$40 Billion Dollar Terra Luna Crash Explained - The Market Fallout | The New Normal EP 47

In this New Normal Episode we go over the crash of LUNA explained with a full explanation of what happened and the market impact on crypto. 

Terra's native token $LUNA crashed to $0 and the Terra Stablecoin $UST depegged from $1 and is also heading to $0. 

Billions of dollars were lost due to this event. 

MacNCheeasy, and Jesse Friedland break down this crypto topic so anyone can understand in THIS WEEKS episode of The New Normal.

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Timestamps:

00:00 – Intro
02:56 – Wtf just happened with Terra LUNA?
07:40 – Do Kwon’s response
11:00 – LUNA’s BTC reserves
14:50 – Anchor Protocol and stablecoins
20:20 – Stablecoin regulations
25:37 – Global implications
30:45 – The fallout
33:18 – Will this be remembered forever?
35:20 – Closing thoughts