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Bitcoin Flirts With $30K During Asia Trading Day as Luna Foundation Guard Fights to Defend UST Peg

11.5.2022
High balances on exchanges due to LFG using bitcoin reserves to defend stablecoin peg, says Glassnode analyst

VeChain Foundation unveils $1.2B crypto treasury… but spent just $4M in Q1

11.5.2022
The supply chain tracking project has a comfortable cushion in its Foundation treasury, but expenditures were very low through the first quarter of 2022

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000, Is 55% Below Its Record High

10.5.2022
Bitcoin plunged below $30,000 for the first time in eleven months, as bears continued to run rampant in crypto markets. This move came as Luna Foundation Guard was said to be liquidating close to $1.5 billion worth of BTC. Ethereum also fell to multi-month lows, as prices hovered slightly above...

UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation

10.5.2022
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover....

HUMAN Protocol Foundation Awards Grant to VeritaTrust to Build on-Chain Rewards for Reviews

10.5.2022
PRESS RELEASE. Georgetown, Cayman Islands, May 10, 2022 – Today, HUMAN Protocol has announced that it has awarded a grant to VeritaTrust to power on-chain reviews. Following the announcement of HUMAN Protocol’s $10 Million funds dedicated to grants, this work with VeritaTrust...

Terra peg mechanism in doubt as UST crashes to 67 cents

10.5.2022
Terra USD (UST) and its backing coin LUNA have been in a veritable nosedive in price and market cap since major sell-offs began in the ecosystem

42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles

9.5.2022
The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply

As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93

9.5.2022
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.932008 per token. Additionally, the Luna Foundation Guard’s bitcoin wallet...

Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity

9.5.2022
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great...

Luna Foundation Loans Out BTC to Defend Bitcoin Peg, Faces Community Backlash

9.5.2022
The Luna Foundation Guard (LFG), the entity tasked with holding bitcoin (BTC) as part of the reserves backing the TerraUSD (UST) stablecoin, has loaned out USD 750m worth of BTC to a trading firm “to help protect the UST peg.” Confronted with what this really means, Terra (LUNA) founder Do Kwon...

From smart insurance to on-chain document verification: Here’s how NEAR aims to improve Kenya

9.5.2022
NEAR Foundation backs Kenya-based blockchain community Sankore to educate and train blockchain developers and analysts to support the growth of local projects

LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves

9.5.2022
LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST

Luna Foundation Guard Lens $1.5B in BTC and UST for Stablecoin Peg

9.5.2022
The move comes after UST briefly lost its peg to the U.S dollar over the weekend

Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

8.5.2022
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as...

Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY

7.5.2022
Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holding steady with a 19.4% annual percentage yield (APY) since the project...

Market Wrap: Cryptos and Stocks Fall, Luna Foundation Guard Accumulates Bitcoin

5.5.2022
Bitcoin (BTC) and stocks declined on Thursday. The market's risk-off tone has overwhelmed short-term price jumps, although The Luna Foundation Guard (LFG) continued to buy

Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTC

5.5.2022
According to a report published on Thursday, the Luna Foundation Guard (LFG) explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals. The LFG now holds 80,394 bitcoin in its reserves currently worth just under $3 billion using today’s...