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.

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First Mover Americas: Bitcoin Drops After CPI Data Comes In Hotter Than Expected

The latest price moves in crypto markets in context for July 13, 2022.

Door Lyllah Ledesma13 jul 2022

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First Mover Asia: There's No Universally Accepted Way to Value Three Arrows' NFTs

CoinDesk's Sam Reynolds examines alternate methodologies for valuing the beleaguered crypto hedge fund's NFT collection. Bitcoin slides for a straight fifth day, and doubts are forming over whether the market has hit a bottom.

Door Bradley Keoun, Sam Reynolds13 jul 2022

Starry Night is the name of Three Arrows Capital's NFT collection. (Unsplash)

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Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet

The liquidity-stricken crypto lender fully paid off its debt to the decentralized finance protocol, freeing $26 million in tokens as part of its latest debt restructuring maneuver.

Door Krisztian Sandor12 jul 2022

Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)

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Market Wrap: Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure

Also, some analysts believe bitcoin’s recent dips show the price level is not as critical anymore.

Door Jimmy He12 jul 2022

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Celsius Reclaims $410M of 'stETH' Tokens After Paying Down $81M Debt to Aave

The embattled crypto lender Celsius is inching closer to fully paying off its loans from decentralized finance protocols, reducing its outstanding debt to $59 million.

Door Krisztian Sandor12 jul 2022

Alex Mashinsky, founder and CEO of Celsius Network, at Consensus 2019 (CoinDesk)

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First Mover Americas: Bitcoin Below $20K and BTC's Inverse Correlation With Inflation-Adjusted Bond Yield Hits Record High

The latest price moves in crypto markets in context for July 12, 2022.

Door Lyllah Ledesma12 jul 2022

Bitcoin and the U.S. real bond yield are increasingly moving in opposite directions. (Alice Yamamura/Unsplash)

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First Mover Asia: Does Anyone Care Anymore if Bitcoin Dips Below $20K?

The more blasé crypto analysts become about a bitcoin price in the $10,000s, the more it seems like the bottom is in. Plus: The euro on Monday approached parity with the U.S. dollar.

Door Bradley Keoun, Shaurya Malwa, Sam Reynolds12 jul 2022

Bitcoin's price action over the past 24 hours. (CoinDesk)

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First Mover Americas: Bitcoin Struggles to Hold $20.5K and Twitter Shares Dip 6%

The latest moves in crypto markets in context for July 11, 2022.

Door Lyllah Ledesma11 jul 2022

Bitcoin was struggling early Monday. (Pixabay)

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First Mover Asia: Bitcoin Slides; Mixed Crypto Legacy in Hong Kong for the FCA's Incoming CEO

Bitcoin slides for third day, heads back down toward $20K.

Door Sam Reynolds, Bradley Keoun, Greg Ahlstrand11 jul 2022

Inflation will be in focus this week. (Jeffrey Coolidge/Getty Images)

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First Mover Americas: Bitcoin’s Bear Cross Is Bullish and a Big June Jobs Beat

The latest moves in crypto markets in context for July 8, 2022.

Door Lyllah Ledesma8 jul 2022

U.S. payrolls expanded more than expected in June. (Catherine McQueen/Getty images)