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

Start of the End? Testnet Goerli Ether Spikes to $1.60 as Traders Jump on Opportunity Meant for Developers

LayerZero offered developers a way to get their hands on intrinsically worthless gETH tokens for testing purposes – but traders jumped on that opportunity, leading to an uncannily high-valued market.

By Shaurya MalwaFeb 27, 2023

Traders are speculating on goerli ether. (DALL-E/CoinDesk)

Markets

First Mover Asia: Solana in the Green After Weekend Deep Freeze

ALSO: CoinDesk Chief Content Officer Michael Casey considers why the U.S. Securities and Exchange Commission has overreached in its recent actions against crypto entities, and that the crypto industry must improve its lobbying efforts.

By Sam Reynolds, Michael J. CaseyFeb 27, 2023

Markets

First Mover Asia: Resilient Bitcoin Rebounds Above $24K Despite Investors' Inflation, Labor Market Concerns

ALSO: CoinDesk analyst Glenn Williams explains the significance of bitcoin funding rates' 10-day, positive streak.

By James Rubin, Glenn Williams Jr.Feb 24, 2023

A child jumping on a trampoline (Shutterstock)

Opinion

What the Ethereum Shanghai Upgrade Will Mean for ETH Liquidity

A significant change to Ethereum’s proof-of-stake system is slated for March, which will likely incentivize a wave of building and consumer choice in the “liquid staking” sector.

By Kevin de PatoulFeb 23, 2023

Markets

First Mover Asia: Bitcoin Seesaws Above $24.1K Following Mixed FOMC Minutes

ALSO: Shaurya Malwa considers how nefarious market participants are attempting to benefit from the ongoing ChatGPT craze in technology circles by issuing fake tokens branded after the artificial intelligence chatbot.

By James Rubin, Shaurya MalwaFeb 23, 2023

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

Markets

First Mover Asia: Deconstructing Crypto's China Narrative

ALSO: Here's why it's important bitcoin hits $30,000

By Sam ReynoldsFeb 22, 2023

Markets

First Mover Asia: Bitcoin Edges Toward $25K During Slow Economic Day

PLUS: Organizers of last year’s trucker-themed "Freedom Convoy" openly flaunted a court-ordered Mareva injunction used to freeze fundraised crypto. A Canadian judge said cryptocurrencies required more study, but declined to suggest stronger rules for the country.

By Sam ReynoldsFeb 21, 2023

Markets

First Mover Asia: Bitcoin Opens the Week Testing $25K

ALSO: Hong Kong unveils its crypto licensing framework for Virtual Asset Service Providers in June, but the regulation will not allow retail investors to trade digital, contrary to what a recent tweet suggests. The regulation focuses on accredited, professional investors.

By Sam ReynoldsFeb 20, 2023

Markets

Unlike Merge, Ethereum's Shanghai Upgrade Could Bring Ether Price Volatility

Institutional liquidity provider OrBit Markets suggests buying an ether volatility swap to profit from an expected increase in price turbulence after the Shanghai upgrade.

By Omkar GodboleFeb 17, 2023

Man staring out window at lightning storm (Grant Faint/Getty Images)

Markets

First Mover Asia: Crypto Momentum Falters as Bitcoin Retreats to $23.6K

ALSO: Sam Reynolds considers a rising trend of crypto startups postponing their token launches, part of the fallout from the collapse of crypto exchange FTX and its trading arm Alameda Research.

By James Rubin, Sam ReynoldsFeb 17, 2023