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Ether
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.
Bitcoin Clings to $16K Ahead of Fed Minutes
Bitcoin was steady, around $16,300, as traders anticipated the release of the Federal Reserve meeting minutes later Wednesday.
Bitcoin Holds Firm Over $16K After Dipping to 2-Year Low This Week
Bitcoin (BTC) is regaining its footing above $16,000 after dipping to a two-year low earlier in the week. Fairlead Strategies founder and Managing Partner Katie Stockton discusses her outlook for BTC and whether it could outperform ether (ETH) in the near future.
First Mover Asia: Bitcoin Holds Firm Over $16K After Tracking Stocks Upward
ALSO: James Rubin writes that Changpeng Zhao and Elon Musk, among others, have spoken freely when discussing the fallout from crypto's rapidly expanding crises and the individuals behind them. But they haven't always been consistent.
Market Wrap: FTX Was Sam Bankman-Fried’s 'Personal Fiefdom,' Lawyers Said
The CoinDesk Market Index, bitcoin and ether were all in the green.
Bitcoin Regains $16K, But Analysts Are Still Bearish
The cryptocurrency has rebounded after it hit a two-year low in the past 24 hours, although one analyst said $12,500 is possible by year end.
Bitcoin to Outperform Ether in Coming Months, Chart Analyst Says
The bitcoin-ether ratio has topped its 50-day moving average, confirming a bullish breakout.
First Mover Asia: Bitcoin Falls to 2-Year Low on Renewed Contagion Fears
ALSO: Singapore's central bank is under scrutiny over whether Sam Bankman-Fried's FTX exchange received favorable regulatory treatment, Sam Reynolds writes.
Market Wrap: Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence
Coinbase and MicroStrategy bonds tanked, crypto markets plunged and the FTX exploiter moved a total of 180,000 ether.
FTX Blowup Helped Enrich the Ethereum Validators Who Run the Blockchain
They saw a surge in MEV, or profits from optimizing the order of transactions, surge amid crypto chaos early this month.
FTX Exploiter Starts Converting Millions in Ether to Alameda-Linked Ren Bitcoin Tokens
The culprit behind the $600 million exploit of crypto exchange FTX started exchanging millions of dollars worth of ether (ETH) to ren bitcoin (renBTC), a token that represents bitcoin on other blockchains. "The Hash" panel discusses the latest on the FTX collapse and who could possibly be responsible for the exploit.
