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In your nightly crypto news wrap up, we bring you the top crypto stories. The internet enters conspiracy mode as LUNA goes into freefall below a dollar. Terra claims that they aren’t going anywhere, but can they actually survive this? Next, April’s CPI puts up a 40-year all-time high. What can we expect in May? Finally, the SEC’s chair, dirty Gary Gensler, accuses crypto exchanges of trading against their users.
What We Discuss:
0:00 Intro
0:22 Janet Yellen on LUNA
0:48 LUNA Price Plummets
2:06 Frankie Candles Market Watch
3:27 April's CPI
4:26 Gary Gensler
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SOURCES:
https://cryptoslate.com/rumors-run-riot-as-ust-collapses-amid-yellen-report-on-stablecoins/
https://www.bls.gov/news.release/cpi.nr0.htm
https://www.cnbc.com/2022/05/11/cpi-april-2022.html
https://www.cnn.com/2022/05/10/politics/house-vote-ukraine-aid-bill/index.html
https://fortune.com/2022/05/11/sec-chair-gensler-slams-crypto-exchanges-trading-against-customers-stablecoins/
SEC chief accuses crypto exchanges of trading against clients
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