Bitcoin Demand Falls At Fastest Pace Since LUNA Collapse: Data
On-chain data shows the total demand for Bitcoin has significantly contracted over the past month, hitting a pace comparable to the LUNA collapse. Bitcoin Spot & Futures Demand Has Shrunken Recently As pointed out by CryptoQuant head of research Julio Moreno in an X post, Bitcoin demand has been contracting at a sharp rate recently. […]
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Data from Glassnode shows the demand for Lido Staked Ethereum (stETH) has observed a sharp 142% growth since May 2022. Demand For stETH Has Far Surpassed That Of Ethereum Since LUNA Collapse Since the arrival of proof-of-stake (PoS) on the Ethereum blockchain, liquid staking projects have cropped up, which let users stake their ETH through […]
The price of Bitcoin has been under significant downward pressure over the past week, and the falling spot demand might be one of the factors behind the downturn, according to a CryptoQuant head of research. Bitcoin Apparent Demand Falls To -40K BTC In a May 22nd post on the X platform, CryptoQuant’s Head of Research, […]
The Terra (LUNA) collapse may be almost a month old at this point but its impacts remain fresh in the mind of investors. Millions of users on the decentralized finance (DeFi) network had lost billions of dollars when UST had suddenly lost its peg, triggering a rise in the supply of LUNA, which meant more […]
During a recent interview with the Wall Street Journal (WSJ), Terraform Labs (TFL) founder Do Kwon said he was “devastated” by the LUNA and UST implosion that took place in mid-May. He told the WSJ that he was probably a billionaire when LUNA tapped an all-time high before the collapse, but lost a great portion of his net worth following the aftermath. Do Kwon Speaks About the Terra LUNA Collapse Do Kwon has recently discussed the LUNA and UST fallout during an interview with the WSJ contributors Alexander Osipovich and Jiyoung Sohn. The interview was published on June 22,....
The managing director of the International Monetary Fund (IMF) reportedly said that investors should not completely pull out of crypto after the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). IMF Chief Has a Message for Crypto Investors After the Collapse of LUNA, UST Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed cryptocurrency at the World Economic Forum’s annual meeting in Davos Monday. She urged people not to completely shun crypto after the recent collapse of algorithmic stablecoin terrausd (UST) and....