Terra Death Spiral Hits $3 as Bailout Rumors Fade
Terra has continued to collapse as the blockchains UST stablecoin has failed to regain its dollar peg. Rumors that a venture capital-backed bailout has fallen through have added increased downward...
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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…
Terra ‘rescue plan’ still at large as LUNA falls below $5, Bitcoin spikes to ‘$138K’ in UST
All bets are off as volatility takes complete hold of Terra's tokens and a return to a U.S. dollar peg seems nowhere in sight.
Maker Up 11% Despite Terra CEO’s Pledge to Kill DAI
Maker is one of only a handful of crypto assets in the green today. The protocol behind the DAI stablecoin appears to be benefitting from the downfall of its closest...
Binance Halts Terra Withdrawals Amid UST Meltdown
Terras woes escalated early Tuesday as UST plummeted as low as $0.62 on Binance. Binance Responds to UST Crash Binance users holding Terra are facing a problem. The worlds top...
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.
‘Kwontitative easing’ — BTC price hits $43K in UST as Terra empties $2.2B Bitcoin bag
A frantic effort to rescue UST continues as Bitcoin weathers the storm to receive a $35,000 target next.
TerraUSD Stablecoin Plunges Below $0.95
The TerraUSD stablecoin (UST) is now valued at close to $0.95 as the asset’s market value continues to decline. TerraUSD Falls by Five Cents Terra’s UST stablecoin has fallen 5%...
42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply.
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