by confoundedinterest17
Former Obama economist and Harvard College President Lawrence Summers says that the FTX meltdown whiffs on an Enron-like scandal.
“Lots of people have in contrast this to Lehman. I'd examine it to Enron,” Summers advised Bloomberg...
Bitcoin (BTC), Solana (SOL), and FTX (FTT) Costs, Charts, and Evaluation:Binance backs out of a possible FTX bailout after wanting on the books.FTX and Alameda are beneath heavy regulatory scrutiny.Liquidity considerations proceed to...
By and large, market commentators now begrudgingly concede that the odds of a US recession occurring over the next 12 to 24 months are very elevated. Generally speaking, though, they stubbornly insist any...
Key Takeaways
A new report by Nansen claims seven wallets triggered the UST depeg.
The relative lack of liquidity in the Curve pools securing UST to other stablecoins could have initiated its price destabilization.
Nansen pushes...
The collapse of Terra’s ecosystem — namely, native coin LUNA and algorithmic stablecoin TerraUSD (UST) — rocked the wider blockchain and cryptocurrency ecosystem. Not only did Terra-ecosystem tokens (such as Anchor’s ANC) collapse...
Binance, the world’s largest cryptocurrency exchange, has suspended trading of Terraform Labs’ Terra (Luna) and TerraUSD (UST) tokens across most of its spot pairs, and for Luna, additionally across all of cross margins...
