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 Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns
ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March 1. But at least one analyst questions whether it can deliver on its promise.
First Mover Asia: Bitcoin, Ether Bounce Back After Being Tested by Fed Chair Powell’s Comments
ALSO: Data from CryptoRank, which tracks crypto fund portfolios, shows that despite massive declines last year, a number of major funds are up over the past three years.
Fed Chair Powell's Comments Shift Rate Projections; Bitcoin Holds Warily
U.S. central bank Chair Jerome Powell indicates rates may need to move higher than was previously expected; risk assets decline accordingly
A Closer Look at FTX’s Most Recent Bankruptcy Documents
The exchange owes customers $1.6 billion in bitcoin, and only has $6 million of it on hand.
Ether Call Options Look Attractive Relative to Bitcoin as Volatility Spread Dwindles: Matrixport
The crypto services provider suggests collecting a premium by selling bitcoin call options and using the same to fund the purchase of ether calls.
First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns
A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend means Filecoin needs more than a token rally to be sustainable; bitcoin holds steady at $22.4K.
Bitcoin, Ether Start the Week Slowly, With Fed’s Powell Testimony Looming
Cryptos’ declines last week appear to be a re-pricing of risk rather than an exit from the space.
First Mover Asia: Bitcoin Is Stuck Between Silvergate and China
The largest crypto by market value hovers above $22.4K as investors mull Silvergate's troubles and anticipate likely encouraging economic data from China. ALSO: CoinDesk columnist David Z. Morris considered the gathering of Etherians at ETHDenver, all working together to build.
Bitcoin’s Slow Week Upended by Concerns Regarding Crypto Bank Silvergate
Flat price action and mild volume took a turn after bitcoin and ether declined sharply late Thursday night.
First Mover Asia: Bitcoin Continues to Look East for Strength
ALSO: CoinDesk columnist Glenn Williams Jr. writes that on-chain indicators show that 70% of Bitcoin addresses are profitable
