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

NFT Trading Volume Plummets but Analysts Say NFT Craze Is Far From Over

Daily trading volume on the top NFT marketplace has dropped by more than 80% over the past month.

Cryptopunks NFTs

Markets

Sotheby’s Auction of 101 Bored Ape NFTs Fetches $24M, Smashing Estimates

The eight-figure price implies an average sale of $241,515 per NFT.

Screen grab from Sotheby's website showing results of Bored Ape Yacht Club NFT auction. (Sotheby's)

Finance

Do NFTs’ Crazy Valuations Make Them Art? A Leading Collector Says No

The cultural cachet that makes fine art such a good investment will take years to build up around NFTs.

LONDON, ENGLAND - MARCH 20: Highlights from Sotheby's auctions of Modern and Contemporary Middle Eastern and African Art at Sotheby's, featuring The Visitor by South African artist Gerard Sekoto on March 20, 2020 in London, England. (Photo by John Phillips/Getty Images for Sotheby's)

Markets

Market Wrap: Bitcoin Bullish Sentiment Fades as Selling Abates

Analysts expect sentiment to become more normal for September as bitcoin’s price consolidates.

Bitcoin 24-hour chart (CoinDesk)

Tech

Loot Parody Projects Raise $1M for Charity

As text-based NFT mania grows increasingly absurd, two developers are poking fun at the trend with drops that raise money for a good cause.

(Immo Wegmann/Unsplash)

Finance

Eden Network Raises $17.4M to Shield Ethereum Users From Malicious Miners

The seed funding round will help the project fight the menace of MEV.

Iguazu Falls, Argentina. (Julia Caesar/Unsplash)

Videos

NBA Star Steph Curry Joins Tom Brady as FTX Ambassador

Sam Bankman-Fried’s trading empire FTX adds another professional athlete to its cap table, with Golden State Warriors guard Stephen Curry signing on as an “FTX global ambassador.” As part of the deal, Curry will receive an equity stake in FTX.

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Videos

MetaMask Surpasses 10 Million MAUs, Becomes World’s Leading Non-Custodial Crypto Wallet

Lex Sokolin, Global Fintech co-head of leading Ethereum software company ConsenSys, discusses what’s behind the huge growth of user activity in MetaMask, which now has more than 10 million monthly active users (MAUs) and positions itself as the leading non-custodial wallet by users globally. Plus, his take on the outlook for NFTs, Ethereum, and Solana.

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Finance

Staking Giant Lido Expands to Solana

Lido controls over 80% of the fast-growing market for ether staking derivatives.

(Pixabay, modified by CoinDesk)

Markets

The Next Solana? Algorand Token Sees Highest Price in More Than 2 Years Despite Market Sell-Off

The price of Algorand’s ALGO tokens has jumped more than three-fold this year, leading to a market capitalization of more than $6 billion.

Rockets