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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.
Surging Popularity of Ethereum Staking Keeps Lid on Yields
Over 14 million ether, worth more than $2 billion, are currently deposited on the Ethereum blockchain, data shows. But as the staked pool gets larger, it also lowers the yield.
Market Wrap: Bitcoin Heads for Best Week in 3 Months
The largest cryptocurrency’s push past $20K this week has turned the market more bullish. The outlook hinges on the Federal Reserve’s messaging next week – about its plans for December.
First Mover Americas: Bitcoin Turns South Toward $20K, Huobi Cuts Ties With the HUSD Stablecoin
The latest price moves in crypto markets in context for Oct. 28, 2022.
Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model
The model will simplify DeFi integrations and supposedly allow users to earn above-average ether staking yields.
First Mover Asia: Scams on Binance's BNB Chain Highlight Weaknesses in Quality Control; Bitcoin Sags
A Solidus Labs report showed that Binance’s BNB Chain leads in volume of scams.
Market Wrap: Bitcoin Holding Steady Over $20K, Ether Is Flat, Dogecoin Soars
A surprisingly strong GDP report did little to ease investor concerns about inflation and the possibility of a steep recession.
First Mover Americas: It's a DOGE Day as Elon Musk Close to Completing Twitter Deal
The latest price moves in crypto markets in context for Oct. 27, 2022.
First Mover Asia: Crypto Traders Are Betting on World Cup-Themed Tokens. What’s Driving the Interest?
Some of the tokens have soared in recent days, although they are not licensed or have an affiliation with World Cup teams. An analyst says they “have little to no intrinsic value.” Bitcoin surges again.
Market Wrap: Bitcoin Continues Its Upturn, Rests Comfortably Over $20.7K
BTC, ether and other major cryptos surge with stocks following upbeat earnings from a number of big brands.
Crypto Markets Post Largest Short Liquidations Since July 2021
Crypto markets had over $700 million in liquidations on short trades, or bets against price rises, reaching levels not seen since July 2021. This comes as ether (ETH) leads token surge, up more than 10% in the past 24 hours. "The Hash" panel discusses the latest movements in crypto and what it suggests about the crypto markets.
