Ether

CoinDesk placeholder image

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.

Read less...

Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)
Risk Assets Like Bitcoin Are Defying Low Fed Rate Cut Expectations: Analyst
An interest rate cut isn't likely on the table, but risk assets are doing just fine
Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)

(Rachel Sun/CoinDesk)
Peter Thiel Made $200M Investment in BTC, ETH Before Bull Run: Reuters
A source said that the investment was split evenly between the two digital assets.
(Rachel Sun/CoinDesk)

(Jesse Hamilton/CoinDesk, modified)
Ether’s Prometheum Test
The “only U.S.-registered crypto securities platform" is listing ETH in a bold test of the U.S. Securities and Exchange Commission's thesis that most cryptocurrencies are secu...
(Jesse Hamilton/CoinDesk, modified)

Bitcoin price on February 7 (CoinDesk)
Bitcoin Tops $44K, With Whale Accumulation Suggesting Conviction in More Price Gains
Continuing advances for U.S. stock markets also likely supported risk assets like crypto, with key indices making new all-time highs.
Bitcoin price on February 7 (CoinDesk)

ETH price on February 7 (CoinDesk)
Ether Tops $2.4K as Cathie Wood's Ark, 21Shares Amend Spot ETH ETF Filing
The updated prospectus brings the spot Ethereum ETF application more "in line" with the recently approved spot BTC ETF prospectus, one analyst noted.
ETH price on February 7 (CoinDesk)

(Nikhilesh De/CoinDesk)
SEC Delays Another Ether ETF Application
A decision for approving or denying a joint Ether ETF product has been pushed back, in line with analyst expectations.
(Nikhilesh De/CoinDesk)

Sale (Justin Lim/Unsplash)
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to a spot exchange-traded fund (ETF).
Sale (Justin Lim/Unsplash)

Trader, City, London (Tumisu/Pixabay)
Traders Prefer Bitcoin to Ether Despite Developing Spot ETH ETF Narrative
The ether-bitcoin forward term structure is downward sloping structure, which means that traders expect ETH to perform weaker than BTC as time goes by, one trader said.
Trader, City, London (Tumisu/Pixabay)

Punk #4953 NFT (OpenSea)
NFTs Outpaced Ether's Gains in January
Ether prices are set to close the month just over 2% higher, while major NFT indexes have advanced almost 10%.
Punk #4953 NFT (OpenSea)

Ether prices seen rising ahead of ETF approval (Unsplash)
Ether Could Hit $4,000 With Likely Spot ETH ETF Approval in May: Standard Chartered
The British bank expects the SEC will treat spot ether ETF applications similarly to bitcoin ETFs and anticipates approvals on May 23.
Ether prices seen rising ahead of ETF approval (Unsplash)