“The extent of the damage caused from the depegging of recent stablecoins, and collapse of LUNA is unknown and will likely continue to play out in the weeks to come, but we expect that recent events in the crypto market to be catalysts for regulation, particularly around stablecoins, which we think would be welcomed by investors,” Chris Allen, an equity research analyst at Compass Point, told clients in a note Friday.
Elsewhere, Robinhood , which has a significant crypto trading business, rose over 26% on Friday after it was learned that FTX CEO Sam Bankman-Fried had taken a
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