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📉 Crash of TerraUSD Shakes Crypto
Plus: Has the Milky Way's Black Hole Come to Light?, Elon Musk says Twitter deal 'on hold', and more…
Crash of TerraUSD Shakes Crypto. 'There Was a Run on the Bank.'. The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin. Since it launched in 2020, it had mostly done that, rarely straying more than a fraction of a penny from its intended price. That made it an island of stability, a place… (Alexander Osipovich / Wall Street Journal)
Has the Milky Way's Black Hole Come to Light?. What's going on with our galaxy? Astronomers have long suspected that 26,000 light-years away in the constellation Sagittarius, lurking behind the clouds of dust and gas that shroud the center of the Milky Way, there is a massive black hole. Into… (Dennis Overbye / The New York Times)
Elon Musk says Twitter deal 'on hold' after spam/fake account report. Elon Musk says his deal to buy Twitter is “temporarily on hold” after the social network reported that false or spam accounts comprised less than 5 percent of its 226 million monetizable daily active users. The Tesla CEO, who offered… (Jon Porter / The Verge)
The Indian economy is being rewired. The opportunity is immense. OVER THE past three years India has endured more than its share of bad news and suffering. The pandemic has killed between 2.2m and 9.7m people. Lockdowns caused the economy to shrink temporarily by a quarter and triggered the largest internal… (The Economist)
Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake. Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, according to a Thursday filing with the Securities and Exchange Commission. Shares of the investing app operator… (Tanaya Macheel / CNBC)
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