More Trouble is Brewing in Stablecoin Market

I’m sure you’re sick and tired of hearing about pegs. But you’re going to have to suck it up because that’s all that’s on the menu today. After UST’s spectacular collapse and Celsius’ painful mea culpa that extreme market conditions had necessitated a freeze on customer assets.

Crypto markets plunged Friday morning after the release of data showing U.S inflation accelerated in May to a 41-year high. 

Data Shows $2.3B Flow Into Lido as Other Protocols Suffer Withdrawals

QT Ends Loose Money Era and Augurs More Pressure For Token Values

Margin calls for ETH shorts are surging.

Number of ETH Wallets at Highest Level in 12 Months

MakerDAO and Tron Buck Historic Selloff

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The Terra token has approximately doubled in price two days after its launch, even as controversy surrounding Terra and the activities of its founders continues to grow.  Terra airdropped Terra 2.0’s LUNA to holders of the network tokens of the fallen Terra Classic chain – what’s now known as Luna Classic (LUNC), and the network’s…