SummaryThe Merge took Ethereum from its energy-intensive proof-of-work consensus mechanism to an ESG-friendly proof-of-stake method for securing and propagating its blockchain.A recent White House crypto report suggested a proof-of-work ban if actions through DOE efficiency requirements are not sufficient to limit crypto-related GHG emissions.Next year Ethereum prices should benefit from the enabling of withdrawals from the platform's staking mechanism, allowing institutions safe capture of meaningful yield.The main pricing disruption to the technology market and crypto space came during the second quarter this year when interest rate expectations were substantially reset.Recent CPI and PCE reports show elevated, entrenched energy prices, continued acceleration in the growth of food prices and a now surprisingly high core inflation.Bloomberg's US Edition ran an interesting piece last week highlighting crypto's notable outperformance in the third quarter. Cross Asset Markets Editor Joanna Ossinger pointed out Bitcoin's (BTC-USD) relative stability and Ethereum's (ETH-USD) reversal compared to the retreat in both the MSCI's (ACWI) all-county stock index and Bloomberg's total-return global bond index. Bitcoin Ethereum ACWI (all-country stocks) LEGATRUU (global bonds) Q3 Change 3.7% 32% -7.0% -7.0% Sourced from: Crypto Notable Quarterly Performer With Bitcoin Edging Higher, bloomberg.com, 9/29/2022Two takeaways from the arti...
PEPE 60% Below ATH; Time For PEPETO?
