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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 Hit Lowest Price Compared to Bitcoin Since July 2022
Ether (ETH) is hovering above $1,600 after dropping to its lowest price compared to bitcoin since July 2022, as the launch of futures-based ETH ETFs attracted meager interest from investors. The ether-to-bitcoin price ratio also dropped to a fresh 15-month low this week. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Ethereum Has Become More Centralized Since the Merge and Shanghai Upgrades: JPMorgan
The increase in staking has reduced the appeal of ether from a yield perspective, the report said.
Friend.Tech Targeted SIM Swaps Worsen as Users Lose More Ether
CoinDesk reported earlier this week that Friend.Tech users were starting to seemingly get targeted in SIM swap exploits.
Bitcoin Holds Steady at $27.6K; Why Are XRP, AVAX Prices Pumping?
Ether fell 0.5%, Solana’s SOL fell 1.4%, while Cardano’s ADA and BNB Chain’s BNB traded flat.
Poor Week for Ether Prompts Research Firm to Reverse Outlook, Advise Favoring Bitcoin Instead
Initial action suggested only very modest interest in the first U.S. futures-based ether ETFs.
ETH Slumps Amid Slow Start for Ether Futures ETFs
It was a slow start for futures-based ether exchange-traded funds (ETFs) on their first day of trading. A total of nine of the ETFs offering exposure to ether futures came to market on Monday. Five will hold only ether futures, while four will hold a mix of bitcoin and ether futures. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Buckles to $27.4K as Crypto Rally Fizzles on Macro Jitters
BTC dropped 3.5% over the past 24 hours, while ether lost near 4% amid a dismal first day of ETH futures ETF trading in the U.S.
Bitcoin Slumps Below $28K as Yields Spike; Ether Futures ETFs Fizzle on Lukewarm Investor Interest
Bitcoin slumped below $28,000, and ether dipped below $1670.
Ether Futures ETFs See Low Volume in First-Day Trading
"Pretty meh volume" for the group, said one analyst.
'Big Short' Author Michael Lewis Weighs in on FTX Collapse Ahead of SBF Trial; Bitcoin Breaks Above $28K
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, as bitcoin (BTC) rose above $28,000 for the first time in a month after the U.S. avoided a government shutdown. Millions of dollars in Ether has been moved from a wallet tied to an apparent FTX exploit in 2022. And, author Michael Lewis speaks to CBS about FTX founder Sam Bankman-Fried's possible mindset ahead of his criminal trial.