Ethereum Becomes Deflationary While Price Dives – Trustnodes
EthereumNagiging Deflationary ang Ethereum Habang Nagbaba ang Presyo – Trustnodes 11 / 09 / 2022 Balita ng Ethereum ng Bitcoin Ethereum has fallen to its lowest since July with the crypto diving to $1,160 after it became clear that not all is well at FTX. Rumors circulated last night the exchange had a $6 billion hole. As one might expect, rumors are now circulating Binance might back off any deal. Considering the sensitivity of the matter Changpeng Zhao, Binance’s CEO, has pinagalitan his staff for this leakage, but the only real unknown now as far as the market is concerned is just how much is retail affected, and just how much of this $6 billion is more institutional investors. That price diving comes with a silver lining for eth however as fees spike. The currency has now for the first time contracted in total supply by 842 eth. That’s worth just $1 million, but prior to the merge 655,000 eth, worth $760 million, would have been added to the supply. The current crypto price action therefore would have been a lot worse for eth without the Merge, making this an event quietly celebrated in some corners. Yet, there isn’t much celebration. It’s the depth of bear with bitcoin hitting