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How TechCrunch+ followed the roller-coaster crypto market in 2022


In 2022, the crypto community rose to new heights — and then it crashed. We noted this as early as June 2022, before the FTX fiasco (which we’re using as the catchall term for the crash, alleged fraud, bankruptcy, congressional hearing, Sam Bankman-Fried‘s arrest in the Bahamas, the call for his extradition, etc.).
However, this isn’t supposed to be an article chronicling FTX’s downfall from the past year — it’s a recap of our 2022 crypto coverage, which could also be seen as a Jacquelyn Melinek highlights reel with a feature from Alex Wilhelm.
Here’s some of our top 2022 crypto coverage:
Terra community passes proposal to revive LUNA cryptocurrency following stablecoin-led implosion
In May, LUNA nosedived, and the market followed suit. Terraform Labs founder Do Kwon shared a plan to revive the Terra Ecosystem, including the formation of a new blockchain. Jacquelyn noted: “The launch of LUNA 2.0 will be a test of whether the community is as strong as it says it is. But many are wary of trusting Kwon and the Terra team again after the LUNA and UST downfall.”
Ethereum drops more than 17% after ‘way overhyped’ Merge
In early to mid-September, whispers of “the Merge” were everywhere we turned an ear. A quick refresher: The Merge was a highly anticipated event where Ethereum shifted from proof-of-work to proof-of-stake. It may have been overhyped.
Blue-chip NFT owners explore alternative uses as sales decline
During the most recent crypto bull market, the NFT subsector also rose to new heights. As NFT sales slowed, blue-chip NFT holders began looking for new ways to profit. For t …

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