THE CELSIUS BLOWUP, EXPLAINED.
Huge sectors of crypto are imploding, and crypto unicorns might be coming down with it.
Luna was first, but now $10b giant Celsius is facing insolvency and even bankruptcy.
Let's dive in:
@CryptoKaleo This is why it’s so important to aim to have a full, rich life. The only people that smile at the despair of others are people that don’t have that themselves. Really sad about those that lost so much these last few days. And to you trolls: I hope you find the happiness you seek
Millionaires are made in bear markets. 🐻
But some folks don’t know what a bear market even entails, let alone how to navigate one.
You’re in luck: Here’s a quick Bear Market Survival Guide for Crypto/NFTs.
Let’s get started 👇
The rumors floating around about how Luna collapsed so quickly all converge to the same reality that every defi protocol and cryptocurrency face: There is a massive attack surface from hackers to traders. If there is an exploit, then someone will find it and break it.
An $18 billion stablecoin is losing its dollar peg with all the magical chaos of algorithmic stables, with a dash of Bitcoin systemic risk drama.
Here's everything you need to know.
The $UST Depeg Thread:
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