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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.
FTX Accounts Drainer Swaps Millions in Stolen Crypto, Becomes 35th-Largest Ether Holder
The funds were converted to DAI stablecoins and bridged to the Ethereum network.
First Mover Asia: Bitcoin, Ether Rise Late Despite FTX Fatigue
ALSO: Sam Reynolds considers the advantages of licensed custodians as the crypto industry wrestles with the fallout from crypto exchange FTX's implosion.
Sam Bankman-Fried’s Unceremonious Exit Leaves ‘Alameda Gap’ in Crypto Markets
The fall of a big player in the crypto trading sector has created a domino effect: lack of liquidity, according to a new report from Kaiko.
Market Wrap: Bitcoin Holds Steady Through FTX Gloom
Most other major cryptos were trading in the green, albeit barely so.
First Mover Asia: Extreme Fear Hits Crypto as FTX Hack Makes Bad Situation Worse. What Comes Next?
ALSO: Sam Reynolds takes a fresh look at the U.S. Securities and Exchange Commission's case against Ripple, where a 2018 SEC official’s speech notes may prove crucial.
Market Wrap: Bitcoin Returns to Red, Tumbling 7% on FTX Collapse
Other cryptos also fell as investors digested the latest developments in the crypto exchange giant’s unraveling.
Crypto-Linked Stocks Tumble After FTX Files for Bankruptcy
Bitcoin and ether both fell about 6% following the Chapter 11 filing Friday morning.
Ether Turns Deflationary as Amount of ETH Burned Spikes Amid FTX-Induced Market Volatility
Ether's net supply increase has turned negative for the first time since Merge.
First Mover Asia: Possible Legal Filings Could Clarify FTX’s Relationship to Alameda; Bitcoin Hovers Near $17K
Possible legal filings could show how intertwined FTX and its sister company were, even as CEO Sam Bankman-Fried follows through on his promise to shutter Alameda.
Market Wrap: Cryptos Recover Slightly From FTX Fatigue With a Dose of Encouraging Inflation Data
Bitcoin, ether and other major altcoins regained lost ground amid fallout from the crypto exchange’s unraveling after an unexpected decline in the consumer price index.
