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” Breaking: Terra blockchain officially halted following LUNA price collapse “ Validators for the Terra blockchain have decided to officially halt network activity on Thursday in a move designed to prevent governance attacks following the severe devaluation of the network’s LUNA token. Terraform Labs’ official Twitter handle confirmed that the blockchain network was halted at…
” Binance will delist LUNA/USDT contracts as price falls below 0.005 “ Major crypto exchange Binance announced it will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price. In a Thursday blog post, Binance said it would be taking “precautionary measures” around its LUNA/USDT perpetual contracts, intending…
” Untethered: Here’s everything you need to know about TerraUSD, Tether and other stablecoins “ The crypto winter could be claiming more casualties among the stablecoin camp. The depegging of TerraUSD (UST) on May 10 triggered market selloffs, and now Tether (USDT) appears to be losing its footing. It has slipped against the U.S. dollar….
” Binance Futures delists coin-margined LUNA perpetual contracts “ Amid collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues deactivating related trading services. Binance’s derivatives arm Binance Futures has delisted coin-margined LUNA perpetual contracts, the firm officially announced on May 12. “Users are advised to close any open positions prior to…
” Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips under 99 cents “ Bitcoin (BTC) fell out of its long-term trading range on May 12 as ongoing sell pressure reduced markets to 2020 levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tether wobbles as UST stays under $0.60 Data from…
” Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard “ Bitcoin (BTC) price initially bounced from its recent low at $29,000 but the overall market sentiment after a 25% price drop in five days is still largely negative. Currently, the crypto “Fear and Greed Index,” which uses…
” Why did Terra LUNA and UST crash? | Find out on The Market Report “ Cryptocurrency investors never thought they’d have to ask whether TerraUSD (UST) or LUNA would reach $1 first. On Wednesday, that question became the talk of the cryptosphere as the Terra ecosystem imploded. As the algorithmic stablecoin UST lost its…
” LUNA meltdown sparks theories and told-you-sos from crypto community “ No matter how hard your day is going, spare a thought for LUNA investors Wednesday. Do Kwon, CEO of Terraform Labs and 18th on Cointelegraph’s Top 100, has lost billions of dollars for their investors. Do Kwon’s coins came crashing down as brainchild Terra (LUNA)…
” Bitcoin falls back under $30K while 8.3% US CPI shows signs inflation has peaked “ Bitcoin (BTC) dropped by $1,500 in minutes on May 11 as the latest United States inflation data delivered mixed sentiment on the economic outlook. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin puts in fresh 10-month lows Data from…
” Avalanche drops 30% on fears Terra’s LFG will dump AVAX next “ Avalanche (AVAX) is paying the price for being one of the collateral assets that maintain Terra’s native stablecoin TerraUSD’s (UST) peg with the U.S. dollar. Major AVAX dump ahead? AVAX’s price dropped about 30% to reach $32.50 on May 11, its lowest…