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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.
Single Trader Lost $55M on Ether Long Yesterday
That was nearly 30% of all liquidated futures on Binance, the data shows.
Crypto Traders Suffer $1B in Liquidations in Sharp Sell-Off for Bitcoin, Ether
Crypto markets cratered late Thursday with bitcoin (BTC) dropping as low as $25,000 on the crypto exchange Binance.
Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports
They would join bitcoin futures ETFs that are already approved.
Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump
One trading firm has a price target of as low as $24,000 in the coming months in the absence of immediate market catalysts.
Bitcoin Slips to $29K, but Fundstrat's Tom Lee Sees $150K on ETF Approval
Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.
First Mover Asia: Bitcoin Steady Below $30K as SBF Goes Back to Jail
PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the outcome was predictable.
First Mover Asia: SEC Appealing XRP Ruling Isn't Moving Markets
Ripple's partial victory over the Securities and Exchange Commission pushed up the layer 1 and altcoin market, as many of these tokens had been accused of being securities.
First Mover Asia: What Will It Take to Get Bitcoin to $30K?
The world’s largest digital asset isn’t budging and it'll take regulatory clarity to push past $30,000.
Bitcoin Little Changed This Week as Broader Crypto Gauge Sheds 1.6%
The theme of relatively flat prices continued as July turned to August.
Crypto Options Volume on CME Rose to Nearly $1B in July: CCData
The increase suggests that institutions might be hedging their positions.
