Terra’s LUNA Drops to Almost $1 After 90% Weekly Plunge
Value locked on Anchor, Terra’s largest DeFi protocol, dropped some $11 billion in the past two days.
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May 11, 2022 at 6:55 a.m. UTC
May 11, 2022
Terra
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UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg
Luna Foundation Guard buying billions of dollars in bitcoin without an infrastructure ready to deploy left Terra’s UST vulnerable to a “Soros-style attack,” an analyst said.
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May 10, 2022 at 11:25 p.m. UTC
May 10, 2022
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UST Resumes Spiral After Quiet Day Orbiting 90 Cents
Terra’s shaky stablecoin is prompting calls for closer regulation by key U.S. officials.
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May 10, 2022 at 10:15 p.m. UTC
May 10, 2022
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Meltdown Monday and the Great De-Pegging
Stocks nuked. Commodities nuked. A stablecoin really, really nuked.
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May 10, 2022 at 9:25 p.m. UTC
May 10, 2022
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UST Backer LFG Seeks $1B to Shore Up Stablecoin Peg: Report
The funding is needed because the dollar-pegged stablecoin dropped as low as 60 cents Monday amid broader market turmoil.
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May 10, 2022 at 8:41 p.m. UTC
May 10, 2022
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Bitcoin Net Transfer Volume on Exchanges Rising to Highest Level in Over 4 Years
The amount of bitcoin flushed onto crypto exchanges is rising to its highest level in over four years. This comes as the Luna Foundation Guard drained its $1.5 billion bitcoin...
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May 10, 2022 at 7:54 p.m. UTC
May 10, 2022
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UST Stablecoin’s Dollar Peg Collapse: What Happened and Why it Matters
Terra’s algorithmic stablecoin UST lost its dollar peg, falling as low as $0.65 before rebounding. “The Hash” panel discusses what happened, how we got here, why these develop...
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May 10, 2022 at 6:48 p.m. UTC
May 10, 2022
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Fed Issues Stablecoin Warning Amid TerraUSD Collapse
CoinDesk’s Nikhilesh De discusses a new report issued by the Federal Reserve warning of stablecoin risks as the TerraUSD (UST) coin lost its dollar peg, dropping as low as $0....
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May 10, 2022 at 3:19 p.m. UTC
May 10, 2022
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Terra’s UST Stablecoin Falls as Low as 65 Cents Before Rebounding: What Went Wrong?
“Crypto Critics’ Corner” Co-host Bennett Tomlin explains what might have gone wrong in the Terra Luna ecosystem leading to the TerraUSD (UST) stablecoin collapse. Tomlin expla...
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May 10, 2022 at 3:19 p.m. UTC
May 10, 2022
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Terra’s UST Loses Dollar Peg; Philippines Expects Marcos Jr Win
UST loses dollar peg as Terra market cap plunges. Coinhako receives full license to provide Digital Payment Token services in Singapore. Marcos Jr. poised to become next Phili...
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May 10, 2022 at 3:19 p.m. UTC
May 10, 2022