Weekly Crypto #197 – Bitcoin and cryptocurrency news of the week

The week of 20-06 in brief – News about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information is lost in the daily information flow and that you miss important points. This format is there to remedy that. We return to thenews from the past weekCrypto Weekly to keep you updated on the current situation of cryptocurrencies.

Crypto news in brief

The merger is fast approaching on Ethereum† So the Sepolia testnet will be the next to experiment with the move to proof of stake. On this occasion, the developers recently deployed a beacon chain for Sepolia.

Elon Musk continues to support Dogecoin† At least that’s what he announced on Twitter, leading to a customary rise in the token’s price in the hours that followed.

Cristiano Ronaldo to NFT† The famous footballer has reached an agreement with the giant Binance to launch a series of NFTs featuring the player’s image.

Binance puts derivatives aside in France† So to better comply with regulations regarding PSAN status, the company had no choice but to scrap its future services and options.

Decentralized exchange dYdX could migrate to Cosmos† The developers have announced that they are working on a migration from dYdX to a proprietary chain based on the Cosmos SDK.

Bancor protocol disables permanent loss protection† Faced with the vagaries of the market, the protocol had no choice but to deactivate its functionality for fear of misuse.

▶ Impossible to miss this Grand Angle Crypto interview with Anice Lajnef. Three hours of most interesting debates.

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The 6 statistics of the week

$250 millionthat is the amount lent by FTX to the company BlockFi† Indeed, it is facing significant cash flow problems, due to the ensuing price drop in the cryptocurrency market.

5that is the number of platforms where Three Arrow Capital was liquidated† Thus, the investment fund had a lot of leveraged positions that ended up under water due to the high volatility of cryptocurrencies.

$100 millionthat is the amount stolen in the Horizon Bridge hack† This bridge connects the Harmony blockchain with Ethereum or the BNB Smart Chain.

Horizon, the Harmony protocol bridge, suffered an estimated $100 million hack
the Horizon is blocked for Harmony

$100 millionthat is the amount of impressive liquidation that could have taken place on the Solend protocol† Indeed, after the fall of the SOL, a $100 million loan position was compromised. Fortunately, the situation was resolved and the cascade of liquidations was avoided.

$1,000that is the price of the Solana Saga the smartphone announced by Solana Labs Thus, the company unveiled a smartphone dedicated to the Web3 ecosystem. It should be released in the first quarter of 2023.

118that is the number of mining companies that could be without electricity in Iran† The order for this power outage would come directly from the local government.

Tweet of the week

The tweet of the week goes to colleague @B3njj92 and his great thread returning to the fateful question: at what price to buy Bitcoin?

Have a nice week at the Journal du Coin!

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