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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.
Bitcoin Drops Below $25K With Altcoins Bracing for Deeper Crash from FTX Crypto Sale
Alternative cryptocurrencies could take a hit as FTX looks to shed its $3.4 billion stash of digital assets, crypto services provider Matrixport noted.
Cboe's BZX Exchange Files to Launch Ark 21Shares, VanEck Spot Ether ETFs
If approved, these would be the first spot ether ETFs in the U.S.
Bitcoin Little-Changed at $25.7K After Newsy and Volatile Session
Broader crypto markets were modestly lower late on Wednesday.
Cathie Wood's ARK Invest Files for First Spot Ether ETF
The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.
Buy Ether Instead of Bitcoin to Ride ETF Momentum, Crypto Research Firm Says
There’s a high probability of approval on or before the SEC’s final deadline in mid-October for a decision on the first ether futures ETF in the U.S.
Deribit Sees 17% Growth in Crypto Derivatives Trading Volume in August, Led by Options
Deribit registered an increase in crypto derivatives trading volume even as global activity declined by 12.1% to around $1.6 trillion.
Ether Heads for 'Death Cross'
Ether (ETH) is on track to form a long-term bearish indicator known as a "death cross." TradingView data shows that ether's 50-day simple moving average is on pace to move below its 200-day moving average, signaling a growing weakness in ether's price. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Ether Heads for 'Death Cross'
A death occurs when an asset's 50-day simple moving average dips below its 200-day simple moving average.
Scores of Friend.tech Users Remain Active Even as Trading Volumes Drop 95%
Falling revenues have led some market observers to say the platform has “gone dead.” But has it?
Ether Whales Scooped Up $94M in ETH as Price Plunged to $1.6K
Last Thursday's plunge in prices drew the attention of a number of sizable holders.
