cdtv
Crypto in Focus on Capitol Hill
The House Financial Services Committee is holding a hearing on the Financial Stability Oversight Council with Janet Yellen. Separately, the House Agriculture Committee is expected to hold a hearing on the FTX disintermediation proposal. CoinDesk’s Nikhilesh De discusses what to expect. Plus, reactions to EU reportedly looking to ban large-scale stablecoins.
Terra’s LUNA Sacrifice; Australian Crypto ETFs Launch
Terra sacrifices LUNA to save UST peg. Crypto market tumbles in response to inflation data and Terra fiasco. Australia’s first Bitcoin and Ethereum spot ETFs go live. South Korea hopes to institutionalize crypto by 2024. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
How Low Will Bitcoin Go?
U.S. President Donald Trump’s commitment to tariffs wipes $300 billion from the crypto market and over $8 trillion from global stocks, since they were announced last week. After bitcoin fell below $75,000 Monday, CoinDesk's Christine Lee explores how low bitcoin can go under current market conditions on "Chart of the Day."
Chainalysis CEO on What On-Chain Data Reveals About UST’s Downfall
Chainalysis Co-founder & CEO Michael Gronager discusses the on-chain trends his firm is tracking for insights into UST unravelling. What does the data tell us about the role of institutional investors in UST’s collapse and the wider crypto markets? Plus, BTC dominance, Chainalysis raising $170 million doubling its valuation to $8.6 billion and more.
Meet the Terra Skeptic Who Predicted UST’s Turmoil
Kevin Zhou, founder of crypto-quant hedge fund Galois Capital and a noted skeptic of Do Kwon and the Terra community, dissects what he got right about UST stablecoin months before its collapse: What were the red flags? What’s keeping it alive? Could it restore its $1 peg?
Exploring the Fallout of UST Stablecoin's Collapse
Kevin Zhou, Galois Capital founder and vocal critic of Terraform Labs CEO Do Kwon's work, discusses the impact of the TerraUSD (UST) turmoil on the Terra ecosystem and the wider crypto markets as regulation looms. Plus, reactions to Terra's community-proposed plan that hopes to save UST.
Bitcoin Struggles Around $30K Amid Broad Crypto Market Fear
Bitcoin is trading at the bottom of a year-long price range near $30,000 as the Terra ecosystem continues to cause turmoil in the broader crypto markets. CoinDesk’s Damanick Dantes discusses his bitcoin analysis and outlook, sharing insights into BTC’s fear and greed index, options and futures market and market dominance.
Luna Foundation Guard’s Reserve Balance Declines to Zero to Defend UST Peg
Luna Foundation Guard (LFG) has moved all of its reserves to bitcoin exchanges to defend its UST stablecoin’s 1:1 dollar peg. LFG’s reserve balance has declined from 80,394 BTC to zero, and the majority has been deposited onto the Gemini exchange. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
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.
