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

Ether in Structural Decline, Year-End Price Target Slashed to $4K: Standard Chartered

Layer 2 blockchains were meant to improve scalability on the Ethereum network, but Coinbase's Base has reduced ether's market cap by $50 billion, the report said.

Standard Chartered. (Shutterstock)

Markets

Ether Sees Record Active Selling Over 3 Months: CryptoQuant

Ethereum has faced record active selling over the past 3 months, per a CryptoQuant report.

ETH: Net Taker Volume (CryptoQuant)

Markets

Crypto Rally Doesn't Hold After Soft Inflation Data

Bitcoin managed a knee-jerk move above $84,000 after the U.S. CPI report, but returned to roughly flat for the day.

Calm waters. (Credit: Atte Grönlund, Unsplash)

Finance

Lukka and CoinDesk Indices to Offer Composite Ether Staking Rate

The CESR captures the mean annualized staking rate earned by Ethereum validators.

CESR (CoinDesk Indices)

Markets

Hyperliquid Loses $4M After Whale's Over $200M Ether Trade Unwinds

The whale liquidation saw wallet ‘0xf3f4’ opening a highly leveraged 50x ETH long position, depositing $4.3 million in USDC as margin for a total size of 113,000 ETH.

whale paola-ocaranza-3RBM2xXEPNo-unsplash

Finance

Ether Whale Prevents $340M Liquidation With Series of Last Minute Deposits

Ether remains at risk of experiencing several on-chain liquidations.

ETH liquidation levels (DefiLlama)

Markets

Dormant Ether Whale Moves $13M in ETH to Kraken

Large movement of coins to exchanges often breeds price volatility.

ETH ICO whale becomes active. (Pexels/Pixabay)

Markets

Should Crypto Traders Ignore Eric Trump? Data Suggests His Views Aren't for Short-Term Speculators

Eric Trump recently shifted his stance to suggest a long-term holding strategy for crypto assets.

Eric Trump (Chip Somodevilla/Getty Images)

Policy

Spanish Bank BBVA Gets Green Light to Offer BTC and ETH Trading: Report

BBVA had been working on allowing crypto trading services since 2020.

Spain flag. (Max Harlynking/Unsplash)

Markets

Ether's 20% Plunge Signals End of 3-Year Bull Run

Ether's price now trades below a trendline that starts from the low registered after the crash of Terra in 2022.

Ether has fallen below a key bull market trendline.  (Eva Blue/Unsplash)

Ether | CoinDesk