Coinlive Weekly Weekly (May sixteen – May 22): The industry stabilizes right after the LUNA-FSO “catastrophe”

A “quiet” week has passed considering that the collapse of the LUNA-UST model, but the industry is nevertheless “revived” with the consequences it has left behind.

The most notable information from final week is likely the truth that the Ethereum improvement crew has set the August milestone for The Merge update, the massive remaining occasion for the 2nd half of 2022 and is hugely anticipated by a lot of.

Let’s critique all the things with Coinlive to make confident we will not miss any essential information!

Movement of the worth of the major cryptocurrencies in contrast to seven days in the past, statistics detected at 09:fifty five on May 22, 2022. Source: Coin360

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Coinlive Television

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Central stage 🔥

– Update on LUNA – UST:

Total Tether Supply (USDT) down $ seven billion in one particular week due to consumer withdrawal – Community asks for “audit” – Bind deliver the most up-to-date report

Ethereum major testnet It will check The Merge in June, paving the way for the major network in August

Great Cap

FTX CEO: “Bitcoin cannot become the payment network of the future” – Hashrate BTC carry on to peak

– Is the wave of competitors from the new generation of blockchain robust ample? “overthrow” Ethereum?

Cloudflare put together to run the node for Ethereum (ETH)

Fan token abruptly improved “in a hurricane way” regardless of the standard downturn in the industry

Polygon burned extra than one.six million MATIC right after just 4 months of implementing the EIP-1559 mechanism.

ApeCoin (APE) can switch from Ethereum to Avalanche or Flow

– Social network Lens protocol by Aave debuts on Polygon

DeFi

– The genuine stETH function of Lido Finance depeg

Coinbase making it possible for customers to accessibility dApps on Ethereum

Wormhole invest $ ten million really worth of rewards for white hat hackers

The DEI stablecoin from DEUS Finance be the following victim to drop the peg

Tricks in 2022 it triggered a reduction of $ one.seven billion, 97% of which came from DeFi

NFT, Games and the Metaverse 🖼🎮🌐

– After the “earth fever”, NFT minimal cost Bored Ape Yacht Club more than 50% low cost

– After Ronin’s hack, Axie Infinite they carry on to be “visited” by hackers through Discord

Offshore Launch of a new NFT trading platform with important enhancements

a16z Create a $ 600 million investment fund in the area of video games

Square Enix programs to difficulty tokens, in collaboration with Animoca Brands

Spotify perhaps NFT integration will be achievable if the check goes smoothly

A half filed five trademark applications for the “Meta Pay” cryptocurrency payment platform

Investments from significant institutions

Organizations have quietly place all their efforts into “bottom fishing” Bitcoin (BTC) when the industry is in crisis

Japan’s biggest investment financial institution Established a subsidiary accountable for the cryptocurrency organization

BitMEX exchange The spot industry officially kicks off right after a series of legal disputes

Robin Hood implementing the Web3 wallet which supports NFT and DeFi with zero transaction charges

Legal and Reception

G7 nations It calls for an acceleration of international cryptocurrency regulation right after the Earth crash

President Nayib Bukele Announced 44 nations will participate in Bitcoin discussion in El Salvador

China back to the Bitcoin mining rush regardless of the government suppression purchase

Binance Apply for a license to operate in Germany

Portugal contemplate the taxation of cryptocurrencies

North Korean hackers accused of impersonating nationality to “attack” the engineering sector, in distinct that of cryptocurrencies

Synthetic currency 68

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