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The cryptocurrency market continues its downward trajectory with the arrival of more bad news. However, with major coins gradually recovering over the last two days, hope is being rekindled for crypto investors.
Let’s review it all with CHK to make sure you don’t miss any important news! 😉
📌 CHK Originals – Must-read articles
– Summary of FUD #2: Find out the reason the cryptocurrency market “collapsed”
– CHK Blog: Bitcoin Pizza Day – Interesting stories about two pizzas worth 630 million USD
– E-magazine: FTX and the 2-year journey of non-stop innovation
1/ FUD focal point 🔥
– Find out why the crypto market “bleeds” – Bitcoin drops to 30,000 USD
– Vitalik Buterin Burning $7.4 billion in Shiba Inu money, declaring that it is no longer “dominating” the price of SHIB
– Elon Musk entangled in controversy with Bitcoin community, threatened to sell all BTC
– China Request to “rectify” Bitcoin mining and trading activities
2/ Big Cap
– Bitcoin Dominance Drops to Lowest Since 2018 – Any Chances for Altcoins?
– Vitalik Buterin: Don’t be surprised if the crypto market is in a “bubble” state
– Ethereum will reduce energy consumption by 99% thanks to ETH 2.0’s PoS mechanismS
– Elon Musk claims to have never “sold dogs” Dogecoin
– Avalanche (AVAX) Officially the 9th name Tether places its trust in issuing USDT
– Cardano setting a new peak, the founder of ADA “baited” billionaire Mark Cuban
– Solana (SOL) rose to the highest level in history
– Kusama (KSM) ready to deploy parachain
3/ DeFi 🦄
– Spotlight: Mercurial Finance – Fast, strong and “tough”
– MISO – New bullish momentum for SUSHI and ambition to refresh the IDO game?
– Yield Farming profit optimization strategy with Pancakeswap/Venus/Alpaca
– Projects on Binance Smart Chain are constantly “opening”: Pancake Bunny flash loan attack, 10 billion USD worth of tokens printed indiscriminately; Venus (XVS) being used by bad guys to make 200 million USD
4/ Investments from large organizations
– MicroStrategy continue to “buy bottom” for another 10 million USD in Bitcoin
– Investment institutions are dump Bitcoin, redirect to Ethereum?
5/ Legal and Reception
– Hong Kong will only allow “professional investors” to trade cryptocurrencies?
– The “carnage” of the cryptocurrency market has the Fed worried
US officials recommend crypto transactions over $10,000 be reported to the IRS
– Boss Fox Entertainment Established NFT Studio
6/ Notable events next week (May 24 – May 30) 📆
#CHK #Weekly #Newsletter #cryptocurrency #market #belt