Are stablecoins even stable anymore?
That’s the question many crypto investors are asking right now.
Stablecoins have been in the news this week due to the blow-up in the UST coin.
The LUNA crypto plunged from over $100 to less than a penny.
That’s a 99.99999999999% crash!
In today’s video, I explain what’s going on with stablecoins right now.
(If you’d prefer to read a transcript, click here.)
Editor, Strategic Fortunes
From open till noon Eastern time.
Veru Inc. (Nasdaq: VERU) is a biopharmaceutical company that primarily focuses on developing medicines for the management of cancers. The stock jumped 41% after analysts at Jeffries raised their price target on the stock citing a favorable response from the FDA regrading Veru’s COVID-19 therapy.
Inotiv Inc. (Nasdaq: NOTV) provides drug discovery and development services to the pharmaceutical, chemical and medical device industries. The stock rose 40% after the company reported second-quarter results and raised its full-year outlook thanks to its recent acquisitions.
Duolingo Inc. (Nasdaq: DUOL) develops and operates a language-learning website and mobile app with courses on over 40 different languages. It is up 36% after reporting strong first-quarter results and raising its guidance thanks to record bookings and accelerating user growth.
Filo Mining Corp. (OTC: FLMMF) engages in the acquisition, exploration and development of mineral properties in South America. The stock climbed up 34% after it revealed that it is expanding its exploration and mining operations thanks to recent funding from the BHP Group.
Payoneer Global Inc. (Nasdaq: PAYO) operates a payments technology and commerce-enabling platform that facilitates marketplaces and serves online-merchants. The stock is up 33% after it delivered results on a great first-quarter that was driven by strong customer acquisitions.
Indie Semiconductor Inc. (Nasdaq: INDI) provides automotive semiconductors and software solutions for advanced driver assistance systems. The stock rose 32% after several analysts upgraded the stock and raised its price target following its first-quarter report.
Expensify Inc. (Nasdaq: EXFY) provides a cloud-based expense management software platform for individuals, small businesses and corporations. It is up 31% after the company exceeded expectations for the first quarter and announced a share repurchase program.
Amyris Inc. (Nasdaq: AMRS) is a synthetic biotechnology company that operates in the clean health, beauty, flavors and fragrance markets. The stock is up 31% on a rebound following a sharp sell-off earlier in the week when it reported results for the first quarter.
Viridian Therapeutics Inc. (Nasdaq: VRDN) is a biotechnology company that develops treatments for patients suffering from various serious diseases. The stock rose 27% after the company reported first-quarter results and shared positive updates from its ongoing drug trials.
Affirm Holdings Inc. (Nasdaq: AFRM) operates a platform for digital and mobile-first commerce. It is up 27% after it reported better-than-expected third-quarter results that finally started to show the benefits of the deals it struck with Amazon and Shopify last year.