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: Bitcoin Slides; Mixed Crypto Legacy in Hong Kong for the FCA's Incoming CEO

Bitcoin slides for third day, heads back down toward $20K.

By Sam Reynolds, Bradley Keoun, Greg AhlstrandJul 11, 2022

Inflation will be in focus this week. (Jeffrey Coolidge/Getty Images)

Markets

First Mover Americas: Bitcoin’s Bear Cross Is Bullish and a Big June Jobs Beat

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

By Lyllah LedesmaJul 8, 2022

U.S. payrolls expanded more than expected in June. (Catherine McQueen/Getty images)

Markets

First Mover Asia: Three Arrows Capital Court Order Reveals Interesting Details; Bitcoin Soars Past $21.5K

The Singapore firm’s liquidators must safeguard the company’s assets, which means converting them to tether; ether and other major altcoins rise for a fourth consecutive day.

By Sam Reynolds, James RubinJul 7, 2022

The value of Three Arrows Capital's Starry Night NFT collection has plummeted. (Getty Images)

Markets

First Mover Americas: ETH Climbs 4% as Traders Are Optimistic About Upcoming Merge

The latest moves in crypto markets in context for July 7, 2022.

By Lyllah LedesmaJul 7, 2022

The Merge might be helping push ETH's price higher. (Mint Images/Getty images)

Markets

First Mover Asia: How Inaccurate Data Misled Investors to See Massive Outflows From This Crypto Exchange; BTC Holds Steady Over $20K

KuCoin founder Johnny Lyu said those data feeds plus mislabeled, on-chain wallets propagated rumors last week that led to the token exodus; ether rises in Wednesday trading.

By Shaurya Malwa, James RubinJul 6, 2022

Markets

First Mover Asia: Crypto Game Consoles Aren’t Needed as Web3 Gaming Has Workers, Not Gamers; Bitcoin Dips, Then Regains Its Perch Above $20K

Studios are raising significant amounts of capital, but they must build games that do a better job of engaging users; ether and most other major cryptos rise.

By Sam Reynolds, James RubinJul 5, 2022