Terra’s death spiral is hitting all its crypto friends
The stablecoin’s recent crash has wiped $17.5 billion from the raft of projects banking on its success.
Bitcoin24h
$64,413.81-1.02%
Ethereum24h
$1,893.25-1.35%
BNB24h
$613.50+1.51%
XRP24h
$1.01-2.48%
Solana24h
$76.07-1.11%
TRON24h
$0.3366+1.57%
Hyperliquid24h
$55.23+0.21%
Dogecoin24h
$0.0706+0.81%
UNUS SED LEO24h
$9.40-2.55%
Zcash24h
$488.70-3.80%
Coinbase boss Brian Armstrong sorry for leaving retail users high and dry
Armstrong admitted that, while Coinbase’s Prime and Custody customers had “strong legal protections in their terms of service,” retail customers didn’t.
A new crypto trading hamster is here to close the banks
Mr Goxx Jr. has a swankier set up than his predecessor but so far the latest crypto trading hamster has had to battle a Bitcoin downturn.
Coinbase listing hype appears dead as exchange falls 80% from all-time highs
Last week the American crypto exchange saw its share price drop into double digits for the first time when it sank to just over $84.
Here’s how crypto’s third largest stablecoin Terra (UST) collapsed
Third-largest stablecoin UST de-pegged from the US dollar, traded as low as $0.62, and lost over $4 billion in market capitalization.
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