In just the last month, CEOs of five major crypto companies have stepped down.
After several bidding rounds, Voyager has accepted a bid from FTX of $1.4 billion.
It is clear that the SEC wants power over Ethereum. Should the courts find the SEC’s arguments convincing and grant them that power, the consequences could be dire.
Just like that, the era of proof-of-work for Ethereum was over, and the era of proof-of-stake had begun.
Last Wednesday, Coinbase proposed that Maker loan $1.6 billion of its USDC reserves into Coinbase Prime in exchange for an annual 1.5% return
The contrast between positive fundamentals from The Merge and the bad macro environment from hot inflation has resulted in a very tricky situation for investors.