The ensuing fallout from the Terra ecosystem collapse eventually caused Terraform Labs to shut down following a settlement with the SEC.
Altcoin news
Spacecoin XYZ has taken its first step in launching its extra-terrestrial decentralized physical infrastructure network.
According to data from DefiLlama, restaking protocol EigenLayer currently has approximately $15.4 billion in total value locked.
A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.
Ethereum layer-2 networks now lock over $13.5 billion in stablecoins, driving total market capitalization to $205 billion.
“The HAWK Token exhibits all the characteristics of an unregistered security under established legal precedent,” litigants claimed.
The current stablecoin market cap is approximately $204 billion, but the sector remains highly centralized.
Derivatives trading products saw rapid growth, suggesting that professional traders were actively seeking exposure to cryptocurrencies.
Memecoins were also tipped by the survey respondents as a top source of market growth next year, behind AI tokens.
Solana-based memecoin Fartcoin briefly exceeded a $1 billion market cap amid a downturn in the altcoin market.