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

First Mover Asia: Bitcoin Is Ready for a Consolidation Phase

ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders' current caution, but at least one stakeholder is optimistic that the situation will change.

Decentralized derivatives platforms have a liquidity problem, Sam Reynolds writes. (Unsplash)

Markets

Bitcoin, Ether Prices Flatten During Week of Financial Turmoil

Despite banking unrest and increased regulatory scrutiny, bitcoin and ether were trading roughly where they started the week.

(Midjourney/CoinDesk)

Markets

Arbitrum, Ether Liquidity Providers Earn $500K From ARB Airdrop

Yields on liquidity pools are paying out as much as 800% annualized as users rush to claim ARB tokens.

(Mufid Majnun/Unsplash)

Markets

First Mover Asia: Bitcoin Regains Momentum as Investors Shrug Off Banking, Fed Concerns

ALSO: CoinDesk market analyst Glenn Williams writes that a decrease in the number of bitcoin addresses with a balance of more than 1,000 bitcoins suggests that large, institutional investors are reluctant to add to their coffers.

(Photoholgic/Unsplash)

Markets

Bitcoin Holds Steady Above $28K, Ether Rises in Post-Rate Hike Rally

Bitcoin jumped above $28,800 earlier Thursday before retreating. Ether rose above $1,850, its highest level since August.

Bitcoin, March 23, 2023 (CoinDesk)

Markets

Bitcoin, Ether Diverging Paths Show Resilience and Opportunity

Bitcoin’s outperformance relative to ether highlights a flight to safety. The assets’ normally tight correlation has decoupled periodically in recent weeks.

(Unsplash)

Markets

First Mover Asia: Blockchain-Enabled SIM Card for Crypto Investors Fuels Conflux Growth; Bitcoin Holds Near $27.3K After Fed Decision

ALSO: The SIM card offers the security of a hardware crypto wallet but with more convenience, says Conflux’s chief technology officer in a Q&A with CoinDesk's Shaurya Malwa.

(Shutterstock)

Markets

Short-Term BTC Holders, Stablecoin Supplies Could Indicate Cryptos' Future Price Direction

The two data points may show whether bitcoin moves higher or declines further in the aftermath of the U.S. central bank's 25 basis point rate increase Wednesday.

(Midjourney/CoinDesk)

Finance

‘Smart Money’ Tools Reveal Where Crypto Capital Is Moving

Tools that track “whale activity” can provide real-time insight into how capital is moving in digital assets such as bitcoin and liquid staked ether and can inform investing decisions.

(Todd Cravens/Unsplash)