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Terra Proposes Token Burn and Increase in Pool Size to Stop UST Dilution
As algorithmic stablecoin UST and luna (LUNA) continue to fall precipitously, Terra has proposed to burn UST and increase the available pool of luna as a solution to the crisis. "The Hash" team discusses the plan and whether or not it could save Terra from total collapse.
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
Terraform Labs founder Do Kwon has been revealed as one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash. This comes as TerraUSD (UST) and Terra’s LUNA continue their downward spiral. “The Hash” panel discusses what this means for the fate of UST and the Terra Luna ecosystem. Is history repeating itself?
Coinbase Shares Plunge as Weak Earnings Prompt Near-Term Caution
Shares of Coinbase Global (COIN) tumbled nearly 25% Wednesday after the crypto exchange reported disappointing first-quarter earnings. Still, CEO Brian Armstrong tweeted his company is in no danger of bankruptcy, and that its latest SEC filing is simply a requirement. “The Hash” hosts discuss the outlook for Coinbase amid a sour mood in the markets.
Mara Raises $23M From Coinbase, Alameda to Spread Crypto Adoption Across Africa
Pan-African centralized crypto exchange Mara said Wednesday it raised $23 million in a funding round led by Coinbase Ventures, Alameda Research and more. “The Hash” squad discusses the latest in Africa’s burgeoning crypto scene.
Yellen Highlights UST Woes at Hearing on Financial Risks: Will Stablecoin Regulation Come Sooner Than Later?
U.S. Treasury Secretary Janet Yellen brought up the ongoing distress of the UST stablecoin during testimony before the Senate Banking Committee on Tuesday. This came as UST depegged from the dollar, falling as much as 40% before rebounding. “The Hash” team discusses the news timing as stablecoin regulation comes into focus on Capitol Hill.
UST Stablecoin’s Dollar Peg Collapse: What Happened and Why it Matters
Terra’s algorithmic stablecoin UST lost its dollar peg, falling as low as $0.65 before rebounding. “The Hash” panel discusses what happened, how we got here, why these developments matter and the potential impact on the wider crypto ecosystem.
Here's Why Azuki NFTs Are Tumbling
The floor price of Azuki NFTs has dropped significantly from 19 ETH to as low as 10.9 ETH. This comes as the founder, known as Twitter user ZAGABOND, admitted to abandoning past projects. "The Hash" hosts discuss the latest in a debate around NFT founder pseudonymity and transparency.
Michael Saylor Suggests MicroStrategy Will Never Sell its Bitcoin
Even as bitcoin's price has fallen 50% from its highs, MicroStrategy CEO Michael Saylor tweeted that there's almost no price low enough at which his business analytics software company would be forced to sell bitcoin. "The Hash" squad discusses Saylor's investment strategy, outlook and the concerns raised about possible margin calls.
YouTube Bans and Reinstates Bankless Crypto Channel: Why it Matters
Bankless, a YouTube channel with 150,000 subscribers for its Ethereum-focused content, said it had been banned without warning or explanation, leading YouTube to restore service several hours later. “The Hash” group discusses potential use cases for decentralized social media platforms and the role of channels like Bankless in Web 3 education.
Coinbase Faces Q1 Earnings Challenge as Crypto Markets Weaken
Cryptocurrency exchange Coinbase Global (COIN) will report first quarter earnings on Tuesday, possibly seeing some soft spots as crypto prices continue to retreat. “The Hash” panel discusses Coinbase’s recent NFT marketplace debut and the correlation between publicly traded Web 3 companies and the cryptocurrency markets.