Terra LUNA and UST crash explained - Where to go from here?
Two crypto giants, Terra LUNA and TerrasUSD (UST) have crashed in the past week and are only worth a fraction of what they were a month earlier. These crashes caused a market correction across the entire crypto market. To what extent will the failure of the coupling mechanism between LUNA and UST affect the rest of the crypto industry? To bring you up to speed, we will discuss the events surrounding LUNA and UST, their ecosystem and the consequences for the crypto market.