was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained.
US-based lender Celsius Network earlier this month said it would suspend withdrawals, and many of the industry’s recent problems can be traced back to the spectacular collapse of so-called stablecoin TerraUSD in May. To be sure, the developments in crypto have coincided with an equities slide, as US stocks suffered their biggest weekly percentage decline in two years on fears of rising interest rates and the growing likelihood of recession.
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