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Breaking: Do Kwon proposes Terra revival, including token redistribution plan
13.5.2022
After two days of silence, the Terra founder has issued a new governance proposal to keep the community alive and compensate token holders
Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg
13.5.2022
On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was more than $200 billion total value locked (TVL) eight days ago on May 5. One specific defi protocol called Lido, a liquid staking platform and the second largest defi...
Bitcoin macro bottom 'not in yet' warns analyst as BTC price holds $30K
13.5.2022
The worst is yet to come for Bitcoin price performance, multiple sources warn, despite the turmoil at Terra slowly passing
‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps
13.5.2022
Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Surge Over 10% as Big 2 Lead Crypto Rebound
13.5.2022
As LUNA’s life support was all but switched off on Friday, BTC and ETH rallied, with prices climbing by as much as 10%. Today’s price surge saw bitcoin climb above $30,000, with ETH once again trading above its $2,000 level. Bitcoin Bitcoin rebounded and was trading higher...
Crypto Pokémon Clone’s Currency Plunges To Less Than A Penny
13.5.2022
Crypto markets are bottoming out and nothing’s immune, not even the potions critters use to breed in the Pokémon-style collectathon Axie Infinity. Called Smooth Love Potions, the currency has been trending down for some time now as players flood the market with it. For the first time in...
Terra Blockchain Halted Again as Validators Search for ‘Plan to Reconstitute It’
13.5.2022
The Terra (LUNA) blockchain has been halted by network validators for the second time, after saying on Thursday that block production had been resumed again. Despite the network halt, the token continues to be traded on some exchanges.
“Terra Validators have halted the network to come up with...
BitKwonnect? 'Luna Brothers' moment sees Terra inflate token supply 3,500% overnight
13.5.2022
There are now 6.9 trillion LUNA in circulation, while the coin's value is practically zero in U.S. dollar terms
Bitcoin price sees 'hell of a reversal candle' as 168,000 BTC leaves exchanges
13.5.2022
Nothing keeps a Bitcoin bull down for long, and now, BTC price action is back above $30,000 after 24-hour gains of 30%
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...
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
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...
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 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...
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...
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
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
Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue
10.5.2022
LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines, XMR and AXS also saw recent...