headlines
▌Blockworks: The Ethereum merger will take place around September 15th or 16th
Blockworks issued a document stating that the Ethereum merger will take place around September 15th or 16th.
policy
▌Governor of the Central Bank of Brazil: Hope to make the central bank's digital currency work in 2024
Neto, President of the Central Bank of Brazil: Our central bank digital currency is nothing more than a tokenized deposit. It is hoped that the central bank's digital currency will be operational in 2024.
cryptocurrency
▌Bitcoin mining company Core Scientific announces layoffs of 10% Q2 net loss of $862 million
Bitcoin mining company Core Scientific (CORZ) announced its second-quarter financial report with a net loss of $862 million. Core Scientific (CORZ) announced on Thursday that it would lay off 10% of its workforce. Affecting data center operators, two-thirds of the company's growth in 2022 will occur in the second half of the year. According to previous news, Core Scientific sold 1,975 BTC at an average price of $22,000 in July, totaling about $44 million.
▌Study: 63% of traders are bearish on cryptocurrencies
According to a recent Charles Schwab Trader Sentiment Survey, 90% of traders believe a U.S. recession is very likely, with 74% of them believing it will start this year. According to the survey, 18% of traders are now most concerned about the possibility of a recession, up 6% from the previous quarter. This makes about 63% of responding traders particularly negative on cryptocurrencies and meme stocks. The survey also revealed that very few traders intend to buy cryptocurrencies, but they only include non-first-time investors and experienced buyers.
▌DCG founder: The central bank can safely invest in Bitcoin through BlackRock’s Bitcoin Private Trust
With BlackRock's Bitcoin Trust, global central banks now have an easy and safe way to invest in Bitcoin, according to Barry Silbert, founder of Digital Currency Group. In his tweet following the launch of the Bitcoin Private Trust on Thursday, Barry brought up interesting facts about BlackRock’s business relationship with central banks, suggesting that central banks may soon start investing in Bitcoin. BlackRock is the world's largest asset fund manager, with about $9 trillion in assets for institutional clients, including central banks.
▌MakerDAO Considers Buying $3.5 Billion ETH Vitalik Calls It Risky and Scary
According to a tweet, MakerDAO is considering buying $3.5 billion in ETH, converting all USDC from pegged stable modules to ETH. V God (Vitalik Buterin) said that this seems to be a risky and scary idea. If ETH falls sharply, the value of the collateral will drop significantly, but the CDP will not be able to be liquidated, so the entire system will be at risk of becoming a fractional reserve.