CHK Weekly (June 6 – June 12): ETH dumped strongly despite the successful test of The Merge on testnet

CHK Weekly (June 6 – June 12): ETH dumped strongly despite the successful test of The Merge on testnet


2022-06-14 04:14:56

The crypto market has had another “FUD” week from all aspects of the industry, but despite that, the projects still have notable updates.

Let’s review it all with CHK to make sure you don’t miss any important news!

Price volatility of top cryptocurrencies compared to 7 days ago, statistics taken at 08:00 AM on 12/06/2022. Source: Coin360

CHK Originals – Must-read articles

Kyros Kompass #10: Some privacy protection mechanisms on blockchain

Ancient8 Research:

– CHK Blog:


DeFi Discussion ep.48: Is Fat Protocol obsolete? Chat about Fat Protocol and Fat Application

Weekly news: CZ and Binance surrounded by FUDs

Review: Exchange – A platform to hunt for “hidden gems”

Central point 🔥

Bitcoin dump because US inflation increased unexpectedly in May

US Congressman Publication of draft “comprehensive” crypto regulation law

Upgrade The Merge successfully deployed on Ethereum’s testnet, strong ETH dump price

DeFi’s “turbulent” day: Optimism was “lifted” by 20 million OPs, the founder of Synthetix “wrongly burned” 10 million DAI, Osmosis’s “foul” project – Hacker returned money to Optimism

Binance constantly encounters FUD: The exchange is accused of supporting money laundering of $ 2.35 billion, BNB is investigated for being suspected of being a “security”

Terraform Labs was investigated by Korea for “embezzlement”, the US court rejected the SEC’s appeal

Jack Dorsey Announces Web5 – new project to “replace Web3”

Big Cap

– What the Ethereum community is doing not satisfied with Vitalik Buterin

– The largest cryptocurrency exchanges in Korea simultaneously delisted Litecoin (LTC)

Tether (USDT) deploy stablecoin on Tezos

Chainlink (LINK) announced some important updates to the new development roadmap, staking support

Avalanche (AVAX) set a new record in network activity and a few words from the project founder

Circle Deploying USDC to Polygon for Web3 Payments

Solana (SOL) “pumping” 100 million USD to promote crypto projects in Korea

Cronos (CRO) launch 100 million USD development fund to promote the ecosystem

– Arrington Capital established a fund of 100 million USD to finance the above projects Moonbeam

– Number of wallet addresses held Luna Classic (LUNC) 500% increase in less than 1 month


Lido Proposal to sell 10,000 ETH to prepare for “crypto winter”

Frax Proposal to buy back 20 million USD of FXS tokens

stETH continue to depeg deeper than ETH

– TRON raises the margin rate stablecoin USDD up more than 200%

Elrond (EGLD) “to the ground” on Maiar DEX – What happened?

Osmosis (OSMO) encountered an exploit vulnerability, continued to “print money from the air”

NFT, Games and the Metaverse 🖼🎮🌐

– Despite the “red fire” NFT market, Illuvium (ILV) still brought in more than 72 million USD in land sales

– Epic Games giant officially “aired” NFT game of Gala Games (GALA)

Yuga Labs remove the code that is “dangerous” to the project Bored Ape Yacht Club (BAYC)

Budweiser Brewery signed a cooperation agreement with the horse racing game NFT Zed Run

Anthony Hopkins join the NFT industry

StepN (GMT) DDoS attack

Bored Ape Yacht Club (BAYC) continues to be hacked on Discord, the loss value is up to 200 ETH

Investments from large institutions

Citadel Securities planning to build a new cryptocurrency trading platform

– Current portfolio of Animoca Brands worth up to 1.5 billion USD

Legal and Reception

Governor of New York not ready to put pen to paper the bill to ban Proof-of-Work (PoW) mining

Samsung Launching a Discord server with the ambition of “conquering” Web3

PayPal Launching a new function that allows transferring crypto to other wallets

Synthetic CHK

Maybe you are interested:

#CHK #Weekly #June #June #ETH #dumped #strongly #successful #test #Merge #testnet

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