Terra’s LUNA Has Dropped 99.7% in Under a Week. That’s Good for UST
LUNA tokens lost 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the UST price.
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May 12, 2022 at 9:39 a.m. UTC
May 12, 2022
UST
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Citadel Securities, BlackRock, Gemini Slam Social Media Accusations of Involvement With UST Collapse
A conspiracy theory that began on 4chan and was amplified by Cardano founder Charles Hoskinson has been met with swift denials by all parties.
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May 12, 2022 at 5:23 a.m. UTC
May 12, 2022
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First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins
A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red.
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May 11, 2022 at 11:38 p.m. UTC
May 11, 2022
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Regulators Should Pay Attention to UST
A stablecoin de-pegged. People lost money. It ain’t great.
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May 11, 2022 at 11:01 p.m. UTC
May 11, 2022
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The LUNA and UST Crash Explained in 5 Charts
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday.
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May 11, 2022 at 10:12 p.m. UTC
May 11, 2022
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Après Terra, le Déluge
The asset, LUNA, once trading over $119, falls to under $1.
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May 11, 2022 at 9:42 p.m. UTC
May 11, 2022
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Arrington Capital Scrubs $100M Anchor Yield Fund From Website After UST Upheaval
Founder Michael Arrington cited decreased demand for the decision to remove the fund from the company's website.
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May 11, 2022 at 9:41 p.m. UTC
May 11, 2022
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'Failure Should Be an Option,' US Sen. Pat Toomey Says of UST Turmoil
The Banking Committee’s top Republican doesn’t want asset-backed stablecoins tarnished by the UST drama.
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May 11, 2022 at 8:51 p.m. UTC
May 11, 2022
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'$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.
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May 11, 2022 at 8:18 p.m. UTC
May 11, 2022
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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.
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May 11, 2022 at 8:01 p.m. UTC
May 11, 2022