Good morning. Here’s what’s happening this morning:Market moves: Bitcoin moved little, while the “tether premium” dropped as Huobi’s deadline approaches.Technician’s take: Long-term momentum is starting to fade, which could limit price gains this month. For now, BTC is holding support above $53K.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto … [Read more...] about First Mover Asia: Markets in Wait-and-See Mode; Bitcoin Hovers Around $57K
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Ethereum in full deflation mode as Eth2 merge gets closer
The Ethereum community has been hard at work over the past few years, laying the foundation for its shift away from its current proof-of-work (PoW) algorithm which has formed the backbone of the blockchain’s operation up until today.Ethereum’s switch to its proof-of-stake- (PoS-) powered Ethereum 2.0 chain is edging closer to reality, with recent updates to its blockchain … [Read more...] about Ethereum in full deflation mode as Eth2 merge gets closer