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

Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank

BTC’s price had dropped from well above $29,000 on Sunday. Investors await Wednesday’s FOMC interest rate decision.

By Jocelyn YangMay 1, 2023

Markets

First Mover Asia: Bitcoin, Ether Open Asia’s Trading Week Flat

ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead – most notably about the regulatory uncertainty.

By Sam ReynoldsApr 30, 2023

Markets

First Mover Asia: Bitcoin Holds Steady Above $29K as Investors Look Toward Next FOMC Meeting

ALSO: William Shatner, "Star Trek" star, releases an NFT collection and touts the potential of crypto in an entertaining half-hour discussion at CoinDesk's Consensus 2023 conference.

By James Rubin, Pete PachalApr 28, 2023

Markets

Bitcoin Circles Above $29.5K as Investors Weigh Sluggish GDP, Latest Banking Woes

BTC dipped slightly during U.S. morning trading Thursday on the Commerce Department reporting a tepid gain in GDP for the first quarter and disappointing personal consumption data, before rebounding.

By Jocelyn YangApr 27, 2023

Markets

First Mover Asia: Bitcoin Seesaws Wildly Before Settling Above $29K

ALSO: Writing about different sessions at Consensus 2023, CoinDesk columnist Daniel Kuhn considers the difficulty that the builders of decentralized finance (DeFi) and financial regulators are having in finding linguistic common ground.

By James RubinApr 27, 2023

Aster hits $64 billion in daily volume as traders flock to leverage (Creative Commons)

Markets

Bitcoin Tumbles as Wild Crypto Market Swing Causes $310M Losses From Liquidations

The CoinDesk Market Index (CMI), which tracks the performance of the broader crypto market, plummeted 5.6% in an hour.

By Krisztian SandorApr 26, 2023

Los traders inicialmente subieron los precios de xmon para obtener un airdrop de sudo, el token de gobernanza de SudoSwap. (Getty Images)

Markets

As Crypto Grows, so Does CoinDesk’s Commitment to Keeping Pace

A new CoinDesk tool called the Bitcoin Trend Indicator can help traders spot where BTC is headed.

By Glenn Williams Jr., Nick BakerApr 26, 2023

Markets

Optimism From Ethereum's Shapella Upgrade Is Fading, Crypto Options Show

Two weeks after the upgrade, the options market is assigning a slightly more negative sentiment to ether.

By Omkar GodboleApr 26, 2023

Markets

First Mover Asia: Bitcoin Breaks Its Losing Streak in Late Tuesday Rally

ALSO: CoinDesk's Pete Pachal and Daniel Kuhn outline important themes at Consensus 2023 conference, which opens Wednesday in Austin, Texas.

By James RubinApr 26, 2023

The upcoming Merge comes with some risks, says DappRadar. (ryasick/Getty Images)

Markets

Bitcoin Regains $28K Amid Mildly Encouraging Tech Earnings, Liquidation of Short Positions

BTC rose Tuesday afternoon as Alphabet and Microsoft first-quarter earnings surpassed expectations. Both equities and Treasury yields were down on Tuesday, however.

By Jocelyn YangApr 25, 2023