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.

Tech

Friend.tech Becomes Massive Ether Money Machine as NBA Players, FaZe Clan Join In

The application has zoomed to becoming the second-largest revenue maker among crypto protocols in just over two weeks.

By Shaurya MalwaAug 21, 2023

image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)

Markets

Bitcoin Plunged 11% in Worst Week Since FTX’s Collapse. What’s Next for BTC’s Price?

BTC slipped below $26,000 amid the crypto market mayhem.

By Krisztian SandorAug 18, 2023

Videos

Bitcoin Falls Below $26K in Absence of Grayscale vs. SEC Court Decision

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin (BTC) trades below $26,000. There's still no decision in Greyscale's lawsuit against the SEC over the approval of a bitcoin spot ETF. Meantime, Bloomberg says Ether futures ETFs will get approval from the SEC. Bankrupt crypto lender Celsius will hold a vote on its plan to sell assets. Plus, crypto lender Exactly has become the latest protocol to be struck by a hack.

Aug 18, 2023

Markets

Single Trader Lost $55M on Ether Long Yesterday

That was nearly 30% of all liquidated futures on Binance, the data shows.

By Shaurya MalwaAug 18, 2023

Markets

Crypto Traders Suffer $1B in Liquidations in Sharp Sell-Off for Bitcoin, Ether

Crypto markets cratered late Thursday with bitcoin (BTC) dropping as low as $25,000 on the crypto exchange Binance.

By Krisztian SandorAug 17, 2023

Los traders inicialmente subieron los precios de xmon para obtener un airdrop de sudo, el token de gobernanza de SudoSwap. (Getty Images)

Markets

Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports

They would join bitcoin futures ETFs that are already approved.

By Nick BakerAug 17, 2023

Markets

Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump

One trading firm has a price target of as low as $24,000 in the coming months in the absence of immediate market catalysts.

By Shaurya MalwaAug 17, 2023

Markets

Bitcoin Slips to $29K, but Fundstrat's Tom Lee Sees $150K on ETF Approval

Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.

By Krisztian SandorAug 16, 2023

Markets

First Mover Asia: Bitcoin Steady Below $30K as SBF Goes Back to Jail

PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the outcome was predictable.

By James Rubin, Bradley KeounAug 13, 2023