Ethereum News Today
Ethereum is a public blockchain network that gave rise to the most popular altcoin; ether (ETH). The Ethereum platform was developed by Russian programmer Vitalik Buterin in July 2015 and it features smart contracts as well as an open-source nature that avails its users the choice of designing their programs without the interference of third parties or middlemen.
Ethereum’s Ether (ETH) was built on the ERC-20 protocol and it is ranked the 2nd digital currency based on market capitalization which currently stands at over 18.8 trillion USD. The coin serves as the network fees to miners on the Ethereum platform.
On its launch in 2015, there were 72 million ETH tokens pre-mined after its ICO raised over 16 million dollars in 2014. On 13th January 2018, ETH reached an all-time high of over 1,432 USD. Few months after its launch in 2015, ETH’s price dropped to its all-time low of 0.4209 USD on 21 October 2015.
Eth News
Interestingly, users can also create their custom tokens on the Ethereum blockchain network. This unique feature as seen the platform often referred to as the leading decentralized Apps (dApps) and smart contracts platform. Decentralized Apps are run and implemented precisely as programmed after it is set out on the Ethereum network; this makes it hard to censor and reduces their vulnerability to attacks. Ethereum emphases on running software design codes of dApps.
When it comes to decentralized finance in the dApps industry, Ethereum boasts of leading all other blockchain platforms in the number of applications developed. Ethereum has made significant attempts to solve the scalability issues in the crypto space in recent years and appears to be making progress in that regard.
Stay up to date with the latest ethereum news and information on Coinspeaker as we bring you breaking news on ethereum price, market capitalization, wallets, dApps, smart contacts, and its blockchain.
The US spot Ethereum ETF issuers registered a net cash outflow of $3.24 million on Thursday, thus ending the longest period of notable cash inflows.
STXN’s Ethereum Time Machine introduces conditional transactions and reversal options, enhancing blockchain flexibility for error correction, fraud prevention, and user control.
Ethereum researcher Justin Drake teased a new proposal aimed at improving Ethereum’s scalability while presenting his “ambitious” strategy for the Beacon Chain roadmap.
The US spot Ethereum ETFs registered the highest cash inflow since inception on Monday of over $295 million.
Justin Sun makes $69M profit by selling Ethereum, while whales strategize with both accumulation and sales during the price rally.
The significant dumping of $2.2K-$2.4K puts (bearish bets) signaled a market sentiment shift in the options market, as large players didn’t expect ETH to drop to $2.4K again.
The Ethereum network is preparing for the Pectra upgrade to go live on the mainnet in the first quarter of 2025 through the Mekong testnet.
Two long-term Ethereum whales from the ICO era re-emerged, collectively selling 33,701 ETH worth $89.11 million as the ETH price rallied to $3,000.
The low demand for Ethereum among institutional investors will soon change as Bitcoin dominance hovers around a major psychological resistance level.
On-chain data shows that more institutional investors are more interested in Bitcoin compared to Ethereum but the narrative will change soon amid anticipated altseason.
Ethereum co-founder Vitalik Buterin has shared full update on The Splurge and advancements to watch out for.
HKEX’s new index series is the first in Hong Kong to align with EU financial standards.
Ethereum price continues to struggle around $2,500, with the ETH/BTC trading pair reaching its lowest level since April 2021.
Bitcoin is seeing partial recovery to $68,000, with a record $4.5 billion in options expiring today. Ethereum also has a substantial options expiry worth $1.01 billion, or 403,426 contracts.
Ethereum sentiment has turned negative as investors reportedly shift to SOL and ETH.