Double bubble? Terra’s defunct ‘unstablecoin’ suddenly climbs 800% in one week
The USTC price rally does not mean it would reclaim its lost U.S. dollar peg in the future. Go to Source Powered by WPeMatico
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Terra’s LUNA2 skyrockets 70% in nine days despite persistent sell-off risks
LUNA2 may have bottomed in June but who just who is buying this controversial token? Go to Source Powered by WPeMatico
Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis
Thomas Moser hinted that regulations might take time as the current regulations would wipe out the decentralized ecosystem like DeFi. Go to Source Powered by WPeMatico
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
Stablecoins like USDT and USDC would be doing just fine if properly regulated, while Bitcoin is a “Ponzi scheme” in any case, China’s BSN chair told Cointelegraph. Go to Source Powered by WPeMatico
Anonymous vows to bring Do Kwon’s ‘crimes’ to light
“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel. Go to Source Powered by WPeMatico
Do Kwon Interview Explains He’s ‘Devastated’ by LUNA Collapse, Says ‘There’s a Difference Between Failing and Fraud’
During a recent interview with the Wall Street Journal (WSJ), Terraform Labs (TFL) founder Do Kwon said he was “devastated” by the LUNA and UST implosion that took place in mid-May. He told the WSJ that he was probably a billionaire when LUNA tapped an all-time high before the collapse, but lost a great portion … Read more
Bitcoin futures enter backwardation for the first time in a year
Risk-averse BTC derivatives traders throw in the towel after futures contracts trade below the spot market price. Go to Source Powered by WPeMatico
Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors
Following the Terra stablecoin depegging incident, a class-action lawsuit has been filed against the company Terraform Labs and a number of other crypto companies over the collapse of terrausd (UST). The case against Terraform Labs (TFL) was filed by the plaintiff Nick Patterson on behalf of others similarly situated and the law firm Scott+Scott LLP. … Read more
XRP price technical breakdown boosts chances of a 40% drop by July
XRP’s bearish outlook is driven by a mix of technical and fundamental factors that could see price drop to $0.18 next. Go to Source Powered by WPeMatico
Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report
All options are on the table for 3AC after this week’s crypto market collapse triggered mass liquidations for the hedge fund. Go to Source Powered by WPeMatico
