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As the crypto industry and global investors work through the current bear market, Cumberland takes a closer look at Web3, and the opportunities -- and potential hurdles -- ahead in fulfilling the promise and the utility of decentralization.
While negative sentiment in crypto is arguably at extreme levels right now, crypto is a fast-moving market and changes in the ecosystem are often catalysts for a significant shift in the narrative. One such change Cumberland is closely watching is the Ethereum Merge. Although there is no definitive date for this event as of yet, based on the latest core developer call as of last week, we currently expect the Merge to occur at some point in September or October.
Cumberland is now a liquidity provider for the so-called bespoke options, targeting major crypto holders like Bitcoin miners and investors that need to hedge risks or generate yields. The offering will allow traders to customize each trade’s expiry date, strike price and underlying coins.