ETH Supply change After the Merge; NASA Moon Rocket Back in Hangar: Tech Market Roundup

ETH supply change after the merge! Get more such first-track insights to stay updated

Good Morning Tech Fam, here's a quick tech update for you to catch on:

What's new today: NASA's moon rocket returned to the safety of its hangar Tuesday as Hurricane Ian approached Florida, its launch now unlikely before mid-November; Crypto exchange Celsius Network's Chief Executive Officer Alex Mashinsky has resigned from his position.

Fast-Trach Insights: Apple's newest phone iPhone 14 will be made in India; FTX, a cryptocurrency trading firm won the bid to acquire Voyager Digital.

According to a Cryptopotato.com report, the current staking rewards rate is about 1,700 ETH every day. About 14 million ETH tokens are currently staked and 1,700 ETH is released every day to eligible stakes. The supply of ETH tokens in market circulation has increased by over 5,990 tokens ever since the 'Merge', according to a blockchain activity tracking website, ultrasound. Money.

FTX, a cryptocurrency trading firm won the bid to acquire Voyager Digital, a cryptocurrency investment company that had filed for Chapter 11 bankruptcy in July. According to the release Voyager has accepted FTX's US$1.4 billion buyout deal, defeating Binance and Wave Financial in the bid to buy the bankrupt corporation.

Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including the iPhone SE, iPhone 12, iPhone 13, and, now, iPhone 14.

NASA's moon rocket returned to the safety of its hangar Tuesday as Hurricane Ian approached Florida, its launch now unlikely before mid-November. Instead of trying to send it on its first test flight, the launch team moved the 322-foot (98-meter) rocket off the pad at Kennedy Space Center. The four-mile (6.4-kilometer) trip took all night.

Crypto exchange Celsius Network's Chief Executive Officer Alex Mashinsky has resigned from his position. Chris Ferraro has been appointed as the interim CEO of the crypto lender. Ferraro will also take charge as the chief restructuring officer of Celsius. Currently, Celsius is under bankruptcy proceeding due to a liquidity crunch. Mashinsky exits when the company is seeking protection from creditors.