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The collapse of the Terra ecosystem, and the tokens Luna and UST, will go down as one of the most painful and devastating chapters in crypto history.

The collapse of the Terra ecosystem, and the tokens Luna and UST, will go down as one of the most painful and devastating chapters in crypto history.

Photographer: Gabby Jones/Bloomberg

Summer is rapidly approaching, at least in the northern hemisphere, but the news cycle shows no signs of slowing down.

This week, we watched the details of Elon Musk’s Twitter deal play out in the public eye — unusual for a $44 billion deal, but perhaps not unusual for someone like Tesla’s CEO. As lockdowns slowly eased in Shanghai, with bated breath, New York City raised its Covid alert level to high.