Do Kwon Cancels Crypto?!
This week has been utter madness, everyone’s eyes were locked on the car crash catastrophe that was UST. It’s failings that were due to its algorithmic nature, yield cuts and token dumps from big money investors. Do Kwon is watching all of this unfold and really understanding the true definition of karma.
UST and LUNA Crash
What was one of the largest stablecoins, TerraUSD (UST), fell from grace after it depegged from its $1 value on Monday and since dropped as much as 70% to $0.2998, when it was never supposed to deviate from the dollar-equivalent value. Recently, the blockchain behind the Luna token stopped processing new transactions for the second time in less than a day.
WWOC: Vatican Museum to open an NFT gallery of its art collection
The Vatican Museum will be using launching an NFT gallery to launch great Itallian artists into the metaverse. The partnership between the Vatican’s non-profit organization Humanity 2.0 Foundation and Sensorium promises to create the first-ever virtual reality (VR) and non-fungible token (NFT) gallery, hosting the Vatican’s art, content and academic initiatives, including manuscripts and masterpieces.
What we cover in this episode
- Crypto market recap
- TerraLuna and UST Crash
- Do Kwons Doh Moments
- Weird World of Crypto
- Big Interviews Lined Up
- Final Thoughts
If you or anyone that you know has been affected by this crash and is looking for someone to talk to, local resources can be found here: https://checkpointorg.com/global/
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Ways to connect with Cryptopulse
Ways to connect with Kevin and Ben
Kevin Twitter: https://twitter.com/KevinBasham
Ben Twitter: https://twitter.com/bdrsquared
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