Ethereum completes long-awaited 'Merge,' shifting to energy-saving proof-of-stake system

Welcome to today's edition of the news. Today, we'll be discussing the Ethereum merge that will make its crypto transactions greener, the U.S. Senate grilling SEC's Gensler over climate, China and crypto, Galaxy Digital being sued for $100 million for ditching a landmark Bitgo deal, and more.

• Ethereum completes the 'merge' that will make its crypto transactions greener: The long-awaited update to the Ethereum network has finally been completed, and it is a move that is expected to cut the energy use of the blockchain by 99%.
• The Ethereum merge, explained: The update to the Ethereum network, which moves the blockchain from a proof-of-work system to a proof-of-stake system, is a major change that has been in the works for years.
• Ethereum 'Merge' slashes crypto energy use: The long-awaited update to the Ethereum network has finally been completed, and it is a move that is expected to cut the energy use of the blockchain by 99%.
• U.S. Senate to grill SEC's Gensler over climate, China and crypto: The Senate Banking Committee will grill Gary Gensler, the nominee to be the next chairman of the Securities and Exchange Commission, on a range of issues including climate change, China and cryptocurrencies.
• Galaxy Digital sued for $100 mln for ditching landmark Bitgo deal: Galaxy Digital, the digital asset investment firm founded by Mike Novogratz, is being sued for $100 million by a former partner it allegedly broke a deal with.
• Ethereum blockchain has completed major software upgrade, co-founder says: The Ethereum blockchain has completed a major software upgrade that is expected to cut the energy use of the blockchain by 99%.
• U.S. tech-focused hedge funds brace for heavy losses amid market slide: Some of the biggest names in the hedge fund world are bracing for heavy losses as the technology-focused Nasdaq Composite Index plunges.
• Big Divides: The long-awaited update to the Ethereum network has finally been completed, but it has not been without controversy. For some, the move to proof-of-stake is a positive step forward for the blockchain, but for others, it is a step back.
• Ethereum cryptocurrency completes move to cut CO2 output by 99%: The long-awaited update to the Ethereum network has finally been completed, and it is a move that is expected to cut the energy use of the blockchain by 99%.
• Crypto's Long-Awaited 'Merge' Reaches the Finish Line: The long-awaited update to the Ethereum network has finally been completed, and it is a move that is expected to cut the energy use of the blockchain by 99%.
• Treasury Says Sanctions on Tornado Cash Don't Stop People From Sharing Code: The U.S. Treasury Department has said that sanctions on the popular cryptocurrency wallet app, Tornado Cash, do not stop people from sharing the software's code.
• Ethereum Merge has completed its long-awaited update, Buterin says: The long-awaited update to the Ethereum network has finally been completed, and it is a move that is expected to cut the energy use of the blockchain by 99%.
• Ether tumbles 9% following the completion of Ethereum's highly anticipated 'Merge' to energy-saving proof-of-stake system: The value of Ether, the native cryptocurrency of the Ethereum network, has tumbled by 9% following the completion of the network's long-awaited update.
• Here's why the bond market is seeing volatility on par with the 2008 financial crisis.: The bond market is seeing a level of volatility not seen since the 2008 financial crisis, and there are a number of factors driving it.
• Private credit is so hot right now, the execs at SALT were raving about it. BlackRock and Owl Rock are taking advantage of banks' pain to win more of this booming part of Wall Street.: Private credit is a hot investment right now, and BlackRock and Owl Rock are two firms that are benefiting from it.
• Check out 6 stunning images taken by James Webb Space Telescope and what they reveal: The James Webb Space Telescope has taken some stunning images, and here are six of them.
• Ethereum’s Merge Has Finally Been Completed: The long-awaited update to the Ethereum network has finally been completed, and it is a move that is expected to cut the energy use of the blockchain by 99%.
• “No politics” Coinbase rolls out feature to promote crypto-friendly politicians: Coinbase, the largest cryptocurrency exchange in the United States, has launched a new feature that allows users to see which politicians are friendly to the crypto industry.
• The End of /R/GPUMining: The popular subreddit /r/GPUMining has been shut down, and its users are migrating to other forums.
• Ethereum activates The Merge as it shifts to proof of stake: The long-awaited update to the Ethereum network has finally been completed, and it is a move that is expected to cut the energy use of the blockchain by 99%.
• The definitive guide to “modulo