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

CoinDesk 20 Down 7%, Bitcoin Sinks by 5% as Asia Trading Week Begins

Nearly $175 million in long liquidations as broader market contracts

(CoinDesk Indices)

Tech

Protocol Village: DWF Launches $20M Fund for Web3 Projects in Chinese-Speaking Regions

The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 27-July 3.

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

Tech

Obol Labs Forms Industry Group to Push for Decentralized Validator Technology

As blockchain projects push to further decentralize, the developer Obol Labs has formed a group of companies working in the Ethereum ecosystem to concentrate on the growing field of "distributed validator technology," or DVT.

Distributed validator technology involves splitting up the job of running a validator on blockchains like Ethereum. (Onasill/Creative Commons, modified by CoinDesk using PhotoMosh)

Finance

Pump.Fun Overtakes Ethereum With $2M in Daily Revenue to Take No. 1 Position

More than 11,500 tokens were created on Pump.fun on Monday.

Pump.fun overtakes Ethereum in revenue (Fikri Rasyid/Unsplash)

Tech

Tezos, Smart-Contract Blockchain of ICO Fame, Reveals Roadmap to Rejuvenate

The decade-old blockchain's development plan, which goes out through 2026, calls for splitting off transaction execution into a separate "canonical rollup" that would support multiple programming languages.

Tezos co-founder Arthur Breitman (Bradley Keoun)

Tech

Protocol Village: Algorand Foundation Positions New 'LiquidAuth' as Decentralized WalletConnect

The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 20-26.

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

Tech

ZKsync Developer's New 'Elastic Chain' Could Compete With Polygon's AggLayer

This Elastic Chain is composed of multiple chains in the ZKsync ecosystem, but users will feel like they are using a single chain.

Projects competing to become the dominant "layer 2" network atop Ethereum are now competing to become networks of networks. (Unsplash)

Tech

Tether to Stop Minting Stablecoin USDT on Algorand and EOS

The circulating supply of the dollar-linked stablecoin on the two blockchains represents only about 0.1% of the total USDT supply.

Tether cited "usage" and "community interest" as factors in its decision to discontinue support for the USDT stablecoin on the EOS and Algorand blockchains. (Creative Commons)

Markets

Ether Traders Buy $4K Calls In Anticipation of Record High

Call buyers are implicitly bullish on the market.

Trading charts. (Asa E-K/Unsplash)