Crypto crash? What investors need to know about Luna, Tether, and bitcoin

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. Find me on Twitter at @FrancesYue_ to send feedback or tell us what you think we should cover.

Crypto Metrics Note: The list only includes moves of the top 100 largest cryptocurrency by market capitalization. As the losses were extended, Terraform Labs restarted the Terra blockchain to “prevent governance attacks,” it tweeted Thursday. Tether briefly falls off peg Tether, the largest cryptocurrency stablecoin by market cap, fell to as low as 95 cents against the dollar briefly on Thursday, before it recovered to about $1, according to CoinDesk data.

“I wouldn’t characterize it at this scale as a real threat to financial stability, but they’re growing very rapidly,” Yellen said, during testimony at the House Financial Service Committee. Crypto companies, funds Shares of Coinbase Global Inc. COIN gained 1.8% to $54.68 on Thursday, while it has fallen 52% over the past five trading sessions. Michael Saylor’s MicroStrategy Inc. MSTR lost 2% Thursday to $164.84, while it was down 47.3% over the past five days.

What you needed to know is that when usdt started to do that sketchy 💩 you should’ve moved it 😂

USDT Available for sale we can suplier more than. A million we accept RMB, Korea bank transfer and any other transfer massage me on my email maryloggiesgmail.com

People need to know that crypto is a technology masquerading as an investment! It’s a scam! If a currency can’t fall, can’t be beaten by inflation, that means a house purchased with Bitcoin should not go up in value! Money is money, and if it can’t fall in value, it ain’t money!

History repeats itself! 🤪

I need a dollar to buy $LUNA safeluna btc LUNA LUNAtics please

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Crypto Investors Do Not Under Any Circumstances Gotta Hand It To LunaCrypto Investors Do Not, Under Any Circumstances, 'Gotta Hand It To Luna' Don't believe the frake news, Luna is making a comeback as a launderer's preferred currency.
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Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy – Bitcoin NewsThe issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar. UST Terra SHIBA INU perfectly 🌠💯 Free Airdrop SHIB SHlBT0KENEVENT I think it's the owner of the Coin who sells the community that ends up getting REKT...
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Breakingviews - Stablecoin crash drags crypto ideals back to earthDo Kwon had one job. The self-titled “master of stablecoin” designed a popular digital token, TerraUSD, that was supposedly pegged to the dollar. On Wednesday its value slumped below 30 cents. The collapse brings highfalutin cryptocurrency ideals back to earth.
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