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 …
Analysis of weekly realized gains and losses of all personal crypto wallets in 2022: UST's collapse caused $20.5B in losses, Celsius and 3AC $33B, and FTX $9B
Allow us to state the obvious: There's been a lot of doom and gloom in conversations around cryptocurrency over the last month.
An in-depth look at FTX and Alameda shows UST's collapse in May increased their reliance on FTT, leading to $4B outflows from Alameda to FTX in June and July
mins — Nansen's research team dives into the collapse of Alameda and FTX using blockchain analytics — Key Takeaways
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.
On April 6, weeks before UST collapsed, Binance promoted the stablecoin on Telegram as a “High Yield, Safe & Happy Earn” investment with an annual 19.63% yield
Luna Foundation Guard says the company depleted its bitcoin reserves from ~80K to 313 and plans to use its remaining assets to compensate UST users
Luna Foundation Guard says its bitcoin reserves have depleted from ~80K to ~300 and the remaining UST and LUNA tokens will be used to compensate investors
The announcement comes after criticism of the Luna Foundation Guard's “lack of transparency.” — The Luna Foundation Guard (LFG) … Source: @lfg_org .
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
After UST's collapse, most rival algorithmic stablecoins are below their dollar peg; the biggest non-algorithmic stablecoins USDT and USDC are mostly holding
there is no path forward at this point. I would call it — Game Over. I believe as large as these two projects were — there will be a huge investigation and legal actions will be taken similar to the “...