Crypto Hits The Bailout Season

Number of the Week: 46 (explanation below)

Crypto Hits The Bailout Season

It’s staggering to think that a few short weeks ago, there was enough cash gushing around the crypto universe to blanket sports stadiums and build blockchain exchanges for the Coachella music festival.

Ever since the collapse of the Terra/LUNA stablecoin system in May, the crypto universe has been bleeding, to the point where several heavyweights find themselves in need of outside aid.