CoinMarketCap: UST stablecoin loses its USD peg, falling as low as $0.60, after the Luna Foundation Guard pledges $1.5B of its bitcoin reserves to support UST
Despite Loan From Bitcoin Reserves The Block : Crypto researcher unpacks why UST broke down and what happens next Brian Newar / Cointelegraph : Terra peg mechanism in doubt as UST crashes to $0.67 Rya...
On a podcast, FTX CEO Sam Bankman-Fried says calling crypto “yield-farming”, where coins are staked for interest, a “Ponzi” is a “pretty reasonable response”
Sam Bankman-Fried describes explains “yield-farming” to Bloomberg. — Honk honk! Source: Bloomberg . Tweets: @wallstcynic , @katie_martin_fx , @cavandy , @emilyjnicolle , @tracyalloway , @katie_marti...
Google has restored service after a significant number of Gmail users saw “error messages, high latency, and/or other unexpected behavior” for a few hours
and has downranked the deliverability of my email address. There are cascading failures resulting from this interruption. https://twitter.com/... Eze Vidra / @ediggs : Another Google down time, organi...