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

Market Wrap: Bitcoin Climbs Above $24K

The cryptocurrency is largely tracking stocks.

By Glenn Williams Jr., Jimmy HeAug 8, 2022

BTC surpassed $24,000 as BTC funding rates signal bullish sentiment. (Christopher Burns/Unsplash)

Markets

Ether's Deepest 'Backwardation' Since 2020 Crash Shows Traders Prepping for Ethereum PoW Split

Traders have been buying ETH in the spot market and selling ether futures to withstand volatility, creating the unusual dynamic.

By Omkar GodboleAug 8, 2022

Ether futures trade at a discount to spot prices ahead of the Merge. (LauraTara/Pixabay)

Markets

First Mover Americas: Bitcoin Passes $24K for First Time in August; Ethereum’s Buterin Shrugs Off Fork Talk

The latest price moves in crypto markets in context for Aug. 8, 2022.

By Lyllah Ledesma, Omkar Godbole, Shaurya MalwaAug 8, 2022

BTC climbed above $24,000 with volume levels around 310 million. (Daphné Be Frenchie/Unsplash)

Markets

First Mover Asia: Bitcoin Above $23K in Weekend Trading; an Edgy Environment at Seoul's Blockchain Megaweek

Ether and most other major altcoins trade sideways as investors await further economic indicators.

By James Rubin, Sam ReynoldsAug 8, 2022

Bitcoin is hovering over $23,000. (Oliver Furrer/Getty Images)

Markets

Market Wrap: Bitcoin Falls Initially on US Jobs Report, Grinds Higher Later

The positive jobs report may lead to additional Federal Reserve monetary tightening.

By Glenn Williams Jr., Jimmy HeAug 5, 2022

Bitcoin has been grinding upward, currently trading near $23,000. (Chester Alvarez/Unsplash)

Markets

DeFi Protocol Voltz Could Bring 150% Interest Rate on Ether Deposits

As the Ethereum blockchain's Merge approaches, traders and venues are seeing the event as an opportunity to pocket fat yields – possibly signaling a renewed appetite for risk in crypto just months after its big market crash.

By Omkar GodboleAug 5, 2022

With memories still fresh from this year's crypto market crash, the Voltz protocol is already looking for ways to let traders use leverage to take more risk. (Pixabay, modified by CoinDesk)

Markets

First Mover Americas: Bitcoin's Rally Loses Steam After US Jobs Report

The latest price moves in crypto markets in context for Aug. 5, 2022.

By Lyllah Ledesma, Omkar GodboleAug 5, 2022

Bitcoin witnessed some downside after a strong U.S. jobs report for July. (redcharlie/Unsplash)

Finance

Justin Sun Backs Ethereum Hard Fork as Merge Approaches

Sun said he will support development on the existing Ethereum network following the expected merge in September.

By Shaurya MalwaAug 5, 2022

Tron founder and diplomat Justin Sun (Shutterstock/CoinDesk)

Markets

First Mover Asia: Crypto's ‘Learn-on-the-Fly’ Ethos on Display as Bridge Hack Damage Reaches $2B

Bitcoin and ether kept sliding, but barely. Meanwhile, a corporate partnership announcement was enough to send Coinbase shares soaring (and short-sellers running for shelter).

By Shaurya Malwa, Helene Braun, Bradley KeounAug 4, 2022