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


Tech

Ethereum Developers Lock in May 7 for Pectra Upgrade

The decision to schedule Pectra was made just over a week after the upgrade went live on the Hoodi testnet without any hiccups.

The latest Ethereum upgrade, Pectra, is partly named after Electra, one of the "seven sisters" in the star constellation known as Pleiades (Wikipedia)

Tech

0xbow's Ethereum Privacy Pools Surpass 200 Deposits as User Interest Grows

The system uses zero-knowledge proofs to ensure privacy while maintaining compliance by screening for illicit funds.

Oxbow's Ethereum privacy pools went live early this week. (ChristophMeinersmann/Pixabay)

Markets

Ethereum Reclaims No. 1 Spot as Leading DEX Chain for First Time Since September, Overtakes Solana

The shift in leadership occurred amidst a bearish market sentiment, particularly within the memecoin sector.

Ethereum was March's top blockchain by DEX volumes. (artellliii72/Pixabay)

Tech

The Protocol: Ethereum’s Final Pectra Test Goes Live

Also: Hyperliquid Eases Token Transfers for DeFi With Integration Between HyperCore and HyperEVM; Celo Migration to Layer-2 Network Is Done, Bringing in New Era for the Blockchain; Bitcoin DeFi Expansion Faces Fork Dilemma as Developers Explore ZK Proofs

CoinDesk

Tech

Ethereum’s Final Pectra Test Goes Live on Hoodi Network

The upgrade is the last of three tests, and developers previously agreed they would schedule Pectra 30 days from Wednesday if the test ran smoothly.

Ethereum Abstract Crystal

Markets

Custodia, Vantage Bank Tokenize U.S. Dollar Demand Deposits on Ethereum

They conducted a series of eight regulated test transactions, involving minting, transferring, and redeeming Avit tokens under full U.S. banking compliance.

CDCROP: Custodia Bank CEO Caitlin Long on CoinDesk TV's "All About Bitcoin." (CoinDesk TV)

Finance

Fidelity Files for Onchain U.S. Treasury Fund, Joining the Asset Tokenization Race

Tokenized money market funds has grown sixfold in a year to 4.8 billion, currently led by BlackRock's product.

Fidelity Investments sign (Jonathan Weiss/Shutterstock)

Finance

How Ether.fi Retained TVL as Restaking Lost Its Luster

Ether.fi, the market leader, has 2.6 million ETH staked on its platform and has plans to become a neobank.

Mike Silagadze (Consensus Hong Kong)

Markets

Ether Spot ETFs in U.S. Saw $358 Million Outflows in 11-Day Stretch

Despite the outflows, the funds have seen a cumulative net inflow of $2.45 billion since their inception..

Stock market price charts (Anne Nygård/Unsplash)

Finance

Coinbase Sold 12,652 ETH in the Fourth Quarter, Standard Chartered Says

Standard Chartered’s Geoffrey Kendrick said Base’s profits led to Ethereum sales rather than long-term accumulation, a claim dismissed by the crypto exchange.

Coinbase app opening screen on mobile phone (appshunter.io/Unsplash)