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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.
Market Wrap: Bitcoin Rises Slightly Along With Stocks
U.S. equity indexes snapped a three-day losing streak on Wednesday, dragging along crypto assets.
First Mover Americas: Ether Outperforms Bitcoin; CME BTC Futures Hit a Huge Discount to Spot Prices
The latest price moves in crypto markets in context for Aug. 24, 2022.
Anomalous Ether Futures Pricing Condition Is Likely to Revert After the Merge
"The current state of backwardation reflects the general market view that ETH will fall following the Merge, but this could be short-lived," one observer said.
First Mover Asia: Bitcoin Trades Sideways, Investors Await Any Fed Interest Rate Signals; IMF Sees Growing Link Between Crypto and Asian Stocks
Bitcoin and ether were roughly flat over the past 24 hours.
Market Wrap: Crypto Assets Rise Following Soft Home Sales in July
Traditional traders have returned to pricing in a 50 basis point interest rate hike for the Federal Reserve’s September meeting thanks to the economic data.
First Mover Americas: Crypto Market Cap Falls Below $1 Trillion as Momentum Fades
The latest price moves in crypto markets in context for Aug. 23, 2022.
First Mover Asia: Crypto Sell-Off Due to Fed Hawkishness, Possible Jump Dump of ETH, Says QCP Capital; Cryptos Decline Slightly in Monday Trading
Crypto asset trading firm QCP Capital will be eyeing remarks later this week by U.S. central bank Chair Jerome Powell for their potential effect on digital asset markets.
Ethereum Merge Drama Continues as Traders Pile Out, Then Back In
Ethereum regained investor support on Monday after slumping in recent days.
Market Wrap: Bitcoin Price Falls as Markets Await Fed Chair Powell’s Comments
Most risk assets are in a holding pattern ahead of the Federal Reserve Economic Symposium, where Jerome Powell will speak later this week.
Crypto Volatility Returns; Big Names Investing in Blockchain
Bitcoin and ether hit by inflation concerns. Number of USDC exchange deposits hits 16-month low. Top names invest $6 billion in blockchain despite market wobbles. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”