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Two years and 143 days since Ethereum’s switch to proof-of-stake (PoS), dubbed the “Merge,” Ether (ETH), is once again set to become net-inflationary. The advent of “blobs,” drastically reducing the gas fees paid by Layer Two (L2) networks, bucked the “ultrasound” trend last April, shortly after being introduced via the Dencun upgrade. With a current daily positive supply of just over 1,570 ETH, the balance is projected to flip positive in just over 24 hours. Low usage stops post-merge Ethereum from becoming deflationary Read more: Little-known crypto makes ETH deflationary — but for how long? The post-Merge vision for ETH as an ‘ultrasound’, deflationary asset got off to a slow start, briefly punctuated by panic surrounding the collapse of FTX. With the Merge coming in the depths of a bear market, low network activity saw insufficient ETH burned as the network’s “base” gas fee compared to newly minted tokens. ...

The Bitcoin market price has fallen below its support level, signalling the potential onset of a downtrend towards $49,000. After months of sideways movement, bearish forces are making a play to take control. If sellers successfully break through the key $55,724 to $73,777 range, it could trigger a more significant decline. Former BitMEX CEO Arthur Hayes predicts that Bitcoin could dip below $50,000, while experienced trader Peter Brandt shares a comparable outlook, setting his target at $46,000. Crypto market data daily view. Source:  Coin360 However, not everybody shares the bearish market view. Some analysts anticipate the macro factors to surprise the bears. “Although September is historically a negative month for BTC, the combination of a Fed [United States Federal Reserve] rate cut and a relatively robust US economy could surprise the bears,” Tyr Capital chief investment officer Ed Hindi told Cointelegraph. Will Bitcoin start a new downtrend, p...