BitMEX Co-Founder: In ‘Short Term' All That Matters Is Rate of $ETH Issuance per Block

On Friday (September 23), Arthur Hayes, Co-Founder and former CEO of BitMEX, talked about how he expects the Ethereum ($ETH) price to change in the next few months. In a blog post published yesterday, Hayes said: “As I have said in various interviews, the only thing that I believe matters in the short term (i.e.

Timeline of Ethereum

Last week, Ethereum (CRYPTO: ETH) formally abandoned the energy-intensive, miner-based approach it had previously used to process changes to its decentralized ledger, by switching from proof-of-work to proof-of-stake. This was a momentous change.

Vitalik Buterin – the co-founder of popular cryptocurrency Ethereum, the second largest digital asset by market cap – has stated that as the beacon chain hard fork happened on September 6, all Ethereum-based clients need to ensure their systems are fully updated.

Ethereum's [ETH] co-founder, Vitalik Buterin, recently commented about the king of altcoin's next steps. While attending the 2022 Messari mainnet event virtually, Vitalik said that the surge was the next move after its successful translation to Proof-of-Stake (PoS).

The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion.

Ethereum (ETH/USD) price remained under pressure as the recent Merge failed to lift prices and the VIX index surged. The coin crashed to a low of $1,210, which was the lowest level since July 16 of this year. It has crashed by more than 35% from its highest level this month.

Ethereum price analysis is bearish today as we have seen a steady move higher with low momentum. Therefore, the resistance around $1,250 previous local high should be enough to reverse ETH/USD even lower.

One of the most heated debates surrounding Ethereum's transition to a Proof-of-Stake network focused on the issuance of ETH. The post Research: Is ETH inflationary or deflationary after the Merge?

In the midst of the bearish market cycle, Ethereum (ETH), the second largest cryptocurrency by market cap, has dropped nearly 30% from its September peak of $1,789. Most of the investors and traders expected September to be the most important month of the year for ETH, but the currency couldn't hold on to the claim.

Earlier this week, the host of the popular crypto market commentary show Coin Bureau discussed the pros and cons of Ethereum's recently-completed Merge upgrade. As you probably already know, on September 15, Ethereum completed its Merge upgrade, marking its transition from proof-of-work (PoW) to proof-of-stake (PoS).

Since the highly anticipated Merge event, Ethereum has performed poorly and was a turning point for the cryptocurrency sector. The Merge happened at the worst conceivable time, despite the expectation that it would increase investor confidence.