Daily Crunch: Terraform Labs CEO unveils strategy to re-pinning sliding UST stablecoins.


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With the launch of GooglePalooza on Wednesday, May 11th, the company claims “Google I/O 2022” is much less fun. Our “GoogleCrunch team” has put together a lot of talk about Google’s hardware and software lineup, including the Pixel Watch, Pixel 6A (a trailer for Pixel 7) and a new tablet. All details are in the Big Tech section below. – Christine And summer solstice

TechCrunch Top 3

  • ‘Stable’ Coins: Jacqueline Here are all the details about the sharp decline in Terra USD, a “stablecoin” known as UST, and the founders’ plans to avoid the UST collapse. Then, Jacquie gathered the thoughts of crypto market participants on what the UST’s collapse would mean for the broader crypto market and other stablecoins.
  • Views for cryptocurrencies continue to grow.: It’s a joke; Coinbase’s Q1 earnings not only pushed its share price down, but also signaled that the number of monthly trading users is expected to continue to decline. What does this mean for encryption? Well, it might have to withstand the storm for a while. To make matters worse, Coinbase has announced that it should stop trading in India under pressure from the Central Bank of India.
  • Airbnb plans a hot house summer: like Jordan We report today as a very enjoyable couple, including a Q&A with Brian Chesky, who thinks “a new era of travel is about to begin”. The company is preparing the beach for the summer with a few new features, category searches. , you can book two listings at once, so you can stay longer than a week, and you have AirCover travel insurance.

Startups and VCs

Few things fascinate us as much as Tiger Global’s sheer scale. 17 billion dollars at loss. Connie Reports that most of its most recent VC funds have been exhausted. okay.

As tech journalists, we love rapid rises and occasionally rejoice in observing the unscheduled downturns of the startups we cover. Natasha And Alex In today’s Equity podcast episode, the founders remind us that they couldn’t see a pandemic coming, but they should have been better prepared for the world to return to whatever “normal” means. Or, as they say, layoffs happen to people, not companies.

All right. Continue. There are other items.

  • Are you working remotely or not working remotely? Rumor has it that Deel was valued at $12 billion thanks to the teleworking revolution.
  • Then I would say something like: when change begins harry Report Climate change company Carbon Clean was able to raise $150 million, led by renowned climate change activists. Chevron?
  • Propiedad y unicornios: Real estate tech startup Habi has announced that it has become the second unicorn in Colombia and the only Latin American unicorn to have a female founder and CEO. Mary Anne report.
  • you have to stumble: While startups like Lemonade have emerged to attack the weary world of insurance, the travel insurance market is getting the same treatment from companies like Safetywing and Battleface. mike Fay reports that she is engaged in a fight.
  • The Three Rs of Education: Reading, Reading, Reading: Educapital has raised $160 million in funding to focus on the future of edtech and the profession. romaine report.
  • I want to put my bike on, I want to put my bike on: Berlin-based GetHenry, which provides electric last-mile delivery bikes to courier and logistics companies, has raised a $17.4 million seed round to expand its business across Europe. Rebecca report.
  • A little less cargo and a little more sparks: Conventional commercial trucks are terrible for the environment. Xos, an EV company specializing in commercial trucks, unveiled two new cars this evening. harry report.

Finding Value in Startups: 5 Factors to Consider

Image Credits: Avie Jayas Photos (Opens in a new window) /Getty Images (image has been modified)

In her latest TC+ column, angel investor Marjorie Radlo-Zandi addresses the question every founder has in mind these days. What is my present worth?

For early-stage startups, finding these numbers requires more skill than science, as unprofitable companies are still gathering data and fine-tuning their products.

“Many traditional valuation methods, such as cash flow discounts, are not useful for evaluating early stage startups,” she writes. “This means that investors will have to measure other factors that cannot be easily measured.”

(TechCrunch+ is a membership program that helps founders and startup teams stay ahead. You can sign up here.)

Big Tech

  • All about Google I/O: Sorry while doing OH to grab I/O. Michigan fans, I’m sorry. I had to finish. Go to Google with hardware, software and wallet. Oh My God! The news so far includes adding languages ​​to translation, a multi-search feature that makes you think that the future of virtual credit card Google could be AR glasses., Some personalization features related to advertising.
  • all about EVs: Today we pick a few to share with you some shocking news about electric vehicles. Jacqueline Here are some predictions for Rivian’s Q1 earnings. A lot of things are currently ruining the company, but analysts expect to hear a few things about the supply chain, Ford relations, and the Georgia plant. Canoo is already warning that it may not have enough funds to market electric vehicles. The company also sued one of its largest shareholders in relation to the sale of its shares. Driving a Tesla, Jaclyn displays a few bullet points where Elon Musk commented on the automaker’s needs (which could stop orders to keep up with the car) and other things that please him.
  • iPod, how we will miss you: the beginning of the day theoryThe obituary of the Apple iPod is a kind of obituary for the Apple iPod, where some of us keep these reminders about the way we consumed our music in the early 2000s and sell it at the Apple Store without saying they’re removing the brand from the Apple Store. It has turned into a fodder on how to do it. – Slap – New version the next day. Ah, memories.

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