Why UST’s crash has experts talking and taking different sides
LUNA and UST both are showing signs of recovery after recent collapses, with the same sending shockwaves across the industry. Several experts believe that Terra founder Do Kwon is responsible for the latest crash that wiped out more than $1 trillion from the market. However, it is important to recognize the macro headwinds that are…
What can you expect with no more CAKE to bake
With claims of having the most users than any decentralized platform with over $4.3 billion in funds, Pancake Swap, on 12 May, published a new governance proposal. It put forth the idea to cap the supply of its native token, CAKE, at 750 million. Although opposed by over 100 participants, the major essence of the…
U.K. Treasury to Push Forward With Stablecoin Regulation
Her Majesty’s Treasury (Exchequer) will push forward with a plan to regulate stablecoins based on financial regulation outlined in the Queen’s speech on May 10, 2022. The U.K. Treasury announced that it is open to stablecoin regulation for the purpose of payments but doesn’t plan to include algorithmic stablecoins since they do not provide stability….
Top Crypto Analyst Says Bitcoin (BTC) Just Flashed ‘Extremely Reliable’ Bottom Indicator
A closely tracked crypto trader says Bitcoin (BTC) just flashed a signal that has historically marked the bottom of previous bear markets. In a new strategy session, analyst Kevin Svenson tells his 68,900 YouTube subscribers that Bitcoin’s weekly volume signature on Coinbase is suggesting a possible trend reversal for BTC. “The thing that’s catching everybody’s…
