UST


Tech

Curve Finance Proposes to End CRV Token Emissions on All UST Pools

On-chain participants are already voting “yes” to the measure.

Curve Finance has a market capitalization of $1 billion. (vlastas/iStock/Getty Images Plus)

Markets

Hashed Wallet Takes $3.5B Hit, Delphi Digital Discloses Loss After Terra's LUNA Collapse

Delphi says the LUNA tokens accounted for 13% of its assets under management at their peak, while Hashed appears to have lost over $3.5 billion.

Destruction of a planet (Lucasfilm)

Finance

Mike Novogratz Ends Twitter Silence, Shares Take on UST/LUNA Crash

The Galaxy Digital CEO confirmed that his company had been taking profits on its Terra holdings this year.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

Markets

First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness

A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors' stablecoin preferences; bitcoin holds above $30,000.

Mercado bajista —bear market, en inglés— de cripto. (Olen Gandy, Unsplash)

Finance

Terraform's Legal Team Quits Amid Terra Stablecoin Fallout

Marc Goldich, Lawrence Florio and Noah Axler left the Terra ecosystem backer in May, according to their LinkedIn profiles.

Empty seats in the Nationals' Terra Club (Danny Nelson/CoinDesk)

Videos

Paul Brody on the Rise and Fall of Terra Luna, Blockchain Use Cases and More

Ernst & Young’s (EY) Paul Brody shares insights into the collapse of Terra’s UST and LUNA, discussing the importance of investing in protocols with “institutional maturity.” Plus, EY has unveiled its supply chain manager built for the Polygon network aimed at solving bottlenecks in product traceability.

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Markets

Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System

Recent weakness in bitcoin and equities looks contemporaneous and doesn’t show any lag or lead effect, the bank’s analysts said.

Eviart/Shutterstock

Opinion

UST Won't Be the End of Algorithmic Stablecoins

The trail for a monetary "Holy Grail" continues, despite Terra’s collapse. So what do we do about it?

(Annie Spratt/Unsplash, modified by CoinDesk)