The Merge


Markets

Market Wrap: Markets Trade Lower Despite Success of Ethereum Merge

Ether was down more than 9% at one point as traders decided to “sell the fact” following a nearly seamless Ethereum Merge.

The Merge was successful, but ETH fell 9%. (Deepak Maurya/Unsplash)

Finance

Ethereum Miners Are Quickly Dying Less Than 24 Hours After the Merge

Now-redundant, Ethereum miners are flocking to other proof-of-work tokens after the network switched to a proof-of-stake consensus mechanism and finding slim pickings.

Activist investor reported to have been pushing Riot to move into HPC. (Unsplash, modified by CoinDesk)

Policy

SEC’s Gensler Signals Extra Scrutiny for Proof-of-Stake Cryptocurrencies: Report

Speaking after the Merge (but not specifically about Ethereum), SEC Chair Gary Gensler said proof-of-stake cryptos could be investment contracts that subject them to securities regulations.

WASHINGTON, DC - SEPTEMBER 14: Gary Gensler, Chair of the U.S. Securities and Exchange Commission,  testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on September 14, 2021 in Washington, DC. (Photo by Evelyn Hockstein-Pool/Getty Images)

Finance

Vitalik Buterin Says Ethereum Merge Cut Global Energy Usage by 0.2%, One of Biggest Decarbonization Events Ever

Ethereum now spews out less carbon dioxide than a few hundred U.S. households, according to a report.

(Midjourney/CoinDesk)

Tech

La fusión de Ethereum ya es un hecho y abre una nueva era para la segunda blockchain más grande

La histórica actualización deja de lado a los mineros que hasta ahora habían impulsado la red y promete enormes beneficios ambientales.

Ethereum merge (Dall-E/CoinDesk)

Tech

El hashrate de Ethereum Classic y Ravencoin se duplican tras el merge

A partir del jueves, Ethereum cambió a un sistema que ya no necesita de mineros.

Ethereum merge (Dall-E/CoinDesk)

Tech

Ethereum Merge Brings 'Sell-the-Fact' Price Move in Crypto Markets

The price stability that prevailed after Ethereum's shift to a more energy-efficient proof-of-stake network suddenly evaporated as ether slid 9.1%, its worst day since late August.

The Ethereum Merge watch parties are over. Now the hangover seems to be hitting crypto markets. (Creative Commons)

Markets

High Bid on NFT of Ethereum’s Final PoW Block Is Just One-Third What Creators Paid to Mint It

Vanity Blocks paid roughly 30 ether to crypto miner F2Pool to mint an NFT of Ethereum's final proof-of-work block.

Bids on "The Last POW Block" are half of what its creators paid to create it. (OpenSea)

Markets

First Mover Americas: Smooth Ethereum Merge Disappoints Ether Volatility Bulls; ETC Rallies

The latest price moves in crypto markets in context for Sept. 15, 2022.

The Merge went smoothly and ETH held steady. (CoinDesk)