Search results for TerraUSD
Crypto
STRC price drop spurs TerraUSD comparisons; Benchmark says approach is wrong
Strategy\'s preferred stock STRC has fallen below its $100 par value, prompting some social media comparisons to the TerraUSD-Luna collapse. Benchmark-StoneX analyst Mark Palmer said the comparison is fundamentally misguided because STRC is not a stablecoin and is not supported by algorithmic arbitrage or confidence in a token structure. He said STRC is indirectly based on Strategy\'s bitcoin holdings and its financing model, though weakness could slow fundraising.
Crypto
Strategy preferred share STRC draws Terra-Luna comparisons as debate grows
A debate is spreading in the crypto market over Strategy\'s bitcoin-collateralised preferred share STRC. Critics say its high-yield structure resembles the failed TerraUSD ecosystem, raising questions about investor risk. Others point to key differences, including that STRC is a corporate-issued preferred share backed by bitcoin holdings and not an algorithmic stablecoin. Analysts say dividends are not guaranteed and depend heavily on the company’s finances and bitcoin prices.
Crypto
Terraform Labs liquidator sues Jane Street, alleging insider front-running
Todd Snyder, the court-appointed liquidator of Terraform Labs, sued Jane Street, co-founder Robert Granieri and two employees in New York federal court. The Wall Street Journal reported the suit alleges they used material non-public information obtained from a Terraform insider to execute front-running trades, profit and accelerate Terraform’s collapse. The complaint says Jane Street set up a private channel via former Terraform intern Bryce Pratt and accessed confidential information.