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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: Why Is Tron Founder Justin Sun Keeping Some of His Coins in Valkyrie Digital Assets?
ALSO: Bitcoin spent a low-key 14th birthday, trading almost precisely in the same narrow range it's held since mid-December; other cryptos traded sideways, although SOL rose 22% to continue its nearly week-long surge.
Ethereum's Upcoming Shanghai Upgrade Powers Lido DAO, SWISE, RPL Tokens Higher
Governance tokens of top liquid staking products rally as Ethereum's Shanghai upgrade is set to "de-risk" ether staking by opening ETH withdrawals.
First Mover Asia: Bitcoin Celebrates the New Year With Old Pricing, Holds Steady at $16.7K
ALSO: CoinDesk's Sam Reynolds explains why crypto exchange token prices continue to respond to news events and not what the SEC and other regulators might do.
First Mover Asia: 3 Crypto Predictions for 2023 From Digital Asset Manager 3iQ's Research Head
Mark Connors sees a rebound in digital prices by the third quarter and companies increasing their involvement in developing regulation. ALSO: Bitcoin would just as soon forget acquaintances auld and new to 2022.
Bitcoin, Ether Did Better Than You Think in 2022
CoinDesk research shows that per unit of risk, bitcoin and ether performed significantly better than bonds and had similar results to equities in 2022.
First Mover Asia: Bitcoin Retreats Further Into the Gloom
The largest crypto by market capitalization dropped below $16,500 at one point on Wednesday. ALSO: CoinDesk research analyst George Kaloudis ranks his top five industry annoyances with FTX topping the list.
First Mover Asia: Bitcoin Drifts Lower as Crypto Winter Continues
ALSO: CoinDesk Columnist David Z. Morris played soothsayer about the seriousness of the allegations against Sam Bankman-Fried, the former CEO of embattled crypto exchange FTX.
First Mover Asia: Bitcoin Ho Ho Holds Near $16.9K
ALSO: CoinDesk columnist David Z. Morris considers one of the few upsides to the debacles that have deeply wounded the crypto industry in 2022.
Crypto Markets Today: Bitcoin Ends Penultimate Week of (Awful) 2022 on Quiet Note
ALSO: A year of steep declines in crypto markets brought another unwanted element – a dramatic increase in scams including “rug pulls.”
First Mover Asia: Bitcoin, Ether Hold as US Stocks Fall
Plus: Glenn Ardi of CoinDesk Indonesia writes about Indonesia's vision of government permitting and controlling Web3 and DeFi by providing a government-sanctioned payment layer.
