Daily Crunch: Adobe snaps up Figma in proposed $20 billion deal that's scratching your head

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Happy Thursday! Has everyone recovered from the Zoom outage this morning? Don't worry, Zoom is back, but we hope it helped you have a calmer day… for a while at least. — Christine and Haje

TechCrunch's top 3 One rival at a time: The world of digital design was spoiled today when Adobe announced it was buying Figma, one of its biggest rivals, in a $20 billion deal that will has Figma investors and enthusiasts wondering what will change and whether those changes will be bad, Ingrid reports. Meanwhile, Alex gives his take on the case in TechCrunch+ country. 'The Merge' Is Here: Talk of 'The Merge' has been with us for weeks, and today it's finally here. If you don't follow cryptocurrency, that means Ethereum, one of the most popular blockchains in crypto, has now moved to proof-of-stake consensus, which also means it will now consume a lot less electricity, writes Romain. And for TC+, Jacquelyn tells us why it's important that Lido, Coinbase, Kraken and Binance have a majority stake in ETH. There's a fix for that: Apple is paving the way for easy iPhone 14 integration with a configuration fix. Ivan has more. Startups and VCs

Today Haje raced at Micromobility America. They insist on using the MMA acronym, so he expects a punch in the face at all times, but so far the only risk of injury has been daredevil micromobility in the form of electric rollerblades. It is probably a coincidence that Kav announced the launch on the same day of a 3D printing factory for bicycle helmets.

Mobility seems to be everywhere these days. Matt notes mobility startups are filling the void at a Detroit auto show that's a shell of its former self.

The TechCrunch team has been extraordinarily busy. There's a news wall on the TechCrunch homepage; here are some of those that caught our attention this beautiful Thursday:

Like private equity, but with pocket money: Anita reports that Allocations just raised a strong $150 million valuation as part of its mission to help private equity funds attract retail investors . You and I, baby, are nothing but mammals, so let's invest across multiple channels: UK fintech Lightyear is expanding its stock trading offering to include a wide selection of stocks and traded funds (ETFs), reports Paul. From the shirt on your back to the shiz in your bag: reusable packaging startup Olive is creating a new model for keeping clothes out of landfills...