Speaking hours after Ethereum’s Merge update, SEC Chair Gary Gensler says cryptocurrencies that let holders stake coins may be subject to US securities laws (Wall Street Journal)

Andrew Ackerman / Wall Street Journal:
SEC Chair Gary Gensler signals support for Congress giving the CFTC oversight on bitcoin and ether, as long as the SEC retains its power  —  Former CFTC chief says he could back giving agency oversight of nonsecurity tokens  —  WASHINGTON—Securities and Exchange Commission Chairman Gary Gensler signaled …

David Yaffe-Bellany / New York Times:
A look at Gary Gensler’s plan to regulate most crypto as securities and questions over the SEC’s handling of FTX, which met the regulator before its implosion  —  Gary Gensler, the chair of the S.E.C., is at the center of a reckoning over the future of cryptocurrency after the implosion of FTX.

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.

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.

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 …

Martha Muir / Financial Times:
A look at life for ether miners after the Merge, including repurposing obsolete equipment to mine other cryptocurrencies, host cloud services, and heat homes  —  Ether crypto miners are looking to repurpose technology made obsolete by last month’s “Merge” for other energy-intensive activity …