Altcoins

Jack Dorsey misspelled the blockchain's name in a tweet as he set out his vision for what the next iteration of the internet should look like.

After damning allegations resurfaced, the embattled entrepreneur wrote on Twitter: "I lost most of what I had in the crash too."

Inevitably, parallels are now being drawn with the sudden and dramatic collapse of Terra — with LUNA and UST racking up double-digit losses in a matter of hours as they began a death spiral.

Also today, find out which surprising celebrity is becoming the latest to jump into the NFT space.

Consumers in South Korea were especially affected by Luna's demise, and estimates suggest about 280,000 people had invested in the cryptocurrency.

Tim Sweeney, who heads up Epic Games, said his firm's lawyers are working to take action against Twitter accounts that promote Fortnite Tokens.

Speaking to CoinMarketCap's The Capital conference in the metaverse, the Jan3 CEO said such a development would be "entertainment."

"You can easily pick another coin that might go up higher than Bitcoin. But as we're seeing in a bear market, they dip harder than Bitcoin."

Held also pointed to the fact that the recent bull run wasn't as dramatic as earlier cycles — with Bitcoin failing to deliver a big blow off top.

Got some AVAX in your wallet? Why not stake those tokens to earn passive income? Here is a guide to the best platforms to stake Avalanche (AVAX) for maximum returns!

Also today, a stolen Bored Ape NFT could create some rather unpleasant legal headaches for a well-known actor.

Also today, Ukraine gets creative as it tries to encourage crypto investors to carry on donating.

The proposal's approval means that the new network is scheduled to launch on Friday, with a fresh round of LUNA tokens airdropped to existing investors.

Following the recent events, IntoTheBlock analyzes the market behavior during the time of crisis using trading volume data of the market-leading DEX for stablecoins on-chain trading.

Also today, crypto dominates discussion at the World Economic Forum in Davos.

Over the weekend, the convicted felon revealed that he had started using Uniswap in prison — describing the decentralized exchange as "really cool."

Chancers — who lost $2.4 million when LUNA and UST collapsed — told the BBC he found out where Kwon lived online, and then decided to travel to his home to confront him.

CoinMarketCap Academy takes a look at the rise, and fall, of algorithmic stablecoins — and what the future holds for this stablecoin model.