From the desk of Louis Sykes @haumicharts
The last few days have seen one of the largest unwinds and destruction of wealth in crypto history.
By historical standards, the collapse in the Terra ecosystem will go down as some of the most wide-reaching, systemic stress the asset class has endured.
We want to dedicate a good portion of this week’s crypto letter to why UST failed, how it impacted other assets, and our outlook following this event.