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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 Asia: Remember ICOs? You Would Have Made a Fortune if You HODLed; Bitcoin Slogs Toward $20K
Investors who purchased a breadbasket of blue chip coin offerings about five years ago would have generated an 819% return, even with the current bear market; most cryptos fell in Tuesday trading.
Investment Firm Cypherpunk Holdings Sells All of Its Bitcoin and Ether
The publicly listed firm has transitioned its treasury to cash amid increased market volatility, but it hasn’t ruled out reinvesting in cryptocurrencies when the market settles down.
First Mover Asia: Chip Maker Nvidia Isn’t an Ether Proxy, Bitcoin Holds Near $21K
Crypto mining aided Nvidia's bottom line, but it hasn't been a major cause of the stock's steep decline. Ether falls but hovers at around $1,200.
First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading, Solana Web3 Phone Faces Long Odds
Ether stays over $1,200; prior blockchain phones have failed because the market has realized their functionalities are already available on apps that can be loaded on any phone.
First Mover Asia: Hong Kong’s OSL Sees Strong Institutional Interest in Crypto, Despite Luna-Induced Volatility; Bitcoin and Ether Surge
Fernando Martinez, OSL's head of Americas, said global, institutional trading volume is higher than it was in 2021, the best year in the crypto exchange’s history. Altcoins have a good day.
First Mover Asia: DeFi’s Resilience During the Market Slowdown; Bitcoin Slumps Near $20K
DeFi apps have avoided any massive on-chain liquidations, surprises or smart contract failures, even as crypto markets have shed value.
First Mover Asia: Bitcoin Holds Steady Over 20K, USDC's ‘Flippening’ of USDT and the Stablecoin Bear Market
Ether and most major altcoins spent much of the day in the green; a crisis in confidence has put pressure on the USDT peg.
Bitcoin Holds Steady Above $21K Amid Stock Gains
Ether is also up over the past 24 hours, although analysts warn that the crypto rally is unlikely to last.
First Mover Asia: A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K
The token is a version of China’s currency designed for offshore use; other cryptos are mixed in light trading.
First Mover Asia: Bitcoin as Digital Gold and Inflation Hedge. Really? BTC Is Under Water, While the Metal You Can Hold Is Breathing Air; Cryptos Rebound Sunday
A Sunday rally had bitcoin perched back over $20K and ether above $1.1K, but the recent Terra and Celsius debacles have increased investor anxiety about the digital assets' ability to maintain those levels.
