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.


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Bitcoin Traders Shrug Off U.S. SEC's Action Against Binance, Coinbase

Implied volatility metrics show no signs of panic after the SEC's filed lawsuits against the two cryptocurrency exchanges.

(geralt/Pixabay)

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First Mover Asia: Bitcoin Falls Below $26.5K as Crypto Market Fades Amid Coinbase, Binance Angst

ALSO: Stablecoin balances may provide additional insight into price direction.

Bitcoin dail chart (CoinDesk)

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Funding Rates for Bitcoin, Ether Remain Positive, Indicating Bullish Sentiment

Investors remain bullish about crypto in derivatives markets, as the CoinDesk Indices Ether Trend Indicator signals “significant uptrend”

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First Mover Asia: Why Did Bitcoin Regain $27K? ‘No One Is Surprised by Gensler’s Actions,’ Crypto CEO Says

ALSO: Why Binance's alleged co-mingling of assets isn't the same as FTX's alleged co-mingling of assets.

SEC Chair Gary Gensler (Alex Wong/Getty Images)

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Why Isn’t Bitcoin Falling More? Cryptos Are Acting More Like Commodities Than Securities

Oil is Oil, Gold is Gold, Bitcoin is Bitcoin. The market reaction to SEC enforcement is mild compared to historic price action after other tumultuous events in the crypto industry.

(Zbynek Burival/Unsplash)

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First Mover Asia: Why Did Bitcoin Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

ALSO: Lido’s stETH token has become the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko.

Bitcoin daily chart (CoinDesk)

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First Mover Asia: Why Did Bitcoin's Price Hold Above $27K Over the Weekend? Two Analysts Expect Continued Resilience

ALSO: The bitcoin options put/call ratio across exchanges has sunk to 0.47, suggesting that fewer investors are seeking downside protection against price declines than they had prior to the passage of a bill to raise the U.S. debt ceiling.

Bitcoin week-long chart (CoinDesk)

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Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data

Ether and other major cryptos spent much of the day in positive territory.

Bitcoin daily chart (CoinDesk Market Index)

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DeFi Tokens Rose in a Turbulent Week: CoinDesk Market Index

Lesser known altcoins had a strong week as bitcoin and ether wrestled with macroeconomic headwinds

(Getty Images)

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First Mover Asia: Bitcoin Has Reached 'a General Accumulation Phase': Analyst

ALSO: BTC-20 tokens are pushing toward a $500 million market cap, and data from Glassnode shows that they have been a boon for miners.

Bitcoin daily price chart. (CoinDesk Indexes)