CHK Weekly (November 1 – November 7): The “nth” altcoin season of 2021

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2021-11-09 08:38:04

As Bitcoin continued its sideways trend, the first week of November opened the door for altcoins. A series of top altcoins have set new ATHs in the past week, including ETH, SOL, AVAX, DOT, etc. Besides, the trend of games and metaverse has not yet shown signs of cooling down as a series of projects/ecosystems announced a huge fund to develop games on blockchain.

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

Price movement of the top 20 coins in the past 7 days

πŸ“Œ CHK Originals – Must-read articles

– Token (TOKE) Is it a potential liquidity solution?

– Complete guide on how to join Crowdloan to Polkadot parachain auction


– DeFi Discussion ep.17: Tin Tran (Meow) – Top 2 Degen Score and fate with NFT Gaming (part 2)

– Weekly news: Bitcoin Calls, Ethereum Answers – The Big Guys Are Returning to Crypto Markets

– Instruct: Everything you need to know to hunt Retroactive – How to choose an effective Airdrop & Retroactive project

– Event Trader tells the story: Gold Table Result

– [LIVE] Chat with Binance NFT: Is Metaverse a temporary trend?

News Points

The focal point πŸ”₯

– Bitcoin end of October “great success”: The monthly candle reached a record high, was poured 2 billion USD more by investment institutions, “whales” continued to rise.

– New ATH coins: Ethereum (ETH), Polkadot (DOT), The Sandbox (SAND), Solana (SOL), Avalanche (AVAX), Bonfida (FIDA)

– Axie Infinity (AXS) deploying the Katana DEX platform, launching its own token for the Ronin sidechain – SLP price skyrocketed

– Tokens follow the movie Squid Game 99.99% price crash – Binance announces investigation

– The US House of Representatives passed the bill taxing cryptocurrencies

Big Cap

– Ethereum increasingly β€œdeflationary” – ETH is forecasted to hit the $8,000 mark

– Ethereum will conduct a hard fork delaying the β€œdifficulty bomb” in early December

– XRP Coming soon on Ethereum in December

– Cardano (ADA) welcome 2 million ADA wallet milestone – Prepare to scale with layer 2 upgrade Hydra

– Bitcoin Cash (BCH) “ride a roller coaster” because of fake news accepted as payment by Kroger

– Leaking evidence shows that Tesla about to accept payment Shiba Inu (SHIB) – SHIB price dropped sharply under pressure from whales

– CEO EOS Foundation declares EOS to be a β€œcatastrophic failure”

– Binance Become a fan token for FC Porto, sponsor a shirt for 5 years

DeFi πŸ¦„

– Avalanche (AVAX) announced a new project stimulus package worth USD 220 million

– DEX Katana of Axie Infinty close to 1 billion USD in trading volume after only 2 days of launch

– Revealing private key, DeFi platform bZx $55 million stolen

– DeFi attacks in 2021 caused a loss of up to 1.4 billion USD

NFT πŸ–Ό and Games

– After Facebook, it’s the tech giant’s turn Microsoft officially “makeover” with Metaverse

– FTX and Solana set up a fund of 100 million USD to invest in blockchain games

– Huobi launch trial NFT market

– SushiSwap (SUSHI) surprise launch of NFT and Metaverse platforms

– TRON establish a fund of 100 million USD to develop NFT projects

– Enjin set up a fund of 100 million USD to develop the metaverse ecosystem

– Ethereum Name Service soon to release its own governance token

– Director Quentin Tarantino auctions NFT unpublished Pulp Fiction footage

Investments from large institutions

– Digital Currency Group raise capital of 700 million USD from SoftBank, Google

– The Sandbox Calling for $ 93 million from SoftBank, the price of SAND continues to set up ATH

– The oldest bank in Thailand Become a “huge” shareholder of the nation’s leading crypto exchange

– Australia’s largest bank start offering cryptocurrency services

Legal and Reception βš–οΈ

– US government publishes report on stablecoins, recommends fast regulatory legislation

– South Korea will not include NFT in the crypto regulatory framework

– eCNY of China already used by 140 million people

– El Salvador use Bitcoin (BTC) profits to build 20 schools

– Burger King reward BTC, ETH and DOGE for customers

Events next week (November 8-14)

Synthetic CHK

Join group chat Fomo Sapiens Now let’s discuss hot issues of DeFi market with CHK admin team!!!

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