A statement from one of the victims filed with the police appeared on the Internet. It states that UST and LUNA are a financial pyramid, and investor losses are estimated at $32 billion.
Against the backdrop of Bitcoin falling to $25,000, the price of the stablecoin USDT tested the level of $0.94.
While LUNA has more than doubled in price, and the stablecoin of the UST ecosystem is trying to restore its peg to the dollar, the Binance exchange is suspending the withdrawal of both assets.
On the evening of May 5, quotes of the first cryptocurrency dropped to levels near $35,500. At the time of writing, the price had adjusted to levels around $36,500
The Governor of California signed a decree creating a regulatory framework for cryptocurrency companies, as well as introducing blockchain and digital assets into the work of government departments.
Refugees who apply for the Binance Refugee Card will be able to receive 75 BUSD per month for three months, as well as up to 8% cashback in BNB.
On May 20–27, an online hackathon will be held dedicated to the development of art objects in the promising metaverse The Sandbox, which is included in the TOP 100 most influential companies in the world.
Former CEO of the BitMEX exchange Arthur Hayes believes that the cryptocurrency market is headed for a fall. He said that by the end of this year the price of Bitcoin will drop to $30,000 and Ethereum to $2,500.
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