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Ripple Effects of UST Stablecoin Collapse, Michael Saylor's Bitcoin Bet Under Pressure and More

Ripple Effects of UST Stablecoin Collapse, Michael Saylor's Bitcoin Bet Under Pressure and More

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“The Hash” panel tackles today’s hot topics: Terra’s UST stablecoin loses dollar peg. What happened and what does this mean? Treasury Secretary Janet Yellen uses the UST collapse example to discuss risks to the financial system. Michael Saylor suggests that MicroStrategy will not sell its bitcoin even as BTC falls below its average purchase price. Plus, the reason why the price of Azuki NFTs are plunging.

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