Bill provides updates on the current state of the economy and the upcoming Ethereum upgrades. Some of the key highlights of the session are below: Macro Update - According to the latest release of the S&P Flash US PMI Index, business activity has declined significantly over the past two years. The PMI has fallen to its lowest level since May 2020, and new business at service providers has shrunk significantly since the early months of the COVID-19 pandemic. Job growth has slowed, manufacturers and service businesses are being cautious with hiring, we are also seeing significant layoffs in the tech sector. The Federal Reserve has raised rates by 50 basis points, but more rate hikes are expected. ETH Update - Ethereum developers have announced plans to upgrade the network, the Shanghai update in March 2023, which will allow for the withdrawal of staked ETH. There is concern among some Ethereum users that enabling withdrawals may lead to a large number of stakers withdrawing their deposited ETH, which could negatively affect the altcoin's price. The next planned upgrade in November 2023, EIP 4844, will include upgrades that will lead to Sharding and would significantly reduce the cost of L2 transactions, making it easier to further scale the Ethereum network. Chapters: 00:00 - Intro/ Macro Update, Dec 16, 2022 08:30 - ETH Update 27:00 - Ask Abra Anything #Abra #MoneyTalks ----------------------------------------------------------------------------------------------------------------------- Conquer Crypto with Abra. Get the latest news and free resources: https://www.abra.com/blog/ Follow Abra on LinkedIn: https://www.linkedin.com/company/abra/ Follow Abra on Facebook: https://www.facebook.com/AbraGlobal Follow Abra on Twitter: https://twitter.com/AbraGlobal Follow Abra on Instagram: https://www.instagram.com/abra_global/ Follow Abra on TikTok: https://www.tiktok.com/@abra_global ----------------------------------------------------------------------------------------------------------------------- Disclaimer: This content, including any information linked herein, is for general informational purposes only and is not intended to provide tax, legal, financial, investment, or accounting advice and should not be considered as such. In the United States cryptocurrency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. Abra will have no liability whatsoever for any losses said to be related to this content. Unless otherwise stated, such content is the property of (and all copyright shall belong to) Abra.