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Terra’s Collapse Explained in 5 Minutes and Other Top Crypto Updates
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Terra’s Collapse Explained in 5 Minutes and Other Top Crypto Updates

May 18, 2022
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Terra’s Collapse Explained in 5 Minutes and Other Top Crypto Updates
newsletter.efrontier.io

Welcome to Efficient Frontier’s first cryptocurrency news roundup!

Here are the most interesting and informative links we’ve come across (or posted!) lately:

  1. Terra collapse: the executive summary

    If you need a concise rundown, here’s our 4-minute explanation of the Terra collapse in 5 charts. 

  2. Terra: one hour essential podcast on UST & algostables

    Bloomberg’s podcast talked with Kevin Zho, the crypto hedge fund founder who led the effort to warn against Terra for months. The crypto veteran details Terra’s collapse and algo-stables from A-Z. 

  3. Bear market advice thread for crypto founders by Michelle Bailhe from Sequoia VC

    Twitter avatar for @michellebailhe
    Michelle Bailhe @michellebailhe
    Crypto founders: if you’re staring at a lot of red right now and wondering what to do about it, here are some thoughts from Sequoia's 50 years of experience, adapted for crypto 👇
    1:25 AM ∙ May 17, 2022
    2,065Likes500Retweets
  4. The Guardian reports Tether USDT redemptions hit $7.6 billion

    On-chain data from Massari shows a $8 billion drop in USDT tokens outstanding, also signalling redemptions.

  5. Terra collapse aftermath

    • The Block reported Celsius withdrew half a billion dollar out of Anchor before it crashed

    • Economist Tuur Demeester warns to be cautious of passive income products such as Celsius, Nexo and BlockFi 

    • Twitter thread: The Block Research on how Jump tried to defend the UST peg

  6. Sefdain Amos on the Lex Fredman’s video podcast

    Why are we into crypto in the first place?  Is Fiat currency inherently evil? 

    If you have a couple of hours…Lex Fredman talks with one of the world’s most adamant and captivating Bitcoin believers about the Fiat money system, Bitcoin and much more.

  7. Animoca Brands chairman on Pomp Podcast

    Yat Siu talks about building in the bear market, his fundamental views on the Metaverse, digital property rights and how Animoca Brands got into crypto investing in 2018.

  8. Financial regulators and central bankers from 44 emerging countries are meeting in El Salvador to learn about Bitcoin

    Twitter avatar for @nayibbukele
    Nayib Bukele @nayibbukele
    Central bankers and financial regulators from 44 countries enjoying their second day of talks about financial inclusion, banking the unbanked, and #Bitcoin adoption in @Bitcoinbeach and in El Salvador 🇸🇻
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    2:48 AM ∙ May 18, 2022
    9,411Likes1,713Retweets
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Terra’s Collapse Explained in 5 Minutes and Other Top Crypto Updates
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