CoinDesk

CoinDesk


Ether Futures Lead $1.2B in Liquidations, Crypto Market Cap Drops 16% Overnight

Posted: 11 May 2022 11:14 PM PDT

The past 24 hours were among the biggest crypto market drops in recent months.

Citadel Securities, BlackRock, Gemini Slam Social Media Accusations of Involvement With UST Collapse

Posted: 11 May 2022 10:23 PM PDT

A conspiracy theory that began on 4chan and was amplified by Cardano founder Charles Hoskinson has been met with swift denials by all parties allegedly involved.

Cathie Wood's Ark Invest Grabs More Than Half a Million Coinbase Shares as Exchange's Stock Plummets

Posted: 11 May 2022 09:39 PM PDT

Shares of Coinbase Global (COIN) dove almost 25% on Wednesday after reporting disappointing first-quarter earnings.

First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins

Posted: 11 May 2022 04:38 PM PDT

A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red.

Regulators Should Pay Attention to UST

Posted: 11 May 2022 04:01 PM PDT

Over the weekend, algorithmic stablecoin TerraUSD (UST) broke its peg. It broke it again on Monday, and has yet to recover. Regulators may have to take a closer look at this particular model of stablecoin.

The LUNA and UST Crash Explained in 5 Charts

Posted: 11 May 2022 03:12 PM PDT

One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday.

Arrington Capital Scrubs $100M Anchor Yield Fund From Website After UST Upheaval

Posted: 11 May 2022 02:41 PM PDT

The noted crypto investment firm removed mention of the fund from its website, citing decreased demand.

After DeFi, DeSoc: Finding Web 3’s Soul

Posted: 11 May 2022 02:12 PM PDT

By using Web 3's building blocks to represent social identity, the ecosystem can overcome its current limitations and bring about a decentralized society.

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