In an investor letter sent out in May, Arca revealed exposure to Terra’s native token LUNA and its stablecoin terraUSD (UST). The algorithmic stablecoin lost its peg to the dollar in a dramatic collapse, taking LUNA with it. Arca said Digital Assets held LUNA at the time of the letter, which still predicted a recovery for the Terra tokens.
Related posts
-
Defi Education Fund on Chevron Doctrine Overruled: ‘It Opens a New Chapter in the Battle for Clear Regulations’
The Defi Education Fund, an organization focused on defending... -
June sales drop 47% but there are more buyers and sellers
The non-fungible token (NFT) market experienced a remarkable drop in activity over the past month, with... -
Stablecoin Market Remains Steady in June Amidst Crypto Volatility
While June was a lackluster period for crypto assets...