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

Institutions Flock to Ether After Shapella Upgrade

Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market.

By Omkar GodboleApr 19, 2023

Interés abierto y volumen de los futuros de ether del CME. (CME)

Policy

SEC Chair Gensler Declines to Say if Ether Is a Security in Contentious Congressional Hearing

Gary Gensler testified before the House Financial Services Committee for roughly five hours on Tuesday.

By Nikhilesh DeApr 19, 2023

SEC Chair Gary Gensler (Pool /Getty images)

Markets

First Mover Asia: Bitcoin Rally Stalls Above $30K; Ether Hits $2.1K

ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.

By James RubinApr 19, 2023

Tech

Ethereum Unstaking Requests Now Face About a 17-Day Wait

The queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade.

By Margaux NijkerkApr 18, 2023

Markets

First Mover Americas: Bitcoin Regains $30K as Alts Heat Up

The latest price moves in crypto markets in context for April 18, 2023.

By Lyllah Ledesma, Omkar GodboleApr 18, 2023

Markets

First Mover Asia: Bitcoin Below $29.5K as Appeal of Riskier Assets Lessens

ALSO: CoinDesk's Consensus Magazine unveils its latest special project, spotlighting 19 blockchain, crypto and Web3 projects to watch in 2023.

By James RubinApr 18, 2023

Markets

Ethereum Shanghai Upgrade Leads to Huge Influx of ETH at Exchanges

Ethereum’s seamless implementation of withdrawals, also known as the Shanghai upgrade, on April 12 led ETH’s price to rally above $2,100, its highest level since May 2022.

By Krisztian SandorApr 17, 2023