“Everything Is Fine” - Ethereum (No, Seriously)

Article source, here.

TL;DR

• Remember last week when we reported that the Ethereum Shanghai Upgrade was a success, and ETH cracked $2k?

• Well, good news! As of this writing, it's still above $2k - even though $375M dollars worth of ETH has been sent to exchanges in the past week.

• (When folks send their crypto to exchanges, it's often with the intent to sell - and sell pressure = lowered prices).

• That could all change by the time you’re reading this...but for now? Hooooray!

Full Story

Humans are kind of messed up.

We react to bad news, more than we do good news.

...at least, that's the commonly held belief.

But it's not strictly true. See, we react to things that give a heightened physical response (i.e. things that get our heart rates up).

For example:

Things that get us mad = heightened heart rate = high engagement. Things that make us sad = lowered heart rate = low engagement.

Both would be considered 'bad news,' but one yields higher engagement.

(Interesting, no?)

Anyway, this is all to say:

It's easy for us to talk about maddening news (like Gary Gensler's fumbling of crypto regulation, or the many sins of Sam Bankman-Fried) because we're naturally inclined to consume that sort of stuff.

But it's worth stopping to smell the roses, even if it's not breaking news. And that's what we're doing today.

Remember last week when we reported that the Ethereum Shanghai Upgrade was a success, and ETH cracked $2k?

Well, good news! As of this writing, it's still above $2k - even though $375M dollars worth of ETH has been sent to exchanges in the past week.

(When folks send their crypto to exchanges, it's often with the intent to sell - and sell pressure = lowered prices).

That could all change by the time this hits your inbox...but for now? Hooooray!

And sure, the headline theme of 'good stuff that happened, hasn't gone to hell just yet,' isn't the strongest option...

But as we said, it's worth stopping to smell the roses.