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Hodler’s Digest, May 8-14 -Breaking


Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14

Breaking: Blockchain officially halted after LUNA’s price collapse

After the algorithmic stablecoin TerraUSD lost its peg with the U.S. Dollar, and then continued to crash, the news surrounding the Terra ecosystem dominated headlines this week.

CoinMarketCap reported that UST was at $0.13 during its lowest point of the week. LUNA also suffered from the meltdown due to it’s Symbiotic relationship to its sister asset. After hitting a peak of $120 in April, the LUNAs’ value plunged this week to practically zero.

Unpublished report: South Korea establishes a Crypto Framework by 2024

Meta will start testing digital collectibles starting next week on Instagram

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

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

macro bottom ‘not in yet’ warns analyst as BTC price holds $30K

Galaxy Digital announces $112M loss in Q1, citing volatility in crypto prices

‘Mortified’ crypto trader gets 42 months for fraud, claiming he was a total gun

Breaking: Binance suspended UST and LUNA trading due to Terra blockchain issues

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