WHY IS CRYPTO CRASHING? LUNA/UST DEPEG & WHOSE BEHIND IT 05-12-22
Framework Fortune Crypto & Blockchain Gaming
In the past few days the entire Crypto Market has crashed due to UST coin, a stable coin pegged to the US Dollar (USD), being depegged from the Dollar from massive selling pressure in a short time period. In the first article I cover from Coingecko, claims the problem started with Anchor (a layer 2 built on Terra Luna) but I think this crypto crash is more nefarious. Terra Luna blockchain is under a lot of heat to try to stabilize UST but so far efforts are seeming to fail as Luna native coin to Terra Blockchain has crashed below a $1 half year after all time highs of over $100 which is the arbitrage mechanism used to keep UST pegged to the Dollar. Because is this massive crash it has scared investors out of the crypto markets causing Bitcoin and Ethereum to crash enabling a whole ton of other cryptos to crash especially the entire Cosmos Atom Ecosystem which Terra Luna is a part of it. However, every blockchain in the Cosmos ecosystem is it's own blockchain so I do not foresee the Cosmos ecosystem taking any irreversible damage as the Cosmos technology is strong. If you are asking why the crypto market is crashing, hopefully the answers will make sense by the end of this video. In this crypto update, I go over exactly how Luna and UST work together plus share what my research has led me to - a possible attempt to take down the crypto markets in order to save the US dollar and economy by the Federal Reserve.
Coingecko Article - LUNA/UST DEPEG https://www.coingecko.com/buzz/ust-depegged-terra-s-biggest-test
Decrypt Article - LUNA/UST DEPEG https://decrypt.co/resources/what-is-terra-algorithmic-stablecoin-protocol-explained
Federal Reserve 2021 Tapering Investopedia Article https://www.investopedia.com/fed-will-start-tapering-in-december-2021-5208392
Federal Reserve QE Article New York Federal Reserve https://www.newyorkfed.org/markets/programs-archive/large-scale-asset-purchases
Federal Reserve Data https://www.federalreserve.gov/data/intlsumm/current.htm
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#cryptocrash #terraluna #USTdepeg ... https://www.youtube.com/watch?v=ZnwMRSZzBMQ
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