Rank: SR Member
BTC address: bc1qaltzrrhxsky7eqecvtfzxuznrjdalsarrvk0rl

The weekend also brought reports of the first "replay attack" targeting the Ethereum and the recently hardforked EthereumPoW blockchains. As with the invalid blockchain setting that briefly delayed the merge, this exploit was caused by the failure to verify the chainlink ID to determine on which blockchain a transaction was taking place.

Ethereum was down 22% for the week, and Bitcoin was down 10%. The declines echo a similarly down week in which overall economic metrics—ranging from the Consumer Price Index to traditional market indicators Nasdaq and the S&P 500—also fell.

The sugar high of the Ethereum merge on Thursday led into a dour weekend of red for both the newly miner-free ETH and top crypto Bitcoin.

Ethereum is down from its pre-merge perch of $1,580 to $1,335 as of this writing, following a steep drop of 6% within hours of the merge and down 15% overall late Sunday.

Initially, the price of ETH had remained largely flat after the overnight merge, hovering around the $1,600 mark with slight ebbs and flows. However, shortly after 10AM ET this morning, the price sharply dipped from about $1,585 to its current mark. The move is not altogether unexpected.

We'll be monitoring these companies to see how they are behaving,” said Ethereum core developer Tsao. “If they behave maliciously, we can forcefully eject them through social governance.”

Tsao elaborated that censoring blocks would be considered malicious activity by Ethereum’s core developers.

Mining required specialized hardware and access to loads of electricity; staking requires access to capital. For that reason, most major crypto exchanges have lined up to participate in staking ETH. Some, like Coinbase, have explicitly stated that they’re betting their future on staking services. The move makes sense; the more capital an entity pledges, the greater the yield. An exchange like Coinbase, by pledging users’ ETH, stands to proportionally accrue far more than an individual staker.

Bitcoin’s price was volatile Friday following the release of data from the Labor Department—following its trend this week of dipping and diving as investors decide what to do with riskier assets.
Bitcoin at first rallied with U.S. stocks—and when U.S. stocks rally, Bitcoin tends to do the same. The asset has been closely related to equities this year as investors holding cryptocurrencies have been trading them like tech stocks, according to data from Arcane Research.