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First Mover Asia: Crypto Market Decline Underlines Its Unpredictability; Bitcoin Holds at $31K

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There’s a lot to unpack about Terra’s UST collapse. Probably least understood was LFG’s opting to lend almost all its reserves to market makers to support the $1 UST peg by specifically making trades marked to $1. TheSamReynolds and JPRubin23 report

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thesamreynolds JPRubin23

thesamreynolds JPRubin23 I have learnt my lesson never to put my money in any other project other than Bitcoin .

thesamreynolds JPRubin23 Wait... What Like.. to artificially stabilize UST or what? 😂

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