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Terra

Do Kwon, a cofounder of Terraform Labs
Markets
Do kwon
'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
Terra's UST briefly fell below $6.5 billion in market cap on Wednesday morning, allowing DAI to be the fourth-biggest stablecoin on the market for a time.
Do Kwon, a cofounder of Terraform Labs
By Helene Braun
May 11, 2022 at 8:18 p.m. UTC
May 11, 2022
Do KwonTerraUSTStablecoinsMarketsDAIMarket CapMarket Capitalization
LUNA fell to as low as $7.62 during Asian trading hours. (TradingView)
Consensus Magazine
Terra
Do Kwon Is the Elizabeth Holmes of Crypto
If you promise investors something impossible, is it a crime?
LUNA fell to as low as $7.62 during Asian trading hours. (TradingView)
By David Z. Morris
May 11, 2022 at 8:17 p.m. UTC
May 11, 2022
TerraStablecoinsDo KwonOpinionThe NodeNewsletters
Arca's Rayne Steinberg speaks at CoinDesk's Invest:NYC 2019. (CoinDesk archives)
Finance
Arca
Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collapse
“UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk.
Arca's Rayne Steinberg speaks at CoinDesk's Invest:NYC 2019. (CoinDesk archives)
By Ian Allison
May 11, 2022 at 8:01 p.m. UTC
May 11, 2022
ArcaTerraUST
The U.S. Department of the Treasury hasn't yet held any cross-agency meetings to discuss the fallout of UST's struggles. (Jesse Hamilton/CoinDesk)
Policy
Regulations
UST Meltdown Hasn't Spurred US Financial Stability Council Meeting: Sources
U.S. federal officials aren’t getting together to follow the game plan that’s typical when mainstream financial firms flounder.
The U.S. Department of the Treasury hasn't yet held any cross-agency meetings to discuss the fallout of UST's struggles. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
May 11, 2022 at 5:44 p.m. UTC
May 11, 2022
RegulationsLuna Foundation GuardTerraJanet YellenUST
Stablecoin USDN loses its dollar peg. (TradingView)
Markets
Stablecoin
Crisis in Terra's UST Stablecoin Spreads to Neutrino USD on Waves Protocol
Algorithmic stablecoins are under pressure after Terra's UST lost its $1 peg.
Stablecoin USDN loses its dollar peg. (TradingView)
By Krisztian Sandor
May 11, 2022 at 5:24 p.m. UTC
May 11, 2022
StablecoinWavesTerra
Do Kwon (Terraforms Labs, modified by CoinDesk)
Technology
Terra
UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say
Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.
Do Kwon (Terraforms Labs, modified by CoinDesk)
By Sam KesslerDanny Nelson
May 11, 2022 at 3:15 p.m. UTC
May 11, 2022
TerraStablecoinsDo Kwon
TerraForm Labs founder and CEO Do Kwon (CoinDesk TV, modified using PhotoMosh)
Finance
Terra
Terra Founder Do Kwon Supports Community's UST Proposal, LUNA Slides
The proposal seeks to bring UST back to its intended $1 peg.
TerraForm Labs founder and CEO Do Kwon (CoinDesk TV, modified using PhotoMosh)
By Shaurya Malwa
May 11, 2022 at 11:09 a.m. UTC
May 11, 2022
TerraTradingMarkets
Anchor community drafted a proposal to save UST. (Javardh/Unsplash)
Markets
Terra
Anchor Community Submits Proposal to Restore UST Peg
Algorithmic stablecoin TerraUSD has fallen sharply from its $1 peg over the past 48 hours.
Anchor community drafted a proposal to save UST. (Javardh/Unsplash)
By Oliver Knight
May 11, 2022 at 10:39 a.m. UTC
May 11, 2022
TerraStablecoin
(Jeffrey Coolidge/Getty Images)
Markets
Trading
UST Falls to 35 Cents, Terra Futures See $106M in Liquidations
Some 58% of LUNA traders were betting on higher prices even as the tokens fell yesterday.
(Jeffrey Coolidge/Getty Images)
By Shaurya Malwa
May 11, 2022 at 8:33 a.m. UTC
May 11, 2022
TradingFuturesInvestingTerra
Terraform Labs CEO Do Kwon on CoinDesk TV in December.
Markets
Luna foundation guard
Bitcoin Flirts With $30K During Asia Trading Day as Luna Foundation Guard Fights to Defend UST Peg
Glassnode analyst says change in exchange balance is due to LFG using bitcoin reserves to defend stablecoin peg.
Terraform Labs CEO Do Kwon on CoinDesk TV in December.
By Sam Reynolds
May 11, 2022 at 8:26 a.m. UTC
May 11, 2022
Luna Foundation GuardLuna YieldTerraStablecoins