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Bitcoin Jumps Above USD 30K, Ethereum Reclaims 2K as Tether Regains Peg, LUNA & UST Near Zero
13.5.2022
Bitcoin price remained well bid above USD 25,000 and started a recovery wave. It is currently (04:46 UTC) trading above the key USD 30,000 resistance zone, near USD 30,500, and is up 6% in a day, trimming its weekly losses to 17%.
USDT regained its peg after losing it yesterday. (Learn more:...
Luna's Collapse Shows DeFi's Dire Need for Technical, Regulatory Controls
12.5.2022
Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch
12.5.2022
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. Terra Blockchain Halts in Order to Prevent...
Biggest Movers: AXS Jumps Over 20%, as MATIC Falls to 13-Month Low
12.5.2022
Despite the majority of tokens trading in red on Thursday, AXS was up by over 20% in today’s session. While LUNA dropped below $0.01 earlier today, MATIC was another notable crypto to fall, dropping to its lowest point since last April. Axie Infinity (AXS) AXS was one of the biggest gainers...
Bitcoin could target $32K, says trader as LUNA crashes below one penny
12.5.2022
Bitcoin price action appears to be back with a bang as record-breaking long leverage builds on Bitfinex
Breaking: Terra blockchain officially halted following LUNA price collapse
12.5.2022
Validators decided to halt chain operations on Thursday in anticipation of governance attacks as the LUNA token plunged over 99%
LUNA Issuer Terra Halts Blockchain After Week of Losses
12.5.2022
The price of LUNA has fallen too low to prevent governance attacks, according to Terraform Labs
Binance will delist LUNA/USDT contracts as price falls below 0.005
12.5.2022
The major crypto exchange said on Thursday it would delist the trading pair if the price fell under 0.005 USDT, which has already happened
Investor Concerns About Galaxy Digital's LUNA Exposure Are Overblown, BTIG Says
12.5.2022
Galaxy Digital’s stock has plummeted more than 40% this week, but a BTIG analyst says LUNA-related concerns are unwarranted
Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims
12.5.2022
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra’s founder Do Kwon revealed...
Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse
12.5.2022
The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has denied making a bitcoin loan that resulted in the terra collapse. Blackrock...
Terra (LUNA) Cryptocurrency Collapses 98% Overnight!
12.5.2022
The Terra (LUNA) price has fallen 99% within a day. It was one of the top 10 cryptocurrencies, but now its rank has fallen to 121. The market cap has also dropped by more than 76%. The price fall washed away the hard-earned money of the investors. Twitter is overflowing with the news. Many...
Bitcoin, Ethereum, and Altcoins Try to Trim Losses, LUNA Tests New Lows
12.5.2022
Bitcoin price remained in a bearish zone below USD 30,000 support. BTC even broke the USD 27,500 support and spiked below USD 27,000. It is currently (11:47 UTC) correcting higher near USD 28,770 but is still down 9% in a day and 28% in a week.
Similarly, most major altcoins are down in double...
LUNA Dives Below USD 0.05, UST Trends Lower Despite New Rescue Plans
12.5.2022
The two most-discussed tokens this week - luna (LUNA) and terraUSD (UST) kept moving lower, despite the team behind these projects announcing "three more emergency actions" in an attempt to save the UST algorithmic stablecoin....
Read More: LUNA Dives Below USD 0.05, UST Trends Lower Despite...
Binance Futures delists coin-margined LUNA perpetual contracts
12.5.2022
Binance suspended withdrawals for LUNA and UST amid the UST stablecoin losing its peg to the U.S. dollar on Tuesday
Terra’s LUNA Has Dropped 99.7% in Under a Week. That’s Good for UST
12.5.2022
The price of LUNA tokens slid 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the value of UST
Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’
12.5.2022
The Terra Money Twitter account shared the finer points on Do Kwon's initial rescue plan: expanding the base pool, burning UST and staking LUNA
Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips under 99 cents
12.5.2022
USDT is the latest stablecoin causing nervousness as Tether insists that operations are continuing as normal
Bitcoin Below USD 29K, Ethereum Dives More, LUNA, Altcoins Crash
12.5.2022
Bitcoin price started another decline and traded below the key USD 30,000 support. BTC even broke the USD 28,500 support to move further into a bearish zone. It is currently (03:58 UTC) down 8% and is trading near USD 28,700. BTC is also down 28% in a week.
Similarly, most major altcoins...
The LUNA and UST Crash Explained in 5 Charts
12.5.2022
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday