Morning Post - September 16

headlines

▌Ethereum is expected to be vigorously adopted by institutions after the merger

Bernstein said in a research report that the new economic model under the ethereum merger combined with token burning may lead to a deflationary situation during periods of high demand. The merger of Ethereum could lead to strong institutional adoption. Given its economic transformation, scalability roadmap, and its vibrant digital economy, blockchain will "become the leader of the digital asset class," Bernstein said. He expects Ethereum (ETH) to see widespread institutional adoption due to its leading market share, market capitalization, and liquidity.

cryptocurrency

▌Main national officials in the euro zone: the digital euro must have privacy and environmental protection

Jinse Finance reported that a document written by officials from major countries in the euro zone showed that the digital euro should protect people’s privacy, be environmentally friendly, and may be limited by holding caps. The document said that the digital euro should not replace cash, but should complement private sector means of payment, such as digital currencies issued by commercial banks. The document added: "A digital euro needs to take into account financial privacy. In general, the identities of payers and payees must not be disclosed to the central bank or to third-party intermediaries not involved in the transaction, except in accordance with EU law." Furthermore, these Officials appeared to agree with ECB executive board member Fabio Panetta's suggestion that people could hold CBDC by lowering interest rates or hard caps to stem the flow of money from the traditional banking system.

▌After the merger of Ethereum, the price of some GPUs dropped sharply by nearly 40%

With the successful completion of the Ethereum merger, the demand for GPU mining machines seems to have shrunk, and a large part of the mining market will no longer focus on GPUs. At present, the price of some GPUs has also fallen rapidly. The price of the RTX 3080 10GB Founder's Edition model on the eBay platform was about $750 or more in mid-June, but it has now fallen to the range of $500-600, with a price drop of 39%.

▌Poloniex announced the selection of EthereumFair (ETF) as the main chain of ETHW tokens

Poloniex released the "Announcement on the Renaming of Ethereum's Forked Token ETHW to ETF", stating that it has decided to choose EthereumFair (ETF), a forked chain supported by a majority of the community and more PoW computing power, as the main chain of the ETHW token. Poloniex will also support other forked chains and forked tokens as appropriate.