Tue. 05/10 – UST Stablecoin Not So Stable
- Author
- Morning Brew
- Published
- Tue 10 May 2022
- Episode Link
- None
A major algorithmic stablecoin has lost its peg to the dollar. More concerns of a slowdown as Tiger Global has racked up massive paper losses. Match Group sues Google. Has GDPR crushed the European app economy? Amazon engages mom and pop stores to deliver packages. And an interesting raise that is building the GitHub of machine learning.
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Links:
UST Stablecoin Loses Dollar Peg for Second Time in 48 Hours, LUNA Market Cap Falls Below UST's (CoinDesk)
Crypto’s Audacious Algorithmic Stablecoin Experiment Crumbles (Bloomberg)
Tiger Global hit by $17bn losses in tech rout (FT)
Europe's GDPR coincides with dramatic drop in Android apps (The Register)
Match Sues Google Over App Store Billing Rules (Bloomberg)
Amazon’s surprising new delivery partners: Rural mom-and-pop shops (Recode)
Hugging Face reaches $2 billion valuation to build the GitHub of machine learning (TechCrunch)
Watch iconic Broadway theatre rise 30 feet above the ground (Borat voice: MY WIFE!)
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