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Inflation and consumer demand boosted retail spending by almost 1% in April; Investors withdrew over seven billion in USDT, renewing fears of Tether depegging from the dollar; and while Do Kwan submits another proposal to revive the Terra Network, he and Korea’s exchange officials are called into a parliamentary hearing to find out the cause of UST’s depegging, and LUNA’s crash.

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0:00 Intro
0:31 Inflation
1:36 Tether
2:45 Terra Luna

Links used:
https://www.cnbc.com/2022/05/17/retail-sales-april-2022-up-0point9percent-vs-1point0percent-estimate.html
https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel-fears-about-stablecoins-backing.html
https://www.cnbc.com/2021/02/23/tether-bitfinex-reach-settlement-with-new-york-attorney-general.html
https://twitter.com/paoloardoino/status/1526512388425515009
https://twitter.com/paoloardoino/status/1526514413364297730?ref_src=twsrc%255Etfw%257Ctwcamp%255Etweetembed%257Ctwterm%255E1526514413364297730%257Ctwgr%255E%257Ctwcon%255Es1_&ref_url=https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel-fears-about-stablecoins-backing.html
https://agora.terra.money/t/terra-ecosystem-revival-plan-2/18498
https://cointelegraph.com/news/do-kwon-summoned-to-parliamentary-hearing-following-ust-and-luna-crash

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