US EditionFrom Collapse to Comeback: How Crypto Rebounded After Terra, FTX, and Regulatory Pressure
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From Collapse to Comeback: How Crypto Rebounded After Terra, FTX, and Regulatory Pressure
Cryptos journey from crisis to revival has been dramatic. The collapse of Terra in 2022, triggered by the failure of its algorithmic stablecoin UST and native token LUNA, erased over $40 billion in value. As redemptions spiraled, the system flooded the market with LUNA, crashing its price and confidence. This catastrophe sparked a chain reaction: the fall of crypto hedge fund Three Arrows Capital, the bankruptcies of Voyager, BlockFi, and Celsiu…
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