The world’s biggest stablecoin has just released its quarterly transparency report a day before the deadline of May 20. The report indicates that Tether’s reserves were $82.4 billion as of March 31, ...
Tag: Reserves
Tether Calms USDT Depeg Fears With New Reserves Report
Key Takeaways Tether has published its Consolidated Reserves Report along with attestation from the independent auditing firm MHA Cayman. The report shows Tether’s consolidated assets exceeding ...
USDC Exchange Reserves Start Fall, Dry Powder For Bitcoin?
On-chain data shows the USDC exchange reserves have started to trend downwards recently, a sign that buyers may be exchanging the coin for Bitcoin and other cryptos. USDC Reserves On Exchanges Have Fa...
During The Crypto Migration Stablecoin Supplies As Well As Cash Reserves Are Under Jeopardy
Financial backers are tracking down a place of refuge in USDC, as per CoinGecko information. Between May 3 and Tuesday, the USDC market capitalization increased by 6.3 percent, representing $3.1 billi...
Luna Foundation Guard Discloses Usage of Bitcoin Reserves – Bitcoin News
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle ...
Stablecoin supplies and cash reserves in question amid crypto exodus
Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT), resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion. The...
Luna Foundation Guard depleted its $3 billion reserves to try to save UST, it reveals
The Luna Foundation Guard (LFG) broke its silence on the state of its crypto reserves, saying that it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablec...
Terra’s Bitcoin Reserves Were Sent to Binance and Gemini
Elliptic published a blog post that summarizes where the bitcoin was sent LFG’s bitcoin wallet also interacted with this address which also has an oxt.me annotation Terra Luna Price at the time of wr...
Luna Foundation Guard has now dumped $2.4 billion from its Bitcoin reserves in failed attempt to defend TerraUSD peg
Luna Foundation Guard, the second largest known holder of Bitcoin, liquidated almost its entire reserves last week worth billions in a failed attempt to defend the Terra UST stablecoin peg. Ever since...
Amidst Terra’s Drastic Crash, The LFG sold 80,082 From Its BTC Reserves
The whole crypto space was under a catastrophic drop after the Terra (LUNA) token bottomed 99% in just two days where the Blockchain’s stablecoin UST depegged leading to the crypto crash. LUNA was cre...
Tron buys TRX to increase reserves
The Tron DAO is continuing to stockpile TRX to increase its reserves. Tron DAO increases reserves in TRX The Tron DAO Reserve, the organization that replaced the Tron Foundation, has decided to buy $3...
Luna Foundation Guard Discloses What Happened to Their Reserves » NullTX
After UST de-pegged on May 9th, causing a cascade effect of billions of LUNA minted, the Luna Foundation Guard disclosed what happened precisely to their reserves which were meant to stabilize UST, ke...
Luna Foundation Guard reveals where missing 80K BTC reserves went
The Luna Foundation Guard, the organization responsible for the Terra ecosystem led by Do Kwon, has released information regarding its missing reserve funds. The crypto industry has been asking where ...
Terra’s LFG Reveals What Happened to Its Bitcoin Reserves
Key Takeaways The Luna Foundation Guard revealed Monday that it had spent almost all of its Bitcoin reserves in its failed attempt to restore UST’s peg. The LFG reportedly has only 313 Bitcoin l...
LUNA foundation discloses it sold over 80,000 in Bitcoin reserves for UST
Last week, the Terra (LUNA) token suffered a catastrophic drop that stunned the cryptocurrency world as its stable coin collapsed. LUNA was established by Terraform Labs in tandem with the algorithmic...
Luna Foundation Guard Reserves Decimated By Terra Crash
The Luna Foundation Guard (LFG) revealed on Monday that the recent Terra crash, and its measures to support UST had wiped out most of its reserves. Its holdings now stand at about $260 million- a far ...
Where Are the $3.5 billion Terra’s Bitcoin Reserves, Should this be a Matter of Concern?
The Terra Foundation after accumulating a huge number of Bitcoins worth billions surprised the entire crypto space as it stood as the second-largest BTC holder after MicroStrategy. However, things got...
Luna Foundation Guard Member Says Terra Reserves En Route
A high-ranking member of the Luna Foundation Guard (LFG) said on Monday that the foundation’s reserves are almost ready to be deployed, barring a few technicalities. The reserves will be largely targe...
Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini – Bitcoin News
After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST...
Over $1.2 billion in bitcoin reserves remains unaccounted for by Luna Foundation Guard
Luna Foundation Guard (LFG), a non-profit organization formed to support the growth of the Terra ecosystem, has yet to answer a crucial question about its bitcoin reserves after Terra’s collapse...
Terra Founder Do Kwon Says Bitcoin Reserves Deployed For Rescue Plan
Terra founder Do Kwon has finally come public on Twitter after announcing the “Terra ecosystem revival plan.” Do Kwon says the team is currently working on using the Bitcoin reserves of Luna Foundatio...
Bitcoin Falters After Federal Reserve’s Largest Rate Hike In 22 Years ⋆ ZyCrypto
Advertisement     The Bitcoin price managed to crawl higher on Wednesday, May 4 after a miserable open to the week on Monday. The cryptocurrency bounced back alongside...
Terra’s LUNA, UST Relisted On Binance As New Data Reveals Movement Of LFG’s Bitcoin Reserves ⋆ ZyCrypto
Advertisement     Binance CEO Changpeng Zhao (“CZ”) expressed disappointment at how the whole UST/LUNA escapade was handled following UST’s de-peg. In a thread of twee...
Why does the Federal Reserve’s state that Private Stablecoins are vulnerable in its new reports?
In terms of stablecoins, there is a notion that they are a safe window to have exposure to crypto-assets, but the authority considers its potential threats to the economy Raising concerns are voiced b...
El Salvador buys the dip – picks up 500 BTC worth roughly $15.5M for reserves
El Salvador just added another 500 Bitcoin (BTC) — worth roughly $15.5 million — to its reserves after the world’s most popular cryptocurrency fell to almost $30,000 on May 9. President Nayib Bukele a...
Luna’s BTC Reserves Gone as Exchanges Halt UST Withdrawals Amid Turbulent 24 Hours
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 and UST tokens ...
Terra Stablecoin Peg Slips Below $0.70—Despite Loan From Bitcoin Reserves
In brief The Luna Foundation Guard deployed $1.5 billion in reserve assets to shore up UST’s peg. Nonetheless, the price of the stablecoin, which should be $1, continued to drop. The de-pegging ...
New Financial Stability Report of Federal Reserves
The Federal Reserve research stablecoins reported that dollar-pegged stablecoins exhibit “safe asset qualities” in comparison to other crypto assets. The price rises above its peak during market distr...
Tron DAO Buys TRX Worth $39M For USDD Reserves
504,600,250 TRX tokens were purchased at an average rate of $0.07727 to bolster the USDD stablecoin reserves. Tokens Bought To Bolster Reserves The team at Tron DAO, which is the world’s larges...
How Terra Is Using Its Bitcoin Reserves To Keep UST Stable
Terra, through the Luna Guard Foundation (LFG), has been purchasing bitcoin to use as reserves for its UST stablecoin. This has gone well according to plan and out of the $10 billion worth of bitcoin ...
LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion worth of capital to “help protect” Terra USD’s (UST) p...
Luna Foundation Guard Buys $1.5B More Bitcoin to Boost Reserves
The Luna Foundation Guard (LFG) has bought another $1.5 billion in bitcoin to boost reserves of Terra’s UST stablecoin, with help from hedge fund Three Arrows Capital and crypto broker Genesis Trading...