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

First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings

Crypto Twitter wanted to know the potential consequences of having Alameda and Sam Bankman-Fried as partners in a fund. So we asked a Hong Kong-based lawyer who specializes in asset tracing and recovery; bitcoin dips but not much.

Sino Global Capital founder Matthew Graham. (CoinDesk TV)

Markets

Crypto Markets Today: Gensler Restates SEC’s Crypto Authority

The chairman said the agency has the basic disclosure and governance requirements to hold digital-asset firms accountable, although he did not address the fallout from crypto exchange FTX’s collapse.

SEC Chair Gary Gensler (Kevin Dietsch/Getty Images)

Finance

Crypto Exchange Binance.US Eliminates Trading Fees for Ether

The exchange will also offer additional trading fee discounts to customers who pay their trading fees with BNB tokens.

Las especulaciones recientes sobre el estado de Binance, el exchange de criptomonedas más importante del mundo, también golpearon la participación de mercado de su stablecoin. (Danny Nelson/CoinDesk)

Markets

First Mover Asia: Bitcoin Holds Its $17K Perch Amid Rate Hike Concerns

ALSO: Sam Reynolds writes that Asia is ready for a scaled up, crypto-friendly bank, particularly if the U.S. oversteps in regulating the industry following the recent FTX debacle.

BTC holds its perch at about $19,300, flat over the past 24 hours. (Unsplash)

Markets

Crypto Markets Today: Fir Tree Suit Against Grayscale Adds to Industry’s Growing Woes

The hedge fund wants more details about the Grayscale Bitcoin Trust, which has fallen in value by nearly 75% this year.

Grayscale CEO Michael Sonnenshein (CoinDesk)

Markets

Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP Says

Stocks have overtaken fundamentals and could soon fall back, QCP said.

Las acciones superaron a las mediciones y eclipsaron a bitcoin, según QCP. (Dietmar Becker/Unsplash)

Markets

First Mover Asia: Bitcoin Falls on Inflation Fears but Continues Its Ride Above $17K

ALSO: Sam Reynolds writes that Taiwan-based technology conglomerate HTC is looking to take its virtual headset business public in the U.S. as part of a quest to help cultivate the metaverse. But is the company going in the wrong direction?

Bitcoin continued to ride easily over $17K. (Marianna Lutkova/Unsplash)

Markets

Ether Turns Inflationary as Network Usage Slows

The current positive inflation rate indicates the volume of ether being minted now outpaces the amount being burned.

Ether’s annualized inflation rate returned to a positive value after making a “V-shape” from November's market volatility triggered by FTX. (ultrasound.money)

Markets

Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines

Orthogonal Trading received a default notice, while crypto leader Nexo decided to depart from the U.S. after regulatory discussions hit a “dead end.”

(DALL-E/CoinDesk)

Markets

First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power?

ALSO: Sam Reynolds writes that DeFi total value has been rallying recently after tumbling in mid-November, a sign that investors believe in DeFi's potential.

Bitcoin was hovering near $17.3K. (Oliver Furrer/Getty Images)