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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 Suffers Record-Setting 33% Drop Amid Global Market Turmoil
Ether fell from $197 to $132 in early morning trading Thursday.
Yields of 25% to 42% Lure Lenders Back to DeFi Platform bZx
Lenders and depositors are coming back to bZx, as the decentralized protocol for margin trading offers significantly higher yields on ether deposits compared to its peers.
Bitcoin Price Falls After One-Hour Volume Spike
An hour of high volume trading on Tuesday resulted in bitcoin trading lower, giving back nearly half of the previous day’s gains.
Ether Futures Volume on FTX Hit Record Highs
Antigua-based crypto derivatives exchange FTX saw record volumes in ether futures on Wednesday amid a sell-off in the cryptocurrency’s price.
The 3 Factors Fueling Ether’s 2020 Rally
Several factors could explain ether’s spectacular gains and determine whether they will continue.
Ether Futures Volume Highest Since June 2019
As ether’s price rose to seven-month highs on Wednesday, the aggregate daily volume in ether futures exceeded $4.5 billion for the first time since June 27, 2019.
Options Market Sees More Risk in Ether Than Bitcoin in Coming Months
Ether will face more volatility than bitcoin over the next six months, according to how options have been priced in recent weeks.
Bitcoin Breaks Above $10,000 in Spot Market
For the first time in three months, bitcoin’s price is being quoted in five digits to the left of the decimal.
Ethereum Miners' ETH Holdings Near Record Highs
Ethereum miners are hoarding ether tokens, and this could indicate high confidence in the project.
BlockFi Adjusts Interest Rates to Lure Larger Crypto Deposits
BlockFi recently announced it would make changes to the interest they pay for bitcoin and ether deposits.
