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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 Gives Up Gains, Slips Below $26K Ahead of Fed's Jerome Powell at Jackson Hole
The Kansas City Federal Reserve's annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning.
Binance's Ether Futures See Lowest Open Interest Since July 2022
Don't ready too much into the move, said one observer, calling it a typical position reset.
DeFi Shrinks to Multiyear Low as the Crypto-Fueled Future of Finance Falters
The total value locked in DeFi protocols has slumped to the lowest level since February 2021 even as ETH, which underpins the market, has soared this year.
Ether-Bitcoin Ratio Uptick Fails to Inspire Bullish Positioning in ETH Options
Options skew remains in favor of ether puts across different timeframes despite the past week's increase in the ETH/BTC ratio.
Ether Staking Demand Remains Unfazed as EigenLayer 100K ETH Cap Limit Filled Within Hours
Future cap increases will need to be approved by EigenLayer's multisignatory governance system.
Crypto Analysts Split on Why Ether Outperformed Bitcoin During Last Week's Slide
The ether-bitcoin ratio rose more than 2% past week. The gain is inconsistent with its record of taking losses during bouts of risk aversion.
Ethereum Co-Founder Vitalik Buterin Sends $1M ETH to Coinbase
Vitalik Buterin transferred over $1 million worth of ether to crypto exchange Coinbase on Monday.
Friend.tech Becomes Massive Ether Money Machine as NBA Players, FaZe Clan Join In
The application has zoomed to becoming the second-largest revenue maker among crypto protocols in just over two weeks.
Bitcoin Plunged 11% in Worst Week Since FTX’s Collapse. What’s Next for BTC’s Price?
BTC slipped below $26,000 amid the crypto market mayhem.
Bitcoin Falls Below $26K in Absence of Grayscale vs. SEC Court Decision
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin (BTC) trades below $26,000. There's still no decision in Greyscale's lawsuit against the SEC over the approval of a bitcoin spot ETF. Meantime, Bloomberg says Ether futures ETFs will get approval from the SEC. Bankrupt crypto lender Celsius will hold a vote on its plan to sell assets. Plus, crypto lender Exactly has become the latest protocol to be struck by a hack.
