”
Crypto Fund Inflows YTD Significantly Higher Than Last Year
Total assets under management have also reached an all-time high of $80 billion.
Ethereum Hits New All-Time High, South Korea Says NFTs Are Not Virtual Assets
Ethereum kicks the week off at an all-time high. China’s Meten Holding Group pivots from tutoring into crypto mining. South Korea says NFTs are not virtual assets. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
