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Arrington Capital Scrubs $100M Anchor Yield Fund From Website After UST Upheaval
11.5.2022
The noted crypto investment firm removed mention of the fund from its website, citing decreased demand
Terra contagion leads to 80%+ decline in DeFi protocols associated with UST
11.5.2022
Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized stablecoin options
'Failure Should Be an Option,' Senator Pat Toomey Says of UST Turmoil
11.5.2022
Sen. Pat Toomey, the Banking Committee’s top Republican, doesn’t want asset-backed stablecoins tarnished by the UST drama
Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard
11.5.2022
Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000
'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
11.5.2022
DAI briefly surpassed UST as the biggest DeFi stablecoin on Wednesday
Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collapse
11.5.2022
“UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk
Why did Terra LUNA and UST crash? | Find out on The Market Report
11.5.2022
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the Terra ecosystem meltdown
Biggest Movers: SOL, NEAR, and AVAX Drop More Than 20% Lower on Wednesday
11.5.2022
Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST. Solana (SOL) Solana was down by over...
UST Meltdown Hasn't Spurred US Financial Stability Council Meeting: Sources
11.5.2022
As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U.S. government officials. Despite the recent federal stance that stablecoins could pose a rising threat to the U.S. financial system, the Financial Stability Oversight...
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions
11.5.2022
Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed...
Crisis in Terra's UST Stablecoin Spreads to Neutrino USD on Waves Protocol
11.5.2022
Crypto Market Dives – and Rebounds – Following UST De-Peg, US Inflation Report
11.5.2022
Bitcoin (BTC), ethereum (ETH), and the broader crypto market experienced a sharp correction today after the terraUSD (UST) stablecoin collapsed, and an inflation report in the US revealed higher-than-expected price rises. However, prices later turned around, marking a strong recovery for...
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy
11.5.2022
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower...
UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say
11.5.2022
Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees
Avalanche drops 30% on fears Terra's LFG will dump AVAX next
11.5.2022
Luna Foundation Guard is emptying its crypto reserves to bring its stablecoin back to its $1-peg, risking a massive AVAX selloff
Terra founder Do Kwon shares plan to save the UST stablecoin peg
11.5.2022
Do Kwon, the humbled co-founder of Terraform Labs, has shared a rescue plan for the de-pegged stablecoin UST
Terra Founder Do Kwon Supports Community's UST Proposal; LUNA Drops to $2.2
11.5.2022
Kwon said Terra endorses a community proposal that seeks to bring UST back to its intended $1 peg
LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’
11.5.2022
Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the UST stablecoin losing parity with USD, prices have plunged, falling to a new low this morning. LUNA, UST Tumble Toward Zero As of writing, LUNA/USD is trading at $5.45, which...
Anchor Community Submits Proposal to Restore UST Peg
11.5.2022
Community members form Anchor have submitted proposals to save the UST peg
Terra ‘rescue plan’ still at large as LUNA falls below $5, Bitcoin spikes to '$138K' in UST
11.5.2022
All bets are off as volatility takes complete hold of Terra's tokens and a return to a U.S. dollar peg seems nowhere in sight