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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.
Bitcoin, Ether Hold Steady After Genesis' Bankruptcy; Crypto Traders Say Bad News Was Priced In
The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays.
First Mover Asia: Bitcoin Returns to Its Winning Ways
ALSO: Shaurya Malwa writes about Singapore asset management firm Cobo's initiative to introduce separate custodian, clearing and settlement services to crypto.
Crypto Markets Today: Bitcoin Rides Over $21K, FTX's Possible Revival
Bitcoin rose 1.5% to trade at $21,100 after dipping earlier on Thursday. Ether was also trading up 0.6% to $1,550. Equities closed down.
First Mover Asia: FTX’s Illiquid Holdings Filled With Tokens That Sit in Venture Funds in Which It Invested; Bitcoin Falls Below $21K
A good portion of FTX's illiquid tokens can be found on the balance sheet of funds, including Sino Global and Multicoin Capital. FTX invested in these funds, and their names often appear alongside FTX as co-investors in projects.
Crypto Markets Today: Bitcoin Falls Below $21K; Genesis Nears Bankruptcy Filing; Bitzlato Founder Arrested
ALSO: Bitcoin fell 2% to trade at $20,700 while ether was trading down 3% to $1,530. Equities closed lower.
DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus
High yields on Curve-related pools have attracted millions of dollars' worth of ether to Frax in the past few weeks.
First Mover Asia: Bitcoin Hangs Tough Over $21K for Another Day
ALSO: Sam Reynolds writes about the unlikely rally of metaverse majors, including Axie Infinity and Decentraland, even as they struggle to keep users engaged.
Crypto Markets Today: Bitcoin Holds Strength Above $21K, Congress' FTX Problem
ALSO: Crypto bank Silvergate reports a fourth-quarter loss of $1 billion. Equities closed mixed after big banks’ 4Q earnings reports.
First Mover Asia: Bitcoin Tops $21.3K as Cryptos' 2023 Feel-Good Story Continues
ALSO: Sam Reynolds writes that the surge of FTX’s FTT Token is part of a trend in which investors send prices of certain tokens higher even as their projects fail or flounder.
First Mover Asia: Bitcoin Surges on Inflation Tailwinds, Hovers Near $21K
ALSO: Sam Reynolds writes that Ark Invest's Cathie Wood is correct in thinking that, despite market uncertainty, disruptive innovation technologies that address issues have gained traction.
