Stablegains Faces Lawsuit After Losing $44M on UST

Key Takeaways Yield generation app Stablegains is facing a lawsuit after losing $44 million of users’ funds. Despite previously claiming it used USDC to generate yields, a recent update revealed the company... Read more »

Despite Merge Hype, Ethereum Is at Risk of a Correction

Key Takeaways Ethereum looks weak around the current price levels as trading volumes decreases. Although Ethereum is expected to complete “the Merge” to Proof-of-Stake this year, market sentiment is at a low.... Read more »

Is Tether’s USDT Going to Pull a UST? Probably Not

Key Takeaways Following Terra’s UST collapse, Tether’s USDT market cap has dropped by over $9 billion. The recent redemptions of USDT for dollars have led some to once again question the collateral... Read more »

Fear Prevails in Crypto Market as Bitcoin Tumbles

Key Takeaways The crypto market has lost over $1.7 trillion of value in the last seven months.  Terra’s recent death spiral has had an impact on market sentiment. Another downswing is possible... Read more »

These Metrics Could Help Time the Bitcoin Market Bottom

Key Takeaways Bitcoin has lost more than 43,600 points over the past seven months.  The top cryptocurrency now hovers around $30,000 while threatening to dip lower.  Technical indicators suggest market bottom could... Read more »

Decentraland, Sandbox Tokens May Dip Below $1 Again

Key Takeaways Decentraland has risen by more than 128% since May 12. Meanwhile, SandBox saw its price increase by 60%. MANA and SAND remain on shaky grounds despite the recent gains.  Share... Read more »

Terra Death Spiral Hits $3 as Bailout Rumors Fade

Key Takeaways Terra’s LUNA token is down another 90% today. Efforts to restore UST’s dollar peg have severely impacted LUNA’s price. Terraform Labs CEO Do Kwon has addressed the community on Twitter... Read more »

The Crypto Whales That Backed Terra Before It Imploded

Key Takeaways Terra collapsed in dramatic fashion this week after its UST stablecoin lost its peg to the dollar, sending LUNA into a death spiral. Many of the top venture capital firms... Read more »

Crypto Market Continues Freefall as Bitcoin, Ethereum Tank

Key Takeaways The cryptocurrency market has experienced a sharp decline today. Bitcoin, Ethereum, and many other assets are trading deep in the red amid macroeconomic uncertainty and the ongoing Terra crisis. The... Read more »

Cardano and Polygon at Risk of Freefall

Key Takeaways Cardano and Polygon have dropped by more than 4% over the past 36 hours.  Further selling pressure would increase the risk for the two assets to drop another 50%. ADA... Read more »