The cryptocurrency market isn't pretty right now. Red is everywhere: bitcoin and ether are at their lowest points since 2020, and altcoins like dogecoin and cardano are faring even worse. While it's painful for crypto investors, this dip is far from unprecedented. Cryptocurrencies are infamous for their volatility, and tempestuous economic conditions are bringing down not just crypto, but the stock market too. What is unprecedented, however, is the collapse of the luna cryptocurrency and tis associated TerraUSD (UST) stablecoin. You may not have heard of UST before, or know what a stablecoin is, but it's a big deal. ... (full story)