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

Bitcoin Holds Above $40K After Fed Hike, Avalanche’s AVAX Leads Gains Among Crypto Majors

Cease-fire talks could reverse a bearish trend, one analyst said.

Goldman Sachs' U.S. Financial Conditions Index (Cheap Convexity, Bloomberg)

Markets

First Mover Asia: India Crypto Investors Await Taxation Clarity; Bitcoin Rises on a Day of Big Price Swings

India's crypto community is hoping to convince lawmakers to scale back a crypto taxation bill; bitcoin soared above $41,000.

Parliament House in New Delhi, India (Unsplash)

Markets

Market Wrap: Cryptos Recover From Drop After Fed Rate Hike; Expect Higher Volatility

Altcoins outperformed BTC over the past 24 hours, suggesting a greater appetite for risk among crypto traders.

Bitcoin 24-hour price chart (CoinDesk)

Tech

Ethereum Merge Takes Place on Kiln Testnet

Kiln is the final public testnet before Ethereum’s transition to a proof-of-stake network.

Ethereum digital currency (Getty Images)

Markets

First Mover Asia: China Equities Woes, Tensions With US Have Barely Touched Bitcoin; Cryptos Climb

Hong Kong's Hang Seng market has suffered through some of its worst days in more than a decade but that has not seemed to affect bitcoin's price much; cryptos rose slightly amid wait for Fed interest rate decision.

Hong Kong's Exchange Square, home of the Hong Kong Exchange (See-ming Lee/Flickr)

Markets

Market Wrap: Bitcoin and Stocks Stabilize Ahead of Fed Announcement

BTC was up 2% over the past 24 hours, compared with a 5% gain in ETH and a 20% rally in GRT.

Markets stabilize (Shutterstock)

Markets

First Mover Asia: A Taipei Executive Believes GameFi Can Fix Gaming’s Creative Drought; Bitcoin, Ether Are Flat in Light Trading

See Wan Toong, the CTO of Red Door Digital, a Taipei-based studio building out Web 3 games, believes games can be creative and lucrative; major cryptos were mixed with prices of some rising slightly and others falling.

View of the Taipei Skyline with Taipei 101 at night

Markets

Market Wrap: Cryptos Decline After Rejection of EU Bitcoin Proposal

BTC trading volume is low as investors position themselves for a busy week.

A controversial proposed ban on proof-of-work crypto in the EU is off the table for now. (Walter Zerla/Getty)

Finance

Crypto Funds See Their First Outflows in 7 Weeks: CoinShares

Both bitcoin and ether vehicles saw a sizable exit of money, according to the report.

(Mike Kemp/Getty images)

Markets

Bitcoin Below $39K After EU Vote on Crypto Regulation

The cryptocurrency was little changed Monday and is up 2% over the past week.

Bitcoin was little changed Monday and is up 2% for the day.