Weekly CHK (May 2 – May 8): Bitcoin “collapsed” because of the Fed, Ethereum and Solana “collapsed” because of NFT

Weekly CHK (May 2 – May 8): Bitcoin “collapsed” because of the Fed, Ethereum and Solana “collapsed” because of NFT

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2022-05-09 01:50:24

“Crash” is probably the hottest keyword of the past week in the crypto market. On the first day of the month, the Otherside’s NFT sale event rocked the Ethereum network because gas fees were pushed up and made the Etherscan website unusable, while the NFT craze made the Solana blockchain freeze for 8 more. ,5 hours. The Fantom network is in danger of being liquidated when a “whale” is liquidated massively.

By the middle of the week, the news that the Fed had stepped up to raise interest rates to deal with inflation in the US continued to make Bitcoin’s price sell off to $35,200 – the lowest level since late February.

However, everything is not over, when there are still many developments to look forward to from all areas of the crypto industry, from the news that Binance “joins money” to Elon Musk’s acquisition of Twitter, TRON ramps up the stablecoin battle with USDD , Anchor applied huge changes in UST and tokenomic rates to avoid the risk of Terra crashing until LFG spent $1.5 billion to buy more Bitcoin.

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

Volatility of top cryptocurrencies in the market at 07:20 AM on May 8, 2022, according to Coin360

CHK Originals – Must-read articles

Kyros Kompass #8: Internet of Blockchain Overview

CHK Blog: Why has the cross-chain array not “exploded”?

Analysis: Breakdown on Ethereum, Solana and the importance of Blockspace for blockchain

AANC #2: From the Bored Ape Yacht Club, reflect on the story of “uses of NFTs”

Ancient8 Research: The development of commercialized models in the game industry

CHK TV

DeFi Discussion ep.43: What does Dr. Vo Dinh Tri (Old Guy) say when he talks about Crypto?

Weekly news: Why is the crypto market holding its breath waiting for information from the Fed – How does raising interest rates affect Crypto?

Central point 🔥

– Crypto and stock markets are “red on fire” because of the Fed, Bitcoin falls to $35,500

Luna Foundation Guard buy 1.5 billion more Bitcoins

Binance lends to Elon Musk 500 million USD to buy back Twitter

NFT Otherside Open Sale of Bored Ape Yacht Club brought down Etherscan

Warren Buffett “Criticize” Bitcoin even if the price drops to 25 USD

Big Cap

Bitcoin supply is at a loss hits “alarming” levels even though Bitcoin mining difficulty and hashrate continues to hit new highs

Vitalik Buterin: “Ethereum fees must be reduced to $0.05 to be acceptable”

TRON (TRX) Launched USDD algorithmic stablecoin, 30% APY commitment

Axie Infinity (AXS) For the first time since July 2021, it fell below the threshold of 30 USD

– Crypto.com exchange cuts user rewards, Cronos token (CRO) plunges more than 30%

Solana (SOL) collapsed again, the whole blockchain “stands still” for 8.5 hours – The development team proposed “gas war”

Polkadot (DOT) support inter-parachain token transfer feature

New York raise $300 million to launch a new ecosystem development fund

DeFi

“Whale” FTM Struggling to death, the entire Fantom ecosystem held its breath at the risk of collapse

Optimism fund 231 million OP tokens to develop the ecosystem

Hop Protocol Announcement of airdrop token HOP

– Crossing the Curve, Lido become the DeFi protocol with the largest TVL

Anchor Protocol lowering UST interest rate to 18%, applying flexible APY mechanism – “Anchor Wars” close to the latest tokenomics change

Aurora’s Rainbow Bridge successfully repelled the plot to attack, Aurora Curve integration

– Damage from crypto hacks in the first 4 months of 2022 hit 1.6 billion USD

NFT, Games and the Metaverse 🖼🎮🌐

Moonbirds and Solana helped the NFT market reach $6.3 billion in trading volume in April

Square Enix sell most of the company’s “legacy” for only 300 million USD to invest in blockchain

Starbucks NFT release coming soon

“Gathering” NFT for fomothe famous crypto investment fund lost 95% of the “8-digit” amount

Investments from large institutions

MicroStrategy announced Q1 2022 earnings, haven’t sold any Bitcoins yet

Coinbase Became the first customer to get a Bitcoin mortgage at Goldman Sachs

Two big banks in Argentina Launching Cryptocurrency Trading

Samsung Preparing to List Asia’s First Blockchain ETF in Hong Kong

Legal and Reception

Governor of California Sign an executive order on crypto, accept blockchain technology

Argentina Ban on cryptocurrency trading through domestic banks

SEC Scaling up the cryptocurrency “surveillance force”

New President of Korea Defer crypto tax law, prioritize investor protection

Uzbekistan Issue a new regulatory framework for cryptocurrencies

Gucci crypto payment acceptance test

Algorand (ALGO) become FIFA’s new blockchain partner for the 2022 World Cup

Wikipedia stop accepting crypto donations

Synthetic CHK

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#Weekly #CHK #Bitcoin #collapsed #Fed #Ethereum #Solana #collapsed #NFT

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