The UST stablecoin collapse exposed a critical flaw in Terra's algorithmic design, relying on market confidence in its linked token LUNA rather than dollar reserves. When UST lost its $1 peg due to selling pressure, the mint-and-burn mechanism expanded LUNA supply, causing a price crash and a self-reinforcing death spiral. This led to one of crypto's fastest wealth destructions and SEC fraud charges against Terraform Labs and founder Do Kwon. The event highlights risks in algorithmic stablecoins, emphasizing the need for backing assets and stable redemption mechanisms.
The UST stablecoin collapse is the subject, with Pluang's market data providing context for cryptocurrency trends. For readers following crypto, here is Pluang's market snapshot as of Sep 23, 2026 17:51 WIB: out of 50 major cryptocurrencies, 36 rose and 13 fell today. Notably, XNO (Nano) dropped 14.35% to Rp6.669 with a typical hold time of 86 days and a 42% sell order activity, contrasting with BAT (Basic Attention Token) which gained 11.83% to Rp1.674 and saw 99% buy orders, while SNX (Synthetix) rose 11.82% to Rp4.683 despite 92% sell orders and a shorter hold time of 69 days.
A Snap insider has sold 20,000 shares as the company's stock has declined by 27% over the last year. This insider sale may signal concerns about the stock's near-term prospects or a personal decision to liquidate holdings. Investors should watch for ...
Analyst Daniel Sparks projects Sandisk's stock price to rise from about $1,790 to the low $2,000s by 2030. This growth forecast suggests the stock will not outperform the broader market during this period. Investors should consider this moderate outl...
TON Strategy Company (TONX) provides investors exposure to Telegram's blockchain ecosystem through holding and staking GRAM tokens. The company’s value depends on the adoption of Telegram’s network and demand for GRAM, with potential upside from stak...
The FTX bankruptcy estate transferred 27,372 ETH, worth about $75.32 million, to market maker Wintermute through six wallets. This move is part of ongoing liquidation efforts to pay creditors, who have received roughly $11 billion across five distrib...
Sprouts Farmers Market received a buy rating due to its strong free cash flow, high-quality earnings, and successful new store openings. The stock is considered undervalued, trading about 41.5% below its estimated intrinsic value of $117.43 per share...
