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      • The cryptocurrency market is in turmoil, exacerbated by the collapse of luna and the UST stablecoin, both tied to the terra blockchain. Why it matters Over $17 billion in crypto value has been wiped out, and the collapse has raised questions about stablecoins in general. The crash has caught the eye of politicians and regulators.
      www.cnet.com/personal-finance/crypto/luna-crypto-crash-how-ust-broke-and-whats-next-for-terra/

      Luna Crypto Crash: How UST Broke and What's Next for Terra

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  3. www.coindesk.com › layer2/2022/05 › 11The LUNA and UST Crash Explained in 5 Charts - CoinDesk

    May 11, 2022 · The LUNA and UST Crash Explained in 5 Charts. One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday. By Sam Kessler,...

  4. www.coindesk.com › learn › the-fall-of-terra-aThe Fall of Terra: A Timeline of the Meteoric Rise and Crash ...

    Jun 1, 2022 · Its companion token, LUNA, which was meant to stabilize UST's price, fell from $80 to a few cents by May 12. CoinDesk followed and reported on the rise and the ultimate demise of the Terra...

  5. www.cnet.com › personal-finance › cryptoLuna Crypto Crash: How UST Broke and What's Next for Terra

    May 25, 2022 · What's happening. The cryptocurrency market is in turmoil, exacerbated by the collapse of luna and the UST stablecoin, both tied to the terra blockchain. Why it matters. Over $17 billion in...

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  7. www.coindesk.com › markets › 2022/05/15The Collapse of UST and LUNA Was Devastating, but There Is ...

    May 15, 2022 · The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto. When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a...

    • george@coindesk.com
    • Research Analyst

  8. decrypt.co › 100402How Terra's UST and LUNA Imploded - Decrypt

    May 14, 2022 · Amid the craziest week in crypto ever, the collapse of Terra's UST stablecoin and governance token LUNA emerged as the biggest story. Amid the crash, LUNA, formerly a top 10 coin by market cap, fell 100% to fraction of a fraction of a cent, and UST, designed to stay pegged at $1, bottomed out at 13 cents. So what the hell happened?

    • Liam J. Kelly

  9. www.straitstimes.com › business › companies-markets'Everything broke': What happened in the Terra Luna crypto ...

    May 12, 2022 · Luna has lost nearly all of its value - trading at 63 US cents on Thursday from a high of US$119.18 last month.

  10. www.marketwatch.com › story › what-is-an-algorithmicWhy is UST, LUNA crashing? Collapse of a once $40 billion ...

    May 14, 2022 · Investors are trying to make sense of what’s going on with a popular token known as TerraUSD, or UST, once the world’s third largest stablecoin, which has failed to maintain its value relative...