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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.
First Mover Americas: No Recession for Bitcoin as U.S. GDP Shrinks, Zipmex Files for Bankruptcy
The latest price moves in crypto markets in context for July 28, 2022.
Interest in Ether Options Rises to Record as Traders Bet on 'Merge'
"A few hedge fund names have been large buyers of the ETH calls," one trading firm noted.
Ether Dominates Futures Trading as Shorts See $200M in Liquidations
Crypto markets jumped after the U.S. Federal Reserve’s decision to hike rates by 75 basis points. The move caught short traders by surprise.
First Mover Asia: Crypto Companies Struggle With Layoffs, but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike
The bear market has forced multiple organizations to cut their workforces, hurting morale and weakening the companies.
Market Wrap: Crypto Markets Trade Higher as Fed Raises Rates by Expected Amount
Investors had already largely priced in the U.S. central bank’s 75-basis point hike.
First Mover Americas: Crypto Traders Await Fed Meeting, Bitcoin Rises, Cathie Wood's Ark Dumps Coinbase Shares
The latest price moves in crypto markets in context for July 27, 2022.
First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles
Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls.
Market Wrap: Bitcoin Declines Further as Momentum Wanes
BTC is approaching support at about $20.5K; the options market implies concerns of additional price declines.
Coinbase's 20% Decline Leads Crypto Names Lower Following Report of SEC Probe
Bitcoin is lower by 3% on Tuesday, with ether and Solana's SOL down by about 7%.
Ether Chart Outlook Sours as Price Drops Below $1.4K; Fed Angst Weighs
An anticipated interest rate hike seems to be overshadowing Merge optimism.
