Ethereum holds its breath… The second-largest cryptocurrency is expected to undergo a major overhaul — dubbed the Merge — this Wednesday, and it's the talk of crypto town. If all goes to plan (fingers = crossed), ethereum's backbone will switch from "proof of work" (old, energy-hungry) to "proof of stake" (new, energy-efficient). But ahead of ETH's big day: experts are warning of scams and miners are talking hard forks. Ethereum's future depends on the Merge going smoothly — only then will everyone involved breathe easy.
$700 Balenciaga blazer… just for the night. Last quarter, Rent the Runway doubled its sales as the return of IRL events boosted its biz. RTR offers clothes from 750+ designers for rent or purchase. But as #flation weighs on wallets, RTR is doubling down on secondhand fashion — which is forecast to double to $77B in sales by 2027. In July, Saks Off 5th and RTR partnered to offer pre-owned designer pieces at stores and online. We’ll see how resale retail is paying off when RTR reports today. FYI: the stock’s down 46% this year.