Sam Bankman-Fried explains why UST crash was ‘predictable’
Sam Bankman-Fried, entrepreneur, founder and CEO of FTX crypto exchange, tweeted that the crash of Terra’s UST and LUNA was ‘predictable’, generating a Twitter thread...
Highlights May 10: Crypto market crashes, Terra down 50%
Crypto futures racked up more than $1 billion in liquidations in the past 24 hours amid major cryptos losing key support levels and weak market...
Bitcoin’s sell-off is a massive buying opportunity, says Chamber of Digital Commerce CEO
Bitcoin price fell sharply on Monday to break below $30,000 and register its lowest level since July 2021. As the sell-off in the crypto market...
UST crash shows dangers of un-backed DeFi stablecoins, says Yield App CEO
The TerraUSD (UST) token crashed to lows of $0.61 on Monday as it massively de-pegged from the $1 peg even as the broader crypto market...
KuCoin announces $150M funding round, $10B valuation
KuCoin announces $150 million pre-Series B funding raise. The raise values the global crypto exchange at $10 billion. KuCoin will use the funds to build...
Highlights May 9: NEAR surges on user growth, LUNA loses 10% after UST peg drop
The crypto market is mostly bearish with the majority of top 100 coins in the red at the time of writing. The new reality of...
Luna: Why I sold my UST for 95 cents on the dollar today
I ate a healthy dose of humble pie today, so maybe this article can serve as a form of therapy. I’m talking about Terra, its...
Bitcoin falls below $32K as on-chain data suggests more pain likely
Bitcoin slipped below $32,000 on Monday and is dangerously close to breaking the $32.5k level amid a major sell-off across cryptocurrencies and stocks. With the...
Tron (TRX) price drops 6% after surging on USSD stablecoin reserve boost
Despite starting the week on a 6.1% drop, Tron (TRX) has surged by 9.3% over the past week following the launch of its new stablecoin. ...