Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips under 99 cents
USDT is the latest stablecoin causing nervousness as Tether insists that operations are continuing as normal.
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Terra contagion leads to 80%+ decline in DeFi protocols associated with UST
Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized stablecoin options.
Gemini Denies Bitcoin Loan Rumors
Gemini, a leading crypto exchange, has denied rumors suggesting that it made a large Bitcoin loan which contributed to UST’s stability crisis. Gemini Denies Lending Rumors Gemini has denied rumors...
Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard
Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000.
Why did Terra LUNA and UST crash? | Find out on The Market Report
On this week’s special episode of “The Market Report,” Cointelegraph’s resident experts discuss the Terra ecosystem meltdown.
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions
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…
Do Kwon Outed as Co-Founder of Previous Failed Stablecoin Project
According to new reporting fromCoinDesk,Terraform Labs CEO Do Kwon was previously involved in stablecoin project Basis Cash under the pseudonym “Rick Sanchez.” If true, it would mean that UST is...
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…
Terra Nears Zero as Do Kwon Promises “Return to Form”
LUNA has shed over $30 billion of value over the last few days. Its now trading around $1, down 97% in the last 24 hours. Do Kwon Proposes Terra Solution...
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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