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Market Wrap: Cryptos Extend Losses as LUNA Plunges
11.5.2022
Bitcoin (BTC) and other cryptos declined on Wednesday amid stress in stablecoins. LUNA plunged by 96% and Solana's SOL token saw a 30% dip. Option traders are seeking downside protection
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
ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?
11.5.2022
A botched minting process and the collapse of Otherdeed’s price have taken a toll on ApeCoin, leading investors to question APE’s future utility and value
Price analysis 5/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
11.5.2022
The implosion of the Terra ecosystem appears to be manifesting contagion that is negatively impacting Bitcoin and altcoins
Bitcoin Struggles Near $27K-$30K Support Zone
11.5.2022
Bitcoin (BTC) is deeply oversold on the daily chart, but upside appears limited as long-term momentum deteriorates. Initial support is between $27K-$30K
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...
Crisis in Terra's UST Stablecoin Spreads to Neutrino USD on Waves Protocol
11.5.2022
Industry experts weigh in on SEC hiring more crypto cops
11.5.2022
The SEC's decision to expand its digital assets section was well received by industry experts and came as no surprise, given the growing interest in cryptocurrencies
Headline Inflation Slowed to 8.3% in April, But Core Inflation Keeps Rising
11.5.2022
The consumer price index (CPI), reported by the Labor Department, was at 8.3% in April, down from 8.5% in March
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
Stepn’s ‘Move-to-Earn’ Model Has Crypto Analysts Seeing Value in Long Run
11.5.2022
This blockchain-based application's users must purchase a "virtual sneaker" NFT to earn crypto rewards. Consumer advisory: They start at around $800
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
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
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
Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Langauge Is SEC Requirement, CEO Armstrong Says
11.5.2022
The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings
First Mover Asia: Crypto Market Decline Underlines Its Unpredictability; Bitcoin Holds at $31K
11.5.2022
Most signs have pointed downward, but predicting price trends in the days and weeks ahead is difficult; cryptos have a mixed day
UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg
11.5.2022
Luna Foundation Guard’s billions of dollars in bitcoin without an actual infrastructure ready to deploy left Terra’s stablecoin UST vulnerable to a ‘Soros-style attack’, an analyst said
UST Resumes Spiral After Quiet Day Orbiting 90 Cents
11.5.2022
TerraUSD fell below $0.90 late Tuesday after 12 hours of relatively stable price action