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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.
ProShares, Bitwise File for Bitcoin and Ether ETFs
If approved, the fund will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts."

First Mover Asia: Bitcoin Remains Calm Above $29.1 K, but Is Higher Volatility in Its Future?
PLUS: A decrease in bitcoin supply active a year ago indicates that long-term holders have reduced their bitcoin exposure. Is hodling starting to wane?

Bitcoin Remains Unmoved by Rise in Jobless Claims, Treasury Rates
Treasury yields hit 10-year highs, sounding a note of potential caution for risk markets, cryptocurrencies, but bitcoin continued to be unstirred by macro events.

Ether Liquid Staking Protocols Could Double in 2 Years: HashKey
Ether staking is a $100 billion-plus opportunity, potentially growing into a $1 trillion sector, with liquid staking protocols doubling in size in two years.

Crypto Traders Might Want to Track Ether 'Slippage' Indicator. Here's Why
Hyblock's slippage indicator has consistently marked short-term trend changes in the second-largest cryptocurrency this year.

First Mover Asia: Bitcoin Turns Range-Bound Again Amid an Absence of Fresh Capital; Altcoins Dip Further Into Red
PLUS: A spot bitcoin ETF may be in the offing, and crypto prices are unpredictable, but MicroStrategy "still fills a need in the marketplace," the president of crypto asset fund ProChain Capital told CoinDesk TV.

Bitcoin Sees Little Boost From Fitch Downgrade, Slumps on Binance Contagion
Correlations between movements in the crypto and stocks have turned negative of late.

Litecoin Undergoes Third 'Halving'; Race for Ether Futures ETFs Kicks Off
"CoinDesk Daily" takes a look at the crypto news making headlines as Litecoin (LTC) undergoes it's third "halving." Six firms file applications for ether (ETH) futures-based exchange-traded funds (ETFs). Lawyers for Sam Bankman-Fried say prosecutors moving to revoke his bond release relied on an "extremely thin" factual basis. Plus, Abracadabra is proposing measures to protect from a bad debt situation stemming from an $18 million loan to Curve Finance's founder.

Race for Ether Futures ETFs Kicks Off With 6 Firms Filing SEC Applications
Volatility Shares, Bitwise, VanEck, Roundhill, ProShares and Grayscale have filed applications with the SEC for Ether ETFs.

First Mover Asia: Asia Stocks Open Soft, Bitcoin Jumps Past $30K on MicroStrategy Filing and Despite Fitch Treasury Downgrade
PLUS: Bitcoin dominance sagged in July, absent a compelling BTC catalyst, and as altcoins seemed to benefit from a partial Ripple court victory.
