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

VanEck Sees Ether Hitting $22K by 2030

Ether's 2030 valuation is driven by $66 billion in free cashflows and $15 trillion TAM potential, VanEck writes

Jan van Eck, president and CEO of VanEck speaks at Consensus Invest 2018 (CoinDesk)

Tech

The Protocol: Another Episode in the Layer-2 Teams Drama

We take a look at what unfolded after Matter Labs’ planned to trademark the term “ZK.”

(jean wimmerlin/Unsplash/PhotoMosh)

Tech

Protocol Village: Coinbase Launches Passkey-Based 'Smart Wallet,' Alchemy Unveils 'Rollups,' Fleek Releases Testnet

The latest in blockchain tech upgrades, funding announcements and deals. For May 28- June 7.

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

Markets

Ether Price Poised for Supply 'Shock' as ETFs May Attract $4B Inflows in Five Months, K33 Research Says

ETH will start outperforming bitcoin following the ETF launch after almost two and a half years of underperformance, the report said.

Ethereum (Unsplash)

Tech

Polygon Acquires Zero-Knowledge Cryptography Firm Toposware

Sources close to the deal told CoinDesk that the company was valued at $30-50 million. The purchase means that Polygon Labs has invested over $1 billion on zero-knowledge research and acquisitions, the team shared in a press release.

Polygon Labs CEO Marc Boiron (Polygon Labs)

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)