THE HASH: Crypto Markets Pressure Continues as Terra Proposes a Fix for UST Slide

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 12 May 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Thursday, May 12, 2022. "The Hash" panel tackles the collapse of UST stablecoin and luna token as it continues its ripple effects on the crypto markets. However, Terra says it has a plan to fix things. Nevertheless, the global crypto regulators are coming. Cathie Wood's Ark Invest doubles down on buying up more sliding Coinbase stock. - Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today. This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:40.8	Start your free 30-day trial at audible.com slash Wondery UK.
0:45.7	That's audible.com slash Wondery UK.
0:58.2	This is the hash podcast.
1:06.1	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world.
1:08.4	All on the hash for your ears.
1:12.6	You're listening to the Coin Desk Podcast Network. Hello, welcome to the show. It is Thursday, May 12th in the longest week in crypto history.
1:20.6	We are here as the hash. We are here to get shipped to speed on all the crazy stuff that continues to go down in the crypto markets and beyond.
1:26.6	I'm Zach Seward. That's George Calutus. We got Jensen Assey and Will Foxley.
1:30.2	He's going to give us our update on all them red candles. Will. Take it away, sir.
1:34.7	This is your coin watch segment. So we've been talking about Terraluna all week.
1:38.5	But we're talking about another stable coin, tether. It's also having depegging problems. Winislow's 94 cents last night.
1:45.5	It's regained that peg, almost the spot.
1:48.1	It's down a few bips from a dollar.
	...

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