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Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole, cites FDIC’s $250,000 as ‘precedent’

Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole, cites FDIC’s $250,000 as ‘precedent’

The Terra ecosystem completely unraveled last week, taking much of the cryptocurrency market down with it. Its algorithmic stablecoin TerraUSD (UST) crashed far below its $1 peg, and its sister token Luna collapsed to nearly zero. Though the overall market is now recovering, the demise of UST and Luna wiped out many cryptocurrency investors’ life savings. This left the Terra community, including its creator Do Kwon, proposing plans to somehow fix the damage done. One proposal on the Terra… Source link

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Gregor Gillespie assures UFC roster spot, explains recent inactivity

Gregor Gillespie assures UFC roster spot, explains recent inactivity

The self-proclaimed best fisherman in the UFC says he’s not going anywhere. On Sunday, a tweet from the algorithm-based Twitter account UFC Roster Watch alerted fans to the removal of lightweight Gregor Gillespie from the roster, causing a stir among fans who keep a close eye on the sport. A few hours later, Gillespie (14-1 MMA, 7-1 UFC) clarified and went into detail about his current situation with the UFC, ensuring everyone that his status as a UFC fighter has not changed and he is still… Source link

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Drew Brees is reportedly done at NBC

Drew Brees is reportedly done at NBC

Drew Brees is out at NBC. The former New Orleans Saints quarterback is done at the network after a single season working as a studio and game analyst for its NFL broadcasts, Andrew Marchand of the New York Post reports. Per the report, the decision was mutual. Brees preferred calling games over studio work while NBC “soured” on Brees as a color commentator after holding out hope that he could develop as the heir apparent to Cris Collinsworth on “Sunday Night Football” broadcasts, according to… Source link

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Karl-Anthony Towns has treatment on ailing knees

Karl-Anthony Towns has treatment on ailing knees

After an image of Karl-Anthony Towns wearing a knee brace surfaced over the weekend, ESPN’s Ramona Shelburne reported on Sunday that he underwent treatment in both knees and other parts of his body. Per the report, the Minnesota Timberwolves center received stem cell and platelet-rich plasma injections in both knees, his left wrist, left ankle and right finger on Friday. He dealt with pain in both knees, a cyst in his left ankle, a partial dislocation and ligament damage of his wrist and an… Source link

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What to know this week

What to know this week

The retail sector will be in focus this week after a string of wild trading sessions on Wall Street. Quarterly financials from megastore Walmart (WMT) and other consumer giants are in the queue, in addition to April’s retail sales report scheduled for release Tuesday. Investors will tune in for additional remarks from Federal Reserve officials, including Chair Jerome Powell in the week ahead, as inflation continues to run hot across the U.S. economy. Friday capped the sixth straight down… Source link

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Yahoo DFS Basketball: Sunday Picks

Yahoo DFS Basketball: Sunday Picks

This article is part of our Yahoo DFS Basketball series. Only two games on Sunday, but both are Game 7s. These are some of the best slates to play because the rotations are more predictable than ever. The studs get all the run and all the usage they can handle, and it will force you into a stars-and-scrubs build. Our recommendations will play out that way, so let’s get started with one of the playoffs’ most exciting players…  Guards Luka Doncic, DAL at PHX ($56) You can’t fade Luka… Source link

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Jan Blachowicz gets the fire back in critical win vs. Rakic

Jan Blachowicz gets the fire back in critical win vs. Rakic

LAS VEGAS — Jan Blachowicz knew he needed to change things in his approach after he lost the UFC’s light heavyweight title to Glover Teixeira last year. The joy was gone from the game for Blachowicz and he knew that at 39 years old, he’d have to find it quickly. Blachowicz on Saturday looked like the guy who had won five in a row and nine of 10 before losing his title at UFC 267 to Teixeira on Oct. 30. He stopped Aleksandar Rakic in the third, but it’s a win that will live with an… Source link

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Evan Holyfield shocked by electrician Jurmain McDonald

Evan Holyfield shocked by electrician Jurmain McDonald

Evander Holyfield’s son Evan just suffered the first loss of his young boxing career, and it wasn’t pretty. The younger Holyfield entered Saturday’s Trillerverz 5 event with a 9-0 record. To say he was the favorite against Jurmain McDonald was an understatement; some books had Holyfield as a -10000 favorite. Here’s how that ended up working out. Holyfield was complimentary of McDonald’s punch after the fight. To get a sense of what just happened here, consider that McDonald entered the boxing… Source link

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Nets assistant Amar’e Stoudemire quits, criticizes Kyrie Irving

Nets assistant Amar’e Stoudemire quits, criticizes Kyrie Irving

We have plenty of ways to show the Brooklyn Nets‘ season did not go according to plan this year — chief among them they are currently sitting at home despite employing Kevin Durant — but an assistant coach using ESPN to announce he is quitting then calling out Kyrie Irving is quite illustrative. Former NBA All-Star Amar’e Stoudemire spent the last two seasons as an assistant on former teammate Steve Nash’s coaching staff. During a series of appearances on ESPN on Thursday, he revealed he… Source link

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New Goldman Sachs policy gives bosses unlimited days off

New Goldman Sachs policy gives bosses unlimited days off

(Reuters) – Goldman Sachs Group Inc will allow its partners and managing directors to take as much time off as they want under a new “flexible vacation” scheme to promote “rest and recharge,” The Telegraph reported on Saturday, citing an internal memo. The Wall Street bank memo said that, as of May 1, there will be no cap on paid leave and senior staff can “take time off when needed without a fixed vacation day entitlement,” the newspaper added. All employees are expected to take at least 15… Source link

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