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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’s Daily Issuance Drops Below Bitcoin, IntoTheBlock Says
Ether’s net daily issuance is less than bitcoin’s for the first time on record.
Budweiser Getting Frothy on NFTs
Budweiser USA has changed its Twitter profile picture to a rocket designed by non-fungible token (NFT) platform Rocket Factory, which was bought for 8 ETH (US$25,000).
Ethereum’s Most Popular Software Client Issues Hotfix to High Severity Bug
Ethereum’s most popular software client, Geth, has issued a hotfix to a high-severity security issue in its code, encouraging users to upgrade immediately to the latest version. CoinDesk's Christine Kim breaks down the release and the implications for the Ethereum blockchain. Plus, insights into the developments and impact of the highly anticipated London hard fork upgrade nearly three weeks after its launch.
Ethereum 2.0 Staking Contract Now Holds the Most Ether: $21.3B
“It just shows that staking on Eth 2.0 is incredibly popular,” said Ben Edgington, lead product owner at ConsenSys.
Market Wrap: Bitcoin Trades Sideways as Institutional Demand Expected to Rise
Bitcoin and other cryptocurrencies are consolidating near recent highs.
VanEck Adds to ETF Applications With Ether Futures Filing
The Ethereum Strategy ETF would invest in ETH futures contracts and an array of other indirect ether products.
Bitcoin Price Rebounds After Testing Lower Support Near $44K as Ether Booms
Bitcoin continues to cool on multiple attempts at $50,000, though that may be less of a concern given demand from bigger players.
Market Wrap: Bitcoin Buyers Could Take Profits as Volume Declines
Some analysts are optimistic about the long-term recovery in crypto prices, although the pace of the upside will likely slow over the short term.
Market Wrap: Bitcoin Rally Expected to Pause
Analysts expect traders to take a breather after the crypto's recent rally.
