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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.
First Mover Asia: Bitcoin Below $29.5K as Appeal of Riskier Assets Lessens
ALSO: CoinDesk's Consensus Magazine unveils its latest special project, spotlighting 19 blockchain, crypto and Web3 projects to watch in 2023.
Ethereum Shanghai Upgrade Leads to Huge Influx of ETH at Exchanges
Ethereum’s seamless implementation of withdrawals, also known as the Shanghai upgrade, on April 12 led ETH’s price to rally above $2,100, its highest level since May 2022.
Bitcoin Sinks Below $30K Amid Dollar Jump, Mixed Q1 Earnings
BTC dropped as low as $29,292 on Monday before slightly rebounding. The surge from $28,000 last week was “largely untested,” one analyst says.
CME to Add Daily Expirations on Bitcoin and Ether Futures Options Contracts
Contracts on micro-sized BTC and ETH futures will also have daily expirations, up from three times a week now.
Bitcoin, Ether See Bull Breather as Higher Bond Yields Support Dollar
"We would consider taking some profits as the crypto market is showing exuberant signs," one observer said.
Over 1M Ether Withdrawn After Shapella Fails to Dent Risk Appetite
Some traders are restaking the ether withdrawn since the Shapella upgrade, quashing bearish price forecasts.
First Mover Asia: Ether Price Hits Fresh 11-Month High
ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey writes that to prevent the potentially destructive impact of AI, we need open-source innovation and collective governance that is possible through blockchain protocols and Web3, not the monopoly defaulting structure of Web2.
Bitcoin Holds Steady Near $30.5K, Ether Circles Around $2.1K
BTC and ETH have risen about 9% and 12%, respectively, over the past seven days. While BTC has driven the market this year so far, the Shapella upgrade has boosted ETH trading, according to an analyst.
Bitcoin, Ether Turn Upward in a Busy Week of Ethereum and Inflation News
Ether has risen more than 9% since the Ethereum Shanghai upgrade, which held center stage in crypto markets for much of the week. Bitcoin held fast above $30,000.
Ether Overshadows Bitcoin Following Successful Shanghai Upgrade
Ether’s (ETH) continued rallying above $2,000 after a successful Shanghai upgrade late Wednesday dropped bitcoin’s (BTC) dominance from an almost two-year record high, according to TradingView data. CoinDesk Crypto Markets Analyst Glenn Williams Jr. joins "All About Bitcoin" to discuss.
