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

First Mover Asia: Individual Wallets Holding 1 Bitcoin Hit All-Time High as BTC Maintains $30K

PLUS: Binance.US has a free money problem, but there's not enough trust in the platform to exploit it.

Bitcoin monthly report. (CoinDesk Indices)

Markets

Bitcoin Falls Back Below $31K After Late Monday Surge

The head of research for digital asset manager 3iQ wrote that the largest cryptocurrency by market capitalization is still riding tailwinds from multiple spot bitcoin ETF filings and other June events.

Bitcoin daily chart. (CoinDesk Indices)

Markets

First Mover Asia: Bitcoin Opens Week Defending $30K Support Level

PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.

(Pixabay, modified by CoinDesk)

Markets

Storj, Filecoin and Solana Lead First Week of July Crypto Market Gains

STORJ, the native token of the crypto-backed, cloud storage platform, rose 15% on the week, outdistancing bitcoin and ether, among other digital assets.

Crypto storage tokens were the biggest gainers for the week. (Shutterstock)

Markets

First Mover Asia: Bitcoin Whales Are Increasing, but BTC Sent to Exchanges Continues to Fall. What Does the Trend Mean?

PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.

Bitcoin weekly chart. (CoinDesk Indices)

Markets

FOMC Minutes Show Uncertainty, Cautious Optimism. Large Bitcoin Investors Are Taking Divergent Paths

The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.

(Tom Parsons/Unsplash)

Markets

First Mover Asia: Bitcoin Near $30K Remains Unmoved by BlackRock CEO Comments, Hawkish FOMC Minutes

PLUS: A candidate to become Thailand's next Prime Minister owns bitcoin, ether, BNB and ADA. Here's why the disclosure by Pita Limjaroenrat matters.

Bitcoin weekly chart. (CoinDesk Indices)

Markets

Bitcoin Remains Range-Bound, Despite Bullish Sentiment

Bitcoin prices have paused with support at $30,000

(Getty)

Markets

Bitcoin Prices Are Hot, but Here’s What Could Crush the Rally

BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.

(Paul Fiedler/Unsplash)

Markets

First Mover Asia: Bitcoin Holds Above $30.5K at the End of a Quiet, Long Weekend

PLUS: Dismissing the very real prevalence of Ponzi schemes in GameFi isn't a good look for Web 3.

Bitcoin daily chart. (CoinDesk Indices)