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.


Merkado

First Mover Asia: Bitcoin Dips Below $25K as Market Worries About Liquidity

ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week.

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

Patakaran

SEC Chairman Gensler Suggests Again That Proof-of-Stake Tokens Are Securities: Report

Gensler had previously argued that ether might be a security after Ethereum's transition to proof-of-stake last year.

SEC Chair Gary Gensler (Anna Moneymaker/Getty Images, modified by CoinDesk)

Merkado

Trading Ranges for Bitcoin, Ether Reflect Diverging Views About the Assets

Bitcoin’s higher low suggests investors in the largest crypto by market value are upbeat, but ether’s increased trading range compared to the previous days may reflect bearish concerns.

(Getty)

Merkado

Ethereum's Network-to-Value Ratio Slides to 3-Month Low as ETH Rallies 20%

The widely tracked ratio measures ether's market capitalization in relation to the value of on-chain transactions processed on the Ethereum network.

Ether trades at compelling valuations. (Glassnode)

Merkado

First Mover Asia: Bitcoin Holds Near $25K as Investors Remain Upbeat About Inflation Data, Fed Rate Hikes

ALSO: Two prominent crypto executives suggest the industry must learn from the failings of Signature, Silicon Valley and Silvergate banks if it hopes to develop productive banking relationships.

(Shutterstock)

Merkado

Bitcoin Gains Early, Fades Late to Trade Below $25K

BTC had surged to a 9-month high above $26,500 after the latest inflation data before retreating.

Bitcoin price chart (CoinDesk)

Tech

Staked ETH Withdrawals Being Processed on Ethereum Goerli Testnet Ahead of Shanghai Fork

Ethereum developers still need to set a date for the Shanghai hard fork to go live on the mainnet blockchain.

Shanghai (Getty Images)

Merkado

Crypto Investors Are Left Guessing the Fed’s Next Move

The CPI data shows inflation remains problematic. Crypto investors are hoping the U.S. central bank breaks from its monetary hawkishness of the past year.

(Thomas Barwick/Getty Images)

Patakaran

SEC Is 'Completely Out Of Control,' Says a16z Crypto's Head of Policy

At the annual Futures Industry Association conference in Boca Raton, representatives from crypto companies argued the lack of regulatory clarity would stifle US innovation.

Panelists at FIA Boca 2023 (left to right): Coinbase Senior Institutional Strategist John D'Agostino, Coinbase Associate General Council Julia Huechel, a16z Head of Policy Brian Quintenz, CoinFund President Chris Perkins (Tracy Wang/CoinDesk)

Merkado

Bitcoin Options Volume on Deribit Hits Highest Level in 22 Months as Bank Failures Breed Volatility

Traders seek options to hedge against market volatility as U.S. bank failures triggered sharp repricing of interest rate expectations.

Bitcoin's 24-hour trading volume surges amid market volatility. (Amberdata)