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‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs

Sunny Aggarwal has vivid memories of some of the worst days of his life earlier this year. The blockchain co-founder and his Osmosis protocol were hit hard by the Terra–LUNA collapse and are still recovering from its fallout today.

“The Terra crash hit us incredibly hard because we were one of the biggest DEXs for providing liquidity to TerraUSD and Luna Classic,” he explains, “At one point, it made up over 50% of our liquidity.” 

“I always tell people that the Terra Luna protocol was created by someone with either an IQ of 50 or 150. And frankly, I can’t tell which one.”

Aggarwal is a co-founder and leads the development of the $225-million Osmosis DEX, which, at one point, eclipsed $2 billion in TVL before the coming of the crypto winter.

The rise of cross-chain bridges 

Osmosis is a decentralized exchange (DEX) operating on Cosmos, the creator of the interblockchain communications protocol (IBC).


Altcoins

‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs

Bitcoin

‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs

Blockchain

‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs

Ethereum

‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs

Sunny Aggarwal has vivid memories of some of the worst days of his life earlier this year. The blockchain co-founder and his Osmosis protocol were hit hard by the Terra–LUNA collapse and are still recovering from its fallout today.

“The Terra crash hit us incredibly hard because we were one of the biggest DEXs for providing liquidity to TerraUSD and Luna Classic,” he explains, “At one point, it made up over 50% of our liquidity.” 

“I always tell people that the Terra Luna protocol was created by someone with either an IQ of 50 or 150. And frankly, I can’t tell which one.”

Aggarwal is a co-founder and leads the development of the $225-million Osmosis DEX, which, at one point, eclipsed $2 billion in TVL before the coming of the crypto winter.

The rise of cross-chain bridges 

Osmosis is a decentralized exchange (DEX) operating on Cosmos, the creator of the interblockchain communications protocol (IBC).


Weekly Overview

‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs

Ethereum

‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs

Sunny Aggarwal has vivid memories of some of the worst days of his life earlier this year. The blockchain co-founder and his Osmosis protocol were hit hard by the Terra–LUNA collapse and are still recovering from its fallout today.

“The Terra crash hit us incredibly hard because we were one of the biggest DEXs for providing liquidity to TerraUSD and Luna Classic,” he explains, “At one point, it made up over 50% of our liquidity.” 

“I always tell people that the Terra Luna protocol was created by someone with either an IQ of 50 or 150. And frankly, I can’t tell which one.”

Aggarwal is a co-founder and leads the development of the $225-million Osmosis DEX, which, at one point, eclipsed $2 billion in TVL before the coming of the crypto winter.

The rise of cross-chain bridges 

Osmosis is a decentralized exchange (DEX) operating on Cosmos, the creator of the interblockchain communications protocol (IBC).


Weekly Overview

‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs

Sunny Aggarwal has vivid memories of some of the worst days of his life earlier this year. The blockchain co-founder and his Osmosis protocol were hit hard by the Terra–LUNA collapse and are still recovering from its fallout today.

“The Terra crash hit us incredibly hard because we were one of the biggest DEXs for providing liquidity to TerraUSD and Luna Classic,” he explains, “At one point, it made up over 50% of our liquidity.” 

“I always tell people that the Terra Luna protocol was created by someone with either an IQ of 50 or 150. And frankly, I can’t tell which one.”

Aggarwal is a co-founder and leads the development of the $225-million Osmosis DEX, which, at one point, eclipsed $2 billion in TVL before the coming of the crypto winter.

The rise of cross-chain bridges 

Osmosis is a decentralized exchange (DEX) operating on Cosmos, the creator of the interblockchain communications protocol (IBC).


Altcoins

‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs

Regulations

Mastercard taps Paxos to launch crypto trading for banks

Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services.

Bitcoin

Mastercard taps Paxos to launch crypto trading for banks

Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services.

Regulations

Bitcoin in space is good for user privacy, says Adam Back

In an exclusive interview with Adam Back at Bitcoin Amsterdam, the co-founder of Blockstream shared his vision for the Bitcoin space.

Bitcoin

What new EU sanctions mean for crypto exchanges and their Russian client

Despite many popular exchanges curtailing their operations within Russia, many platforms continue to service the region as usual.

Regulations

Germany leaves the US behind in top crypto economies in Q3: Report

The United States, which was the joint top-ranked crypto economy last quarter along with Germany, fell to seventh place in the rankings.

Regulations

BNB Chain responds with next steps for cross-chain security after network exploit

The BNB Chain team released its official statement on Oct. 7 regarding the hack and stolen funds, and a second statement on Oct. 11 on network decentralization.

Blockchain

3 signs suggesting the XRP price boom can continue in Q4 2022

XRP XRP has made considerable gains over the past month as traders continue to shower confidence on Ripple's legal win against the U.S. Securities and Exchange Commission (SEC).

For instance, XRP price has gained 25% thirty days after Ripple and the SEC filed for an immediate ruling on whether or not XRP sales violated U.S. securities laws. In comparison, Bitcoin BTC and Ether ETH are down 4% and 11% over the same period, respectively.

XRP/USD versus BTC/USD and ETH/USD daily price chart. Source: TradingView

Now, a flurry of indicators, ranging from on-chain to technical, hints XRP can continue its uptrend going into 2023.

XRP price "bull pennant"

Bull pennants are bullish continuation patterns that form as the price consolidates in a triangle-like range after a strong upside move. In other words, they resolve after the price breaks out in the direction of its previous uptrend. 

On the daily chart, XRP has been trending inside a similar technical structure since late September, as shown below. While at it, the token has also attempted to break above the pennant twice, albeit to no success. It now eyes another breakout in the coming days.

image
Altcoins

3 signs suggesting the XRP price boom can continue in Q4 2022

XRP (XRP) has made considerable gains over the past month as traders continue to shower confidence on Ripple’s legal win against the United States Securities and Exchange Commission (SEC).

For instance, the XRP price gained 25% thirty days after Ripple and the SEC filed for an immediate ruling on whether or not XRP sales violated U.S. securities laws. In comparison, Bitcoin (BTC) and Ether (ETH) are down 4% and 11% over the same period, respectively.

XRP/USD versus BTC/USD and ETH/USD daily price chart. Source: TradingView

Now, a flurry of indicators, ranging from on-chain to technical, hints XRP can continue its uptrend going into 2023.

XRP price “bull pennant”

Bull pennants are bullish continuation patterns that form as the price consolidates in a triangle-like range after a strong upside move. In other words, they resolve after the price breaks out in the direction of its previous uptrend. 

On the daily chart, XRP has been trending inside a similar technical structure since late September, as shown below. While at it, the token has also attempted to break above the pennant twice, albeit to no success. It now eyes another breakout in the coming days.

image
Market Analysis

'Get ready' for BTC volatility — 5 things to know in Bitcoin this week

Up or down, it is high time that Bitcoin made a significant move, market participants agree.

Bitcoin

‘Get ready’ for BTC volatility — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week keeping everyone guessing as a tiny trading range stays in play.

A non-volatile weekend continues a familiar status quo for BTC/USD, which remains just above $19,000.

Despite calls for a rally and a run to lower macro lows next, the pair has yet to make a decision on a trajectory — or even signal that a breakout or breakdown is imminent.

After a brief spell of excitement seen on the back of last week’s United States economic data, Bitcoin is thus back at square one — literally, as price action is now exactly where it was at the same time last week.

As the market wonders what it might take to crack the range, Cointelegraph takes a look at potential catalysts in store this week.

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Market Analysis

Binance CoinMarketCap Index Series kicks off by tracking top 10 crypto

Starting in November 2022, Binance’s Top 10 Equal-Weighted Index will be available to investors through Auto-Invest, to track the performance of the top 10 cryptocurrencies.

Ethereum

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