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Bitcoin Extends Losing Streak, New LUNAs Crash Like Old LUNAs, Stepn’s China Dilemma

News Snapshot:

Do not miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices: Bitcoin traded higher but was poised to notch a record ninth-straight weekly loss. Prices for Terra’s new LUNA tokens crashed nearly as soon as they launched. Insights: Stepn has drawn the ire of Chinese regulators. Technician’s take: BTC’s volatility could rise, especially if another price breakdown occurs. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover, our daily newsletter…

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