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: Crypto Prices Rise on Better-Than-Expected US Inflation News

The consumer price index rose 7%, but many investors anticipated a steeper increase; bitcoin and ether prices notched solid gains during the U.S. trading day.

By Damanick Dantes, Bradley KeounJan 12, 2022

Markets

First Mover Asia: Bitcoin, Altcoins Climb Following Fed Reserve Chief's Inflation Reassurances

The head of the U.S. central bank told the Senate Banking Committee the Fed would continue its tactics to combat rising inflation.

By Muyao Shen, Damanick DantesJan 11, 2022

The Jokes Wear Thin as Inflation Becomes Normal

Markets

First Mover Asia: Bitcoin Below $40K Before Regaining Ground; Altcoins Fall

The declines followed U.S. stock exchange losses as investors anticipate continued hawkishness by the U.S. Federal Reserve.

By Damanick Dantes, Muyao ShenJan 10, 2022

Markets

First Mover Asia: Bitcoin, Altcoins Rebound Amid Light Trading

Bitcoin topped $42,500 on Sunday after reaching its lowest mark since late September the day before; ether reaches over $3,200.

By Muyao Shen, Damanick DantesJan 9, 2022

Markets

2021: The Year of the Alts

The market has decided that it likes bitcoin more than it did a year ago – but it really, really likes ether and its layer 1 rivals.

By Lawrence LewitinnJan 9, 2022

Markets

First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention

ONE, FTM, ATOM and NEAR quickly turned green despite Wednesday’s broader market sell-off.

By Muyao Shen, Damanick DantesJan 6, 2022

Videos

ETH Price More Strongly Linked to BTC Than Ever

A chart featured in the 2021 CoinDesk Annual Review illustrates the 90-day return for bitcoin, ether, and macro assets. In this Chart of the Day report, Galen Moore reflects on bitcoin’s relationship with broader financial markets and ether’s dependence on the BTC price.

Jan 6, 2022

Markets

Bitcoin Falls Below $43K, Leads to $800M in Crypto Liquidations

Over 87% of losses arose from crypto traders in long positions.

By Shaurya MalwaJan 6, 2022

Bitcoin broke below the $46,000 support level on Wednesday. (TradingView)

Markets

First Mover Asia: Bitcoin Continues in Narrow Trading Range, Ether Pops Back Into the Green

Some price-chart indicators show the potential for a short-term BTC bounce if support holds.

By Muyao Shen, Damanick DantesJan 5, 2022

Finance

Grayscale Adds Flexa’s AMP to DeFi Fund, Removes BNT, UMA in Quarterly Rebalancing

The world’s largest digital asset manager announced the updated weightings on Monday, following reconstitution of the CoinDesk DeFi Index (DFX).

By Greg AhlstrandJan 4, 2022