A Bankrupt Short Squeeze

The crypto world continues to amaze every week. Voyager Digital announced bankruptcy earlier this month after previously halting all withdrawals on their platform. Shockingly Voyager Token was a different story.

Over the past few days an apparent short squeeze catapulted the price over 500%.

It seems that short sellers were caught on the wrong side of this trade, but is nothing compared to the Celsius short squeeze that happened last month. Celsius saw one of the most volatile trading periods when it rose 2700% in a few days.

Who would've thought buying a token during bankruptcy could be so profitable.

The end of the beginning

Ethereum continues to bounce between the $1000-$1250 level as there is still plenty of uncertainty in the market. Fortunately, Ethereum has something up it's sleeve almost ready to be rolled out. 

Ethereum's Merge is closer than ever before and could be a catalyst for a big jump. The Merge is anticipated for mid September, but there's still more to be done. Here is a look at the upcoming steps before then.

The Merge will completely revolutionize Ethereum as we know it. The upgrade will move the blockchain from Proof-of-Work to a Proof-of-Stake consensus. This will significantly lower energy costs to operate the blockchain which has become one of the most contreversial elements of Proof-of-Work blockchains like Bitcoin.