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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.
Crypto Funds Suffer 6th Week of Outflows Despite Bitcoin Rally
The outflow was partly because of low investor participation due to seasonal effects, also seen in other asset classes.
Crypto Total Market Cap Tops $2 Trillion for First Time Since May
Alexander Blum, a managing partner at investment firm Two Prime, discusses his analysis and positive outlook for bitcoin and ether as the total market value for cryptocurrencies is back over the $2 trillion mark. Plus, his take on institutional buying and the potential impact of the Afghanistan crisis on the crypto markets.
Cryptocurrency Market Tops $2T for First Time Since May
Bitcoin is joined by ether and cardano, which have surged 11% and 53% in the last seven days respectively.
Singapore Crypto Owners Are More Likely to Hold Ether Than Bitcoin
More than a third of Singaporeans who don't hold any cryptocurrencies plan to invest in digital assets in the next year.
Ether Upside Strengthens Relative to Bitcoin
The ETH/BTC ratio is holding support above 0.05 and could face initial resistance near 0.08.
Market Wrap: Bitcoin Slides as US Lawmakers Wrangle Over Crypto Tax Proposal
Analysts said the market doesn't have much of an appetite now for bitcoin above $46,000 or for a massive selloff.
Delta Exchange to Simplify Bitcoin Options Trading With Automated Product
Delta said its "Enhanced Yield Product" allows users to avoid high-risk scenarios without the need to learn complex options strategies.
Coinbase Posts $1.9B in Q2 Transaction Revenue, Beating Estimates
Coinbase posted $1.9 billion in transaction revenue in the second quarter of 2021, surpassing analyst estimates for $1.57 billion in its second-ever earnings report as a public company. The crypto exchange also noted ether was traded more than bitcoin in Q2 for the first time. CoinDesk's Nate DiCamillo digs into the report and reveals about the outlook for Coinbase and the wider industry. Plus, his insights into the latest Consumer Price Index (CPI) numbers.
Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies
Bitcoin and ether are soaring, but some crypto traders speculate the next hot market bet: digital assets associated with visions of a decentralized Internet or Web 3.0 tokens. Vanessa Grellet, Head of Portfolio Growth at investment firm CoinFund, explains what Web 3.0 tokens are and why she believes “this is looking like the future.”
Market Wrap: Bitcoin Slips as Infrastructure Bill With Crypto Tax Provision Heads to House
Bitcoin pulled back as traders digest regulatory developments in the U.S.
