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.


Finance

Fidelity Drops Staking Plans in Updated Ether ETF Filing

Annualized yields on ether staking are nearly 3% as of Tuesday, data from popular staking service Lido shows.

Scrabble letters spelling ETF arranged a rack

Markets

Ether ETF Speculation Could Weigh on SOL, Wider Altcoin Market

Traders will not want to be short ETH while going through an ETF approval, one observer said.

(Kevin Ku/Unsplash)

Markets

Bitcoin Surges Over $71K as Ether ETF Hopes Lead to $260M in Short Liquidations

Some traders expect ether prices to reach as high as $4,000 in the coming days, with odds of an ether ETF approval raised to 75%.

(David Mark/Pixabay)

Policy

Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources

Exchanges are being asked to update 19b-4 filings on an accelerated basis by the U.S. Securities and Exchange Commission

SEC headquarters (Nikhilesh De/CoinDesk)

Markets

Ether Jumps 10% to $3.4K After Bloomberg Ups Odds of Spot ETF Approval

Markets previously had mostly priced in SEC rejections of the proposed funds beginning this week.

A leveraged ether ETF will begin trading on June 4 (gopixa)

Markets

First Mover Americas: BTC, ETH Little Changed Ahead of Ether ETF Decision

The latest price moves in crypto markets in context for May 20, 2024.

BTC price, FMA May 20 2024 (CoinDesk)

Markets

Ether, Bitcoin Open Asia Trading Week Flat as ETH ETF Decision, Nvidia Earnings Loom

The market has priced in a rejection for the first set of Ethereum ETFs, but there are reasons to be optimistic about an approval next year, says one fund manager.

(CoinDesk Indices)

Videos

Staking Has Been a Major Liquidity Sink for ETH: Coinbase Institutional

A new research report from Coinbase Institutional reveals that staking has been a major liquidity sink for ether (ETH). Analysts note that the 3 month circulating supply of ETH has not meaningfully increased, despite the surge in price since Q4 of last year. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Recent Videos

Markets

Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains

Softer U.S. inflation figures and big institutional interest in the spot bitcoin ETFs helped turn sentiment around.

Bitcoin and other assets rose on Tuesday. (Unsplash)

Markets

First Mover Americas: Bitcoin Regains $66K Following Bullish ETF Data

The latest price moves in crypto markets in context for May 17, 2024.

BTC price, FMA May 17 2024 (CoinDesk)