Markets


Markets

'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg

Terra's UST briefly fell below $6.5 billion in market cap on Wednesday morning, allowing DAI to be the fourth-biggest stablecoin on the market for a time.

Do Kwon, a cofounder of Terraform Labs

Markets

Bitcoin Struggles Near $27K-$30K Support Zone

BTC is deeply oversold, but upside appears limited.

Bitcoin daily chart shows support/resistance with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Tech

Bancor 3 Goes Live With Polygon, Yearn, Others as Partners

The new features aim to make DeFi staking easier for DAOs and their token holders.

CoinDesk placeholder image

Finance

Terra Founder Do Kwon Supports Community's UST Proposal, LUNA Slides

The proposal seeks to bring UST back to its intended $1 peg.

TerraForm Labs founder and CEO Do Kwon (CoinDesk TV, modified by CoinDesk)

Markets

Terra’s LUNA Drops to Almost $1 After 90% Weekly Plunge

Value locked on Anchor, Terra’s largest DeFi protocol, dropped some $11 billion in the past two days.

LUNA token concept (Getty)

Markets

Market Wrap: Altcoins Outperform as Bitcoin Stabilizes Around $30K

BTC rose by 4% over the past 24 hours, compared with a 19% rally in MATIC.

Bitcoin rise (Shutterstock)

Markets

Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount

As inflation peaks, bitcoin traders should be wary of reading too much into data.

Consumer Price Index, % Change Over 12 Months, including forecasted number for April 2022 CPI (Source: CoinDesk Research, Department of Labor Statistics, FactSet)

Opinion

Bitcoin Is Down, but You Don't Have to Be

Market conditions are not normal right now, but we can all act sane.

(Liza Polyanskaya/Unsplash, modified by CoinDesk)

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