Terra’s Collapse contributed to Cardano’s Vasil Hard Fork delay

Cardano ($ADA) inventor Charles Hoskinson has said that the team opted to be extra careful after Terra’s collapse, which caused the network’s Vasil hard fork, which is anticipated to bring a “massive performance improvement,” to be partially postponed. Hoskinson explained in a recently released video that after Terra’s ecosystem collapsed, the Cardano development team decided[…]

USDC stablecoin, the big ‘winner’ of the crypto collapse

The market capitalization of the USDC stablecoin has grown.When Terra and its UST stablecoin crashed last week in tandem with a marketwide crypto meltdown, the outlook for crypto in general, and stablecoins in particular, looked bleak. However, one victor emerged from the meltdown in terms of market cap and, presumably, reputation: the USDC stablecoin. As[…]

Buterin says Terra should prioritise protecting the smallholders over the whales

Vitalik Buterin has asked for redress for the average UST smallholder who was enticed by crypto influencers’ promises of high stablecoin yields. Vitalik Buterin, the co-founder of Ethereum, believes that any proposed payment strategy for the ailing Terra project should prioritize smallholders. As widely known, the Terra ecosystem experienced a death spiral around May 9,[…]

LUNA plummets 20% in a single day as whale dumps Terra’s UST stablecoin

Excess Terra supply, combined with UST supply contraction, is causing LUNA prices to fall. Terra (LUNA) has plummeted following a FUD attack on its native stablecoin TerraUSD (UST). The LUNA/USD pair fell 20% on May 7 and May 8, reaching $61(R 985), its lowest level in three months after a whale unloaded $285 million (R4.6bn) in[…]

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