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Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy

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, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’

Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the UST stablecoin losing parity...

Terraform Labs CEO Do Kwon unveils plan to restore UST peg

Terraform Labs CEO Do Kwon has set out his plan of action to help the stablecoin TerraUSD (UST) return to its dollar peg.In a...

Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue

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...

Terra peg mechanism in doubt as UST crashes to $0.67

The third-largest stablecoin by market cap, TerraUSD (UST), appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and...

Terra’s UST Goes On Edge of Losing Peg as Crypto Markets Dip

<!-- --> Terra’s UST was briefly in danger of losing its peg as crypto markets continue to dip, putting pressure on...

Bitcoin touches $45k amid ‘PetroBitcoin’ sentiment

Bitcoin broke above key resistance levels to touch highs last seen in February, with…

The post Bitcoin touches $45k amid ‘PetroBitcoin’ sentiment appeared first on Coin Journal.

Defi Protocol Anchor to Implement ‘Semi-Dynamic Earn Rate’ Following Governance Vote

Defi Protocol Anchor to Implement 'Semi-Dynamic Earn Rate' Following Governance VoteOn Thursday, the team behind the lending protocol Anchor announced that a proposal has passed and the decentralized money market will “implement a more sustainable semi-dynamic earn rate.” Following the announcement, the value of the protocol’s native token ANC slipped roughly 2% lower during the last 24 hours. Anchor Protocol Is Changing the Application’s Earn […]

After Buying $500 Million Of Bitcoin, What Will Luna Do With It?

Luna has purchased more than 11,700 bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean exactly?

The Chopping Block: Do Kwon Pitches a Decentralized NFT Publishing Service

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Robert Leshner chop it up about the latest news in the digital asset industry. On this week’s episode,[...]

The post The Chopping Block: Do Kwon Pitches a Decentralized NFT Publishing Service appeared first on Unchained Podcast.

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