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

Institutional Traders Split Between Bitcoin, Ether: Bybit Research

Numbers from the exchange show institutional traders largely ignored alternative cryptocurrencies in favor of perceived "safe" assets.

Institutional traders are more bullish on bitcoin than alternative cryptocurrencies. (Hans Eiskonen/Unsplash)

Markets

NFT Prices Are Still Lagging Behind Ether's Gains

Ether is up 70% year-to-date, but NFT indexes are still down 16% in dollar terms and 50% when denominated in ether.

Lemon NFT collection. (Lemon OpenSea Website)

Markets

CME-Listed Bitcoin, Ether Futures Flash a Rare Bullish Signal

The rare signal indicates that institutions have long exposure but not via spot, one observer said.

A user tracks charts on an tablet with a keyboard and larger monitor in the background.

Markets

Bitcoin Buffeted Then Bounces on Binance/U.S. Settlement Report

Prices tumbled Tuesday morning as the DOJ announced an imminent major crypto enforcement action, but then rebounded

Crypto prices yo-yo on Binance news (Getty Images)

Markets

AVAX, NEAR Beat Ether and Bitcoin as Wall of Red Continues in Asia

AVAX is up 8% in the last 24 hours, while bitcoin is trading below $36,500

Avalanche AVAX crypto token (Getty)

Finance

Hong Kong Gaming Company Boyaa Interactive Seeks Approval to Buy $100M in Crypto to Boost Web3 Strategy

The company's plan highlights Hong Kong's rising profile as a digital asset hub.

Hong Kong (Unsplash)

Videos

Ether Surges on BlackRock’s ETF Plans; A Milestone for Michael Saylor’s Massive Bitcoin Bet

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the price action for bitcoin (BTC) and ether (ETH) after a Nasdaq filing confirmed BlackRock's plan to file for an ETH-based exchange-traded fund (ETF). The rising price of bitcoin has pushed the asset’s largest public holder, Michael Saylor's company MicroStrategy (MSTR), to unrealized gains of over $1.1 billion. Plus, Celsius is cleared to exit bankruptcy.

CoinDesk placeholder image

Markets

Was Ether's Bitcoin-Beating Surge a One-Off, or Has The Tide Really Turned?

Key options market gauge suggests ether could continue to see more action than bitcoin in the coming weeks.

Candle chart with moving average lines

Tech

Ethereum Fees Briefly Jumped to $100 After BlackRock’s ETH ETF Filing

Fees spiked to as high as 270 gwei late on Thursday, the data shows, temporarily touching a level last seen in June 2022.

(Dan Gold/Unsplash)

Markets

Ether Surges to 7-Month High, Outshines Bitcoin on BlackRock ETF Plans; Altcoins Plunge

Bitcoin hit an 18-month high near $38,000 before pulling back sharply.

ETH price (CoinDesk)