On Thursday, Terraform Labs, the team behind the Terra ecosystem, outlined three emergency measures aimed at saving LUNA and its native stablecoin UST from collapse. The three measures include burning...
Tag: UST
Terra’s Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked – Coinpedia – Fintech & Cryptocurreny News Media
Do Kwon’s first rescue plan included enlarging the base pool, burning UST, and staking LUNA, according to the Terra’s Twitter account. Terra feels that the downward pressure on UST’s peg is diluting L...
LUNA, UST Issuer Terra Restarts Blockchain After Brief Shutdown
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Anchor token plunges 70% amid worsening UST and Luna crisis
Anchor Protocol’s token called Anchor (ANC) has lost more than 70% in the last day, in part due to a sharp decline of overall deposits on the protocol and TerraUSD (UST) stablecoin failing to meet its...
Crypto Exchange Gemini Responds To Rumors That It Orchestrated UST Crash
The Terra UST crash is no longer news to those in the space. However, the cause of the crash remains a largely speculated issue. Out of the speculations that have been making the rounds, the most popu...
Is Tether (USDT) Following Terra’s UST In Losing Its Dollar Peg?
Tether (USDT), the world’s largest stablecoin, appears to be under extreme liquidation pressure amid the ongoing crypto crash. The token is down 4.8% to 0.9508- its lowest level since the 2017 crypto ...
Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra’s UST
Tether (USDT) has become the next stablecoin to suffer from the ongoing stablecoin fiasco that started with TerraUST de-pegging from the US Dollar. USDT traders were treated to a scare after the price...
TerraForm Labs proposes to burn $1.3B in UST to save LUNA
Terraform Labs proposed to burn a total of $1.3 billion worth of UST to save LUNA to combat the current crisis. A three-step emergency plan was posted on the project’s Twitter account, which included ...
Treasury Secretary Yellen Says Stablecoins Pose Financial Stability Risks, Cites Collapse of TerraUSD (UST)
U.S. Secretary of the Treasury Janet Yellen is calling for legislation that will regulate stablecoins to eradicate the risks she believes they pose to financial stability. While testifying before the ...
Market Bleeds As LUNA Nears $0
TradingView Worth $119.22 at its peak, LUNA LUNA , the sister asset of troubled cryptocurrency TerraUSD UST , collapsed to almost $0 overnight. As of 10:45 a.m. ET, the token is trading at $0.005 with...
What really happened to Terra LUNA and UST?
Terra LUNA has now lost almost $100 of its market value, whereas UST, after hitting a low of $0.29, seems to be approaching the peg threshold again. The path, however, is still a long way off and the ...
Is LUNA Dead? Terra Luna Price Drops Below 4 Cents, UST still De-pegged at $0.67 » NullTX
After dropping nearly 99% in the past week from a high of $85 to a low of $1 yesterday, LUNA is the gift that keeps on giving, dropping well below 10 cents today, currently trading at $0.035. Those tr...
Terra Outlines Emergency Plans To Save LUNA And UST
Terra’s CEO, Do Kwon, reappeared early Wednesday to present an emergency plan to save UST and LUNA. To protect against network governance attacks, the business proposes burning all UST in the communit...
Tether’s USDT Stablecoin Loses Peg Amid UST Disaster
Key Takeaways Tether’s USDT has lost its peg to the dollar. USDT briefly traded as low as $0.95 before recovering to $0.99. Several other stablecoins are trading above their $1 target, while UST...
After UST, USDT Losing its Peg, Why This Should be a Huge Matter of Concern for Crypto Space
Just as the crypto space is experiencing the most dreadful days in its history, the said backbone ‘Tether’ also tumbles up. No doubt the USDT peg-de-peg is just a normal routine during the bull run an...
Luna price falls below $1 as UST de-peg continues
Luna (LUNA), which has been in freefall along with its related stablecoin TerraUSD (UST), fell below $1 on Wednesday. Luna is currently trading at $0.86 at 9am ET, down 97% from $31.06 just 24 hours ...
Citadel Securities and BlackRock Refute Rumors Trading TerraUSD (UST)
3 hours ago | 2 mins read Editors News One of the most shared tweets on Twitter was the foundation of the conspiracy theory. In separate emails to Forbes, the companies refuted the rumors. This mornin...
Research Reveals UST Stablecoin And Its Kinds Pose Great Risks Ahead
On the 10th of May, the UST dollar peg hit lows of $0.6. The stablecoin was challenged over thin liquidity, shortly after the Luna Foundation Guards (LFG) finished building its $3 billion treasures la...
Algorithmic Stablecoin Like $UST Prone to Pose Great Risk! Here’s What Research Says
The UST dollar peg touched a low of $0.6 on May 10th. Shortly after the Luna Foundation Guards (LFG) finished building their $3 billion treasures last week, the stablecoin was challenged due to low li...
After the Collapse of Terra’s UST, What’s Next for Algorithmic Stablecoins?
In brief Terra’s UST stablecoin is trading well below its $1 target. Stablecoin creators and skeptics alike believe collateralization is key to consumer confidence. On Monday, the Federal Reserv...
This is Why TerraUSD (UST) May Hit $1 Before Terra (LUNA) Price!
Terraform labs, in the recent days dumped the whole BTC reserve and dragged the entire crypto space into a deep bearish well. Bitcoin price visited the rock-bottom levels, hitting the support levels t...
Crypto Firms Quick to Announce No Exposure to UST, LUNA
As Terra’s stablecoin, UST, and native token, LUNA, hurtle toward unheard-of lows, many in the crypto community are scrambling to assess how far-reaching the damage will be for decentralized finance a...
Terra founder Do Kwon shares plan to save the UST stablecoin peg
Do Kwon, CEO of Terraform Labs, has not accepted defeat. After an 18-hour wait in which Terra’s LUNA and TerraUSD (UST) endured a face-ripping freefall, Kwon has announced what he hopes will be ...
Terra’s Do Kwon Finally Releases Recovery Plan for UST, Community Recalls “Lehman Brothers” Tragedy
Vladislav Sopov Here’s how Terra (LUNA) team is going to address collapse of TerraUSD (UST) stablecoin Contents Increase minting capacity would accelerate UST absorbing: Proposal Terra’s t...
Bitcoin at 16-Month Low as UST Collapse Shows Risks of ‘Algo’ Stablecoins
Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $28,500, down about 7%, although it fared better than most other major cryptos, underscoring its status as a less ...
Terra’s UST De-Pegging a ‘Brilliant’ Soros-Style Attack, Claims Analyst
Terra’s (LUNA) UST de-pegging from the U.S. Dollar was part of a ‘brilliant’ Soros-style stratagem that netted its perpetrator close to a billion dollars. So claims market analyst the Onchain Wizard, ...
Terra’s Do Kwon Plans To Sacrifice LUNA To Support UST Peg
Terra founder Do Kwon on Wednesday outlined plans to support the flailing Terra blockchain. But his plan is likely to pressure LUNA prices further. Terra (LUNA) has registered a historic dump amid the...
Terra ‘rescue plan’ still at large as LUNA falls below $5, Bitcoin spikes to ‘$138K’ in UST
Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its bleeding crypto assets. Data from Cointelegraph Markets Pro and TradingView showed both...
Terra UST Declines 88% in 5 Weeks as LUNA Foundation Liquidates Entire $BTC Holdings
Tomiwabold Olajide Embattled cryptocurrency is now down a staggering 96.49% from its all-time high of $119 reached on April 5 Terra’s LUNA continued its free fall on May 11, shedding 88% in five...
LUNA & UST Price Move Closer to “Zero”! What’s Next? – Coinpedia – Fintech & Cryptocurreny News Media
Do Kwon has advised LUNA investors to “stay strong” as the price approaches zero. Prices have plummeted since the UST stablecoin lost parity with the US dollar, hitting a new low this morning. LUNA, U...
Controversial Dollar-Pegged Stablecoin UST Crashes 60% to 35 Cents
Dollar stablecoin UST plunged substantially on Wednesday to below 40 cents, as its sister token Luna also sank 80% to $5. UST, a stablecoin pegged to the value of the dollar, plummeted more than 60% t...