What happened
Ahead of the upcoming “merge” that will combine the Ethereum (ETH -3.35%) proof-of-stake Beacon Chain with its existing network, anticipated for August, investors have yet another headwind to grapple with today. As of 9:30 a.m. ET, Ethereum is the worst performer among top 10 cryptocurrencies by market capitalization, dropping 10% over the past 24 hours.
This move was driven by a seven-block reorganization, or reorg, yesterday. Ethereum’s Beacon…
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