Between a digital asset crash and increasing competition for a dwindling number of investors, it has been a tough year
for trading platform Coinbase Global COIN –0.34% An update to one of crypto’s key networks could be good news the stock dearly needs.
Anticipation is building for Ethereum’s “Merge,” a process that will fundamentally change the blockchain network that underpins Ether ETHUSD –1.89% the second-largest crypto after Bitcoin BTCUSD –1.59% Expected to start on Sept. 6 and finish by Sept. 20, the Merge will change how Ethereum is secured and, in the process, slash the network’s intensive carbon footprint and reduce the supply of Ether—both of which are expected to support prices.
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https://www.barrons.com/articles/coinbase-stock-price-ethereum-merge-51661970555
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