Ether

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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.

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(Matt Cardy/Getty Images)
Market Wrap: Bitcoin Pushes Higher Despite Negative GDP Report
Growth in the U.S. economy slows, the yield curve inverts but markets rise anyway.
(Matt Cardy/Getty Images)

BTC is trading above $23,000, interest in Ethereum's options markets is rising and Zipmex files for bankruptcy. (Spencer Platt/Getty Images)
First Mover Americas: No Recession for Bitcoin as U.S. GDP Shrinks, Zipmex Files for Bankruptcy
The latest price moves in crypto markets in context for July 28, 2022.
BTC is trading above $23,000, interest in Ethereum's options markets is rising and Zipmex files for bankruptcy. (Spencer Platt/Getty Images)

Renewed interest in ether bullish plays drives ether options open interest higher. (sergeitokmakov/Pixabay)
Interest in Ether Options Rises to Record as Traders Bet on 'Merge'
"A few hedge fund names have been large buyers of the ETH calls," one trading firm noted.
Renewed interest in ether bullish plays drives ether options open interest higher. (sergeitokmakov/Pixabay)

Ether futures saw over $165 million in liquidations overall. (deepblue4you/Getty images)
Ether Dominates Futures Trading as Shorts See $200M in Liquidations
Crypto markets jumped after the U.S. Federal Reserve’s decision to hike rates by 75 basis points. The move caught short traders by surprise.
Ether futures saw over $165 million in liquidations overall. (deepblue4you/Getty images)

Crypto companies have been cutting jobs. (Getty Images/iStockphoto)
First Mover Asia: Crypto Companies Struggle With Layoffs, but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike
The bear market has forced multiple organizations to cut their workforces, hurting morale and weakening the companies.
Crypto companies have been cutting jobs. (Getty Images/iStockphoto)

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Market Wrap: Crypto Markets Trade Higher as Fed Raises Rates by Expected Amount
Investors had already largely priced in the U.S. central bank’s 75-basis point hike.
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Crypto traders are waiting for the results of the Federal Reserve's meeting on Wednesday. (Gerhard Reus/Unsplash)
First Mover Americas: Crypto Traders Await Fed Meeting, Bitcoin Rises, Cathie Wood's Ark Dumps Coinbase Shares
The latest price moves in crypto markets in context for July 27, 2022.
Crypto traders are waiting for the results of the Federal Reserve's meeting on Wednesday. (Gerhard Reus/Unsplash)

Binance CEO Changpeng Zhao (CoinDesk archives)
First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles
Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls.
Binance CEO Changpeng Zhao (CoinDesk archives)

BTC dropped 6% Tuesday. (CoinDesk Research and Highcharts.com)
Market Wrap: Bitcoin Declines Further as Momentum Wanes
BTC is approaching support at about $20.5K; the options market implies concerns of additional price declines.
BTC dropped 6% Tuesday. (CoinDesk Research and Highcharts.com)

Coinbase is plunging alongside sharp declines for crypto. (Leon Neal/Getty Images)
Coinbase's 20% Decline Leads Crypto Names Lower Following Report of SEC Probe
Bitcoin is lower by 3% on Tuesday, with ether and Solana's SOL down by about 7%.
Coinbase is plunging alongside sharp declines for crypto. (Leon Neal/Getty Images)