CHK Weekly Weekly (July 18 – July 24): “The Merge” revives the market

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2022-07-25 06:58:43

After the week of the release of US inflation data, the cryptocurrency market has recovered strongly in the last 7 days, with the main driving force coming from the news of Ethereum’s The Merge upgrade that was scheduled for the middle of the month. 9.

Even so, the negative news is still there such as Tesla admitting to “stop loss” 75% of Bitcoin investments; Coinbase exchange director arrested for insider trading; Minecraft game ban NFT and blockchain solution; along with the latest developments on the liquidity crisis of Three Arrows Capital, BlockFi, Voyager, etc.

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 08:15 AM on 24/07/2022. Source: Coin360

CHK Originals – Must-read articles

– CHK Blog:

Ancient8 Research: NFT- “More than a Tech Fun”

AntiAntiNFTs Club: How will NFT and Web3 help change the current music market?

CHK TV

DeFi Discussion ep.54: Stablecoins from the perspective of a new “prism”

Weekly news:

Reviews: Interesting highlights from Kyros Ventures Crypto Vietnam H1.2022 market report

Central point 🔥

Tesla “stop loss”, sell 936 million USD of Bitcoin

Strong recovery market: Bitcoin closes to $23k, Ethereum gains 62% in 7 days

Three Arrows Capital borrowed $ 3.6 billion from 27 organizations and many other findings – The founders spoke again

Minecraft bans NFTdoes not allow to support blockchain solutions – Epic Games stance

Coinbase meets big FUD: Former Product Manager Arrested For interior exchangeaccused by the SEC listed stock

KuCoin refuting rumors of heavy damage from LUNA

Big Cap

Bitcoin continues to skyrocket to $23,800, is the rumor that the third largest whale is about to “discharge” 61,000 BTC?

Bitcoin Mining Difficulty recorded the biggest drop in a year

Vitalik Buterin Announced Development Roadmap for Ethereum Post-The Merge – Aggressive Institutions “Long ETH”

– After 8 years, Jed McCaleb is no longer an “obsession” of XRP

Polygon Launch of zkEVM, a built-in layer-2 solution for Ethereum

Dogecoin (DOGE) Launching a new update to improve security and efficiency

Ethereum Classic (ETC) surged again because of Ethereum’s The Merge news

Lido (LDO) returned strongly after positive signals from The Merge, proposed to sell 2% of total supply

– Reputable auction house Christie’s established Web3 investment fund with LayerZero

DeFi

Lido Finance Proposing to sell 2% of total supply of LDO

zkSync 2.0 mainnet development roadmap announced

Curve Finance (CRV) about to release stablecoin?

Snapshot Implement the feature to secure voting results

Balancer is the next DEX to be attacked by phishing

– Liquidity quickly left the floor Bancor

NFT, Games and Metaverse 🖼🎮🌐

– Experience playing demo game Otherside by Bored Ape Yacht Club (BAYC)

– NFT investors lose 100 ETH because “playing around” with the domain name ENS

– “Father” Final Fantasy collaborated with Enjin to release NFT

– Animoca Brands and Star Atlas simultaneously set up DAO

Large organizations

– Blockchain security company Halborn Successfully raised 90 million USD

Gemini implement the second round of labor cuts because of the times

Zipmex was “touched” by the Thai SEC, confirmed to lend Babel Finance and Celsius $ 53 million

Coinbase asserted not to be affiliated with Celsius, Three Arrows Capital and Voyager

FTX Will compensate Voyager users if they sign up for an account

BlockFi is lending $600 million in assets without collateral

– The largest bank in France BNP Paribas Launch of crypto custody service

Legal and Reception

New US stablecoin bill requires the issuer to have abundant collateral

– Continue to appear US legislator openly “criticizing” the SEC for taking action against crypto

Korea Collect evidence from 7 crypto exchanges to investigate Terra . case

Taiwan prepare to ban buying crypto with credit cards

Synthetic CHK

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