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Hot on the heels of an official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has now also officially confirmed its support behind Ethereum’s upcoming Merge upgrade and switch to a Proof-of-Stake (PoS) consensus mechanism-based blockchain. The announcement came on the same day as its stablecoin competitor,
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The long-awaited update for Ethereum called The Merge is planned to take place by the end of the year. In the aftermath of the Merge, when the current Ethereum Mainnet merged with the beacon chain proof-of-stake (PoS) system, Vitalik Buterin, the co-founder of Ethereum (ETH), declared that he is "absolutely" concerned
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Ether's options market has seen increased activity in higher strike call options in the wake of Hayes' bullish forecast. According to Patrick Chu, director of institutional sales and trading at over-the-counter tech platform Paradigm, about 7,000 contracts of the $10,000 ether December expiry call options changed hands over the weekend. Source
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A popular talking point among Ethereum maximalists is the “triple halvening” – after the Merge, ETH’s yearly inflation rate will drop from 4.3% to 0.43%, with new emissions falling from 12,000 ETH a day to 1,280 ETH a day. Combined with EIP 1559, which introduced an Ethereum burn mechanism, the
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