Weekly Roundup 05/13/22 (Terra collapses, FASB reconsiders Bitcoin accounting, the Fed's third mandate) (EP.318)
On The Brink with Castle Island
Cryptocurrency Market - U and Luna Slash Terra
We had a little bit of a lemon brother situation this week with u and luna. Luna slash terra was basically the consensus trade of last year. And ton's industry participante in son funds, had exposure o this thing. The supply of us t sky rocketed by over an order of magnitude but the price of luna collapsed too quickly to clear out all the bad debt in the us. T.
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