Higher low for $ETH / $BTC on the monthly timeframe.
Are you ready ?
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福禄寿OTC
Comment 1⃣️: Not opening a position on Ethereum at 1500U, not opening a position on SSV at 5U, but coming in with 10U to open a position and take over.
Comment 2⃣️: Fulu Shou opens a position, the strongest indicator at the top appears.
Comment 3⃣️: Never seen someone so bad at trading crypto.
I open positions based on the right-side trend; it's almost impossible to buy at the lowest point. I'm satisfied with taking a portion of the profit from a trend. Whether it's the top or not, as a humble trader, it's still too early for me to say. Whether I'm bad at trading crypto or not, I honestly don't care. I'm not charging fees or leading trades. Whether I make money in this cycle or not, my pocket knows better than you. Even if this small SSV position goes to zero, it won't affect me much. Trolls, please stop entertaining yourselves.
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Kuang Ren 狂人说趋势
🚨 Coinbase announces the addition of Ethena (ENA) to its listing roadmap!
📷 Today, Coinbase Assets officially confirmed that Ethena (ENA) has been formally included in its listing roadmap, marking an important step for this Ethereum ecosystem project!
💡 ENA is a platform focused on synthetic dollars and native internet yield, with its core product USDe aimed at bringing stability and scalability to the DeFi ecosystem.
⚽️ The specific listing time has not yet been determined, pending market support and technical infrastructure improvements. Coinbase will announce separately once conditions are met. However, upon the news, ENA's price quickly reacted, soaring from $0.312 to $0.338, an increase of 8.6%! Trading volume also surged 91.7% in the past 24 hours, reaching $254 million, showing high market attention.
🚩 Reminder: Currently, ENA is only at the roadmap stage and is not yet supported for trading or transfers. There is a risk of loss if funds are deposited into Coinbase before the official listing, so invest cautiously!
🕯️ The inclusion of ENA may further drive its application in the DeFi field.
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engn33r
You probably already knew that the best talk of ETH Belgrade is at 15:00 today 👍
ETH Belgrade
💥 NEW SPEAKER ANNOUNCEMENT
Excited to expand our brutal lineup with @bl4ckb1rd71, Web3 security expert at @twynexyz and a true friend.
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ETH Belgrade 3 starts June 3rd – mark your calendar!
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🎤 Apply to speak →
🤝 Become a sponsor →
🛠 Apply to hack →
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PANews
By Weilin, PANews
"Copycat season is coming, but it doesn't happen in cryptocurrency, it happens in coin stocks." With the 10-fold rise in the week after the U.S.-listed company SharpLink (SBET) announced its financing to buy ETH, the crypto community ridiculed it, and the popularity of crypto concept stocks can be seen.
More and more global listed companies are taking the initiative to incorporate crypto assets such as Bitcoin, Ethereum, SOL and XRP into their coffers, whether they are tech giants with a market value of hundreds of billions of dollars or small listed companies that were originally on the edge.
In this article, PANews sorts out the listed companies with active crypto positions based on market capitalization, the number of crypto asset holdings, and the changes in holdings since 2025, covering multiple industries such as e-commerce, fintech, traditional banking, mining, etc., and the main data comes from the Bitcoin Treasuries website.
In the inventory, it is not difficult to find that the stock prices of crypto-focused companies such as Coinbase are highly correlated with the volatility of the crypto market, despite their strong treasury allocation. However, some small and medium-sized companies have been hyped by the capital market due to the sudden "buying of coins", and their stock prices have doubled or even increased several times in a short period of time. Many companies that have previously struggled with growth are achieving a "financial turnaround" by releasing digital asset reserve strategies, and the stock price trend has reversed significantly.
First-tier companies: high market capitalization + large holdings
Strategy(MSTR)|Market Cap: $103.3 billion|Holdings: 580,955 BTC
As a pioneer of the "Bitcoin Treasury" strategy, MicroStrategy remains the largest Bitcoin holder among the world's publicly traded companies. As of June 3, the company had purchased a total of 580,955 BTC at a total cost of $40.67 billion, with an average purchase price of $70,023. Since the beginning of this year, the company has continued to increase its position slightly, and the current book profit is 49%.
Despite being in high buying territory, the company maintains a firm belief in BTC. In an interview at the Bitcoin 2025 conference, its CEO Michael Saylor said that there is no upper limit to his plan to increase his Bitcoin holdings, and that as the price of Bitcoin continues to rise, it will be exponentially more difficult to buy Bitcoin in the future, but Strategy will buy Bitcoin with greater efficiency. As of June 1, MSTR's share price is up 23.02% for the year, reflecting the capital market's partial endorsement of its Bitcoin strategy.
Strategy's BTC holdings change during the year (red)
MercadoLibre(MELI)|Market Cap: $130 billion|Holdings: 570.4 BTC
Latin American e-commerce and fintech giant MercadoLibre has included Bitcoin as a financial asset since 2021. At the end of the first quarter of 2025, the company's holdings increased from 412.7 to 570.4, reflecting its continued allocation to crypto assets.
While MercadoLibre through its payment platform, MercadoPago, allows users to pay with Bitcoin, Ethereum, and stablecoins in places like Brazil, the cryptocurrencies paid by these users are primarily used for transactions on the platform (such as the purchase of goods or real estate) and not directly into MercadoLibre's balance sheet. The company reported a strong first-quarter report, with 67 million active buyers and a 31% increase in monthly active fintech users. Supported by strong fundamentals, its share price rose 45.23% for the year. The average holding cost of Bitcoin is $38,569, with a floating profit of 169.06%.
Coinbase(COIN)|Market Cap: $62.8 billion|Holdings: 9,267 BTC
As the largest crypto trading platform in the United States, Coinbase not only serves as a trading portal, but also expresses its confidence in Bitcoin with practical actions. On March 31, 2025, the company increased its holdings by 2,382 BTC, raising its holdings to 9,267 BTC, with an average cost of $55,937.
However, Coinbase shares are down 4.12% year-to-date due to the decline in Q1 results and the market downturn. It fell to a low of $151.47 on April 18 and then gradually recovered. Despite this, its bitcoin holdings still have a floating profit of more than 85%.
Block (formerly Square)|Market Cap: $38 billion|Holdings: 8,584 BTC
Block, led by Jack Dorsey, is integrating the Bitcoin strategy into its products and ecosystem. As of the end of March this year, the company held 8,584 BTC, with an average cost of only $30,405 and a floating profit of 243.15%. The Block ecosystem includes many popular products such as Cash App, Square's point-of-sale system, and the recently launched Bitkey Bitcoin self-custody wallet.
However, despite the company's solid fundamentals, the stock price has fallen by 28.82% since 2025, reflecting investors' dual concerns about the macro environment and the profitability of the payment business.
Crypto attempts by traditional financial giants
Intesa Sanpaolo (ISP.MI)|Market Cap: $99.1 billion|Holdings: 11 BTC
Italy's largest bank, Intesa Sanpaolo, made its first purchase of 11 bitcoins on January 14, 2025, with a market capitalization of about €1 million, marking the beginning of traditional banks' exploration of cryptocurrencies in the form of "beta operations". Although this measure is small-scale, it sends an important signal that compliant currency holding is becoming a trend.
As Italy's largest bank by assets, Intesa Sanpaolo is an important pillar of the country's financial system. With a strong presence in retail, corporate and investment banking, it serves millions of clients in the Italian and international markets.
As of June 1, its share price was up 27.1% for the year.
Virtu Financial(VIRT)|Market Cap: $6.2 billion|Holdings: 235 BTC
Virtu Financial was founded in 2008 and is headquartered in New York City, USA. The company is testing the waters of digital asset trading and reserves. As of now, it has 235 bitcoin holdings and an average purchase price of $82,621. Despite the high cost, the floating profit still reached 26.47%. Virtu also uses Bitcoin as part of its strategic risk hedging tool.
Year-to-date, Virtu shares are up 11.42%.
Mining leaders and new coin holders
MARA Holdings(MARA)|Market Cap: $5.1 billion|Holdings: 49,228 BTC
MARA, one of the largest Bitcoin miners in the United States, has continued to expand its coffers significantly this year. Since 2025, the company has purchased bitcoin several times in January, February, March, April and May, and increased its holdings by 1,003 BTC on May 30 alone, with a total holdings of 49,228, ranking the second largest company in the world in terms of listed bitcoin holdings.
Headquartered in the United States, MARA Holdings is known for its large-scale, institutional-grade Bitcoin mining operations, relying on advanced technology and strategic partners to maximize mining efficiency and output. MARA's business model is centered on securing and verifying Bitcoin transactions, relying on block rewards and transaction fees to make a profit, while holding a significant portion of mined Bitcoin as treasury assets for a long time.
GameStop (GME)|Market Cap: $13.3 billion|Holdings: 4,710 BTC
GameStop Corp. is a specialty retailer that provides gaming and entertainment products through its stores and e-commerce platforms in the United States, Canada, Australia and Europe. The Company sells new and used gaming platforms, accessories (such as controllers and gaming headsets), new and used gaming software, as well as in-game digital currency, digital downloadable content, and downloadable versions of complete games. GameStop, formerly known as GSC Holdings Corp., was founded in 1996 and is headquartered in Texas, USA.
The gaming retailer, known as the "retail myth", is transitioning to digital assets. On March 25, local time, according to the official announcement of GameStop, the company's board of directors has unanimously approved an updated investment policy to use Bitcoin as one of the company's reserve assets. On May 28, GameStop announced that it would add bitcoin to the company's reserves, and quickly purchased 4,710 coins, making it one of the fastest traditional companies to increase their positions this year. Although the stock price still fell by 2.80% during the year, its market attention has increased significantly.
In addition to the above-mentioned high-capitalization companies and well-known public companies, at the same time, companies with relatively small market capitalizations but actively increasing their holdings of bitcoin in 2025 include Metaplanet, Core Scientific, Rumble, and Bitdeer Technologies. In addition, some companies with high market popularity have also begun to deploy crypto assets, showing strong interest in the track.
"New forces" with small market capitalization but big moves
SharpLink(SBET)|Market Cap: $53.58 million|ETH Treasury Strategy
On May 27, SharpLink, a small U.S. stock company that was rarely talked about and whose stock price was on the verge of delisting, announced the completion of a private placement of about $425 million and will buy ETH as its main treasury reserve asset, and many even call it "the Ethereum version of Strategy".
Bet ETH as a treasury reserve asset and obtain 425 million financing with a market value of 2 million. The lineup for this round is luxurious, with Ethereum infrastructure developer ConsenSys leading the round. On the day of the funding announcement, SharpLink's stock price soared as high as $50, the highest since May 2023.
Related reading: "ETH version of microstrategy is coming! U.S. stock SharpLink received more than 400 million financing from Ethereum supporters, and was on the verge of delisting》
Trump Media & Technology Group (TMTG)|Market Cap: $4.7 billion|Bitcoin Treasury Plan
Trump Media Technology Group (TMTG), founded by U.S. President Donald Trump, announced in late May that it would launch a $2.5 billion funding plan to build a Bitcoin treasury and create a "Truth Social ecosystem" with crypto finance as the core. Its policy direction has also sparked ongoing discussions in the industry about the intersection of politics and crypto.
Asset Entities(ASST) + Strive|Market Cap: To be updated after The Merge|BTC Treasury Target
On May 7, Asset Entities (NASDAQ: ASST), a leading digital marketing and content delivery provider, announced that it has entered into a definitive merger agreement with Strive Asset Management. After the merger, the company will be renamed Strive, continue to be listed on the NASDAQ, and transform into a publicly traded Bitcoin finance company. On May 27, it was reported that Strive Asset Management has completed a $750 million private equity investment (PIPE) round of financing at a subscription price of $1.35 per share, a premium of 121% over the previous closing price of ASST, and has the opportunity to expand to $1.5 billion through warrants. The funds will be used to acquire undervalued biotech companies, buy Mt. Gox and other bitcoin creditor's rights, and discounted structured BTC credit products to build its bitcoin vault.
Upexi(UPXI)|Market Cap: $400 million|Solana Strategy
On April 21, GSR, a well-known cryptocurrency trading and investment firm, announced that it has made a private equity investment (PIPE) of up to $100 million in Upexi, Inc. (ticker: UPXI), a NASDAQ-listed consumer goods company, betting on its soon-to-be-fully transformed Solana financial strategy. Affected by the news, Upexi's stock price soared more than six times in a day.
VivoPower(VVPR)|Market Cap: $46.92 million|XRP Treasury Strategy
On May 29, VivoPower International (VVPR), a NASDAQ-listed energy company, announced the completion of a $121 million private placement funding, which will transform into a crypto asset reserve strategy with XRP as the core. Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud led a $100 million round.
epilogue
As Bitcoin gradually moves from a "marginal" asset into the mainstream, from MicroStrategy to MercadoLibre, from banking giant Intesa to SharpLink, more and more publicly traded companies are embracing crypto assets in different ways. Some of them see Bitcoin as a store of value, some are trying to build a new financial system around Ethereum or Solana, and some are even using a "treasury strategy" to transform their companies.
This is not only a reflection of financial diversification, but also a reflection of the fact that crypto assets are becoming part of a new trend in global capital markets. In the future, with the further clarification of supervision and the continuous improvement of infrastructure, more companies with a market value of tens of billions or even hundreds of billions may join the "coin holding club".
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Ethereum price performance in USD
The current price of Ethereum is $2,602.59. Over the last 24 hours, Ethereum has increased by +3.81%. It currently has a circulating supply of 120,723,347 ETH and a maximum supply of 120,723,347 ETH, giving it a fully diluted market cap of $314.06B. At present, the Ethereum coin holds the 2 position in market cap rankings. The Ethereum/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Ethereum (ETH) is an open-source, decentralized blockchain network that builds on Bitcoin's blockchain innovation, with some significant differences and improvements. Its native coin, Ether, can be used for digital payments and functions as a software platform for creating and deploying immutable decentralized applications (DApps) or smart contracts.
Ethereum is the second largest cryptocurrency by market capitalization, second only to Bitcoin. Ethereum changed the cryptocurrency industry by introducing smart contract functionality to blockchain networks. Smart contracts allow users and developers to access emerging industries like decentralized finance (DeFi).
Because of the seemingly limitless possibilities of blockchain technology and smart contract functionality, Ethereum has produced several multi-billion dollar industries. These include DeFi, play-to-earn crypto gaming, and the wildly popular non-fungible token (NFT) industry. Today, the Ethereum blockchain is home to over 2,900 different projects and has processed over $11 trillion in value.
Like stablecoins, including Tether (USDT) and USD Coin (USDC), Ethereum's native token, Ether, is used to pay transaction fees when completing transactions on the network. It's also a currency exchange for digital assets stored on the blockchain, like NFTs. Following the Ethereum Merge, ETH will be used to secure the network and produce new blocks.
What sets Ethereum apart?
The Ethereum network is designed to serve as a global computer that anyone can use. It aims to give users complete control of their digital assets and allow them to access tools and services traditionally controlled by centralized entities.
For example, on the Ethereum blockchain, anyone can provide digital assets as collateral and take out an instant loan. In the traditional finance world, this process would be governed by the jurisdiction of a centralized company. With Ethereum, every aspect of this function is handled entirely by smart contracts on the blockchain. This removes the requirement for partial intermediaries.
The blockchain can also make any program censorship-resistant, robust, and less vulnerable to fraud by running and offering it on a distributed network of worldwide public nodes.
In the spirit of decentralized ownership, anyone can submit governance proposals that they believe can improve Ethereum for the collective good of the project. After a proposal is submitted, holders of the Ether token can vote on its outcome. By doing so, the Ethereum community is responsible for guiding developments to the network.
How does ETH work?
When the Ethereum blockchain was initially launched in 2015, it employed a Proof of Work (PoW) consensus algorithm. In this model, new ETH tokens were created and distributed to miners as rewards for producing new blocks and securing the network.
This means that high-powered computational hardware installations, called mining rigs, compete against each other to solve complex equations in the mining process. The first miner to solve the equation earns the right to lead the production of new blocks on the network and is rewarded with new tokens as an incentive. This is also the same model employed by the Bitcoin network.
The Ethereum blockchain also has an account-based architecture. An Ethereum account is essentially an entity that holds an Ether balance and can initiate transactions on the Ethereum blockchain. There are two types of Ethereum accounts.
The first is "external accounts", which users control and manage through their private keys. The second is "contract accounts", known as smart contracts, and it's governed by code. Both these accounts can hold, receive, and send ETH and other Ethereum tokens and interact with smart contracts deployed on the blockchain.
External accounts can initiate transactions with other external accounts and smart contracts. The smart contracts kick in only when interacting with external accounts or other smart contracts. They can only respond by triggering code (involving multiple actions), transferring tokens, or even creating new smart contracts.
Ethereum's technology
Unlike Bitcoin, which uses a distributed ledger, Ethereum employs a distributed "state machine." Ethereum's "state" at any given point is a large data structure incorporating accounts and balances and the "machine's state" at that time.
It also encompasses the ability to host and execute many low-level machine code. This "state" keeps changing from block to block, and the Ethereum Virtual Machine (EVM) defines the rules for changing it.
The Ethereum network has a host of use cases, with the ability to create and deploy smart contracts being central to all of them. This functionality allows developers to produce various decentralized applications on the platform, including crypto wallets, decentralized exchanges (DEX), DeFi protocols, NFT marketplaces, play-to-earn games, and more.
Ethereum token standards
Ethereum’s token standards, like ERC-20 and ERC-721, have been extensively used to create fungible and non-fungible tokens, therefore contributing to various multi-billion-dollar projects. ERC-721 standard-based NFTs, in particular, pioneered the NFT industry, which had a global market cap of $75.89 billion as of May 2024.
ERC-1155 is a token standard on the Ethereum blockchain that allows for the creation of fungible (identical) and non-fungible (unique) tokens within the same contract. This makes it a more efficient and flexible solution for developers to create and manage multiple types of tokens simultaneously. Meanwhile, ERC-777 brought "Hooks" to the Ethereum network. Hooks is a function that bundles the action of sending tokens and notifying a contract into one message, improving the efficiency of smart contracts. ERC-777 is also backward-compatible with the ERC-20 standard, which helps extend the functionality of ERC-20.
Any time users transfer ETH or Ethereum-based tokens or interact with any application hosted on the platform, they must pay ETH as gas fees. In the future, ETH will also be used for validation purposes on the new Proof of Stake (PoS) Ethereum blockchain, with active validators required to stake 32 ETH to qualify for the job.
What's the Ethereum Virtual Machine (EVM)?
Introduced in 2015, the Ethereum Virtual Machine (EVM) is the Ethereum blockchain's heart. EVM is the environment where all the Ethereum accounts and smart contracts reside. It's a computation engine — also known as a virtual machine — that functions like a decentralized computer housing millions of executable projects.
In other words, EVM makes up the bedrock of Ethereum's complete operating structure. As a single entity, EVM is simultaneously maintained by thousands of interconnected computers (nodes) running an Ethereum client.
What's the Ethereum Merge?
As Ethereum's demand grew, the network's core architecture also started showing signs of congestion, and the average gas fee per transaction rose significantly. Hence, one of the Ethereum blockchain's biggest challenges is its exorbitant gas fees at times of high network congestion. For example, in May 2021, the average cost for a basic transaction on the network was around $71.
Formerly known as Ethereum 2.0, the Ethereum Merge is a multi-year event that gradually moves the Ethereum blockchain from its PoW to the PoS consensus mechanism. While the transition will not instantly solve the high gas fees problem, it will make Ethereum a more environmentally friendly and efficient blockchain network.
In the PoW system, Ethereum miners compete with each other, using expensive computational resources, to add new blocks to the chain and earn ETH rewards in return. In the PoS model, however, they'll no longer need to mine the blocks.
Instead, they'll create and add new blocks when chosen to do so and validate others' blocks when not. To earn the right to become a validator, they must stake 32 ETH with the network. Furthermore, since there will be no competition between validators, they'll no longer require expensive and advanced hardware like mining rigs for the job.
Although the Ethereum team has been planning this transition since 2016, it initiated the process with its PoS Beacon Chain launch on December 1, 2020.
This marked phase zero of a three-phase process that will see Ethereum transitioning from a singular PoW chain to a multi-chain PoS network. Below are these three phases and how they intend to transform Ethereum.
Phase 0 (Beacon Chain)
This involved the launch of Beacon Chain, a PoS blockchain running parallel to the original PoW Ethereum mainnet. In addition, it laid the groundwork for future upgrades to Ethereum. As of writing, over 410,000 validators on Beacon Chain have staked over 13 million.
Phase 1 (The Merge)
Executed on September 15, 2022, The Merge involved merging the Beacon Chain with the existing Ethereum blockchain, entirely replacing the latter's PoW model with the former's PoS system. Post Merge, the original Ethereum blockchain has become the new network's "execution" layer, while the Beacon Chain has become its "Consensus" layer.
Phase 2 (Sharding)
Sharding was supposed to be the second and final phase of the Merge. The plan was to spread the network's load across 64 new shard chains. The current PoW Ethereum chain would have become one of the 64 shards, simplifying the process of running a mining node by reducing the data load. However, this plan was dropped from the roadmap due to the positive impact Layer-2 rollups have had on the network's scalability.
Instead, Ethereum Improvement Proposal (EIP)-4844 — also known as Proto-Danksharding — was introduced on March 13, 2024 as part of the Dencun Upgrade. One of Ethereum's most significant developments to date, the Dencun Upgrade was designed to reduce transaction costs and improve overall data throughput on the network. Proto-Danksharding supports the scalability fixes brought by Ethereum's various Layer-2 solutions, making it an adequate replacement for the shard chains originally proposed for phase two of the Ethereum Merge. Meanwhile, the Dencun Upgrade also brought 'blobs' to the network as an additional solution to Ethereum's scalability limitations. Blobs are large data structures that allow transactions to be settled at Layer-2, streamlining the network's operations and supporting future scalability improvements.
ETH price and tokenomics
In July 2014, the Ethereum Foundation launched the ETH initial coin offering (ICO). During this public sale event, roughly 60 million ETH was distributed to buyers at an initial exchange rate of 2000 ETH to 1 BTC. At the time, the Ethereum price was at approximately $0.31. Ether tokens were distributed to buyers at the genesis block of the Ethereum network.
When the Ethereum mainnet was launched, the initial supply of ETH tokens was approximately 72 million. While most of these tokens were allocated to early supporters, 16.73 percent of the supply was distributed to the Ethereum Foundation.
Since the genesis block of the Ethereum mainnet, roughly 48 million ETH has been added to the supply via token generation. New ETH tokens are generated and distributed to miners via block rewards, making Ethereum an inflationary cryptocurrency. While the EIP-1559 London Hard Fork update introduced some deflationary mechanics, these currently don't entirely offset the Ethereum inflation.
Emissions of Ethereum block rewards have been steadily declining over time. When the network was launched, new Ether was produced at 5 ETH per block. These rewards were given to miners as an incentive for securing the network and validating transactions. In October 2017, as part of the EIP-649 proposal, this emission rate was reduced to 3 ETH per block.
The ETH price reached its all time high of $4,878.26 on November 10, 2021, at the tail end of a bull market. 2022 saw the arrival of a protracted bear market for crypto, which lead the Ethereum price from its all time high down as low as $1,049.23 before the end of June 2022. The Ethreum price recovered but remained volatile into and throughout 2023, until the closing months of the year brought positive sentiment and a fresh bull market, helped by the arrival of a Spot Bitcoin ETF in January 2024. Following the Spot Bitcoin ETF's approval, there was much speculation around the possibility of an imminent Spot Ethereum ETF, which helped fuel an ETH price rise to $3,890 in early March 2024.
About the Spot Ethereum ETF
The possibility of a fully approved spot Ethereum ETF took a major step forward on May 23, 2024 when the U.S. Securities and Exchange Commission (SEC) approved issuers' 19b-4 filings. This development followed a remarkable about-turn in the spot ETH ETF story, as many commentators were bearish on the possibility of approval during 2024. The green light on the 19b-4 filings is by no means the final hurdle. Next, the SEC must approve issuers' S-1 filings before funds can be openly offered to interested traders. It's unclear when this final approval will occur, but many expect the process to take weeks or months.
Interest around a potentially sudden Spot ETH ETF approval brought additional volatility to ETH prices. Before the May 23 decision, the Ethereum price had already rallied by 25% in a 24-hour period during May 2024.
About the founders
The idea of Ethereum was initially described through a whitepaper written by Vitalik Buterin in late 2013, when he was just 19 years old. Before conceptualizing Ethereum, Buterin was an experienced programmer and developer who'd previously founded the Bitcoin Magazine news site.
Buterin believed that blockchain technology could be leveraged to build decentralized protocols and applications free from the control of central bodies. Buterin was an avid player of World of Warcraft, a popular online game. After its creators removed his favorite spell from the game, Vitalik decided that no single entity should have complete control over an application, thus forming the conception of the Ethereum blockchain.
Ethereum was officially announced in Miami, in January 2014, at the North American Bitcoin Conference. A group of eight individuals co-founded the project.
Russian-Canadian Vitalik Buterin was the most significant contributor and remained so. Gavin Wood of Polkadot (DOT) was the first Chief Technology Officer of the Ethereum Foundation. He coded Ethereum's first technical implementation in C++ programming language and created Solidity, the de facto programming language for creating Ethereum smart contracts.
Today, Solidity is considered the essential programming language for Ethereum applications and enjoys widespread usage on other blockchains that operate an EVM. In addition, Wood found his own alternative blockchain network Polkadot, which aims to remedy some of Ethereum's issues.
Another notable co-founder who is known for building other Layer 1 blockchains is Charles Hoskinson. Hoskinson eventually left the Ethereum project due to differences of opinion on the project's direction. However, he founded IOHK with Jeremy Wood, another early Ethereum colleague, and went on to develop the Cardano (ADA) blockchain.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 75K new posts about Ethereum, driven by 32K contributors, and total online engagement reached 31M social interactions. The sentiment score for Ethereum currently stands at 80%. Compared to all cryptocurrencies, post volume for Ethereum currently ranks at 127. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Ethereum.
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Posts
74,799
Contributors
31,744
Interactions
31,151,018
Sentiment
80%
Volume rank
#127
X
Posts
55,834
Interactions
24,469,064
Sentiment
81%
Ethereum FAQ
How much is 1 Ethereum worth today?
Currently, one Ethereum is worth $2,602.59. For answers and insight into Ethereum's price action, you're in the right place. Explore the latest Ethereum charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Ethereum, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Ethereum have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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