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The Surge will have to wait. Ethereum’s developers are prioritizing Beacon Chain withdrawals for the network’s next major upgrade, Shanghai, delaying the implementation of The Surge, the network’s sequel to The Merge, according to the latest Ethereum Consensus Layer call. This marks the first time devs have provided a set window for withdrawals.
Gnosis Chain, a Layer 1 network, is poised to become the second blockchain to transition to Proof of Stake consensus via a chain merge.
The upgrade, which is expected to go live on Thursday around 1:40 PM Eastern Time, will unify Gnosis Chain’s Proof of Stake Beacon Chain with its Proof of Authority (PoA) mainnet, abandoning PoA consensus in the process.
We’ve all heard the (true) story of the blindfolded dart-throwing monkey that got better returns than stock-picking pros. You may have also heard that Elon’s Neuralink is equipping monkeys with intelligence-enhancing brain implants (Also true). So, is itreally soooo crazy to think this could all be his evil plan to “outsmart the market”?
You be the judge. What’s clear is that the unpredictable stock market can make anyone go bananas. But there are alternatives. In fact, as stocks and crypto crashed, one investment platform had 3 recent exits, realizing: +13.9%, +17.8%, and +21.5% net returns each.
It’s called Masterworks. They’re unlocking the $1.7 trillion high-end art market for investors like you. Now, nearly anyone can invest in shares of multi-million dollar art by names like Banksy and Picasso. Why art? Well, contemporary art prices:
Outpaced the S&P 500 by 131% over the last 26 years.
Have the lowest correlation to equities of any asset class, according to Citi
Beat gold, real estate, and stocks in inflationary periods historically
Circle, the issuer of the USDC stablecoin, has terminated its plan to merge with Concord Acquisition Corp, a publicly traded SPAC, by mutual consent. The company had planned to go public in the fourth quarter through a SPAC deal. The deal was first unveiled in July 2021 and valued the Circle at $4.5B. However, in February 2022, the valuation was revised to $9B.
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Solend a decentralized application that enables users to borrow or lend crypto funds. Just like in TradFi, lenders earn interest on their deposits from borrowers. Yet Solend has been the subject of criticism that it isn’t complying with the spirit of DeFi. And the project’s total value locked plunged in November 2022 after the collapse of the FTX exchange.