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Latest from Sam Reynolds
First Mover Asia: Pine Wants to Test the Liquidity of the NFT Market; Cryptos Are Well-Red
The number of users on NFT markets is at its lowest point this year, but still higher than in 2021. The crypto lending platform sees an opportunity.
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness
A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors' stablecoin preferences; bitcoin holds above $30,000.
First Mover Asia: Metaverse ETFs Are Underperforming Gaming ETFs; Cryptos Return to the Red
Public interest continues to grow about the metaverse, but not as much in metaverse ETFs. Does crypto belong in everything?
Nigeria’s SEC Affirms All Digital Assets Are Securities in New Rulebook
Rules look to clarify crypto’s role in the economy by providing a regulatory framework.
First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds
Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.
LUNA, UST Still Available on FTX and Other Exchanges Despite Terra Blockchain Halt
Transactions conducted during the blockchain halt are not considered to be final because they can’t be settled.
First Mover Asia: Terra’s Planetary Collapse Is Taking Down Crypto Lending, Altcoins Plummet
Data suggests that many traders are moving their assets from DeFi platforms; bitcoin rallies after falling below $26,000 in Thursday trading.
First Mover Americas: BTC Drops to 2020 Levels of $25K; Tether Loses $1 Peg
The latest moves in crypto markets in context for May 12, 2022.
Terra Proposes Token Burn and Increase in Pool Size to Stop UST Dilution
Terra believes decreasing the amount of UST in circulation while increasing the amount of available LUNA is the easiest way to return the UST to its dollar peg.
Citadel Securities, BlackRock, Gemini Slam Social Media Accusations of Involvement With UST Collapse
A conspiracy theory that began on 4chan and was amplified by Cardano founder Charles Hoskinson has been met with swift denials by all parties.
