Avalanche drops 30% on fears Terra’s LFG will dump AVAX next
Luna Foundation Guard is emptying its crypto reserves to bring its stablecoin back to its $1-peg, risking a massive AVAX selloff.
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Terra founder Do Kwon shares plan to save the UST stablecoin peg
Do Kwon, the humbled co-founder of Terraform Labs, has shared a rescue plan for the de-pegged stablecoin UST.
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 with USD, prices have plunged, falling…
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten…
The Fed cites worries about stablecoin in its latest Financial Stability Report
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC.
Yellen Echoes Stablecoin Warning Citing UST Crash
U.S. Treasury Secretary Janet Yellen has called on Congress to pass stablecoin legislation, referencing UST’s recent depeg event. Yellen Highlights Stablecoin Risks Stablecoins are facing increased scrutiny from the U.S....
Ethereum rises vs. Bitcoin despite crypto market rout — will ETH/BTC gain 50% by June?
ETH/BTC rallies to test its 'ascending triangle' pattern for a bullish breakout.
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been…
Binance temporarily suspends LUNA, UST withdrawals citing network congestion
The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff.
Nouriel Roubini oversees the development of tokenized dollar replacement
Nouriel Roubini is helping develop a tokenized financial instrument aiming to act as an alternative to the U.S. dollar for major investors.
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