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Today's Top Stories

  • Ethereum Foundation releases launch window for merge, new $1m bounty
  • Amazon ends virtual health care service Amazon Care after years of investment
  • Home prices fell monthly for first time in nearly three years, signaling a change

Crypto Bytes

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Find an Ethereum Bug Before the Merge? You Could Earn $1M

 

The highly anticipated "merge" event is right around the corner, and Ethereum's stewards don't want anything disrupting the launch. Along with a timeframe for the merge, the Ethereum Foundation revealed a $1 million bounty for any merge-related "critical" network vulnerabilities found between now and September 8th. Whereas, before, the Foundation was willing to pay $250,000 for any critical vulnerabilities found, it's willing to spend some serious cash if it means smooth sailing. As for the launch date, we now know it will be somewhere between September 10th and 20th.

 

Tech Bytes

CNN

 

Amazon to Shutter Virtual Health Care Service Amazon Care

 

In a surprising turn of fate, Amazon has decided to shut down its hybrid virtual, in-home care service. For those unfamiliar, "Amazon Care", was launched in 2019 and connected patients virtually with doctors and nurses. Nonetheless, on December 31st, Amazon will end the service. The company determined Amazon Care wasn't the best "long-term solution for enterprise customers" and that it wouldn't work long-term. Despite all this, Amazon still seems set on the healthcare industry, investing in primary care organization One Medical and other ventures.

 

Notable Decliners

  • ScanSource (SCSC) -16.8%
  • Paycor HCM (PYCR) -1.7%
  • II-VI Inc (IIVI) -1.4%
  • Arista Networks (ANET) -1.0%

 

 

Earnings

  • Monday: Zoom
  • Tuesday: JD.com, Intuit
  • Wednesday: NVIDIA, NIO, Salesforce, Snowflake
  • Thursday: Dollar General, Dollar Tree, Dell, Workday
  • Friday: N/A

Econ Bytes

Getty Images

 

Home Prices Fell for the First Time in 3 Years Last Month

 

From June to July, home prices declined by 0.77 percent. Although the drop may seem rather insignificant, it marks the largest single-month decline in prices since January 2011 and the first monthly fall in nearly three years. Housing affordability is at its lowest level in 30 years, but July's data reveals a possible inflection point in the market. With further price corrections "on the horizon," expect a more "neutral season" for the housing market in the coming months. 

 

US Stock Indexes

  • Dow: +0.18%
  • S&P 500: +0.29%
  • Nasdaq: +0.41%
  • Russell 2000: +0.84%

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