The Merge went live on Sept. 15, moving it to a less energy-intensive ‘proof of stake’ (PoS) system with hardly a hiccup. Even though anticipation of the event had seen ether rise about 85% from its June doldrums, it has since sunk 19%, hit along with bitcoin and other risky assets by investor angst over inflation and central-bank policy. Some crypto investors are now turning their attention to the next event that could shake up prices. The next significant upgrade for the ‘Shanghai’ is expected by market participants in around six months’ time, which is aimed at reducing its high transaction costs. Over $20 billion of ether deposits are currently locked up, according to data provider Glassnode. . . .
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