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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.
U.S. Prosecutors Drop Extortion Charges Against Early Adviser to Ethereum Network
Lawyers for Steven Nerayoff say that, on the day of his arrest, their client was put in a van by the FBI, given a list of names and told to start turning over evidence on a long list of crypto figures.
Ether Holders Embrace Near Month-Long Wait for Staking ETH
Demand for staking ether has surged, resulting in wait times of over a month for a 5% annualized yield as of Monday.
First Mover Asia: Bitcoin Regains $27K Amid Encouraging Macro, Technical Signs
ALSO: The stablecoin supply ratio has dropped 11% over the past 11 days, suggesting that buying power for stablecoins may be increasing, writes CoinDesk analyst Glenn Williams.
Bitcoin Loses 10% on the Week as Memecoins Tumble
Among the memecoins sliding was PEPE, which lost over 60% over the last 7 days.
First Mover Asia: Bitcoin Regains $27K, but Investors Search for a Catalyst
ALSO: The CEO of Stablecorp says that bitcoin's recent dip is part of its growing pains. He says that the scalability of the bitcoin network and liquidity present challenges.
Bitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position
Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions.
Bitcoin Edges Below $27K as Latest Bank Crisis Fails to Trigger Price Increase
BTC has been trading largely below the psychologically important $30,000 mark since late April, as investors wrestle with recent bank sector debacles and other macroeconomic uncertainties.
First Mover Asia: Expect Bitcoin to Hit $25.2K Soon: Strategist
ALSO: Bitcoin needs a compelling narrative to break from its current range, but that likely will not occur until next year, says the CEO of Web3 bond-market platform Umee.
Bitcoin Roller Coaster Ride Wednesday Underlines Its Vulnerability but Also Its Resilience
Bitcoin and ether rose on mildly favorable inflation data, sank amid rumors of a U.S. government sell-off of BTC and then climbed again as investors shrugged off the tumult.
Bitcoin Dips Below $27K, Reversing Post-CPI Rally
The BTC/USD trading pair on Coinbase was trading as low as $26,800 before regaining some ground.
