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 Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors

Bitcoin and other major cryptocurrencies declined as the crypto-focused lender’s crisis continued to unfold; ether sinks 7%.

By Jocelyn YangMar 9, 2023

Markets

First Mover Asia: Bitcoin Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns

ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March 1. But at least one analyst questions whether it can deliver on its promise.

By James Rubin, Shaurya MalwaMar 9, 2023

Markets

First Mover Asia: Bitcoin, Ether Bounce Back After Being Tested by Fed Chair Powell’s Comments

ALSO: Data from CryptoRank, which tracks crypto fund portfolios, shows that despite massive declines last year, a number of major funds are up over the past three years.

By Sam ReynoldsMar 8, 2023

Markets

Fed Chair Powell's Comments Shift Rate Projections; Bitcoin Holds Warily

U.S. central bank Chair Jerome Powell indicates rates may need to move higher than was previously expected; risk assets decline accordingly

By Glenn Williams Jr.Mar 7, 2023

The Federal Reserve building in Washington, D.C.. (Helene Braun/CoinDesk)

Consensus Magazine

A Closer Look at FTX’s Most Recent Bankruptcy Documents

The exchange owes customers $1.6 billion in bitcoin, and only has $6 million of it on hand.

By George KaloudisMar 7, 2023

Markets

Ether Call Options Look Attractive Relative to Bitcoin as Volatility Spread Dwindles: Matrixport

The crypto services provider suggests collecting a premium by selling bitcoin call options and using the same to fund the purchase of ether calls.

By Omkar GodboleMar 7, 2023

Markets

First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns

A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend means Filecoin needs more than a token rally to be sustainable; bitcoin holds steady at $22.4K.

By Sam ReynoldsMar 7, 2023

Evento de Filecoin Foundation en Singapur. (fil.org)

Markets

Bitcoin, Ether Start the Week Slowly, With Fed’s Powell Testimony Looming

Cryptos’ declines last week appear to be a re-pricing of risk rather than an exit from the space.

By Glenn Williams Jr.Mar 6, 2023

Markets

First Mover Asia: Bitcoin Is Stuck Between Silvergate and China

The largest crypto by market value hovers above $22.4K as investors mull Silvergate's troubles and anticipate likely encouraging economic data from China. ALSO: CoinDesk columnist David Z. Morris considered the gathering of Etherians at ETHDenver, all working together to build.

By Sam Reynolds, David Z. MorrisMar 6, 2023