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

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.

BTC and ETH returns so far in October (TradingView)

Videos

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."

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Markets

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.

Stock exchange, trading (geralt/Pixabay)

Markets

Ether Futures ETFs See Low Volume in First-Day Trading

"Pretty meh volume" for the group, said one analyst.

BitcoinETF: What Comes Next?

Videos

'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.

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Markets

Valkyrie Backs Off Ether Futures Purchases Until SEC ETF Approval Officially Effective

The asset manager Thursday said it had already begun purchasing ether futures contracts.

Valkyrie's bell-ringing in September included a guest from Tron. (Screenshot/Nasdaq.com)

Markets

Ether Bears Lose $11M as ETF Hopes Lift ETH Prices

There’s a “90% chance” an ether futures ETF will be traded in the first week of October, one analyst said.

(Getty)

Videos

Technical Analysis Indicator Flashes Bullish Signal for Ether

Ether's (ETH) immediate prospects look positive as a technical analysis indicator, known to mark turning points in the market, is flashing a bullish signal. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Finance

Five Reasons Why the World Needs a Standardized Ethereum Staking Rate

An ether (ETH) staking benchmark could attract institutional investors into the Ethereum ecosystem and unlock a new wave of innovation.

(Brook Anderson/ Unsplash)