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

Ether Supply on Centralized Exchanges Hits 9-Year Low

The number of ether held in wallets tied to centralized exchanges has dropped to the lowest since November 2015.

FastNews (CoinDesk)

Markets

Bitcoin Sinks Amid Profit-Taking After FOMC Rally, but $100K Probability Rises

Traders cautioned that Thursday’s moves would be a relief rally, with the $80,000 support level one to watch for.

Sinking boat. (Unsplash)

Markets

Bitcoin Options Flip Bullish After Powell's Transitory Inflation Remark, Ether Still Lags in Sentiment

The Fed retained forecast for two rate cuts Wednesday, with Powell calling the inflationary impact of Trump's tariffs transitory.

Crypto market breadth improves. (ArtTower/Pixabay)

Markets

Bitcoin, Ether, Solana Likely to See 3%- 5% Price Swings on FOMC Rate Decision, Volmex's Data Suggests

These figures might be scary for equity or currency traders but do not represent a major deviation from the normal in the crypto market.

(AbelEscobar/Pixabay)

Markets

Ether Jumps 7% as Bitcoin Traders Watch $80K Support Ahead of FOMC

Meanwhile, gold broke above $3,000 to new highs earlier Wednesday, leading to some eyeing an inverse correlation of the yellow metal with bitcoin.

Close-up of the head of a statue of a bull (cjweaver13/Pixabay)

Markets

Ether in Structural Decline, Year-End Price Target Slashed to $4K: Standard Chartered

Layer 2 blockchains were meant to improve scalability on the Ethereum network, but Coinbase's Base has reduced ether's market cap by $50 billion, the report said.

Standard Chartered. (Shutterstock)

Markets

Ether Sees Record Active Selling Over 3 Months: CryptoQuant

Ethereum has faced record active selling over the past 3 months, per a CryptoQuant report.

ETH: Net Taker Volume (CryptoQuant)

Markets

Crypto Rally Doesn't Hold After Soft Inflation Data

Bitcoin managed a knee-jerk move above $84,000 after the U.S. CPI report, but returned to roughly flat for the day.

Calm waters. (Credit: Atte Grönlund, Unsplash)

Finance

Lukka and CoinDesk Indices to Offer Composite Ether Staking Rate

The CESR captures the mean annualized staking rate earned by Ethereum validators.

CESR (CoinDesk Indices)

Markets

Hyperliquid Loses $4M After Whale's Over $200M Ether Trade Unwinds

The whale liquidation saw wallet ‘0xf3f4’ opening a highly leveraged 50x ETH long position, depositing $4.3 million in USDC as margin for a total size of 113,000 ETH.

A whale tailfin sinks below the ocean surface. (Paola Ocaranza/Unsplash)