Ethereum's ongoing price plunge can be a result of this ‘ghost from ETH's past'

Ethereum's ETH circulating supply has dropped considerable since the much-awaited Merge. According to data from ultra sound money, the supply of the leading altcoin has increased by just 5,000 and an annualized inflation rate of 0.19% since 15 September.

Timeline of Ethereum

The Ethereum hard fork token (ETHW) has been popular after playing off the popularity of the Ethereum Merge. The fork was carried out in a bid to keep Ethereum in its original proof of work mechanism, and the ETHW token resulted from it.

Earlier this week, the Securities and Exchange Commission (SEC) buried a very broad and very big jurisdiction claim 69 paragraphs down in a lawsuit about a 2018 initial coin offering (ICO) it claimed was an unregistered securities offering. The case involves an ICO for SPRK tokens issued by the Sparkster blockchain project.

Ethereum and the larger market continued to see red signals in terms of price after witnessing short-term gains. However, despite the cautionary tales and price headwinds, stakers and holders continued to build the post-Merge Ethereum castle.

Nounlets are a new collection out of the CC0 NFT project Nouns. There are only 100 Nounlets, each representing 1% ownership of one Nouns NFT.  The post The first Nounlet, a new collection out of NounsDAO, sold for 4.2 ETH appeared first on The Block.

Nounlets are a new collection from the Tessera. There are only 100 Nounlets, each representing 1% ownership of one Nouns NFT.  The post The first Nounlet just sold for 4.2 ETH appeared first on The Block.

At the end of last week, the White House followed up on its March executive order with the "First-Ever Comprehensive Framework for Responsible Development of Digital Assets."  It was a historic moment for the U.S. crypto community, which is finally beginning to receive some guidance from the Federal Government regarding digital assets.

Ethereum – the world's second largest digital currency by market cap and the number one competitor to bitcoin – allegedly experienced its turn from proof of work (PoW) to proof of stake (PoS) just over a week ago.

Over the last quarter, the underlying risks of CeFi have become evident to the global crypto community. While the accessibility, fixed interests, and cross-chain services of CeFi are unmatched by DeFi services, its lack of transparency and control is significantly concerning for the users.

Ethereum completed a major network upgrade, marking the crypto world's most ambitious software upgrade to date and paving the way for changes that could fuel increased commercial blockchain usage.

It's no secret that Ethereum (ETH)'s landmark Merge upgrade last Thursday, which was billed as one of the defining moments in cryptocurrency history, went off with less of a bang than expected. Even worse than anticlimactic, ETH responded with a fair swift bear run as investors sold the news after buying the hype.