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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.
Ether ETFs Saw Biggest Outflows Since July
Ether ETFs saw their largest net outflows since July, with over $79 million exiting on Monday. The outflows come mostly from Grayscale’s Ethereum Trust, which bled over $80 million according to data from SoSoValue. The outflows came despite the recent rally in ether and the broader crypto market following the Fed rate cut, a sign of waning institutional demand for the world’s second-largest token. CoinDesk's Christine Lee presents the "Chart of the Day."
First Mover Americas: Bitcoin Little Changed in Face of PBOC Rate Cut
The latest price moves in crypto markets in context for Sept. 24, 2024.
First Mover Americas: BTC, ETH Rise in Muted Trading to Start the Week
The latest price moves in crypto markets in context for Sept. 23, 2024.
Ether Outperforms Bitcoin as Token 2049 Concludes, Overall Crypto Market Stays Flat
The CoinDesk 20 is beginning the week flat.
Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate
The market cap of altcoins rose 5.7% after the central bank announced it would lower interest rates by 50 basis points. Bitcoin’s market cap rose only 4.4%.
First Mover Americas: Bitcoin Tests $64K as BoJ Pauses Rate Hikes
The latest price moves in crypto markets in context for Sept. 20, 2024.
Ether Is Going to Shine Again, Steno Research Says
The recent Federal Reserve interest cut will fuel increased onchain activity, and this will strongly benefit the Ethereum blockchain, the report said.
Ethereum Developers Confirm Plan to Split 'Pectra' Upgrade In Two
The decision to split up the upgrade wasn't unexpected. Developers had discussed that Pectra was becoming too ambitious to ship all at once, floating the idea of splitting it up to minimize the risk of finding bugs in the code.
First Mover Americas: Bitcoin Rises Above $62K After Fed Cuts Rate
The latest price moves in crypto markets in context for Sept. 19 2024.
Commerzbank to Offer Bitcoin, Ether Trading Through Crypto Finance
The service will be offered to existing Commerzbank corporate clients in Germany, and will start with bitcoin and ether trading.
