But to conclude from this that crypto’s existential problems are over would be an oversimplification.
Luna's value fell to practically zero in May with the collapse of stablecoin TerraUSD, which had been pegged to the U.S. dollar and was exchangeable with Luna.
While crypto assets have been badly burnt, stablecoins, crypto exchanges, lenders, hedge funds have all been singed
The Ethereum “Merge,” one of the most significant technical upgrades to the blockchain since its inception in 2015, may be one of the few catalysts that could give DeFi a much-needed lift.
A crypto bro laments about the crash of stability in his life.
Even as critics questioned Luna and TerraUSD’s technological underpinnings, Do Kwon dismissed the concerns with a taunt: “I don’t debate the poor.” But last week, both suffered a spectacular collapse
Despite Binance’s big losses, CEO Zhao has said he wants retail traders who lost money during Luna’s crash last week to be reimbursed before Binance is
Many Terra investors have lost hope of recovering their money after the Terra crash last week.
TerraUSD, one of the world's largest stablecoins, lost a third of its value this week, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below $30,000 for the first time in 10 months