Terra
DappRadar: NFT Trading Volumes Hit $2B Last Month
According to Web3 data platform DappRadar’s latest industry report, NFT trading volumes reached $2 billion in February – the highest number since before the meteoric crash of Terra and its UST and LUNA tokens in May 2022. CoinDesk Reporter Cam Thompson joins "The Hash" panel to discuss the state of the digital collectibles industry, citing the success of the Yuga Labs ecosystem and the Blur NFT marketplace.
What to Expect From CoinDesk's Crypto Crooks Season 2: The Rise and Fall of Do Kwon
The CoinDesk Podcast Network is launching the second season of "Crypto Crooks," following the story of Terraform Labs co-founder Do Kwon. CoinDesk Chief Insights Columnist and "Crypto Crooks" host David Z. Morris shares a preview. "Crypto Crooks" Season 2: The Rise and Fall of Do Kwon, debuts on Tuesday, Feb. 28.
BIS Report Highlights How Retail Investors Fared After FTX's Collapse
While most crypto app users worldwide lost money on their bitcoin holdings after last year's collapses of the Terra ecosystem and the FTX exchange, investors outside of major economies took the biggest hit, the Bank for International Settlements said in a report published on Monday. "The Hash" panel discusses the key takeaways and what it suggests about the impact of the recent crypto contagion.
Jump Crypto Booked $1.28B in Profits as Terra's Ecosystem Crumbled: Sources
When U.S. regulators sued Do Kwon and Terraform Labs this week for the spectacular implosion of their UST stablecoin and related LUNA token, a huge question was left unanswered: who was the trading partner that booked $1.28 billion in profits as Terra’s $40 billion ecosystem crumbled? According to CoinDesk sources, it was Jump Crypto, a company whose parent has deep roots in conventional finance that’s become a giant in digital assets. “The Hash” panel discusses the latest developments after the SEC released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs.
Brian Laverdure: Time For Regulations
Crypto and blockchain have seen everything this year. From the start with its all-time highs and its role in the Ukraine War to the year ending with the debacles of Terra Luna and the mess left by FTX and much more. These instances have left the industry edging more towards the importance of security and regulations in the space. We spoke with the Independent Community Bankers of America's Brian Laverdure to learn more about developments in crypto asset regulation and how they might help the industry rebound.
Do Kwon Reportedly in Serbia; Future of FTX’s Political Donations
U.S. prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reports. Do Kwon, wanted internationally in connection with Terra's collapse, has moved to Serbia through Dubai, according to CoinDesk Korea. And Bloomberg reports that at least $73 million of political donations tied to Sam Bankman-Fried’s FTX may be at risk of being clawed back.
