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

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.

By Omkar GodboleMay 23, 2023

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.

By James Rubin, Noelle AchesonMay 23, 2023

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.

By Sam ReynoldsMay 22, 2023