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Citadel Securities, BlackRock Claim They Had No Role in the UST Collapse
12.5.2022
Global market maker Citadel Securities and major asset manager BlackRock have denied involvement in the collapse of Terra's algorithmic stablecoin TerraUSD (UST).
The assertions came after a conspiracy theory that alleged Citadel Securities and BlackRock made a coordinated attack on UST...
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
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
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
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
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
Do Kwon's USD 1M Bet Doesn't Look Good as LUNA Crashes
11.5.2022
Do Kwon, co-founder and CEO of Terraform Labs, the entity behind Terra (LUNA), found himself in a peculiar position with his bet that LUNA would stay above USD 88 - as the coin dropped over 90% in a single day.
In mid-March, Do Kwon took a bet with pseudonymous Twitter user Sensei Algod,...
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...
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
UST Falls to $0.35, Terra Futures See $106M in Liquidations
11.5.2022
Some 58% of LUNA traders were betting on higher prices even as the tokens fell yesterday
UST and LUNA Keep Collapsing, No Word from Do Kwon on Promised 'Recovery Plan'
11.5.2022
Both terraUSD (UST) and terra (LUNA) still can't find their price bottom today.
UST, the algorithmic stablecoin built on the Terra blockchain, is continuing to collapse on Wednesday, after initially losing its US dollar peg on Monday. The price crash comes as Terra founder Do Kwon has gone...
Terra’s LUNA Drops to Under $8 After 90% Weekly Plunge
11.5.2022
Value locked on Anchor, Terra’s largest DeFi protocol, dropped some $11 billion in the past two days