Posted 2 months ago | by Catoshi Nakamoto

Valdimir Zelensky makes an appeal to congress, Ethereum makes a proof of stake milestone and JP Morgan confirms a hellacious recession. This is your nightly news wrap up. Let’s get it!

“Right now the destiny”– “our own future”

Ukrainian President Volodymyr Zelenskyy addressed Congress earlier this morning. He gave a heart wrenching speech, asking the Biden administration and the politicians on Capitol Hill to “do more and act faster.” To drive his message home, he asked us to remember Pearl Harbor, when the skies went black the morning of December 7th, 1941. He asked us to remember 911 when evil turned our cities into battlefields and innocent people were lost. He cited these two specific examples to illustrate to Congress that taking heavy damage from the sky is Ukraine’s reality every day. For the past three weeks, the Russians have bombed countless cities and have targeted cruise missiles and artillery strikes to universities, residential buildings and even kindergartens. Understand that the Russians have crossed more lines than one and they are committing inexcusable crimes of war. Earlier this month, the Russians targeted the “Freedom Square” in Kharkiv to intentionally send a cruel message to the people of Ukraine, intending to strip them of their hope and freedom. Zelenskyy told BBC “This is the price of freedom. This is terror against Ukraine. There were no military targets in the square, nor are they in residential districts of Kharkiv which come under rocket artillery fire.” Zelensky cited this example to Congress as well and pleaded for them to help him to impose a no-fly zone over Ukraine to prevent further civilian deaths.

“Russia has turned the Ukrainian Sky…”- “Humanitarian no fly zone”

Understand the gravity of this conflict. Without even acknowledging the life lost and the damage done, this war has created the largest refugee crisis in over 50 years; causing around three million peoples to flee their homes in an effort to find a safe place to weather the storm. As you can see, the Biden Administration is caught between a rock and a hard place. Although Biden has recently signed a $1.5 trillion dollar spending bill which includes $13.6 billion in aid to Ukraine, (source) Biden is currently opposed to Zelenskyy’s request to provide fighter jets since that would directly implicate us into war with Russia.

CNN reported “Biden is expected to announce an additional $800 million in security assistance, according to an official — bringing the total to $1 billion announced in just the last week and $2 billion since the beginning of the Biden administration.

The President is unlikely to change his military aide plans in spite of Zelensky’s speech, according to officials familiar with the plans. The new assistance will stop short of the no-fly zone or fighter jets Zelensky has said are necessary to sustain Ukraine’s fight against Russia. But the new aid will include more of the defensive weapons the US has already been providing, including Javelins and Stingers.”)

Over on CNBC a bot from JP Morgan said this:
All this bearish sentiment that is hard to sweep under the rug. By the way the VIX she spoke of is the Volatility Index on the Chicago Board Options Exchange. It’s the highest it’s been since December of 2021.

Of course they don’t. Even though she just rattled off some major set backs for the economy; JP Morgan thinks everything is going to be hunky dory by Christmas time because:

3:12 – 3:40 Consumer balance sheets are strong? Since when? Maybe on paper your house has appreciated in value and your car has but neither one of those are things you can turn a profit on because to buy back in is going to cost you an arm and a leg. And that’s even assuming you’re one of the lucky folks who can afford a home, most millennials cannot and rent is going through the roof. Good thing JP Morgan is still run by Bitcoin skeptic Jamie Dimon so the future for them is probably going to be a hard fork into obscurity. Comment below on who you think should run JP Morgan, smash that like button and hit subscribe.

In other news, we are one step closer to Ethereum’s merge to Ethereum 2.0. The ETH testnet, Kiln, has successfully transitioned from proof of work to proof of stake and is up and running. This testnet merge is anticipated to be the last major step before the merge of the ETH mainnet. Although few clients were not producing blocks once they merged on the testnet, this is a perfect example why it’s so important to practice these merges on testnets! That way, when the merge happens for real, there will be minimal hiccups on the Beacon Chain. FTX Access recently Tweeted “They bull case for ETH into the merge explained. Yearly inflation will go down from 4.3% to 0.43%, the equivalent of three halvenings at once.” The market has responded to the roll out of this test net since gas prices have dropped significantly, the price of ETH has gone up around 9% in the past 2 days and most importantly, whales are accumulating! Exchange Whale Alert Tweeted early this morning that over $1.2 million dollars’ worth of Ethereum were bought in large orders in the last five minutes. Any time whales are accumulating in droves, it’s a bullish sign for the optimistic future of Ethereum.

About Catoshi Nakamoto

c6ea0c3794492f30883e516d39b2597a?s=90&d=blank&r=g Ethereum Unveils MAJOR Upgrades (Russia & Ukraine War Largest Refuge Crisis in 50 Years)Activist/Journalist, former writer - We Are Change, The Mind Unleashed, Coinivore, others. Currently writing for - Activist Post and Bitboy Crypto. Not Right or Left Apolitical. I Care About Truths (CATS.) Cryptocurrency enthusiast, I mined and lost 100+ BTC in 2010-2011. I work with - Bitboy, SoMee, CEEK, Presearch, and W3BT aka FMW Media Group. Friend of mostly everyone who isn't a dick. Just A Cool Cat.