It’s Sunday, and here are 5 stories that outline significant market trends that I think were largely overlooked this past week. Not talking about the price moves, or the Terra implosion (although perhaps tangentially) – just trend-shaping news that deserves more attention. /1🧵
BREAKING: Terra has proposed to rename and create a new blockchain for $LUNA without $UST.
JUST IN: US SEC Commissioner Hester Peirce says stablecoins are likely to be regulated in light of Terra's $UST crash.
JUST IN: #Terra CEO Do Kwon's spouse has requested police protection after an unknown person visited their home and rang the doorbell.
JUST IN: Terra has announced plans to burn $1.4 billion $UST and stake 240 million $LUNA.
Terra Luna cryptocurrency price One week ago: $82.5 Now: $0.03