May 5-11, 2022 Luna’s debacle will continue to be infamous

Terra’s debacle forced crypto investors to ask a question they never thought about: should TerraUSD (UST) or Terra (Luna) to $1.00 first? The importance of this question is a sobering reminder of how quickly cryptocurrencies are changing.although Terraform Labs co-founder Do Kwon Still defiant, many in the industry are starting to distance themselves from protocols they believe provide real-world utility for stablecoins and Bitcoin (bitcoin).

The contagion threat of Terra’s apparent collapse may take months or even years to fully quantify, but it looks like the howl of crypto winter is getting louder.Fortunately, blockchain projects Self-reliance with tens of billions of dollars. They will keep building. Can you wait a little longer to realize your digital asset investment thesis?

Celsius Network exec denies rumours of big losses due to market volatility

Consequences of the UST/LUNA fiasco Celsius Network gets negative attention, a cryptocurrency-focused wealth management platform, was allegedly “annihilated” due to events in the past 72 hours. However, the Celsius leadership team confirmed Wednesday that this is not the case. The company’s chief financial officer, Rod Bolger, told Cointelegraph that “we are not exposed to market volatility in any significant way,” including the cryptocurrency crash triggered by LUNA. CEO Alex Mashinsky also tried to clear things up.

FCA-regulated Fasanara Capital raises $350 million in crypto and fintech venture capital fund

If you’ve managed to read anything other than Terra news this week, you’ll know a well-known British investment company Raised $350 million for a new crypto and fintech venture capital fund. Fasanara Capital, which manages $3.5 billion, has identified Web3 and cryptocurrencies as a major investment opportunity — so much so that it plans to make bigger equity commitments to startups than traditional venture capital firms. VCs don’t care about crypto market cycles. They just want to accumulate as much equity in the industry as possible.

Latin America’s largest digital bank will allocate 1% to BTC to provide crypto investment services

A digital bank in Brazil with over 50 million customers is Invest 1% of their net worth in BTC And make it easier for people to buy, sell and store digital assets. Latin America’s largest neobank, Nubank, announced this week that it has partnered with Paxos to realize its crypto ambitions. Cointelegraph has been reporting for years Latin America is an emerging crypto hub. If you’re nervous about the market, check out Nubank’s executive team’s take on crypto’s potential in the region.

Michael Saylor Reassures Investors After Market Plunge Hurts MSTR and BTC

and Bitcoin falls below $30,000 — and MicroStrategy’s average BTC cost basis — CEO Michael Thaler assures investors His crypto-heavy business intelligence firm is not at risk of a margin call. Saylor said the bitcoin price must fall below $3,600 before the company has to post other collateral. Crypto Twitter has accused Saylor of secretly selling some of his BTC holdings. This is not true, nor are the rumors that MicroStrategy went bankrupt due to its Bitcoin reserves.

Can you put up with more LUNA analysis?watch this video

this market report This week, when I discuss Terra Luna with fellow analysts Jordan Finneseth, Marcel Pechman and Benton Yuan, the panel meets outside of normal hours. We discuss exactly what went wrong with the Terra ecosystem, how UST lost its peg, and what this could mean for your portfolio over the next 12 months. You can watch the full replay below.

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