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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.
First Mover Asia: Dogecoin Surges 16% to Continue Its Holiday Cheer
The popular meme coin's upswing during U.S. Thanksgiving holiday celebrations, which started Thursday, was an exception in crypto markets as bitcoin and most other major tokens traded sideways.
First Mover Asia: Bitcoin Stays Calm at $16.5K
Jocelyn Yang writes about the domino effect caused by the the downfall of FTX.
Ethereum Developers Agree on What Could Be Included in the Next Upgrade – but Not When
Staked ETH withdrawals made the cut – but the timeline for when that will happen still isn't any clearer.
No Letup in Demand for Bitcoin, Ether Puts After Dovish Fed Minutes
Puts tied to BTC and ETH continued to draw demand as FTX contagion fears outweighed the dovish tone from the Fed.
First Mover Asia: Cryptos Fly Higher as US Turkey Day Holiday Approaches
The CEO of crypto lending and borrowing platform Hexn.io believes recent crypto debacles will leave the industry stronger by weeding out weaker companies and fostering stronger regulatory efforts.
Market Wrap: Who Transferred 10K Bitcoin From Wallet Linked to the Failed BTC-e Exchange?
Bitcoin stayed above $16K after the Fed minutes were released and Genesis Global Capital confirmed hiring investment bank Moelis.
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.
