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Ethereum World News 2022-05-11 09:52:12

Luna’s Price Drastically Collapses Below $5, What Will Be the Regulatory Implications That Come Out of This?

The price of the LUNA token has dropped below $5, while the UST stablecoin has undergone a massive depegging from $1. The depegging has caught the attention of Janet Yellen, who called for stablecoin regulation by the end of the year. The crypto market in general could be in for a rough short-term future as regulation heats up. The LUNA token’s price is undergoing a precipitous drop, with the price sliding by over 80% to around $5 in the past […]

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