Summary: The digital asset of Terra (LUNA) has dropped by almost 10% in the last 24 hours This is despite the bullish news of the Luna Foundation Guard buying $1.5 billion worth of Bitcoin However, the drop is understandable given Bitcoin has lost its $38k amidst anxiety over the US...
Summary: Terra’s UST has depegged from the one dollar mark after massive selling of the stablecoin on Curve Finance and Binance The selling was to the tune of $285 million in UST and resulted in a $2.25 billion outflow of the stablecoin from the Anchor Protocol UST has since stabilized...
Summary: Justin Sun has reportedly purchased $1 million worth of UST on Curve Finance Tron’s founder had announced via Twitter that he was buying UST This is after the saga of the UST stablecoin depegging from the one dollar mark Terra’s Do Kwon had asked Justin Sun what his plans...
Quick take: The Luna Foundation Guard (LFG) has announced an elaborate plan to protect UST from depegging The plan involves loaning $750 million worth of Bitcoin to OTC trading firms the help protect the UST peg LFG will also loan 750 million to accumulate BTC as market conditions stabilize The...
The Luna Foundation Guard used $1.5 billion from its treasury to help project the $1 peg of UST. $750 million worth of bitcoin has been budgeted for OTC trading firms. Binance has suspended withdrawals of LUNA and UST until trading volume reduces. The Luna Foundation Guard, which acts as the...
Summary: UST’s depegging sage over the last 72 hours has caught the attention of US Treasury Secretary Yellen US Treasury Secretary Yellen has pointed out the risks of stablecoins such as UST and has called for their regulation by the end of 2022 Terra’s Do Kwon has Tweeted that he...
Summary: The Founder of Avalanche and CEO of Ava Labs is bullish on TerraUSD (UST) ‘once the dust settles down’ He explained that only active teams could defend algorithmic stablecoins against destabilizing bank runs Decentralized stablecoins are necessary as fiat-backed stablecoins are subject to legal seizures The markets will eliminate...
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...
Both BlackRock and Citadel Securities have denied the rumors that they were involved in the recent crash of LUNA and UST. Unsubstantiated rumors have been making the rounds on social media, saying that the two firms shorted LUNA, among other actions. The UST token continues to be significantly depegged from...
