DefiLlama and Wintermute: the aggregate market cap of stablecoins crossed $164B for the first time since the collapse of Terra in May 2022; USDT is at $114.26B
Omkar Godbole / CoinDesk :
The 2022 crypto winter showed that the digital asset ecosystem is more interconnected than many participants realized, despite its core decentralization tenet
As 2021 came to a close, crypto enthusiasts were brimming with optimism. After all, it had been a banner year: Nonfungible tokens, or NFTs, had crossed into the mainstream. Tweets: @emilyjnicolle , @...
A profile of London-based crypto trading firm Wintermute in the aftermath of UST and FTX's implosion and a $160M hack, as revenues dramatically decline in 2022
By deftly navigating crypto's frontier markets and winning big on the collapse of Terra's stable coin, Wintermute has grown …
Emboldened by FTX's collapse, the disgraced founders of Terra, Celsius, and Three Arrows Capital have reemerged, offering their thoughts on SBF, FTX, and more
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DeFi Llama: the total value locked across all DeFi protocols has dropped to ~$112B, down from ~$195B at the start of May before UST and LUNA collapse
Emily Nicolle / Bloomberg : Tweets: @emilyjnicolle Tweets: Emily Nicolle / @emilyjnicolle : DeFi projects have lost a collective $83bn since the start of May, almost halving the sector's total value ...
Do Kwon's proposal to relaunch the Terra blockchain passes with 65.5% of the governance vote; the network will go live on Friday without the UST stablecoin
Quick Take — Do Kwon's proposal to relaunch the Terra blockchain has passed. — In total, 65.5% of votes supported the proposal.
Retail traders after Terra's crash: some say they lost their life savings, others shared suicidal ideation on forums, and some now realize it's a Ponzi scheme
Q&A with retail traders after Terra's crash: some lost their life savings, others shared suicidal ideation on forums, some now acknowledge it's a Ponzi scheme
It took less than a week for the third largest stablecoin and its ecosystem to become virtually worthless, wiping out countless traders' savings.
Terra's LUNA drops to $0.01, a 99%+ decline in 24 hours, down from $60 earlier this week and $120 in mid-April, after Terra's UST stablecoin lost its dollar peg
Sources: Luna Foundation Guard aims to raise $1B+ to shore up its UST stablecoin; one deal in negotiations offers LUNA tokens for 50% off
which is meant to be pegged to the dollar — plummets below 30 cents Bloomberg : TerraUSD Backers Seek $1.5 Billion Rescue, Cashaa CEO Says Tweets: Larry Cermak / @lawmaster : The details I have heard ...