Ethereum Activates Bellatrix Upgrade, Ready For Merge – September 6

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $19,765

Bitcoin price tested $20,000 once again overnight, in an attempt that was rejected strongly back into the $19,700 range.

Top-20 altcoins have performed well over the last 24 hours, as Ethereum gains 4%, BNB gains 1% and Ethereum Classic rallies another 11%.

Top Stories for September 6, 2022 πŸ”₯

πŸ‘‰ Ethereum Activates Bellatrix Upgrade, Ready For Merge

The “Bellatrix” upgrade has been activated on the Ethereum network, preparing the Beacon Chain for the long-awaited Merge – expected to occur around September 14-15.

Bellatrix was the final step required before the Merge takes place, requiring Ethereum nodes to update their client software. The final upgrade to complete The Merge is called “Paris” and will transition the entire network to proof-of-stake.

πŸ‘‰ Binance Consolidates USDC & Others Into BUSD

Crypto exchange giant Binance has announced that it will be auto-converting USDC, USDP and TUSD deposits into its own Binance USD (BUSD), in a move that it says will improve liquidity and capital efficiency for its users.

Binance will also remove spot trading and margin lending products involving the three affected stablecoins. The exchange has reassured users that they will still be able to withdraw funds in USDC, USDP or TUSD.

πŸ‘‰ 21Shares Parent Company Reaches $2B Valuation, parent company of crypto exchange-traded product (ETP) issuer 21Shares, has hit a $2 billion valuation following a $25 million funding round.

The company is seeking to boost its international presence into the Middle East, already serving in Europe and Australia. Co-founder Hany Rashwan commented that bear markets are “incredible times to build.”