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

First Mover Asia: It Won't Be Easy for Creditors to Untangle Three Arrows Case, Singapore Lawyer Says

The fallout continues from the crypto industry's slump, with fresh filings from Celsius, layoffs at OpenSea and a short squeeze in Voyager's tokens. PLUS: We talked to a Singapore-based lawyer about the Gordian knot that is the Three Arrows bankruptcy case.

By Bradley Keoun, Sam ReynoldsJul 14, 2022

It might be a delicate business untangling the Three Arrows case. (Pixabay)

Markets

First Mover Americas: BTC Shows Resilience Despite Widespread Risk Aversion, Celsius' Bankruptcy Filing

The latest price moves in crypto markets in context for July 14, 2022.

By Lyllah LedesmaJul 14, 2022

Markets

First Mover Asia: M&A Bankers See Crisis as Opportunity, With Celsius and Inflation in Focus

One analyst says "meh" as bitcoin climbs back above $20K as reports surfaced that troubled crypto lender Celsius might be teeing up a bankruptcy filing. Mergers & acquisitions bankers are seeing a slew of deals stemming from the current market crisis.

By Bradley Keoun, Shaurya MalwaJul 14, 2022

Bitcoin climbing over $20K doesn't generate the enthusiasm it once did. (Creative Commons)

Markets

Market Wrap: Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed

BTC fell 4.5% minutes after the U.S. consumer price index showed June inflation rising to 9.1% but has since recovered.

By Jimmy HeJul 13, 2022

BTC price plummeted 4.5% minutes after the CPI was released but has since recovered to Tuesday levels.

Markets

First Mover Americas: Bitcoin Drops After CPI Data Comes In Hotter Than Expected

The latest price moves in crypto markets in context for July 13, 2022.

By Lyllah LedesmaJul 13, 2022

Markets

First Mover Asia: There's No Universally Accepted Way to Value Three Arrows' NFTs

CoinDesk's Sam Reynolds examines alternate methodologies for valuing the beleaguered crypto hedge fund's NFT collection. Bitcoin slides for a straight fifth day, and doubts are forming over whether the market has hit a bottom.

By Bradley Keoun, Sam ReynoldsJul 13, 2022

Starry Night is the name of Three Arrows Capital's NFT collection. (Unsplash)

Markets

Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet

The liquidity-stricken crypto lender fully paid off its debt to the decentralized finance protocol, freeing $26 million in tokens as part of its latest debt restructuring maneuver.

By Krisztian SandorJul 12, 2022

Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)

Markets

Market Wrap: Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure

Also, some analysts believe bitcoin’s recent dips show the price level is not as critical anymore.

By Jimmy HeJul 12, 2022

Markets

Celsius Reclaims $410M of 'stETH' Tokens After Paying Down $81M Debt to Aave

The embattled crypto lender Celsius is inching closer to fully paying off its loans from decentralized finance protocols, reducing its outstanding debt to $59 million.

By Krisztian SandorJul 12, 2022