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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: Lido DAO Governance Token Down, Staked Ether Stable as Withdrawal Proposal Comes Into Focus; Bitcoin Rises as Fed Rate Decision Nears
While the DAO has yet to formally see the Lido proposal to allow withdrawals from stETH, Galaxy Digital has already been critical. The Lido governance token has fallen about 15% from its high last week week.

Crypto Markets Today: Fed Preview, Bitcoin Holds Steady at $22.9K
Also: Metaverse tokens surged in January. Equities close higher.

Ethereum Developers to Launch New Testnet ‘Zhejiang’ for Simulating ETH Withdrawals
Users will be able to get a sense of how staked ETH withdrawals will work from a testnet due to go fully live on Feb. 7.

First Mover Asia: Centralized Exchange Tokens Post Solid Gains in January Despite SEC Interest; Bitcoin, Ether in the Red.
The tokens of Binance, Crypto.com and KuCoin are all comfortably in the green over the past month.

Crypto Markets Today: Bitcoin Dips Below $23K Ahead of Fed’s Meeting
Also: The Sandbox’s SAND token surges ahead of its token unlock. Equities close lower.

Bitcoin Falls Below $23K; Will the Rally Stay?
Arca Director of Trading and Operations Wes Hansen joins "All About Bitcoin" to discuss the sustainability of bitcoin's recent rally. Plus, his outlook on how the upcoming Federal Open Market Committee (FOMC) decision will impact the crypto market. And, insights on bitcoin's funding rates and its comparison to ether.

Deflationary Ether Is Underperforming Bitcoin, Here Are 3 Reasons Why
While bitcoin has gained nearly 43% this month, ether has appreciated by 36%.

First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K
The retail giant’s initiative, especially in NFTs, may force some regulatory clarity for digital assets. Cryptos surge in Sunday trading.

Crypto Markets Today: Bitcoin Holds Steady Above $23K, White House Urges Congress to 'Step Up' Crypto Regulation
Also: Polygon’s MATIC token gained 8%, while Arbitrum-based decentralized trading platform Vela Exchange's DXP token surged 26%. Equities closed up.

Bitcoin Holds Steady Above $23K as Traders Eye Fed’s Next Meeting
Bitcoin and ether have outperformed equities this year. The FOMC’s decision on interest rates looms large over markets.
