The Merge is predicted to reduce Ethereum’s energy consumption by 99.95% – considered to be positive for the network's sustainability and security. Based on the latest estimates, the changeover will take place late Wednesday or early Thursday.
There’s a lot of speculation among crypto traders as to how it will all play out. The blockchain analytics platform Nansen and data firm Kaiko have published reports on what to watch.
Funding rates are similar to interest rates – but for traders: It's what they pay for leverage when betting on cryptocurrencies. When they’re negative, generally speaking, it means that there’s more demand from traders to bet on price declines.
The research found that investors are increasingly turning to futures markets over spot markets to readjust their exposure ahead of the Merge, which leaves the market “primed for a potential short squeeze.”
If the Merge goes ahead successfully, one would expect these short futures positions "to be closed out and funding to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...