2022-07-11 12:04:17
The first week of July continued to see a widespread “liquidity crisis”. Voyager goes bankrupt, Blockchain.com 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!
CHK Originals – Must-read articles
– CHK Blog:
– AntiAntiNFTs Club: NFT will bring revolution to the traditional art industry
CHK TV
– 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
DeFi
– 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
– Blockchain.com 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
– Crypto.com 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
#CHK #Weekly #Weekly #July #July #domino #pieces #fell #consecutively
