Hodler’s Digest, Might 8-14 By Cointelegraph

Breaking: blockchain formally halted following LUNA value collapse

This week, information in regards to the Terra ecosystem dominated the headlines after algorithmic stablecoin TerraUSD (UST) misplaced its peg to the U.S. greenback and continued to crash.

At its lowest level throughout the week, UST fell to round $0.13, in keeping with CoinMarketCap. The meltdown additionally affected LUNA as a consequence of its symbiotic relationship with its sister asset. After reaching a excessive of $120 in early April, LUNAs worth plummeted this week to principally zero.

Leaked report: South Korea to ascertain crypto framework by 2024

Meta will take a look at digital collectibles on Instagram beginning this week

Robinhood (NASDAQ:) shares spike 30% after Sam Bankman-Fried buys $650M stake

ECB lays out ‘nameless’ digital euro as public opposes ‘slavecoins’

macro backside ‘not in but’ warns analyst as BTC value holds $30K

Galaxy Digital reviews $112M Q1 loss, citing crypto value volatility

‘Mortified’ crypto dealer will get 42 months for fraud, claiming he was a complete gun

Breaking: Binance suspends LUNA and UST buying and selling amid points on Terra blockchain

Bitcoin 2022 Will the actual maximalists please get up?

Can turn out to be the dominant PoS chain regardless of persistent outages?

What occurred? Terra debacle exposes flaws plaguing the crypto business

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