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Azuki Sales Skyrocket as Floor Price Drops by Nearly 45%


  Sales of the popular Azuki non-fungible token (NFT) collection have skyrocketed over the past 24 hours after a blog post by the project's pseudonymous founder sent the collection’s starting price (floor price) down by 44.8%. In the blog post, titled "A Builder's Journey," pseudonymous Azuki...

Conspiracy Theories Abound as Terra Tries to Save UST


  TerraUSD (UST), an algorithmic stablecoin hosted by the Terra network and created by South Korea's Terraform Labs, has once again lost its dollar peg after a wave of sell-offs hit the crypto market. The stablecoin, which is supposed to maintain a value of USD 1 by creating and destroying supply...

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


  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...

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