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The Market Roundup: Week of June 5

  • This week’s market snapshot
  • Do Kwon allegedly cashed out $80 million a month pre-UST crash
  • 0xHamZ releases analysis on state of the market
  • Ethereum test merge with Ropsten network went well
  • stETH de-pegs from ETH on Curve
  • Optimism hacker promises to return 18M OP tokens
  • The Responsible Financial Innovation Act proposes a regulatory framework for digital assets

The SEC has reportedly uncovered evidence of money laundering against
Do Kwon. The evidence highlights $80M of the company’s monthly operating expenses were split between many crypto wallets, just months before the crash of UST/LUNA….

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