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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.
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.

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.

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 Could Be Poised for a Rebound
Bitcoin’s declining momentum has historically preceded a mild increase in price.

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.

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.

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.

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.

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.

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.
