The Nasdaq-listed software company is currently sitting on a paper loss of $330 million after buying thousands of bitcoins.
The post MicroStrategy’s bitcoin bet turns negative, triggering $330 million paper loss appeared first on The Block.
The UST crisis is causing billions of Luna to be minted — and it may not ease up any time soon.
The post Billions of Luna minted as supply grows 20-fold in four days appeared first on The Block.
Mike Dudas of 6th Man Ventures has amassed the bulk of $145 million for his second venture fund.
The post 6th Man Ventures is raising $145 million for a second crypto fund appeared first on The Block.
A proposal on Anchor’s governance system advocates drastically reducing the UST yield.
The post Anchor contributors consider cutting UST yield to 4% from 19.5% appeared first on The Block.
Bitcoin (BTC) is trading below $30,000 on Thursday amid a broader market downturn that’s been led by the troubled Terra ecosystem.
The post Bitcoin tumbles below $30,000 as negative sentiment spreads in wake of UST de-peg appeared first on The Block.
Terraform Labs published measures it’s undertaking to help restore the TerraUSD peg with the US dollar.
The post Terra outlines stablecoin support measures as Luna slides below 10 cents appeared first on The Block.
The stablecoin’s open market price dropped below $0.96 on Thursday, three days after TetherUSD definitively broke from its dollar peg.
The post Tether’s market price slips below dollar parity amid ongoing stablecoin woes appeared first on The Block.
The price of LUNA, the native token of the Terra blockchain, has hit new lows this morning.
The post LUNA hits new lows as Kwon pursues plan to restore UST peg appeared first on The Block.
The Securities and Exchange Commission is likely already investigating what happened to UST over the past week, two former SEC lawyers tell The Block.
The post The SEC has already sued Terraform Labs. It has every reason to investigate UST, lawyers say appeared first on The Block.
Quick Take
- Founded in 2013 by Richard Rosenblum and Cristian Gil, GSR is a crypto market-making firm offering risk management and structured product strategies for investors
- GSR was one of the most active investors in the crypto venture market, with 29 investments in Q1’22
- The firm has publicly deployed capital to at least 95 projects across 9 verticals, which The Block has mapped out
