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First Mover Asia: Bitcoin Extends Losing Streak, New LUNAs Crash Like Old LUNAs, Stepn's China Dilemma

Bitcoin was headed for a ninth-straight weekly loss, a record. Terra delivered its new LUNA "revival" tokens, which crashed. Stepn has plenty of company among firms making changes to accommodate Chinese data-protection laws.

Updated May 11, 2023, 5:30 p.m. Published May 29, 2022, 11:53 p.m.
Terra's new LUNA tokens crashed almost as soon as they launched. (NASA)
Terra's new LUNA tokens crashed almost as soon as they launched. (NASA)