Key Points: USDD, a so-called “algorithmic” stablecoin that’s meant to always be worth $1, plunged as low as 93 cents on Sunday. The situation has led to fears that USDD may suffer the same fate … Read more
Key Points: The price of bitcoin fell 9% in 24 hours to $19,217.81, according to Coin Metrics data. The last time bitcoin fell below that level was December 2020. Ether, the second-largest token, plunged 10% … Read more
Terra’s collapse marks “the largest wealth destruction event in the short history of the crypto markets:” QCP Capital It has been a bloodbath week, as some called it, for the crypto market. Stablecoin USDTerra, or UST USTUSD, +27.89%, once among … Read more