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Latest from Sam Kessler
UST Stablecoin Veers Wildly From Dollar Peg. Here's the Latest
By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021.
UST Stablecoin Loses Dollar Peg for Second Time in 48 Hours, LUNA Market Cap Falls Below UST's
The development comes after the Luna Foundation Guard announced that its massive bitcoin reserves will be used to defend UST’s dollar peg.
Compound’s Enterprise Arm Receives S&P Credit Rating in DeFi First
The iffy B- grade applies to Compound Treasury, a platform promising 4% yield for USDC-denominated business accounts.
UST Stablecoin Briefly Loses Peg, Luna Drops 10%
The Saturday event led to questions about whether Terra’s bitcoin reserves will soon face their first test
Typo Moves $36M in Seized JUNO Tokens to Wrong Wallet
Validators, developers and token holders grapple with who is to blame for the copy-paste error that moved the tokens to an address no one can access.
Arweave-Based Bundlr Raises $5.2M to Boost Decentralized Storage
Bundlr aims to scale Arweave by allowing for near-instant transaction finality.
The Yuga Labs Catastrophe Could Have Been Prevented
Conspiracy theorists say Yuga Labs clogged up Ethereum to justify the launch of its own chain, but maybe the Bored Ape creators just screwed up.
DeFi Lender Rari Capital/Fei Loses $80M in Hack
Fei Protocol, which late last year merged with Rari, announced a $10 million bounty should the funds be returned.
Juno Blockchain Community Officially Votes to Revoke Whale’s Tokens
Takumi Asano says he may pursue legal action against the Cosmos-based chain’s validators unless the confiscated funds are returned to his investors.
DeFi Trading Platform Hashflow Introduces Bridgeless Cross-Chain Swaps
The platform will enable native-to-native swaps, without slippage or pesky cross-chain bridges.
