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TerraUSD and Luna, two stablecoins run by Terra, lose their pegs to the US Dollar and collapse, with the former being worth $0.10 and the latter nearly nothing. [50] 12 June Celsius Network, a crypto exchange, announces the halt of all withdrawals and transfers. [51] Bitcoin falls 15% the following day to nearly $22,500, while Ethereum falls to ...
GameStop shares lost 60 percent of their value on February 2, closing below $100 for the first time in a week. [65] [66] Reports estimated that about $27 billion in value had been erased. [66] [67] Other assets affected by the short squeeze and put under company trading restrictions, such as AMC and Blackberry shares, also declined in value.
Loan-to-value (LTV) is the ratio of loan amount to the actual value of asset purchased. The RBI regulates this ratio so as to control the amount a bank can lend to its customers. For example, an individual wants to buy a car using borrowed money and the car's value is ₹1 million. If the LTV is set to 70% he can borrow a maximum of ₹700,000.
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