FIRST MOVER: The crypto market was mostly trading in the green Wednesday morning despite news that popular layer 1 blockchain Solana suffered an exploit Tuesday night. LedesmaLyllah and godbole17 report.
The cryptocurrency wouldn't be ETH post-Merge. With the fork, or code change, Guo would create a new cryptocurrency called ETHPOW, according to Decrypt.a blog post arguing that a new chain might generate some interest from investors and traders.
"Although there are many technical challenges that ETHPoW faces, as long as the chain survives, it looks likely that there could be positive narratives around the coin and leading centralized exchanges are likely to list it," the analysts wrote.“Doing the above trade, you have potentially got more USD for free with almost zero risk! Well, zero risk when only considering certain types of risk, such as price movements,” the BitMEX post states.
“ETHPoW may generate a lot of excitement, and we predict that ETH vs ETHPoW will be a popular trading pair post-split, at least until another interesting dynamic comes along," BitMEX analysts said., there is likely little profit to be made from trading ETHPoW.
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