Main Takeaway: Markets Muted Ahead Of Ethereum Merge
The Ethereum Merge is in the final hours of its countdown, however, the historic event is being overshadowed by the recent price crashes and negative macroeconomic conditions. So it’s looking like a successful Merge is unlikely to result in any huge price changes to the upside.
The crypto market is completely neutral d-o-d with most major cryptos being up 1% or down 1%. It’s expected that markets will remain muted until after the US Fed’s next rate hike on September 21st.
Key Stories: South Korea Issues Arrest Warrant For Do Kwon
After the Terra Luna and UST crash that can be said to have kicked off the bear market, many investors and traders who lost their money and life savings started filing complaints against Do Kwon and his team for fraud. South Korean authorities will explore allegations of Do Kwon and Terra’s compliance with the country’s capital markets law.
Today’s Top Gainers
The top five performing coins on Phemex d-o-d are Bitgert (BRISE(1K)/USDT), Celsius (CEL/USDT), Marlin (POND/USDT), Volt Inu (VOLT(1K)/USDT), and Powerpool (CVP/USDT).