Crypto Pulse #20 - The Much Awaited ETH Merge is Complete. Friday, 16th Sep 2022 | Powered by GenShards.
16 Sep 2022, 15:09
Crypto Pulse #20 - The Much Awaited ETH Merge is Complete! 🎉
Friday, 16th Sep 2022 | Powered by GenShards
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⛰Macro Landscape
📌 After years of development and delay, the enormous Ethereum redesign known as the Merge has finally taken place. This has transferred the digital machinery for the crypto asset to a system that uses a great deal less energy (source)
📌 FTX has emerged as the highest bidder for Voyager Digital, which had filed for bankruptcy earlier this year. Will the deal be closed or are higher offers expected? (source)
📌 A United States senator criticised the SEC for not releasing the crypto framework and urged the Congress to intervene (source)
📈 Markets and Ecosystem
📌 After the merge, BTC is trading sub-$20k, and ETH dropped to a multi-week low (source)
📌 A court in South Korea issued an arrest warrant for Do Kwon, the founder of Terraform Labs. LUNA dropped ~20% after this news. (source)
📌 After the merge, ETH has shed the "energy intensive" image associated with proof of work mining. The new "green ETH" narrative can drive investment and adoption, as per experts (source)
🀄️ NFTs and Metaverse
📌 As per an Animoca Brands subsidiary, blockchain game developers need to focus more on making their games "interesting to play" instead of creating fancy tokenomics (source)
📌 The Ethereum PoS transition may be beneficial to the NFT ecosystem (source)
📌 Holders of Blue-Chip NFTs are now eligible for an IRL rewards program, modeled on AMEX rewards (source)
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