Proof of Stake cut $21 billion ETH from circulation as deflation falls to 1.4%

The Ethereum network has seen a reduction of 417,413 ETH in supply since transitioning to a Proof-of-Stake (PoS) consensus mechanism in September 2022, per data from ultrasound. money. In the 540 days since The Merge, 1,509,991 ETH has been burned while the network has issued 1,092,578 new ETH, resulting in a net decrease.

High volatility drives spot Bitcoin volume to $26 billion

Quick Take Recent Glassnode’s data captures intriguing shifts in Bitcoin’s spot volume, tracking the aggregate trading volume of Bitcoin against USD-based currencies, both fiat and stablecoin, across various exchanges.

Ethereum Post-Merge Update: Where have the miner rewards gone?

Analysis on PoS Ethereum’s supply growth and yields for ETH stakers

The post Ethereum Post-Merge Update: Where have the miner rewards gone? appeared first on CryptoSlate.

Ethereum Price Stalls While Bitcoin Dips Below $20,000 Post Merge

Finally, the Ethereum Merge long-awaited Merge has occurred. As the most hyped historic event in the crypto space, many people projected different sentiments about the upgrade. Parts of the pre-merge reactions were negative.