In a bold move, Governor Ron DeSantis announced his 2024 presidential bid on Twitter Spaces, but technical glitches marred the event. The presence of tech mogul Elon Musk couldn’t salvage the situation, with audio issues and server crashes drawing widespread criticism. Even Don Trump Jr. chimed in, dubbing it a “#DeSaster.”
Meanwhile, Do Kwon and Terraform Labs are facing serious legal trouble in the U.S., accused of fraudulent activities that led to the billion-dollar crash of LUNA and Terra USD (UST) in May 2022. Terra USD was touted as an algorithmic stablecoin pegged to $1 per coin but saw its total value skyrocket to $18 billion before plummeting rapidly.
These developments have left many questioning the stability of emerging digital currencies and the credibility of high-profile political figures eyeing future leadership roles. Stay tuned for more updates on these evolving stories as they continue to unfold.