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 (Sidhartha Shukla/Bloomberg)

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.

Sidhartha Shukla / Bloomberg:
A wallet linked to the suspected FTX hacker swapped ~$49M of stablecoins for ether, taking its haul to 228,523 ETH and becoming the 35th largest ETH holder  —  The hacker who raided Sam Bankman-Fried’s collapsed crypto exchange FTX is now one of the world’s biggest holders of the token Ether.

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 …

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.

Rafaela Lindeberg / Bloomberg:
Swedish last-mile delivery startups Instabox and Budbee plan to merge and create Instabee, valued at ~$1.66B  —  Swedish last-mile delivery operators Instabox AB and Budbee AB plan to merge to create a new company at a valuation of 18 billion kronor ($1.66 billion), according to an emailed statement.

TechCrunch:
BrandTotal and Unimania agreed to a permanent injunction banning them from using and scraping Facebook and Instagram, and will pay a “significant financial sum”  —  Facebook parent Meta has settled a lawsuit in the U.S. against two companies that had engaged in data scraping operations …