Quick take: Terra (LUNA) opened the day at $80.5 and went on to hit a local peak of $99.55 The rise in value is attributed to the staking of LUNA that has surpassed that of Ethereum and Solana Terra is now the second-largest DeFi ecosystem after Ethereum in terms of...
Singapore-based Luna Foundation Guard continues to pursue its mandate to aid in growing the Terra blockchain ecosystem. The non-profit organization has now voted in favor of another massive LUNA token burn from its treasury. The Luna Foundation Guard (LFG) announced on Tuesday that the organization’s council has voted to burn...
Terraform CEO Do Kwon revealed plans to add $3 billion to UST’s Bitcoin reserve Luna Guard Foundation has already raised $2.2 billion to bolster UST’s BTC reserves. Terraform CEO Do Kwon took to Twitter to unveil plans of increasing UST’s Bitcoin reserves to $3 billion. Do Kwon, in a series...
Anchor Protocol DAO has passed a proposal that will implement a semi-dynamic Anchor Rate. UST could reach a market rate of 5–15% according to some analysts. The change comes at a time when UST and LUNA are seeing tremendous growth. The Anchor Protocol DAO has voted on a proposal that...
Terra buys another 2,943 BTC, worth about $139 million, for its UST reserve. Terraform Labs CEO said that the company is looking to become the second-largest holder of bitcoin after Satoshi. UST has experienced a lot of growth recently, with over a YTD market cap growth of 55%. The Luna...
Terra is now the third-largest BTC holder in the world with over 30,000 Bitcoins The massive bag serves as a reserve to support the protocol’s proprietary Stablecoin UST CEO Do Kwon has said that Terra plans to acquire $10 billion worth of Bitcoin. Terra, the blockchain network that powers the...
Summary: The total value locked on Terra (LUNA) has risen 17% in one week reaching $31 Billion Terra’s TVL has exceeded that of the Binance Smart Chain, Avalanche and Solana Anchor (ANC) on Terra dominates with $15.78 Billion locked The price of LUNA has entered a consolidation phase with $110...
Summary: The Luna Foundation has continued to stack Bitcoin purchasing an additional 4,130 BTC The recent purchase brings the total to 39,897.98 Bitcoin owned by the Luna Foundation This amount translates to roughly $1.7 billion, with $8.3 billion worth of Bitcoin left to purchase to hit the $10 billion target...
Terraform Labs has donated 10 million LUNA — worth roughly $880 million — to the Luna Foundation Guard (LFG). The Luna Foundation Guard has billions in its treasury and holds nearly 40,000 BTC. LUNA has been experiencing a price surge since the start of 2022. Terraform Labs has announced that...
Quick take: Terra’s founder, Do Kwon, believes that the more blockchains issue their own stablecoins, the more likely UST will win Do Kwon was commenting on the impact of Tron issuing its USDD stablecoin According to the Terra founder, algorithmic stablecoins are fast becoming the norm, and the future looks...
Summary: Fireblocks has seen its institutional clients rush to access DeFi on Terra (LUNA) Institutional investors have poured in $500 million in one week due to Fireblocks opening access to DeFi on Terra $250 million was deployed in the first 72 hours of Fireblocks opening access to DeFi on Terra...
