With bitcoin traders taking a beating overnight as Tether’s USDT stablecoin loses its $1 peg, plus a look at where the collapse of Terra’s stablecoin may fit in a history of self-delusion, CoinDesk’s Markets Daily is back with the latest news roundup.
This episode is sponsored by Kava and BCB Group.
Today’s Stories:
Global stocks slide as growth and inflation fears mount | Financial Times
Stock Futures Fall as Inflation Weighs on Markets – WSJ
Terra’s LUNA Has Dropped 99.7% in Under a Week. That’s Good for UST
Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of Near $24K
Ether Futures Lead $1.2B in Liquidations, Crypto Market Cap Drops 16% Overnight
Featured Story: Do Kwon Is the Elizabeth Holmes of Crypto
This episode was edited & produced by Adrian Blust with original music by Adrian Blust & Colin Mealey
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BCB Group is the leading business banking partner for the digital assets industry. We provide the rails to move money and a gateway for crypto to FX markets at scale. Our mission is to connect and bank the global crypto industry. Find out more by visiting bcbgroup.com/coindesk.
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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code MarketsDaily15 to get 15% off your pass at www.coindesk.com/consensus2022.
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