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Morgan Stanley Backtracks Positive NFT Prediction; Rings Alarm Bells Following Terra Collapse
"Hyped and leveraged areas of crypto, such as decentralized finance (DeFi) and crypto-backed stablecoins, are seeing mass liquidations, as it is becoming clearer that all the elevated prices were traded on speculation, with limited real user demand," Morgan Stanley analyst Sheena Shah noted.
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Do Kwon Takes Heat From CZ, Buterin, Markus For Terra's Failure And Revival Plan
"My recommendation is to stop trying to bring in new victims to fund the previous victims and leave the space forever," Markus told Kwon in a tweet.
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Crypto Market Gains Some Momentum Back As Top Tokens See A Surge
Meme cryptos Shiba Inu and Dogecoin rise too.
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Crypto Bigwigs Extend Help To Terra; Buterin Recommends 'Relief For The Average UST Smallholder'
Binance CEO CZ also committed he would help and noted that "regardless of my personal views, or the solution chosen in the end, we will always be here to support the community in any way we can."
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Kwon's Second Revival Plan Proposes Terra Hard Fork
Do Kwon clarified that the new blockchain will not be linked to the TerraUSD (UST) stablecoin, saying, "Terra is more than $UST."
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Music Streaming App Spotify Experiments With Musician NFT Galleries
Once the Spotify app is updated, users can access the test and view NFT galleries from select artists’ profiles.
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