Altcoins

Christine Lagarde made the admission as she warned about the dangers of digital assets once again — doubling down on her assertion that virtual currencies are worthless.

Do's proposal, if passed, would see Terra split into two blockchains — Terra and Terra Classic.

Do Kwon published a revival plan for Terra, but Changpeng Zhao and Vitalik Buterin were not impressed by it. Terra also revealed its current BTC holdings, and SBF commented on Bitcoin.

The Luna Foundation revealed its reserve assets and Bitcoin has almost disappeared from its balance sheet.

Terra's CEO Do Kwon broke his silence with a new revival plan for the ecosystem, but Vitalik Buterin and Changpeng Zhao doubt it will work.

The Terra Foundation halted its blockchain, LUNA and UST tokens were delisted on major exchanges. Meanwhile, SBF bought 7.6% of Robinhood and a former crypto queen is wanted by Europol.

Terra halted its blockchain, and Binance suspended LUNA trading following the coin's implosion.

Altcoins continue getting hammered across the board, with several L1s down more than 80% and other altcoins exceeding losses of 90%.

Another stablecoin was under attack during the Asian trading sessions, as Tether briefly dipped below $0.95.

The Terra Foundation tweeted a new plan that is to restore the peg of UST and stake 240 million LUNA in the process.

Also today, why Bitcoiners are trying not to say "I told you so" after UST and LUNA imploded.

The embattled executive has been criticized after falling silent for almost 24 hours as the crisis engulfing his blockchain's two flagship cryptocurrencies worsened.

MicroStrategy's Bitcoin investment briefly swung to a loss for the first time ever, and undaunted, El Salvador is buying the dip.

Binance suspended withdrawals for both LUNA and UST in the early hours of Tuesday "due to a high volume of pending transactions."

It's important to stress that this article shouldn't be regarded as investment advice. The markets are extremely turbulent right now, and things can change in the blink of an eye.

Also today, thieves are targeting people who store crypto on their phones. We've got some top tips for protecting yourself.

Records from the City of London Police even reveal that a mugger targeted a man who was vomiting under a bridge.

A depeg of the UST stablecoin has the potential to send shockwaves through the crypto ecosystem — more so now than a few months ago.