Archive The Diary

May 14, 2022 · 2022 #20

Death on Two Legs

By Keith Teare • Issue #309

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Terra’s LUNA token lost 99.99% of its value in a flash and UST, its stable coin, lost close to 80%. This is not supposed to happen. The FT disclosed Tiger Global may be down $17 billion as the tech stocks collapsed. Are crypto and unicorn investing dead?

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