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.


Mercati

First Mover Asia: Will CFTC's Action Against Binance Benefit Crypto’s Asia Narrative?

Bitcoin is flat but ether is up, on potentially favorable comments by the CFTC before Congress.

Hong Kong skyline (anuchit kamsongmueang/Getty Images)

Mercati

On-Chain Stablecoin, Profitability Ratios Signal Investor Caution

The recent increase in bitcoin's price shows investors positioning themselves for a potential price downturn.

(Jessica Tan/Unsplash)

Politiche

U.S. CFTC Chief Behnam Reinforces View of Ether as Commodity

That view differs from the apparent SEC view that ETH may be a security.

CFTC Chairman Rostin Behnam (Chip Somodevilla/Getty Images)

Mercati

First Mover Asia: China’s State-Owned Banks Are Soliciting Hong Kong Crypto Business, but Opening an Account Is Hard

Plus: Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around?

Hong Kong (Unsplash)

Mercati

Bitcoin Sinks Below $27K After CFTC Files Suit Against Binance

BTC dropped to its lowest level since March 17 after the agency sued the crypto exchange for alleged regulatory violations. The Binance coin (BNB) price declined by 5%.

Bitcoin price chart showing the price drop on Monday. (CoinDesk)

Mercati

Asset Managers’ Bitcoin Exposure Rises, Reversing Recent Trend

Following three consecutive weeks of reducing long positions, asset managers add 975 long futures contracts, the Commitment of Traders report shows.

BBitcoin faces headwinds (Pixabay)

Mercati

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)

Mercati

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)

Mercati

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)

Mercati

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)