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.


Videos

Bitcoin Compared to Ether, Solana and Doge

2022’s first Chart of the Day analyzes the movement of decentralized finance (DeFi) assets over the last seven days, looking closely at BTC, ETH, SOL, and DOGE compared to the CoinDesk DeFi Index (DFX). DeFi assets in the DFX started the new year off with a rally opposed to cryptocurrencies.

CoinDesk placeholder image

Markets

First Mover Asia: Bitcoin Rides $46K-$48K Weekend Tide After ‘Crypto Witching Day’

The oldest cryptocurrency experienced a small price recovery on Saturday, before it fell into the red again on Sunday. Roughly $8.67 billion worth of bitcoin and ether options contracts expired on Friday.

(Getty Images)

Markets

Here Are the Top 10 Cryptocurrencies of 2021

Tokens linked to the metaverse, “Ethereum killers” and meme coins dominated gains this year.

(The Sandbox)

Markets

Cryptocurrencies Approach New Year in Positive Mood

Bitcoin advanced to its highest price in three days, though all of the biggest cryptocurrencies are negative for the week.

(Pexels/Pixabay)

Markets

First Mover Asia: Bitcoin Sees Out the Year Near $47K Amid Low Volume Spot Trading

Technical analysis supports a “buy” signal after bitcoin logged three straight days of losses this week.

(Shutterstock)

Videos

2021: A Remarkable Year in Bitcoin and Crypto Markets

Bitcoin hitting new all-time highs on the approval of the first bitcoin futures ETF in the U.S., institutional investors diversifying their investments into ether, alternative layer 1’s reaching new market caps, and, of course, dog-themed tokens making millionaires. 2021 was a busy year for the entire crypto market.

CoinDesk placeholder image

Markets

First Mover Asia: Bitcoin Trades Near $47K on Low Volume During Year-End Holidays

The center of the market is still at the expiry of the options contract on Dec. 31.

(Photo by Robert Alexander/Getty Images)

Markets

First Mover Asia: Bitcoin Slumps to Below $48K Ahead of $6B Options Expiry

A total of 129,800 option contracts worth more than $6 billion are set to expire on Friday; ether’s price plummets.

brown bear (Fabe collage, Unsplash)

Markets

Crypto Futures See $300M in Losses After Spot Market Drops

Nearly 80% of long positions were liquidated over 24 hours, with $90 million in losses on bitcoin futures alone.

faucet, drip

Markets

First Mover Asia: Bitcoin Continues Its Low-Volume Rally Before Tapering Off

The sovereign supply of bitcoin – total coins held outside of exchange reserves – hit an all-time high, blockchain data firm Glassnode reported; ether falls slightly.

(Getty Images)