TL;DR

Ropsten testnet has been Merged

Ropsten was supposed to reach TTD and go through the Merge transition on June 7-8, and that is exactly what happened today. Ropsten has enabled the Proof of State consensus protocol, which means you can now transact on the network. The testnet will be phased out in the near future. The next testnets to be merged are Goerli and Sepolia.

The Ethereum community was pretty much elated today as the time came and the integration took place. Here are some tweets from members of the core developer's team.

Get the complete information about Ropsten here.

The Merge is a substantial change in supply / demand forces

$10M of daily sell pressure on $ETH would be replaced by ~$8M of buy pressure. This means that "While we now require ~$10M of new money every day to keep the price flat, we would need ~$8M of existing holders to sell their ETH to prevent the price from going up."

Learn more about these in a thread comprising this new picture .

PayPal supports the native transfer of cryptocurrencies

From June 7, 2022 PayPal has started allowing users to transfer cryptocurrencies in their external wallets. "Starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges," the financial giant said in a statement.

Diversify is going beyond Ethereum

They are no longer just a trading exchange they are opening doors toward the entire world of DeFi. They've released their cross-chain feature, which gives you access to a completely separate network with hundreds of more tokens.

Litocoen – how to add sites to Metamask Phishing Detection

Submitting a PR to metamask is the most effective strategy to combat phishing sites who are maybe trying to steal your crypto or what not. It only takes a minute to submit a PR.

Here is a link to a repository explaining this .

Layer 2 analytics after the Optimism token launch

-By Hildobby

Read more

Read more about Ethereum in previous Bulletins -Ethereum Bulletin

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