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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.
First Mover Asia: Bitcoin Continues to Look East for Strength
ALSO: CoinDesk columnist Glenn Williams Jr. writes that on-chain indicators show that 70% of Bitcoin addresses are profitable
Ethereum’s Shanghai Upgrade Will Not Crash Ether Price, Analysts Say
Crypto analysts CoinDesk interviewed are saying concerns are overblown and selling pressure will be limited.
Bitcoin, Ether Trade Marginally Lower Following Release of Discouraging Jobs Data
A persistently robust employment market has played a major role in capping asset prices, though a floor seems intact as well.
Shanghai + Capella = 'Shapella': How Ethereum Devs Now Refer to Upcoming Upgrade
Technically the Shanghai upgrade is only on the execution side of Ethereum. Capella is the simultaneous upgrade happening on the consensus side. Hence the merging of the two names to “Shapella.”
Ethereum Developers Target March 14 Date for Shanghai Upgrade on Goerli Testnet
The event will be the last “Shapella” dress rehearsal for Ethereum’s upcoming hard fork.
First Mover Americas: Bitcoin Falls to Below $23.5K
The latest price moves in crypto markets in context for March 2, 2023.
First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin
ALSO: In an appearance on CoinDesk TV, Tron founder Justin Sun discussed Huobi's potential unveiling of a new Hong Kong exchange, and said the city's evolving approach to digital asset licensing could shift attitudes in mainland China.
Bitcoin Holds Strong Over $23.6K to Continue Recent Consolidation
DeFi giant Maker’s MKR token surged nearly 19%. Equities turned mixed amid ongoing investor worries about inflation.
Bitcoin, Ether Settle Into a Range as Indicators Point Neutral
Bitcoin and ether’s rapid price acceleration to start 2023 has leveled off as investors worry about potential crypto regulation, inflation and the economy.
Bernstein Sees 'Cautious' Ether Price Until Shanghai Upgrade
The firm noted that investors are worried about a "supply overhang."
