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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.
Derivatives Data Shows Softening Crypto Enthusiasm
The wind seems to be out of crypto’s sails for now.
North Korean Hackers Stole $400M in 2021, Mostly in Ether
For the first time, DeFi mixers were the biggest money-laundering tool for North Korean hackers.
Crypto Options Market Starting to Have Material Impact on Spot Market: QCP Capital
The Singapore-based crypto fund wrote in a Telegram note that the newfound strength of the crypto options market prevented bitcoin from bottoming out below $40,000.
First Mover Asia: Crypto Prices Rise on Better-Than-Expected US Inflation News
The consumer price index rose 7%, but many investors anticipated a steeper increase; bitcoin and ether prices notched solid gains during the U.S. trading day.
First Mover Asia: Bitcoin, Altcoins Climb Following Fed Reserve Chief's Inflation Reassurances
The head of the U.S. central bank told the Senate Banking Committee the Fed would continue its tactics to combat rising inflation.
First Mover Asia: Bitcoin Below $40K Before Regaining Ground; Altcoins Fall
The declines followed U.S. stock exchange losses as investors anticipate continued hawkishness by the U.S. Federal Reserve.
First Mover Asia: Bitcoin, Altcoins Rebound Amid Light Trading
Bitcoin topped $42,500 on Sunday after reaching its lowest mark since late September the day before; ether reaches over $3,200.
2021: The Year of the Alts
The market has decided that it likes bitcoin more than it did a year ago – but it really, really likes ether and its layer 1 rivals.
First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention
ONE, FTM, ATOM and NEAR quickly turned green despite Wednesday’s broader market sell-off.
ETH Price More Strongly Linked to BTC Than Ever
A chart featured in the 2021 CoinDesk Annual Review illustrates the 90-day return for bitcoin, ether, and macro assets. In this Chart of the Day report, Galen Moore reflects on bitcoin’s relationship with broader financial markets and ether’s dependence on the BTC price.
