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.


Markets

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.

(DALL-E/CoinDesk)

Technology

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.

(Pixabay)

Markets

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.

Stumble on a tight rope.

Markets

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.

Sam Bankman-Fried (Pindar Van Arman/CoinDesk)

Markets

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.

(Jungwoo Hong/Unsplash)

Markets

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.

Bitcoin soared in early weekend trading. (Shutterstock)

Markets

Crypto Markets Today: Bitcoin Finishes Best Week Since March; Solana’s Bonk Barks

ALSO: Bitcoin cash jumps ahead of optimistic May hard fork. Traders are starting to handicap various market scenarios ahead of Ethereum's next big milestone in March.

(DALL-E/CoinDesk)

Markets

First Mover Asia: What's Next for Bitcoin After Biggest One-Day Price Pop in 2 Months?

Plus: Shaurya Malwa writes that security firms are predicting that blockchain bridges can avoid some of the carnage of 2022 this year by security features built during the bear market.

Bitcoin vaulted over $19K before settling down to around $18,800. (Shutterstock)

Markets

Crypto Markets Today: Bitcoin Tops $19K, Blockchain.com Cuts Jobs, Sam Bankman-Fried Blogs

ALSO: Bitcoin had its best day in two months after the Consumer Price Index (CPI) report shows inflation slowdown, extending this week’s digital-asset rally.

(DALL-E, CoinDesk)

Markets

First Mover Americas: Crypto Markets Primed for Soft CPI

The latest price moves in crypto markets in context for Jan. 12, 2023.

(Midjourney/CoinDesk)