How Anchor’s problems could destabilise Terra’s economy and the crypto market
Anchor continues to grow its TVL amid persistent demand for the stablecoin UST.
How Anchor’s problems could destabilise Terra’s economy and the crypto market
Anchor continues to grow its TVL amid persistent demand for the stablecoin UST.
Terra users lose over $4 million in phishing attack
From April 12 to 21, dozens of Terra network users were victims of a phishing attack. Crypto assets worth $4.31 million were transferred to the attacker’s address, according to SlowMist researchers.
LUNA climbs 17.5% as UST market capitalization rises
In the last 24 hours, the price of Terra's LUNA token rose 17.5%. This came as Terra USD (UST) rose to third place by market capitalization among stablecoins.
Paolo Ardoino: High-cap algorithmic stablecoins pose risks to the market
UST's stablecoin is dangerous for the crypto market due to its approach to collateralisation. This view was expressed in an interview with CoinDesk by Tether's chief technology officer Paolo Ardoino.
Terra’s UST surpasses Binance USD in market capitalization
The market capitalization of the algorithmic stablecoin Terra USD (UST) surpassed $17.53 billion, allowing the asset to overtake Binance USD (BUSD) and secure the third place in the ranking of stablecoins by market cap. Over the past 30 days its value has risen by almost 15%.
LFG reserves exceed 42,500 BTC
The nonprofit Luna Foundation Guard (LFG) slowed its pace of Bitcoin purchases after a broad market recovery, according to Arcane Research's report.
Terraform Labs donates 10 million LUNA to Luna Foundation Guard
Terraform Labs has transferred an additional 10 million LUNA, worth about $880 million, to the non-profit Luna Foundation Guard (LFG). The funds could be used to invest in Bitcoin to bolster the stability of the algorithmic stablecoin Terra USD (UST).
Luna Foundation Guard buys 4,129 BTC
The non-profit Luna Foundation Guard (LFG) has added to its holdings by purchasing 4,129 BTC for $176 million. This was reported by Anthony Pompliano, co-founder of venture firm Morgan Creek Digital.
Luna Foundation Guard and Terraform Labs Invest $200 Million in AVAX
The non-profit Luna Foundation Guard (LFG) is investing $100 million in AVAX tokens from the Avalanche project to expand reserves and bolster the stability of the algorithmic stablecoin UST.
LongHash Ventures and Terraform Labs to Launch Terra-based Accelerator
LongHash Ventures and Terraform Labs announced the launch of a stream within the LongHashX accelerator, aimed at Terra-based startups operating on the Terra network, according to a press release.
Terra’s LUNA price hits an all-time high
The Terra native token price surpassed $107, reaching an all-time high.
Luna Foundation Guard Plows More Than $1 Billion into Bitcoin to Back UST
The non-profit Luna Foundation Guard (LFG) invested more than $1 billion in Bitcoin to back the stability of the algorithmic stablecoin Terra USD (UST), according to Morgan Creek Digital co-founder Anthony Pompliano.We use cookies to improve the quality of our service.
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