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Google CEO Sundar Pichai on Google I/O 2022 📲 Stablecoins struggling to survive the crypto crash, and Apple discontinues the iPod

The Vergecast

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Cryptocurrency Crisis: Luna, Terra, and Market Turbulence

This chapter explores the upheaval in the cryptocurrency market, particularly focusing on the declines of Luna and Terra. It discusses the impact of rising interest rates on market volatility, the challenges faced by stablecoins, and the emotional rollercoaster of investing amid panic selling. Additionally, it examines the broader implications for traditional financial markets and the risks associated with algorithmic stablecoins.

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