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

First Mover Americas: Bitcoin Falls to $60K as Mt. Gox Overhang Looms

The latest price moves in crypto markets in context for July 3, 2024.

BTC price, FMA July 3 2024 (CoinDesk)

Markets

Pre-ETF Ether Options Trend Mirrors BTC Except for One Key Difference

The bullish sentiment in the ether options market is more measured than bitcoin in early January, indicating a low probability of a sell-the-fact event following the debut of ETFs.

(sergeitokmakov/Pixabay)

Markets

First Mover Americas: Bitcoin Bulls Hopeful Entering July as ETFs Record $130M Inflows

The latest price moves in crypto markets in context for July 2, 2024.

BTC price, FMA July 2 2024 (CoinDesk)

Markets

Ether Spot ETFs to See Up to $5B of Net Inflows in First Six Months: Gemini

Ether’s market value relative to bitcoin is close to multiyear lows, and strong inflows into spot ETH ETFs could spark a catch-up trade, the report said.

SEC headquarters in Washington, D.C. (Nikhilesh De/CoinDesk)

Markets

Crypto Spot ETFs Will Have More Influence on Market's Price Action: Canaccord

Ether spot ETFs, once launched, should help broaden institutional appetite for other digital assets, the report said.

Scrabble letters spelling ETF arranged a rack

Markets

First Mover Americas: Bitcoin Relief Rally Stalls at $63K as Crypto Rebound Faces Hurdles

The latest price moves in crypto markets in context for July 1, 2024.

Bitcoin price on July 1 (CoinDesk)

Markets

First Mover Americas: Bitcoin Awaits PCE Inflation Report

The latest price moves in crypto markets in context for June 28, 2024.

BTC's price consolidation. (TradingView/CoinDesk)

Finance

Ether to Hit $6.5K Later This Year Driven by Inflows Into Spot ETFs: Analyst

The crypto market is being overly pessimistic about the imminent launch of spot ether ETFs in the U.S. and net inflows could hit $20 billion in the first year, Steno Research said.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Markets

First Mover Americas: BTC’s Recovery Stalls as Dollar Rallies

The latest price moves in crypto markets in context for June 27, 2024.

BTC's price chart. (CoinDesk)

Markets

Ether Spot ETFs Could See $5B of Net Inflows in the First Five Months: Galaxy

Ether is more price sensitive to ETF inflows than bitcoin due to the large amount of ETH total supply that is locked up, the report said.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)