CHK Weekly Weekly (May 30 – June 5): Leaving “stormy May” to enter the downtrend season

CHK Weekly Weekly (May 30 – June 5): Leaving “stormy May” to enter the downtrend season


2022-06-06 03:42:42

Thus, the cryptocurrency market ended a “forgettable” May with a drop of nearly 20% in Bitcoin. In the last week of May 2022, although large-cap coins like BTC or ETH have temporarily recovered, positive news like Ethereum’s confirmation of The Merge test or OP token airdrop is not enough to bring color. green again.

On the contrary, the crypto industry continues to suffer from a lot of negative information such as major exchanges (mainly Western), simultaneously cutting staff to prepare for the “crypto winter”, as well as many legal information that does not exist. other good.

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 09:00 AM on 05/06/2022. Source: Coin360

CHK Originals – Must-read articles

Kyros Kompass #9: Explore Blockchain world map

Ancient8 Research:


DeFi Discussion ep.47: Talking about “Internet of Blockchains” – Real Applications of Blockchain?

Weekly news: Bitcoin on-chain index is still not positive – Solana continues to “lag”

Central point 🔥

Bitcoin, Ethereum skyrocketed after setting “sad record”

El Salvador Still not ready to launch a $1 billion Bitcoin bond

Update LUNA-UST:

Optimism conduct airdrop of OP tokens – The price dropped sharply after the airdrop, the community split

– Market turns bad, big crypto companies all at once staff cuts

Big Cap

Bitcoin Supply Profit drops to 55%, good or bad outlook for BTC?

Ethereum Officially testing The Merge on Ropsten testnet

Vitalik Buterin expressed support for the new governance model of Optimism (OP)

– Blockchain Solana (SOL) collapsed for the fourth time in 2022, Chainlink Officially working on mainnet Solana

Zcash (ZEC) perform NU5 . upgrade

Elon Musk and Dogecoin (DOGE) co-founder “war of words” on Twitter

– One year after the date of “no sound”, the founder of the project Shiba Inu (SHIB) suddenly delete all information

Axie Infinity (AXS) announced the first 12 “franchise” game projects

BNB Chain “teasing” the technical development roadmap to promote the ecosystem

Immutable convince ApeCoin “moving home” for the Otherside to the Layer-2 network, the community wants to stay with Ethereum


Mirror Protocol Terra’s has a hole again, threatening to drain liquidity

– DeFi protocols launch stablecoins one after another after the LUNA-UST crash

Lido and Moonbeam Flexible staking support for Polkadot (DOT)

Kava Announced a $14 million stimulus package for development team funding Sushi

TVL of the entire Layer 2 ecosystem “falling off”, hitting bottom in 2022

Boba Network is the first Layer 2 to integrate Fantom and Moonbeam

NFT, Games and the Metaverse 🖼🎮🌐

– Collection NFT of Johnny Depp skyrocketed after winning the case

GameFi User Activity on Ethereum plunges 96%, the end for blockchain games?

Nike continues to act “strongly” to acquire more Ethereum Name Service (ENS) domains

Korean government “bet” on metaverse with an investment of 177.1 million USD

Investments from large institutions

Binance Labs set up an investment fund worth 500 million USD, focusing “all efforts” on Web3

MoneyGram Coming soon to stablecoin remittance platform with Stellar (XLM)

Fidelity plans to implement custody and trading services for Ethereum (ETH)

– After the “hot rise”, 38% of large funds withdrew from the market in May alone

Legal and Reception

– New York Senate passed Proof-of-Work (PoW) mining ban

Japan issued a legal framework for stablecoins

Former OpenSea Product Manager arrested by the US, accused of insider trading NFT

Binance won a legal victory to return to the Italian market

Polygon “tightening” funding conditions for blockchain projects in India

Prada NFT issuance on Ethereum

– Fast food chains Chipotle Accept crypto at US stores

Synthetic CHK

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#CHK #Weekly #Weekly #June #Leaving #stormy #enter #downtrend #season

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