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.


Markets

Market Wrap: Bitcoin Cracks $12.4K; DeFi Crosses $6B Locked

Bitcoin experienced a big jump Monday as investors continue to drop crypto into DeFi.

CoinDesk 20 Bitcoin Price Index

Markets

Ether's Rally to 25-Month High on DeFi Boom Drives Record Demand for Derivatives

Record open interest in ether derivatives suggests the recent price rally has legs.

skew_eth_futures__aggregated_open_interest 1

Markets

Market Wrap: Bitcoin Bounces to $11.8K as Ether Option Traders Go Bearish

Bitcoin broke through $11,800 Friday while traders are anticipating an ether fall based on the options market.

CoinDesk 20 Bitcoin Price Index

Markets

First Mover: As Wall Street Goes Topsy-Turvy, Crypto Traders Are Bullish as Ever

Crypto traders are enjoying their own version of the market’s madness, from bitcoin’s bull run to the collapse of YAM to Dave Portnoy.

Illustration from "The World Turned Upside Down." (Alamy/Photomosh)

Markets

Market Wrap: Stuck at $11.5K, Bitcoin Surpasses 25K Locked in DeFi

A dull bitcoin market contrasts with increasing use of the cryptocurrency in DeFi applications.

CoinDesk 20 Bitcoin Price Index

Markets

Market Wrap: Bitcoin Rebounds to $11.5K; Ethereum’s Gas Woes Worsen

Bitcoin’s price is bouncing back as Ethereum fees cause problems.

CoinDesk 20 Bitcoin Price Index

Markets

Market Wrap: Bitcoin Stumbles to $11,300; USDC Lending Rates Skyrocket

Bitcoin experienced heavy selling Tuesday, while traders are finding profits in stablecoin borrowing strategies.

CoinDesk 20 Bitcoin Price Index

Markets

Some Traders Now Taking Bets Ether Will Break $1K by December

Some option traders are now betting ether will rise to $1,000 by year’s end.

Floor traders in Chicago. (Shutterstock)

Markets

Market Wrap: Bitcoin Tests $12K; DeFi Debt Outstanding Hits Record

Bitcoin’s back on the price roller coaster and DeFi borrowing is hitting a new high.

CoinDesk 20 Bitcoin Price Index

Markets

Market Wrap: Bitcoin Dips to $11.5K; Cardano Is Making a Big DeFi Move

After testing a $11,900 high bitcoin takes a dip while a DeFi competitor to Ethereum checks off a roadmap box.

Source: CoinDesk 20 Bitcoin Price Index