$1M LUNA 3 Days Ago is Now $185: Price Crashes Far Below the ICO Price
LUNA continues its freefall as the price loses another 93% in the past 24 hours alone. Today, the cryptocurrency also crashed below its ICO price. LUNA had its initial coin…
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Tether (USDT) Loses Peg As Mayhem in Stablecoin Continues
Tether (USDT) lost its dollar parity on Thursday as UST’s debacle sent shockwaves across the stablecoin market amid serious sell pressure in the wider industry. According to CoinMarketCap, the slump…
Gemini Denies 100k Bitcoin Loan Rumors to BlackRock and Citadel
New York-based cryptocurrency custody and exchange Gemini has refuted allegations about its involvement in the massive selloff of Terra’s native cryptocurrency, LUNA. Gemini Says Not Involved in LUNA’s Price Decline…
South Korean Exchanges Warn LUNA Investors as UST Collapse Mirrors TITAN Saga
After a dramatic 90% market crash, LUNA, trading below $5, is now deemed a “cautionary item” by the popular South Korean cryptocurrency exchange UpBit. Investors are unnerved after the embattled…
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 sparked a significant sell-off as…
Do Kwon Reveals Terra’s Proposed Rescue Plan to Save LUNA and UST
The outspoken Terraform Labs founder Do Kwon finally broke his silence and detailed the new rescue plan he has to re-peg the ecosystem’s flagship stablecoin, UST. In the latest Twitter…
TRON DAO Deploys $2 Billion to Protect TRX Following the LUNA Crash
With Terra getting in the news in the past several days for its failing stablecoin, Justin Sun reassured that the TRON DAO Reserve plans to allocate $2 billion to fight…
Over $700 Million Liquidated as Terra (LUNA) Crashes Below $1
Terra continues to lead the market-wide correction as LUNA has plummeted below $1, meaning a weekly drop of almost 99%. Bitcoin and the altcoins are also in the red, 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 with USD, prices have plunged, falling…
Here is What Happened to LUNA and Why the Price Can Continue Crashing
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…
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