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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.
Ether, Solana Trade at Premium on FTX – Here Is (Probably) Why
The premium stems from users with trapped assets on FTX putting their money into major tokens in hopes of receiving some recovery value, one observer said.
First Mover Asia: Crypto Exchange BitMEX Publishes Proof of Reserves Ahead of Friday’s BMEX Listing; Bitcoin Rebounds After Dropping Below $16K
On Wednesday, Binance, Gate.io, KuCoin and Huobi were among the exchanges that said they would publish Merkle tree reserve certificates. Their announcements came amid the mounting crisis involving FTX.
Market Wrap: Bitcoin, Other Cryptos Continue to Plummet
Crypto prices whipsawed following the announcement that Binance would be purchasing one of its largest rivals, and then said it won't.
Bitcoin Tumbles Following FTX’s Liquidity Crisis
Bitcoin (BTC) dipped 10% and ether (ETH) 17% in the past 24 hours as traders reacted to speculations around prominent exchange FTX’s liquidity issues. Defiance ETFs CEO, CIO, and co-founder Sylvia Jablonski discusses her outlook on the tumbling market.
First Mover Americas: FTX Fallout Heats Up
The latest price moves in crypto markets in context for Nov. 9, 2022.
'Long' Crypto Traders Take on $700M in Losses as Markets Falls on FTX Contagion Fears
Crypto market capitalization fell 8.8% in the past 24 hours, data shows.
First Mover Asia: Prediction Markets Split if Binance Will Pull Out of FTX Deal; Bitcoin Drops 11%
Investors on Polymarket think there’s a 45% chance that Binance will pull out of the FTX deal and a 55% chance the deal goes through.
Market Wrap: Binance/FTX Deal Sends Bitcoin, Other Cryptos Spiraling
Crypto prices whipsawed following the announcement that Binance would be purchasing one of its largest rivals.
Bitcoin, Ether Slide as Protective Puts Draw Demand Amid Sell-Off in FTX's Token
Options market tied to bitcoin and ether shows renewed bias for puts, perhaps a sign of investor fears the FTX-Alameda drama may bring another market-wide crash.
First Mover Asia: A Good Week for Exchange Tokens, Except FTT; Solana Continues Falling
During the past week, a number of exchange tokens have outperformed bitcoin, including OKX and CRO. FTT is not among them.
