The most important information within the cryptoverse for Sept. 15 contains ETH falling under $1,500 as over $150M is liquidated, the primary post-merge NFT “The Transition” minting for $60,000, Charles Hoskinson saying that Ethereum’s Merge adjustments nothing.
CryptoSlate High Tales
Arguably the most important second within the historical past of the Ethereum ecosystem transpired on Sept. 15 as Ethereum migrated to a proof-of-stake community at 06:43 UTC.
And we finalized!
Completely satisfied merge all. It is a large second for the Ethereum ecosystem. Everybody who helped make the merge occur ought to really feel very proud immediately.
— vitalik.eth (@VitalikButerin) September 15, 2022
The Merge is predicted to scale back Ethereum’s energy consumption by 99%.
CryptoSlate live-streamed the lead-up to The Merge on Twitch, YouTube, LinkedIn, and Twitter, in addition to web3 platforms Theta.television and Lens Protocol. The present included visitors from throughout the crypto ecosystem, together with Polygon, Metamask, CoinBureau, Quantum Economics, Polkastarter, and plenty of extra within the 13-hour stream.
Following the success of the merge, a consumer made historical past by spending 36 ETH (roughly $60,000) to mint the primary NFT on the proof-of-stake (PoS) community. The excessive value was a results of the consumer selecting to pay fuel charges far past the common to make sure the transaction went by way of within the first block.
To commemorate the merge, the Panda-faced NFT was tagged “The Transition.”
The thrill across the Merge noticed $ETH begin a rally in the direction of $1,800. Nonetheless, the transfer was shortlived as $150 million was liquidated off the market.
The value of Ethereum briefly touched $1,640 earlier than falling under $1,500. Because of this, roughly $98.6 million in longs have been liquidated, whereas simply $48.3 million in shorts have been liquidated. General, the whole liquidation of $ETH within the final 24 hours exceeded $150 million.
With mining turning into out of date on the Ethereum mainnet, PoW miners have flocked to the Ethereum Traditional ecosystem.
In response to 2Miners information, the migration of miners brought on Ethereum Traditional’s hashrate to achieve a report excessive of 222.5 TH/s, exhibiting a rise of over 250%.
Cardano’s Charles Hoskinson mentioned that The Merge won’t instantly have an effect on the Ethereum ecosystem.
In response to Hoskinson, The Merge is only one step away as Ethereum’s efficiency, working value, and liquidity, are but to be improved.
The Verge and Shanghai forks, that are anticipated earlier than the tip of 2024, will deal with the problems.
Neighborhood braces for ‘fork wars’ after Poloniex’s sudden transfer to assist EthereumFair over ETHW
Justin Solar-backed Poloniex trade has turned its again on ETHPOW. The crypto trade introduced that the group has agreed to undertake Ethereum Truthful (ETF) because the principal proof-of-work (PoW) chain it’ll assist going ahead.
CryptoSlate evaluation of the ETH-BTC dominance chart revealed that Ethereum’s dominance over Bitcoin, which has been rising since July 2021, reached its peak near the Merge date.
For context, at any time when the black space crosses the pink line, Ethereum outperforms Bitcoin, and at any time when the inexperienced line is crossed, Bitcoin dominates.
Information from across the Cryptoverse
Coinbase integrates a crypto-sentiment characteristic
Coinbase has launched a crypto-sentiment characteristic into its app to permit customers entry to crypto-friendly politicians.
The characteristic is part of Coinbase’s crypto lobbying effort forward of the midterm election in November.
Thailand SEC to position a ban on crypto providers
The Securities Trade Fee (SEC) of Thailand is seeking to ban crypto exchanges from providing high-yield providers to depositors.
The regulator additionally proposed prohibiting crypto-related content material promoting within the nation.
Crypto Playing rising on Twitch
Gamblers are turning to the video streaming platform Twitch to earn a share of cryptocurrency paid out by Casinos,
As Bloomberg reported, the usage of cryptocurrency is popping the platform into an internet playing haven.