TerraUSD

DefiLlama: stablecoins' total market cap has grown 46% in 2024 so far to a record ~$190B, regaining the ground lost after TerraUSD's infamous collapse in 2022

Sidhartha Shukla / Bloomberg :

Tether's USDT circulation surpasses its $83.2B all-time-high, recovering the ~$20B lost after TerraUSD's 2022 collapse, even as crypto trading volume stays low

Bloomberg :

Tether's USDT circulation surpasses its $83.2B all-time-high, recovering the ~$20B lost after TerraUSD imploded in 2022, even as crypto trading volumes drop

Tether Holdings Ltd.'s stablecoin has recovered all of the roughly $20 billion in market value it lost following the collapse …

A look at the impact of TerraUSD's collapse and FTX's implosion on the South Korean crypto industry, as the media reports TerraUSD had ~200K local victims

Emily Parker / CoinDesk :

Sources: Jump is the unnamed “US trading firm” that the SEC said helped support the TerraUSD stablecoin in May 2021; the SEC has not accused Jump of wrongdoing

Published 1 hour and 25 minutes earlier on  — Jump is the unidentified “U.S. trading firm” …

The 2022 “crypto winter” differs from previous crashes, in part due to the macro environment, the TerraUSD collapse, excess leverage, and contagion from 3AC

The 2022 “crypto winter” differs from previous crashes, in part due to the macro environment, the TerraUSD collapse, excess leverage, and contagion via 3AC

As crypto markets melt down, hedge funds are increasingly shorting tether, as a bet against either the broader economy or the quality of the assets backing USDT

Professional investors got interested in shorting tether after the collapse of another stablecoin, TerraUSD

The knock-on effects of the TerraUSD and LUNA collapse will be felt across the crypto industry and could chill VCs' enthusiasm for investing in crypto startups

Hannah Miller / Bloomberg :

SEC filing: FTX CEO Sam Bankman-Fried bought a 7.6% stake, worth $648M, in Robinhood, calling it “an attractive investment”; Robinhood stock is up 19%+

Happy Friday Everyone!  👋  —  Terra's unraveling has beat … Jordan Lyanchev / CryptoPotato : FTX's Sam Bankman-Fried Buys 7.6% Stake in Robinhood, HOOD Surges 23% Jose Montes de Oca / Newslit Daily : ...