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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.
Market Wrap: Bitcoin Returns to Red, Tumbling 7% on FTX Collapse
Other cryptos also fell as investors digested the latest developments in the crypto exchange giant’s unraveling.
Crypto-Linked Stocks Tumble After FTX Files for Bankruptcy
Bitcoin and ether both fell about 6% following the Chapter 11 filing Friday morning.
Ether Turns Deflationary as Amount of ETH Burned Spikes Amid FTX-Induced Market Volatility
Ether's net supply increase has turned negative for the first time since Merge.
First Mover Asia: Possible Legal Filings Could Clarify FTX’s Relationship to Alameda; Bitcoin Hovers Near $17K
Possible legal filings could show how intertwined FTX and its sister company were, even as CEO Sam Bankman-Fried follows through on his promise to shutter Alameda.
Market Wrap: Cryptos Recover Slightly From FTX Fatigue With a Dose of Encouraging Inflation Data
Bitcoin, ether and other major altcoins regained lost ground amid fallout from the crypto exchange’s unraveling after an unexpected decline in the consumer price index.
Ether, Solana Trade at Premium on FTX – Here Is (Probably) Why
The premium stems from users with trapped assets on FTX putting their money into major tokens in hopes of receiving some recovery value, one observer said.
First Mover Asia: Crypto Exchange BitMEX Publishes Proof of Reserves Ahead of Friday’s BMEX Listing; Bitcoin Rebounds After Dropping Below $16K
On Wednesday, Binance, Gate.io, KuCoin and Huobi were among the exchanges that said they would publish Merkle tree reserve certificates. Their announcements came amid the mounting crisis involving FTX.
Market Wrap: Bitcoin, Other Cryptos Continue to Plummet
Crypto prices whipsawed following the announcement that Binance would be purchasing one of its largest rivals, and then said it won't.
Bitcoin Tumbles Following FTX’s Liquidity Crisis
Bitcoin (BTC) dipped 10% and ether (ETH) 17% in the past 24 hours as traders reacted to speculations around prominent exchange FTX’s liquidity issues. Defiance ETFs CEO, CIO, and co-founder Sylvia Jablonski discusses her outlook on the tumbling market.
First Mover Americas: FTX Fallout Heats Up
The latest price moves in crypto markets in context for Nov. 9, 2022.
