“After this analysis, we felt, and continue to feel, that UST will ultimately maintain its peg and a number of attractive opportunities had become available,” Arca CEO Rayne Steinberg wrote to investo...
Tag: UST
As Terra’s Dollar Stablecoin UST Collapses, LUNA Falls 97% to Under $1
In what will surely be a historic week in stablecoin history, Terra’s LUNA, the currency that backs its dollar-pegged stablecoin UST, has slid beneath a dollar at the time of writing. No, we haven’t ...
UST Meltdown Hasn't Spurred US Financial Stability Council Meeting: Sources
As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U.S. government officials. Despite the recent federal stance that stab...
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 crypt...
LUNA, UST postmortem: Was it a coordinated attack or a ponzi
Two days have passed since Terra’s UST got knocked off its dollar peg and it looks like any recovery attempts have failed. LUNA has turned out to be the unfortunate casualty of an unfortunate series o...
Terra’s UST fiasco cited by Yellen
Janet Yellen reiterated her stance on stablecoin regulations Really need a consistent federal framework – Yellen LUNA’s Market Cap – $843,527,032 U.S. Depository Secretary Janet Yellen emp...
What happened UST, and was it an attack?
This isn’t a very fun article to write. An entire ecosystem has blown up, and many lives have been destroyed. NFT projects, De-Fi apps, payment processing apps, Mirror, Anchor, Kash – these are just a...
Terraform Labs CEO Do Kwon Outlines Terra’s Path Forward for LUNA, UST Stablecoin
Do Kwon, the founder and CEO of Terraform Labs, has broken his Twitter silence to reveal the Terra network’s next steps in the wake of this week’s crash. “I understand the last 72 ho...
Terra (LUNA) Futures Sees $106 Million in Liquidations as UST Falls to $0.35
Even when the tokens sank yesterday, 58 percent of LUNA dealers were betting on higher values. Did you know that in January 2022, LUNA was trading at roughly a hundred times greater than it was the pr...
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 thread, Kwon sa...
BlackRock And Citadel Deny Trading Cratering Stablecoin
Signage outside Blackrock headquarters in New York, U.S., on Wednesday, Oct. 13, 2021. © 2021 Bloomberg Finance LP Asset manager BlackRock and hedge fund giant Citadel Securities have denied trading t...
Terra Sacrificing LUNA to Save TerraUSD (UST) Forces Coin to Plunge Below $1
– Advertisement – Terra (LUNA) has continued its free fall from glory as the cryptocurrency fell below $1 on popular cryptocurrency exchange Binance. No one thought they would see LUNA fa...
Maker’s MKR Token Surges 30% and Stablecoin DAI Leapfrogs UST
Maker’s governance token MKR spiked more than 30% overnight, and its stablecoin DAI also benefited from the continued meltdown of Terra’s UST stablecoin, which slipped as low as $0.30 in the early hou...
US Treasury Secretary Yellen points to UST slip, asks for new stablecoin legislation by the end of 2022
Treasury Secretary Janet Yellen is still calling for stablecoin legislation by the end of the year. In response to questioning on stablecoins from Senator Pat Toomey (R-PA) at a May 10 hearing, Yellen...
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy – Coinotizia
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’s native digital ass...
UST Revives Back Above $0.50
After a successful break above $0.50, the TerraUSD price prediction extended its recovery to touch the resistance level of $0.54. UST/USD Long-term Trend: Bearish (45 Minute Chart) Key levels: Resista...
Who is Do Kwon, and where did all go wrong for UST founder?
I’ve been in cryptocurrency for a few years now, but I’ve never seen anything like the events of the last 48 hours. We have seen a stablecoin worth $18 billion – UST – go poof, as well as the accompa...
TerraForm Labs CEO Do Kwon announces recovery plan for LUNA, UST following crash
Terraform Labs CEO Do Kwon announced a possible “solution” to deal with the massive crash LUNA and UST experienced over the last couple of days. TerraUSD (UST), a stablecoin pegged 1:1 to the U.S. dol...
Quadriga co-founder Michael Patryn trades UST crash for $760,000 gain
Michael Patryn, the co-founder of now-defunct exchange Quadriga CX, took a profitable punt on the stablecoin TerraUSD (UST) as it broke its peg with the dollar yesterday. According to transaction ana...
UST Stablecoin Falls To $0.30 Overnight as Terra’s Market Woes Continue
The Terra network’s native algorithmic stablecoin TerraUSD (UST) has plummeted more than 45% over the past 24 hours. On Wednesday morning it plunged as low as $0.2998, according to data from CoinMark...
The Attacker of UST Stablecoin Made Rich Profits, Here’s How
Since the beginning of the week, Terra’s UST stablecoin has seen a major crash de-pegging from the USD. At the same time, Terra’s native cryptocurrency LUNA has corrected by over 80% in the last four ...
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy – Bitcoin News
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital ass...
LUNA Crash to 1$! Proposal to fix UST is out, will LUNA recover soon?
Just a few weeks ago, traders were anticipating LUNA prices to break $100 again and continue soaring. In an unexpected turn of events, things got sour and LUNA collapsed to a current price of $1. This...
Rumors run riot as UST collapses amid Yellen report on stablecoins
Rumors are circulating online that Citadel Capital may be behind the UST crash as Janet Yellen announces a report on stablecoins. The hedge fund, which is well known for its involvement in the shortin...
Do Kwon Pledges to Rebuild UST (This Time With Collateral Backing)
Following a failed attempt to defend the peg for the TerraUSD (UST) stablecoin, TerraForm Labs CEO Do Kwon has finally admitted that it is now embarking on a plan to “rebuild UST.” Recall that a sleut...
UST stablecoin regains some ground as crypto sentiment improves
The price of Terra’s algorithmic stablecoin, TerraUSD (UST), regained some of its losses against the US dollar on Tuesday, having dropped as low as $0.61 amid weakening sentiment in the broader crypto...
“Terra’s Return to Form Will be a Sight to Behold,” Says Do Kwon As He Unveils UST and LUNA Recovery Plan ⋆ ZyCrypto
Advertisement     Drama in the Terra ecosystem has taken a turn for the worse as the LUNA price continued its third consecutive day of falling. Over the past 24 hours,...
LUNA Tanks Another 57% Slipping Under $20, Do Kown to Announce UST Recovery Plan
Things seem to be getting from bad to worse for the Terra ecosystem as the LUNA price continues its further correction. In the last 24-hours, LUNA lost another 57% and is currently trading at $16.71. ...
SHIB Holding Its Ground In A Free Falling Crypto Market As Shiba Inu Takes 14th Spot Beating Terra UST and Tron
– Advertisement – Shiba Inu (SHIB) is now the 14th biggest cryptocurrency globally in terms of market cap. The most popular dog-themed cryptocurrency climbs to the 14th spot as Terra (LU...
Will LUNA and UST Price Recover? Terra Luna Price Down 93%, UST De-pegged to $0.3 » NullTX
Even with Bitcoin’s price destabilization over the past week, most of the attention is on the abysmal price performance of Terra Luna, which is down 93%, and UST, whose price is supposed to stay pegge...
Luna Foundation Guard close to announcing recovery plan for TerraLuna, UST
Do Kwon has announced a recovery plan in the works for UST and, therefore, the Terra ecosystem. UST has lost its peg from the dollar, and its native token LUNA is down is down 90%, currently trading a...
Terra LUNA Under $1 as UST Still Unpegged
Terra (LUNA) has had a rough couple of days following the depegging of the UST stablecoin. The collapse of Terra LUNA has continued on Wednesday, with the token now dropping to below $1. Luna Crash – ...