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.


Markets

Crypto Derivatives Traders Bet on Ether Staking Yields Doubling to 8% Post-Merge

Ether's price has surged recently in anticipation of the Merge, and the higher yields foreseen by derivatives traders would further enrich the ecosystem.

Traders use Voltz Protocol's interest rate swaps to bet on an expected rise in ether staking yields. No arm wrestling required. (RyanMcGuire/Pixabay, modified by CoinDesk)

Markets

First Mover Asia: Bitcoin and Ether Fall; Angry That Hodlnaut Has Frozen Your Funds? Too Bad, It’s in the Terms and Conditions

The Singapore-based crypto savings platform angered users with its decision, but the law may be on the company's side if a complaint ever makes it to court.

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Markets

Market Wrap: BTC Not Quite Ready to Stay Above $25K

Bitcoin cracked the psychologically important threshold overnight, but retraced in U.S. trading hours.

BTC temporarily cracked $25K before retreating. (Ivan Vranić/Unsplash)

Finance

Brazil’s Largest Brokerage, XP, Launches Bitcoin, Ether Trading

The company, which has 3.6 million customers, hopes to reach 200,000 active crypto users by the end of 2022.

Bandera de Brasil. (Mateus Campos Felipe/Unsplash)

Markets

First Mover Asia: Bitcoin Tests $25K Before Retreating; S. Korea Play-to-Earn Ban Unlikely to End Soon

The South Korean government has yet to show any sign of wanting to change current laws, said attendees at Korea Blockchain Week; ether falls.

(Getty Images)

Markets

Market Wrap: Bitcoin Price Finishes Higher for Third Consecutive Week

The largest cryptocurrency by market capitalization has responded favorably to improved economic indicators.

BTC prices continue higher as the week comes to a close. (CoinDesk and Highcharts.com)

Markets

First Mover Asia: Solana Market Shrugs Off TVL Fakery With Price Rebound; Ether Climbs on Merge Anticipation

The SOL token has climbed over the past week, despite a scheme by developers that artificially boosted the value of Saber and the Solana blockchain.

(Danny Nelson for CoinDesk)