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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: Binance BNB Token Plunges, Bitcoin Holds Near $21.8K Amid US Regulatory Uproar
ALSO: U.S. financial regulators' recent crackdown on Binance's BUSD stablecoin and other recent events underscore why Asia is a more likely global hub for digital assets.
Bitcoin, Ether Drop as Investors Fret Over Inflation Data, Stablecoin Regulation
The largest cryptocurrency by market value continued to linger below $22,000. Ether fell below $1,500.
Wormhole Bridge Exploiter Supplies $46M to Crypto Lending Platform Maker, Buys Wrapped Ether
The exploiter may be earning returns on staked cryptocurrency.
First Mover Asia: Bitcoin Might Test $20K as It Looks for Support
ALSO: The SEC's move on Kraken's staking program last week shouldn't be seen as an indictment of staking as a whole.
First Mover Asia: Kraken Crypto Staking Settlement Bedevils Markets as Bitcoin Lingers Below $21.9K
ALSO: CoinDesk analyst Glenn Williams considers the significance of "whales" sending bitcoin back to exchanges, while smaller investors remove it.
Ether Liquid Staking Tokens Jump on Rumors of SEC Ban for Staking Providers
Coinbase CEO Brian Armstrong said he heard rumors about a possible ban on staking providers in the U.S.
First Mover Asia: Bitcoin Hovers Near $23K; Why AI Tokens Are on a Months-Long Tear
ALSO: Shaurya Malwa writes that institutional investment has made a compelling argument for AI-related protocols; LDO jumps after a tweet by Coinbase CEO Brian Armstrong.
First Mover Asia: Bitcoin Flirts With $23.4K as Fed's Powell Repeats Comment About Waning Inflation; Market Weighs DCG-Genesis Deal With Creditors
ALSO: Stakeholders in the venture capital industry explain why embattled crypto trading firm Alameda Research will not be missed.
Ethereum Testnet Processes First ETH Staking Withdrawals
The upgrade on the Zhejiang testnet was the first of three dress rehearsals for the much anticipated Shanghai hard fork.
First Mover Asia: Crypto Is Flat Before Fed Chair Speech; Japan's SBI Building a Metamask Competitor for Yen-Denominated NFT Trading
Crypto trading is largely denominated in USD, but the U.S. isn't the center of the digital assets world.
