It’s Monday, time for a quick take on what’s happened since the apocalyptic events of last week. To recap. UST depegged, Terra’s supposedly blue chip ecosystem death spiraled leading to rampant inflation in the Luna token and catastrophic contagion throughout the entire crypto space.

(0:01:50) Kevin Zhou is the founder of crypto quant fund, Galois Capital and former head of trading at Kraken. It’s been a wild few days in crypto and Kevin is here to help us get our heads around what the hell just happened. We saw Terra, one of the most prominent ecosystems in crypto, effectively…

The Terra ecosystem’s notorious leader is trying to salvage the resources and talent left behind in the wreckage that is UST’s depegging.

Terra’s UST collapse has shattered the foundations of the algorithmic stablecoin market.

Data Indicates Bots Made Off With Huge Sum on Arbitrum

Terra Stops and Starts to Salvage Network.

This week may have been the one of the worst weeks in crypto’s history. The fall of UST/LUNA not only impacted Terra, but also dragged the whole industry down with it. Will this mark the beginning of crypto winter? Only time will tell.

Lido Finance has announced $1.3M in new incentives to improve stETH:ETH liquidity.

The Terra blockchain was halted to deploy an emergency upgrade intended to forestall governance attacks.

Crypto's largest stablecoin USDT traded as low as $0.95 overnight before recovering.