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In the weeks leading up to the Merge, NFT trading decreased overall, and this past week has been just slightly better. One of the industry's top marketplaces, OpenSea, has seen $84 million of volume in the past seven days for Ethereum-based NFTs, a 5.3% increase from the week leading up
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“If miners had accumulated Ethereum at a profit, or they need to pay their electric bill, they would be incentivized to sell at a profit, especially with the expected and actual increased volatility,” said Alexandre Lores, director of blockchain market research at Quantum Economics. Original Source
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Cryptocurrencies have been in a bear trend since mid-August after they failed to break above the $1.2 trillion market capitalization resistance. Even with the current bear trend and a brutal 25% correction, it has not been enough to break the three-month-long ascending trend.The crypto markets' aggregate capitalization declined 7.2% to
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What that is, and why it matters. Source
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A discussion on the future of layer 2 blockchains in a post-Merge era. Source
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The change spurred a hard fork, splitting the blockchain in two and giving rise to an offshoot chain called Ethereum PoW. Some exchanges and platforms have shown support for the forked version, which still uses proof-of-work (PoW) verification, and at least 19 former ether mining pools are active on it,
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Ethereum (ETH), dubbed as the ‘leader of all altcoins’ has long carried the burden and pressure of supplanting Bitcoin (BTC) as the
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But just as watching a crystal-studded disco ball slowly descend a pole feels a bit contrived, one couldn’t help but feel a bit underwhelmed when, after years of waiting, a successful Merge was marked by blocky, difficult-to-decipher text on a black-and-white computer terminal. At least New Year’s Eve had fireworks. Original
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A popular trade drove up funding rates to lifetime highs for ether futures. Original Source
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Before the Ethereum merge event, some experts and investors predicted a fall in the price of Ethereum and hence traded cautiously. Popular
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