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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 Extends Its Stay Below $28K, Dogecoin Stays Hot
Dogecoin surged after Twitter replaced its familiar blue bird atop its homepage with the cryptocurrency's iconic Shiba Inu dog logo. ALSO: Is Indonesia’s CBDC a potential alternative to Visa and Mastercard?
Bitcoin Drops to $27.5K While Dogecoin Spikes After Twitter Logo Change
BTC needs a catalyst to break the $30,000 threshold, says an analyst. DOGE spikes after Twitter changes its platform's logo to the dogecoin symbol from the blue bird.
First Mover Asia: Bitcoin Holds Above $28K as Investors Await Fresh Productivity, Jobs Data
ALSO: Sam Reynolds writes that decentralized-focused tokens, including LDO and DYDX, were the quarter's best performers. Their gains came as U.S. regulators ratcheted up their scrutiny of centralized exchanges.
U.S. Futures Watchdog Issues Compliance Rule for Crypto Activities Among Members
The National Futures Association, which includes firms trading crypto futures, is imposing anti-fraud standards and supervision demands for those engaging in bitcoin and ether trading.
First Mover Asia: Bitcoin Hovers Around $28,000
ALSO: A crypto investor, entrepreneur and market observer suggests that TradFi may be approaching a tipping point that benefits bitcoin, among other digital currencies, and could shift a large part of the crypto economy to Hong Kong.
Bevy of Economic Data Barely Stirs Bitcoin, Ether
Bitcoin and ether trade flat on below-average volume after GDP contracts slightly and initial jobless claims exceed expectations.
First Mover Asia: Bitcoin Rises Above $28.3K Despite Binance Legal Woes
ALSO: Shaurya Malwa writes that a little-known Ethereum community is rallying behind the Ethereum Goerli test network in the hope that it can help find a way to keep it going.
Low Trading Volumes, Diminishing Liquidity Spur Bitcoin Price Volatility
Bitcoin volumes are below their 20-day moving average for the eighth consecutive day as traders search for the next trading range.
Bitcoin Recovers Above Key $28K Level
Bitcoin (BTC) is heading for its best quarter in two years, outperforming ether, gold and the Nasdaq. Bitcoin is "the biggest beneficiary of everything that's going on," said Arca Chief Investment Officer Jeff Dorman. Dorman added that with the recent banking failures, "every single person is now having to re-rank what it means to own something safe."
Bitcoin Heads for Best Quarter in 2 Years, Outperforms Ether, Gold, Nasdaq
One observer said poor order book depth is primarily responsible for the rally, while others pointed to the cryptocurrency's sound money appeal and Fed pivot speculation as bigger catalysts.
