Bankless

Post-Merge Recap | White House & U.S. Crypto Regulatory | $160M Wintermute Hack | Do Kwon on the Run?

4 snips
Sep 23, 2022
Dive into the fallout from the Ethereum merge as market dynamics shift. The White House's new crypto regulations raise eyebrows, while a shocking $160 million hack sends ripples through the community. Explore the captivating world of NFTs with Universal's interactive scavenger hunt amidst ongoing scrutiny of Tether. Plus, the mysterious case of Do Kwon and his legal troubles adds an intriguing layer to the ongoing crypto narrative. With employment opportunities emerging despite bearish trends, the spirit of exploration and innovation remains alive.
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INSIGHT

Merge Priced In

  • The Ethereum Merge was priced in, as evidenced by ETH dropping 14% post-merge.
  • The market's focus has shifted to the next catalyst, contributing to the price dip.
INSIGHT

ETH Supply Dynamics

  • Despite not being immediately deflationary, ETH issuance significantly slowed post-merge.
  • Increased gas fees and network activity can quickly offset daily ETH inflation.
INSIGHT

New Network Roles

  • The Ethereum network now employs block builders and relayers, adding complexity to the ecosystem.
  • These roles offer new opportunities for participation and competition within the network.
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