In an interview with Laura Shin, founder of Terra Luna Crypto, Do Kwon revealed reasons why he is not disclosing his real location in the media. Do Kwon further shared opinions on his arrogant alter ego persona on Twitter. Kwon later shared how he got carried away while posting things...
Binance announces a burn mechanism to burn all trading fees on the Terra Classic spot and margin trading pairs. The first batch will be calculated from September 21 to October 1. Changpeng Zhao said that the exchange wants to be fair to all users. Binance has announced the details of...
The price of the LUNA token has dropped below $5, while the UST stablecoin has undergone a massive depegging from $1. The depegging has caught the attention of Janet Yellen, who called for stablecoin regulation by the end of the year. The crypto market in general could be in for...
The “big four” in Korea warn investors of LUNA’s fluctuating price Bithumb and Coinone suspended deposits for now The update follows a massive crash in the market price of LUNA Terra’s UST stablecoin remains depegged after a previous recovery Upbit, the biggest cryptocurrency exchange in South Korea, tagged Terra’s governance...
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...
Summary: CZ has clarified via Twitter that Binance did not invest $300 million in Terra (LUNA) He was responding to a comment by Larry Cermak that Binance led Terra’s seed round in 2019 and 2021 Larry Cermak also implied that Binance had invested the said $300m, and it explained why...
Summary: The team at Arcane Research has suggested that early LUNA supply was controlled by a few holders and TerraForm labs, who have made tremendous profits selling the digital asset between 2020 and May 5th, 2022. In addition, TerraUSD (UST), worked as the perfect exit liquidity similar to a prolonged...
Summary: Do Kwon told the Wall Street Journal that he lost nearly all his net worth in the LUNA, UST collapse. He added that the losses do not bother him since he lives a very frugal life. He also explained that he was devastated by the recent events surrounding LUNA...
South Korean prosecutors have said that Terraform Labs co-founder Do Kwon had made a stop at Dubai before departing to an unknown location. Previous reports of Kwon’s passport being invalid have been denied, though it could become invalid soon. Kwon has shown little concern for this, as he says that...
Summary: The downward spiral by Terra (LUNA) and TerraUSD (UST) has resulted in VanEck and 21Shares suspending the trading of two Terra-based exchange-traded products The two affected products are 21Shares’ Terra ETP (ticker LUNA: SW) and VanEck’s Terra ETN (ticker VLNA: GR) Both companies have stated that they are monitoring the...
