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

Ether Jumps Above $2K a Day After Ethereum Shanghai Upgrade

The token was up more than 5%. Institutional investors remain in wait-and-see mode, says one analyst.

By Jocelyn YangApr 13, 2023

Tech

Ethereum Unstaking Requests Pile Up After Shanghai Upgrade, Now at 2-Week Wait

Validators looking to fully exit the chain could be looking at a wait of up to 14 days to get their crypto back, according to Rated Network's explorer.

By Margaux NijkerkApr 13, 2023

Markets

Ether Tops $2K After Shanghai Upgrade, Outshines Bitcoin

We are seeing a sell the rumor buy the fact redux, one observer said, explaining ether's post-Shanghai upgrade rally.

By Sam Reynolds, Omkar GodboleApr 13, 2023

Markets

Binance to Support Ether Staking Withdrawals From April 19

Ethereum implemented the Shanghai upgrade early Thursday, opening withdrawals of more than 18 million ETH staked in the blockchain since late 2020.

By Omkar GodboleApr 13, 2023

Markets

First Mover Asia: Major Cryptos Remain Unstirred by Inflation Data, Ethereum Shanghai Fork

ALSO: CoinDesk crypto markets analyst Glenn Williams writes that the recent moves of bitcoin whales may offer clues about BTC's path forward.

By James Rubin, Jocelyn Yang, Glenn Williams Jr.Apr 13, 2023

Tech

Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals

The upgrade on the blockchain, also known as "Shapella," was triggered at 22:27 UTC, and the network is now processing withdrawal requests.

By Margaux NijkerkApr 12, 2023

Markets

Bitcoin Bulls, Bears Wrestle Amid Hopeful Signs in Latest Inflation Data

Volume returned to crypto markets as investors digested the March Consumer Price Index. Bitcoin super-whales may offer a base of support for prices.

By Glenn Williams Jr.Apr 12, 2023

Markets

Bitcoin Hovers Around $30K, Ether Holds Above $1.9K Ahead of Ethereum Shanghai Upgrade

Investors are awaiting Ethereum’s "hard fork," which is expected to go live late Wednesday.

By Jocelyn YangApr 12, 2023

Tech

LIVE BLOG: Ethereum's Shanghai Upgrade

CoinDesk reporters and editors chronicle the first-ever activation of withdrawals from the Ethereum staking mechanism, set for Wednesday at 6:27 p.m. ET (22:27 UTC). We've got the play-by-play on Shanghai – also known as "Shapella" – from what we're seeing on the blockchain and at the watch parties.

By Bradley Keoun, Margaux Nijkerk, Sage D. YoungApr 12, 2023