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Crypto Weekly - TerraUSD (UST)'s Depeg Leading to Crypto Capitulation?

Crypto
277 Views, 09 May 2022 02:00
EXECUTIVE SUMMARY
  • Crypto complex down double digits over the past week as yields climb beyond 3% and major asset classes all trade lower with heightened correlation. NFTs also down significantly. 
  • TerraUSD (UST CURNCY) has depegged from USD1 and is again potentially at risk for the dreaded death spiral coupled with Terra (LUNA CURNCY) 
  • As UST and LUNA have a combined market cap of around $40 billion, it could present systematic risk implications for crypto 
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Josh Du
Crypto Fundamental Investor/Analyst
Multi-AssetCrypto

I've been an investor all my career with experiences across multiple asset classes, worked at shops like Horizon (PM), N... 

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