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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.
10M Ether Now Locked on Eth 2.0 Staking Contract
The landmark figure represents over $26 billion worth of the asset at current prices.
First Mover Asia: India Loses Foreign Investment, Chinese Indices Continue a Downward Trend; Cryptos Suffer an Off Day
The world's second-largest country by population has watched foreign investors flee for the last two weeks; bitcoin settles below $40,000.
First Mover Asia: Signs Point Upward for Crypto in India and South Korea; Bitcoin and Ether Soar on US Executive Order
India's finance minister says the country will launch a central bank digital currency sooner than she'd previously indicated; cryptos rise as investors view the Biden administration's executive order as a positive development.
Profit Booking in Bitcoin, Ether After Biden Issues Crypto Order
Bitcoin gained and lost $200 in the minutes after a much-awaited order was issued in the U.S.
First Mover Asia: Singapore's Strict Approach to Crypto; Bitcoin Rises Despite Investors' Jitters About War, US Executive Order
Singapore's high standards may be discouraging some crypto companies from establishing operations in the city-state; investors were wrestling with the latest developments in Ukraine and await the crypto order by U.S. President Joe Biden on Wednesday.
Large Ether Options Flow Guards Against Price Slide Below $2.2K
Sophisticated traders bought put options to protect against a continued ether price drop, one observer said.
First Mover Asia: Malaysia May Be Asia's Next Crypto Hub; Major Cryptos Decline as Russia Onslaught Intensifies
The country, where CoinGecko was founded, retains the institutional use of English as well as a common-law court system; bitcoin declined for the third day.
Market Wrap: Bitcoin Dips; Trading Range Could Result in Sharp Price Swings
Analysts expect two or three months of price stabilization before a recovery. Others expect greater volatility.
Crypto-Fund Inflows Tripled Last Week to Highest in Almost Three Months
A net $127 million went into digital-asset funds during the week ended March 4, with minor outflows in Europe and large inflows in the Americas.
It’s Complicated: The Relationship Between Crypto and NFTs
Is there any correlation between the NFT and crypto markets? Bybit’s lead tech writer looks at some of the theories.
