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

Optimism From Ethereum's Shapella Upgrade Is Fading, Crypto Options Show

Two weeks after the upgrade, the options market is assigning a slightly more negative sentiment to ether.

(Louis Reed/Unsplash)

Markets

First Mover Asia: Bitcoin Breaks Its Losing Streak in Late Tuesday Rally

ALSO: CoinDesk's Pete Pachal and Daniel Kuhn outline important themes at Consensus 2023 conference, which opens Wednesday in Austin, Texas.

The upcoming Merge comes with some risks, says DappRadar. (ryasick/Getty Images)

Markets

Bitcoin Regains $28K Amid Mildly Encouraging Tech Earnings, Liquidation of Short Positions

BTC rose Tuesday afternoon as Alphabet and Microsoft first-quarter earnings surpassed expectations. Both equities and Treasury yields were down on Tuesday, however.

Bitcoin's price will go up if the SEC approves spot bitcoin ETFs, Matrixport said. (Unsplash)

Markets

Bitcoin Could Be Poised for a Rebound

Bitcoin’s declining momentum has historically preceded a mild increase in price.

(Unsplash)

Tech

Bitcoin Whales Spook Crypto Twitter With Sudden Wallet Movements

At least four wallets from bitcoin’s early days have seen signs of activity in the past few days.

(David Mark/Pixabay)

Markets

First Mover Asia: Crypto Flat as Markets Await Tech Earnings

ALSO: Although Do Kwon is in a lot of trouble, his lawyers have raised a legitimate issue about crypto regulation in the U.S, and the SEC’s quest for unlimited jurisdiction over the asset class.

(Sebastian Huxley/Unsplash)

Markets

Bitcoin Drops to $27.3K, Ether Edges Toward $1.8K Amid Investors' Interest Rate Concerns

BTC’s recent price drop can be interpreted as “a period of consolidation and a healthy correction after an explosive move upwards past $30,000 over the last several months,” one analyst says.

Bitcoin price chart (CoinDesk)

Markets

Declining Bitcoin-Ether Correlation Could Affect Crypto Investors’ Hedging Strategies: Coinbase

From a fundamental perspective, the weaker correlation supports diversification arguments in favor of holding both BTC and ETH, the exchange said.

Panxora is raising money for a hedge fund focused on DeFi tokens.

Markets

First Mover Asia: What's Next After Bitcoin's Retreat

ALSO: CoinDesk columnist David Morris writes that Taylor Swift's avoided the embarrassment of striking a business deal with embattled crypto exchange FTX by reportedly asking the type of common-sense questions that should be part of any business negotiation.

Crypto analysts are pondering the market's next turn. (Musee Rodin via Wikipedia, modified by CoinDesk)

Finance

Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall

The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows.

Los traders inicialmente subieron los precios de xmon para obtener un airdrop de sudo, el token de gobernanza de SudoSwap. (Getty Images)