Four years ago, the Terra (LUNA) cryptocurrency collapsed after its stablecoin UST lost its $1 peg, triggering a hyperinflationary death spiral that devalued LUNA from $129 to nearly zero in hours. This crash wiped out $40-$60 billion of user funds and caused major crypto lenders like Three Arrows Capital and Celsius to go bankrupt, with total losses exceeding $100 billion. Founder Do Kwon fled but was caught and sentenced to 15 years in the US for his role in the collapse. The event highlights risks of unbacked stablecoins and complex DeFi systems under real market stress.
Capital One experienced a significant 26% increase in purchase volume, highlighting strong growth in its recent franchise acquisition. In contrast, the legacy Discover card volume saw minimal growth, rising less than 2%. This disparity underscores th...
AAVE trades at $128.38 on August 26, 2026, recovering above its 50-day and 200-day moving averages after a 46.5% gain in the past week. Despite this rebound, the coin remains 61.8% below its 12-month high of $336.27 and shows signs of being overbough...
Veeva Systems, a cloud software provider for life sciences, is rated a buy due to strong double-digit revenue growth, expanding profitability, and a solid, low-debt balance sheet. Its subscription model delivers high margins, with Q1 FY2027 showing 7...
Silverco Mining Ltd. reported progress in Q2 2026 including the acquisition of La Negra Mine, production of 158,259 silver equivalent ounces post-acquisition, and ongoing restart of the Cusi Mining Complex with first concentrate expected in Q4 2026. ...
Chinese AI firm Z.ai introduced GLM-5.3-Flash, an AI model claimed to operate solely on Chinese-made chips, marking a significant step in China's drive for tech self-sufficiency amid US chip restrictions. The model ranks 10th globally on the Artifici...
