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

Bitcoin ETF Fever Drives Ethereum to 32-Month Low Versus BTC

Ether has lost 43% of its value against bitcoin since Sept. 7.

ETH/BTC chart (TradingView)

Tech

Ethereum Validators Forced to Wait Days to Unstake Amid Celsius Withdraws

This means there is now a 5.6 day wait for validators to exit the Ethereum blockchain.

Ethereum has a backlog of validators waiting to exit the chain. (Koushik Pal/Unsplash, modified by CoinDesk)

Markets

Celsius to Unstake Thousands of Ether, Possibly Easing ETH Selling Pressure

The defunct crypto lender sent over 30,000 ETH to custodian Fireblocks in the past week, some of which was deposited on crypto exchange Coinbase.

(Unsplash/Modified by CoinDesk)

Markets

Bitcoin Could Retract to $36K Before Uptrend Resumes, QCP Capital Says

In a recent note, the Singapore-based digital assets trading firm said expects topside resistance for bitcoin in the $45k-$48.5K region.

Bull and Bear (nosheep/Pixabay)

Markets

Bitcoin Hovers Over $41K as Memecoin, Ordinals Frenzy Clogs up Blockchains

Longs continue to get liquidated as the price of bitcoin and other major digital assets gyrate.

(CoinDesk Indicies)

Markets

Bitcoin, Ether, and Major Altcoins in Deep Red

Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours.

Bitcoin (André François McKenzie/ Unsplash)

Markets

Bitcoin, Ether Options' Value on Deribit Reaches Record High of $23B

Increased interest in the three-dimensional options trading suggests an influx of sophisticated traders in the crypto market.

stock, chart, investing (sergeitokmakov/Pixabay)

Markets

Ether, Solana Hit 19-Month Highs as Bitcoin Rally Halts with Traders Fearing 'Bull Trap'

BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins.

Solana price (CoinDesk)

Markets

Key Metrics Show Crypto Traders Turning to Ether From Bitcoin

Futures and options market metrics suggest traditional finance players and sophisticated market participants may soon rotate money into ether from bitcoin.

Trader. (Tumisu/Pixabay)

Videos

Institutional Traders are Bullish on Bitcoin: Bybit Research

Institutional traders are bullish on bitcoin, mixed on ether and skeptical of altcoins, a new report from Bybit Research shows. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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