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$40 Billion Dollar Terra Luna Crash Explained - The Market Fallout | The New Normal EP 47
In this New Normal Episode we go over the crash of LUNA explained with a full explanation of what happened and the market impact on crypto.
Terra's native token $LUNA crashed to $0 and the Terra Stablecoin $UST depegged from $1 and is also heading to $0.
Billions of dollars were lost due to this event.
MacNCheeasy, and Jesse Friedland break down this crypto topic so anyone can understand in THIS WEEKS episode of The New Normal.
NEW EPISODES EVERY TUESDAY.
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Your Hosts: @JesseFriedland (https://twitter.com/JesseFriedland)
@MacNCheeasy (https://twitter.com/MacNCheeasy)
Timestamps:
00:00 – Intro
02:56 – Wtf just happened with Terra LUNA?
07:40 – Do Kwon’s response
11:00 – LUNA’s BTC reserves
14:50 – Anchor Protocol and stablecoins
20:20 – Stablecoin regulations
25:37 – Global implications
30:45 – The fallout
33:18 – Will this be remembered forever?
35:20 – Closing thoughts
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By The Incubator
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In this New Normal Episode we go over the crash of LUNA explained with a full explanation of what happened and the market impact on crypto.
Terra's native token $LUNA crashed to $0 and the Terra Stablecoin $UST depegged from $1 and is also heading to $0.
Billions of dollars were lost due to this event.
MacNCheeasy, and Jesse Friedland break down this crypto topic so anyone can understand in THIS WEEKS episode of The New Normal.
NEW EPISODES EVERY TUESDAY.
► Join The Incubator Here ⬇️ https://discord.gg/fvMHvZ46bE
Follow The Incubator here:
► Instagram: https://www.instagram.com/jointheincu...
► Twitter: https://twitter.com/theincubator_
► TikTok: https://vm.tiktok.com/ZM8po6h1j/
Your Hosts: @JesseFriedland (https://twitter.com/JesseFriedland)
@MacNCheeasy (https://twitter.com/MacNCheeasy)
Timestamps:
00:00 – Intro
02:56 – Wtf just happened with Terra LUNA?
07:40 – Do Kwon’s response
11:00 – LUNA’s BTC reserves
14:50 – Anchor Protocol and stablecoins
20:20 – Stablecoin regulations
25:37 – Global implications
30:45 – The fallout
33:18 – Will this be remembered forever?
35:20 – Closing thoughts