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…
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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…
Terra Protocol and its ecosystem have been at the forefront of the cryptocurrency market for a few days now, and not without a reason. UST – the protocol’s algorithmic stablecoin…
As Terra ecosystem’s UST stablecoin untethered over the weekend, LUNA slipped frantically as well, losing approximately 95% of its value. The efforts to rescue UST continue as LFG – the…
Terra (LUNA)’s price collapse from Monday continues, now tracing down beneath $16 per coin. Meanwhile, the network’s dollar-pegged stablecoin TerraUSD (UST) continues trading at just $0.8, far below its intended…
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…
The latest move by the cryptocurrency exchange comes after LFG decided to lend $1.5 billion in BTC and UST to defend the latter’s peg. Binance has announced temporarily suspending LUNA…
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost…
This isn’t the first time UST has lost its peg. But the controversial algorithmic stablecoin de-pegged yet again just days after the Luna Foundation Guard (LFG), the organization backing it,…
The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value…
Singapore-based Luna Foundation Guard (LFG) made yet another bitcoin purchase of $1.5 billion in Bitcoin for its UST stablecoin reserve. According to CNBC on Thursday (May 5, 2022), LFG raised…