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: Crypto’s Narrative of This Season Is No Narrative at All

ALSO: Hong Kong’s proposed crypto exchange rules value TradFi chops over crypto knowledge. What are the key potential changes?

(Getty)

Markets

Bitcoin Climbs Past $27.4K but Remains in Holding Pattern as Investors Continue U.S. Debt Limit Vigil

Ether and most other major altcoins rise slightly, even as stocks drop amid worries about debt ceiling negotiations.

Bitcoin price chart (CoinDesk)

Markets

CoinDesk Indices Trend Indicator Hints at Continued Downturn for Bitcoin, Ether

Bitcoin and Ether’s streak of monthly gains is in danger of ending.

Downgrade spiral staricase going down downwards (Unsplash)

Markets

Number of Ether Staked Has Surged by 4.4 Million Since Shapella Upgrade

Staking refers to locking coins in the blockchain network in return for rewards.

The number of ether staked in the network has surged to a record high of 22.58 million. (Glassnode)

Markets

First Mover Asia: Bitcoin Holds Steady Near $27K as Investors Weigh Debt Ceiling Developments

ALSO: CoinDesk's former head of research writes that despite government efforts in such large, emerging countries as Pakistan and Nigeria to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.

Bitcoin Price (CoinDesk Indexes)

Markets

First Mover Asia: Will Bitcoin Soon Begin a Retest of 30K?

ALSO: Crypto companies and trade organization are spending a fraction of the amount that other industries are allocating for lobbying. That may change.

(Steven Cordes/Unsplash)

Markets

Bitcoin and Broader Crypto Prices Little-Changed in Eventful News Week

Litecoin was the largest gainer among large-cap cryptocurrencies.

(Getty Images)

Markets

First Mover Asia: Traders Long on Bitcoin Despite Debt Ceiling Challenges, Dark U.S. Regulatory Clouds

PLUS: Meme coins don't respect the intellectual property rights of others. And that's a problem.

(Dale Kaminski/Getty Images)

Markets

Crypto Markets Turn Lower After Jobs Data, Hawkish Fed Comments

Tight labor markets and concerns of rate hikes weigh on crypto markets; hopes of a debt limit deal stem the tide, but only briefly.

Hawkish remarks by a Fed official sent bitcoin falling.(Getty Images/Tim Chapman)

Markets

Litecoin Leaves Bitcoin and Ether Behind With Rally to One-Month High

Occasionally referred to as "silver to bitcoin's gold," Litecoin has chalked out a double-digit price rally over the past week.

Precio de litecoin. (CoinDesk)