Binance CEO CZ On Lessons From LUNA Crash, BTC Drop
CZ Looks Back On LUNA Crash CZ tweeted this morning with Bitcoin ’s price movement history: advertisement A year ago today, UST/LUNA crashed. $40 billion in value gone. BTC went from 28k to 19k. A few lessons can be learned. While the LUNA crash happened a year ago, the lessons learned from it are still relevant today. In the wake of the crash, CZ pushed for transparency and user protection, stating that Binance would let the Terra project team compensate retail users first, with Binance being compensated last, if at all. This reflects the industry’s current efforts to increase liquidity and protect users from losses. Trending Stories LUNC Price Analysis Plots a 10% Rise this Week, But There’s a Catch 24/7 Cryptocurrency News Bitcoin Price Analysis : Multiple Resistances Put BTC Price Under 10% Downside Risk 24/7 Cryptocurrency News SUI Price Analysis : Bear Trap Plots a Quick 8% Jump in SUI Price;...