Mike Truppa / The Block:
Ethereum activates its long-awaited The Merge upgrade and transactions are now being processed under proof of stake — – The Merge upgrade is transitioning Ethereum from proof of work to proof of stake. — The Merge is one of the largest technological events in the industry to date.
Reuters:
Chainalysis: Binance processed around $7.8B through Iran’s largest crypto exchange Nobitex since 2018, despite US sanctions; 75% of transactions were in Tron — Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended …
David Pan / Bloomberg:
Ethermine, the largest Ethereum mining firm, will shut down its servers for miners after Ethereum’s Merge, switching its mining pool to withdraw-only mode — Ethermine, the largest Ethereum mining services provider by computing power, will shut down its servers for miners after the blockchain completes its historic technical upgrade.
Mike Truppa / The Block:
Matter Labs, which develops the Ethereum scaling protocol zkSync, raised a $200M Series C led by Blockchain Capital and Dragonfly, bringing its funding to $458M — – Matter Labs has raised $200 million in a Series C round led by Blockchain Capital and Dragonfly.
Sidhartha Shukla / Bloomberg:
After Ethereum’s Merge, a look at four more upgrades to the network that are under active development, called The Surge, The Verge, The Purge, and The Splurge — After much celebration over the successful transition of Ethereum, the question remains what’s next for the most commercially-significant crypto project.
Olga Kharif / Bloomberg:
As Ethereum moves to proof of stake, about 11% of ETH is staked and earning but won’t be withdrawable until the “Shanghai” update, expected in about six months — As the buzz around the revision of the Ethereum blockchain reaches a crescendo, few observers appear to be talking …
Michael Kan / PCMag:
Many crypto miners are shutting off rigs and plan to sell their GPUs, as GPU-based mining for most cryptocurrencies becomes unprofitable after Ethereum’s Merge — Crypto-miners are shutting off their rigs and mulling selling their GPUs since few, if any, cryptocurrencies are currently profitable …
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