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

Bitcoin Shrugs Off Solid Inflation Report, Holds Steady Over $30K

While hourly data showed increased volatility, bitcoin’s daily price movement was relatively calm

By Glenn Williams Jr.Jul 12, 2023

Markets

First Mover Asia: Crypto Market Is on ‘Standby’ as Release of June Inflation Data Nears

PLUS: Chinese Yuan-backed stablecoins are an impossibility.

By Sam ReynoldsJul 12, 2023

Markets

Bitcoin Quiets Down in July After a Tumultuous First Half of 2023

While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month.

By Glenn Williams Jr.Jul 11, 2023

Bitcoin's price has been in the doldrums. (Pixabay)

Markets

Marex Unveils Bitcoin, Ether-Linked Long Strategy With Dollar Index as Hedge

"The dollar index futures act a robust complement to the long-only portfolio from both a thematic and empirical perspective," Marex's Mark Arasaratnam said.

By Omkar GodboleJul 11, 2023

Markets

First Mover Asia: Individual Wallets Holding 1 Bitcoin Hit All-Time High as BTC Maintains $30K

PLUS: Binance.US has a free money problem, but there's not enough trust in the platform to exploit it.

By Sam ReynoldsJul 11, 2023

Bitcoin monthly report. (CoinDesk Indices)

Markets

Bitcoin Falls Back Below $31K After Late Monday Surge

The head of research for digital asset manager 3iQ wrote that the largest cryptocurrency by market capitalization is still riding tailwinds from multiple spot bitcoin ETF filings and other June events.

By James RubinJul 10, 2023

Markets

First Mover Asia: Bitcoin Opens Week Defending $30K Support Level

PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.

By Sam ReynoldsJul 10, 2023

Markets

Storj, Filecoin and Solana Lead First Week of July Crypto Market Gains

STORJ, the native token of the crypto-backed, cloud storage platform, rose 15% on the week, outdistancing bitcoin and ether, among other digital assets.

By Lyllah LedesmaJul 7, 2023

Crypto storage tokens were the biggest gainers for the week. (Shutterstock)

Markets

First Mover Asia: Bitcoin Whales Are Increasing, but BTC Sent to Exchanges Continues to Fall. What Does the Trend Mean?

PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.

By James Rubin, Glenn Williams Jr.Jul 7, 2023