CHK Weekly Weekly (July 4 – July 10): The “domino pieces” fell consecutively

CHK Weekly Weekly (July 4 – July 10): The “domino pieces” fell consecutively


2022-07-11 12:04:17

The first week of July continued to see a widespread “liquidity crisis”. Voyager goes bankrupt, claims Three Arrows Capital owes them $270 million, Alameda is in danger of being implicated, Celsius pays off debt and puts mortgages on the exchange, many other companies massively dump BTC or lay off employees … – that somewhat outlines the chaos that is enveloping major institutions in the crypto industry.

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

Movement in value of leading cryptocurrencies compared to 7 days ago, statistics taken at 08:55 AM on 10/07/2022. Source: Coin360

CHK Originals – Must-read articles

– CHK Blog:

AntiAntiNFTs Club: NFT will bring revolution to the traditional art industry


DeFi Discussion ep.52: Three Arrows Capital – 3 arrows “hit too many targets”

Weekly news:

Central point 🔥

Voyager Digital filed for bankruptcy, Alameda Research “reverse debt” 377 million USD

Celsius Pay off debt on Maker, withdraw nearly 449 million USD of WBTC mortgage – Sued by partner and accused of being a “ponzi”

CZ Binance and Sam FTX “war of words” over the issue of “rescuing the market”

STEPWOMEN Launch of Realm 3 on Ethereum, Announce Freemint for BAYC holders

MT. Gox for users to choose a compensation method of $3.1 billion in Bitcoin

Elon Musk cancel the acquisition of Twitter

Big Cap

Binance Free Bitcoin transactions happy 5th birthday – Volume “virtual” Column construction

– Gas fee above Ethereum (ETH) drops to lowest level since 2020

Ethereum (ETH) Successfully deployed The Merge on tesnet Sepolia

– Investors participating in staking ETH 2.0 are average loss up to 55%

Solana (SOL) sued as securities

Cardano (ADA) Successfully launched Vasil hard fork on testnet

Shiba Inu (SHIB) “Hunting” plans to release stablecoins, bonus tokens and collectible card games

Immutable X allows users to sell ETH for fiat

TON Foundation mobilized $90 million to set up a fund to develop a new ecosystem


Aave build stablecoin GO

MakerDAO Approval of 100 million DAI loan for Huntingdon Valley Bank

Near .’s USN stablecoin patch allows users to print 10 trillion USN

MakerDAO Proposal to combine with traditional banking for real world loans

Hackers Crema Finance returns money

– Security Bridge Aztec Connect Officially on mainnet

NFT, Games and Metaverse 🖼🎮🌐

Axie Infinity organize the World Championship, prize 1 million USD AXS

– Domain Ethereum Name Service (ENS) hot again in the midst of the market’s hesitation

Yuga Labs Announced testing metaverse game Otherside

Reddit Launching the NFT avatar exchange on Polygon

Coca-Cola release NFT honoring the LGBTQIA+ community

Konvoy Ventures Setting up a fund of 150 million USD to develop Web3 games

Large institutions continue to sink into “liquidity crisis”

– Korean crypto fund lost 99% of client assets for short LUNA loaned Three Arrows Capital $270 million, at risk of “lost”

– Rumor: DeFiance Capital prepare to sue Three Arrows Capital

– Bitcoin Mining Company Core Scientific sold up to 167 million USD of BTC in June

Vauld is the next crypto company to block withdrawals, there are signs of users “running away” from KuCoin

Circle Denying rumors that USDC stablecoin is about to collapse Exchange Denying rumors will restrict users from withdrawing

Compass Mining decided to let 15% of employees quit

Bullish is the next name to join the wave of layoffs

Legal and Reception

the U.S. Treasury Department Officially Responding to President Biden’s Executive Order

– Crypto trading volume in India down to 95% because of the draconian tax regime

Older brother Public opinion on DeFi tax plan

Central African Republic Launched National Cryptocurrency “Sango Coin”

Lamborghini build a vehicle certification framework using NFT

Polygon cooperates with smartphone manufacturing startup Nothing

Synthetic CHK

Maybe you are interested:

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