Seven-day price action remained mostly positive even as industry news ... did not.
Coinbase ranked second overall in revenue growth among companies on the list, at 514%, trailing only Moderna.
CoinSwitch CEO Ashish Singhal on Sunday called for clearer rules to resolve the regulatory uncertainty in India's cryptocurrency space.
Some saw it coming. In 2018, Cyrus Younessi, an analyst at crypto investment firm Scalar Capital, saw UST’s white paper and immediately warned his boss. The algorithm pegging Kwon’s stablecoin to the greenback, Younessi said, could one day fail and cause a “death spiral” if Terra’s ecosystem was drained of capital too…
The collapse of UST triggers supervision, and many countries emphasize strengthening regulatory measures for DeFi and encryption
Since May 10, when the largest algorithmic stable coin, UST, was seriously de-anchored, and LUNA collapsed and fell into a death spiral, the entire crypto market was driven down, and the overall market was unstable. The chain reaction also attracted the attention of regulators from all over the world.
We haven't reached the bottom yet.