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


Markets

Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending

Bitcoin's slump since March was driven by long-term holders selling, but blockchain data shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report.

Bitcoin price on June 3 (CoinDesk)

Consensus Magazine

Crypto Is a Core American Issue, Consensys’ Joe Lubin Says

The Ethereum co-founder discusses why his firm decided to sue the SEC on stage at Consensus 2024.

Joe Lubin, founder and CEO of Consensys, discusses Ethereum's political prospects. (Shutterstock/CoinDesk/Suzanne Cordiero)

Tech

Protocol Village: Sentinel Releases Decentralized VPN App for Android, Says Apple iOS Support to Follow

The latest in blockchain tech upgrades, funding announcements and deals. For May 23-29. NOTE: Protocol Village will be on a limited publishing schedule May 24-June 2 as we cover CoinDesk's Consensus conference in Austin, Texas. Hope to see you there!

Scene from Protocol Village at Consensus 2023 in Austin, Texas.

Tech

Ethereum-Based Domain Protocol ENS Seeks Own L2, Possibly With ZK Rollups

ENS’s proposal, dubbed “ENSv2,” will completely overhaul the network’s registry system, and transform it into a layer 2.

Ethereum Name Service founder Nick Johnson (ENS)

Markets

Ethereum Meme Coins PEPE, MOG Hit Lifetime Highs on Ether ETF Filing Approvals

Ether surged more than bitcoin over the weekend on renewed optimism for the second-largest cryptocurrency.

Pepe the Frog Meme Gallery (Danny Nelson/CoinDesk)

Opinion

3 Questions About the SEC’s Abrupt ETH ETF Approval

Was the decision politically motivated? What does it mean for Ethereum going forward? Will other leading chains benefit too?

Gary Gensler's SEC must now decide what to do about multiple applications for BTC and ETH ETFs (Jesse Hamilton/CoinDesk)

Finance

Ether ETF Listing Approval Sees Billions Poured Into Restaking Protocol Ether.Fi

The protocol now has $5.4 billion in total value locked (TVL).

Ether.Fi CEO Mike Silagadze (CoinDesk, modified using PhotoMosh)

Videos

Aptos' APT Token Down 52% in April After Booming March: VanEck

According to data from VanEck, Aptos' APT token dropped 52% in value after an auspicious March where it surged 44%. The asset manager added that Aptos lost the most on-chain revenue, month to month, of any chain outside of Ethereum. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Recent Videos

Tech

Plume, Layer-2 Blockchain for Real-World Assets, Pulls $10M in Seed Funding from Haun, Galaxy

Plume plans to make it possible for people to easily – and compliantly – bring real-world assets (RWAs) like real estate and collectibles onto blockchains.

Plume co-founders Eugene Shen, Chris Yin and Teddy Pornprinya (Plume)