Terra, Web 3 and Acceptable Risk in Innovation
Garbage Day newsletter author Ryan Broderick is skeptical about what comes after Web 2. There are challenges and opportunities ahead.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XQ36WO4CRBE5VLWNFIAWXGTXZU.jpg)
Sponsored
May 12, 2022 at 4:26 p.m. UTC
May 12, 2022
Terra
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KUFKATURVNASBF2N4KJMZOWBYM.jpg)
Investor Concerns About Galaxy Digital's LUNA Exposure Are Overblown, BTIG Says
Galaxy Digital’s stock has plummeted more than 40% this week, but a BTIG analyst says LUNA-related concerns are unwarranted.
Sponsored
May 12, 2022 at 3:50 p.m. UTC
May 12, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XSJCVANXHNESHJD7EHBDFSGH2I.jpg)
Terra-Based DeFi Protocol Anchor Proposes Cutting UST Yield Rates to 4%
The proposal comes amid ongoing concerns regarding the long-term stability of Terra tokens LUNA and UST.
Sponsored
May 12, 2022 at 12:18 p.m. UTC
May 12, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/S2JQLGDDB5ENBM47JI4Z35YCVM.jpg)
Terra Proposes Token Burn and Increase in Pool Size to Stop UST Dilution
Terra believes decreasing the amount of UST in circulation while increasing the amount of available LUNA is the easiest way to return the UST to its dollar peg.
Sponsored
May 12, 2022 at 9:45 a.m. UTC
May 12, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FKOJFTF4QRBXHICHR6VOPXVLPA.jpg)
Terra’s LUNA Has Dropped 99.7% in Under a Week. That’s Good for UST
LUNA tokens lost 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the UST price.
Sponsored
May 12, 2022 at 9:39 a.m. UTC
May 12, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/DQZJX2YNKNEUPKCTUGDBFRORQM.png)
Citadel Securities, BlackRock, Gemini Slam Social Media Accusations of Involvement With UST Collapse
A conspiracy theory that began on 4chan and was amplified by Cardano founder Charles Hoskinson has been met with swift denials by all parties.
Sponsored
May 12, 2022 at 5:23 a.m. UTC
May 12, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7VVCDN47GJDW7AOGFKKLXAUDTE.jpg)
First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins
A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red.
Sponsored
May 11, 2022 at 11:38 p.m. UTC
May 11, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ECCIVNLJZVE2BBZNR6MVXJJ2FM.jpg)
Regulators Should Pay Attention to UST
A stablecoin de-pegged. People lost money. It ain’t great.
Sponsored
May 11, 2022 at 11:01 p.m. UTC
May 11, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/DUEEPMYBBVBORGKJU6YEWTLU2M.jpg)
Après Terra, le Déluge
The asset, LUNA, once trading over $119, falls to under $1.
Sponsored
May 11, 2022 at 9:42 p.m. UTC
May 11, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/T4WJVN5FABBCZDB5OBEOR25E6M.jpg)
Terraform Labs CEO Do Kwon’s History Behind Another Failed Stablecoin
The most valuable crypto stories for Wednesday, May 11, 2022.
Sponsored
May 11, 2022 at 9:02 p.m. UTC
May 11, 2022