County Luna Financial News

11.05 / 18:07

MARKET Altcoins Terra Do Kwon's USD 1M Bet Doesn't Look Good as LUNA Crashes

Do Kwon, co-founder and CEO of Terraform Labs, the entity behind Terra (LUNA), found himself in a peculiar position with his bet that LUNA would stay above USD 88 - as the coin dropped over 90% in a single day.

11.05 / 15:33

markets Stablecoin avalanche Dollar 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.

11.05 / 14:33

business Stablecoin Altcoin Terra Terra founder Do Kwon shares plan to save the UST stablecoin peg

Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA) and TerraUSD (UST) endured a face-ripping freefall, Do Kwon has announced his “rescue plan" for the Terra community.

11.05 / 14:27

Lowe's Extreme Luna Avalanche price LUNA, Cardano, and Avalanche Price Analysis: 11 May

LUNA has fallen around 84% within 72 hours following the ruckus around the stablecoin UST. UST de-pegged from the dollar and fell below $1, as low as $0.65 before recovering to $0.94 and dropping toward $0.7 once more.

11.05 / 14:09

stablecoins bitcoins Terra Luna Luna This major crypto token dropped 60% in 24 hours. Here's what you should do

Interestingly, this time it's not a tiny token or a one time wonder, but a constituent among the top-10 crypto tokens, if we exclude the dollar-pegged stablecoins. Here, we are talking about Terra (LUNA). The native token of Terra blockchain named 'LUNA' tumbled to $24.14 from $61.99, registering a massive drop of 60 per cent within a day. The token is trading about 80 per cent below its peak close to $118, scaled last month.

11.05 / 11:17

Stablecoin MARKET Altcoins Terra recovery UST and LUNA Keep Collapsing, No Word from Do Kwon on Promised 'Recovery Plan'

Both terraUSD (UST) and terra (LUNA) still can't find their price bottom today.

10.05 / 23:15

markets stocks Bitcoin Altcoins stage a relief rally while Bitcoin traders decide whether to buy the dip

The similarity in price action between the crypto market and traditional financial markets remains quite strong on May 10 as traders enjoyed a relief bounce across asset classes following the May 9 rout which saw Bitcoin (BTC) briefly dip to $29,730.

10.05 / 13:43

markets business Blockchain Stablecoin Suspends network Withdrawals Binance temporarily suspends LUNA, UST withdrawals citing network congestion

As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the withdrawals for Terra (LUNA) and UST on Tuesday.

10.05 / 06:11

Stablecoin defi Altcoin Terra Usd Terra Terra peg mechanism in doubt as UST crashes to 67 cents

The third-largest stablecoin by market cap Terra USD (UST) appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on May 10.

09.05 / 20:11

Ethereum XRP Cardano Bitcoin Price analysis 5/9: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, DOGE, AVAX, DOT

Global equity markets extended their decline on May 9 and the S&P 500 fell to a new 52-week low. Bitcoin (BTC) dropped to a new year-to-date low and most major altcoins extended their decline as they tracked the weakness in the stock markets.

09.05 / 18:27

MARKET stocks inflation Terra Bitcoin analysts Bitcoin Slides Below USD 33K, Analysts Look for Possible Bottom

Bitcoin (BTC) crashed to its lowest level since last summer as the number one cryptocurrency hit the USD 32,000 level. The Monday crash came as the broader crypto market sold off over the weekend, led by falling stock prices and fears that terraUSD (UST) could lose its dollar peg. Meanwhile, several analysts pointed to possible bottoms in the sub-30k area.

09.05 / 15:19

Stablecoin lending Terra Bitcoin Luna Foundation Loans Out BTC to Defend Bitcoin Peg, Faces Community Backlash

The Luna Foundation Guard (LFG), the entity tasked with holding bitcoin (BTC) as part of the reserves backing the TerraUSD (UST) stablecoin, has loaned out USD 750m worth of BTC to a trading firm “to help protect the UST peg.” Confronted with what this really means, Terra (LUNA) founder Do Kwon claimed that the LFG is not seeking to exit its BTC position.

09.05 / 11:01

Blockchain Stablecoin Terra Usd Terra Bitcoin reserves LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves

Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion worth of capital to “help protect” Terra USD’s peg to the U.S. dollar.

08.05 / 15:59

markets Stablecoin supply Burn LUNA drops 20% in a day as whale dumps Terra's UST stablecoin — selloff risks ahead?

Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST).

07.05 / 05:29

UPS Digital Bitcoin Luna Terra: From UST to TVL, all the reasons why LUNA might be gearing up for a rally

Terra (LUNA) has extended its Bitcoin buying spree, becoming the second-largest corporate holder of the top cryptocurrency. As per this acquisition, the Luna Foundation Guard (LFG) purchased $1.5 billion worth of BTC as per the official annoucement. It did so via an over-the-counter deal with full-service digital currency prime broker Genesis and crypto trading firm Three Arrows Capital.

06.05 / 14:45

Ethereum Federal Reserve Genesis Trading Bitcoin Bitcoin Extends Sell-Off Despite Luna Buying, Strong On-Chain Data

Bitcoin (BTC) and other major cryptoassets fell sharply over the past day, as stock markets around the world reversed earlier gains to losses after the US Federal Reserve (Fed) raised rates by 50 basis points. The sharp fall came despite massive bitcoin buying by Luna Foundation Guard (LFG).

05.05 / 17:13

NFT defi solana Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report

Solana (SOL) and Moonbirds came to the rescue of the bearish nonfungible token market after a six-week cooldown phase.

05.05 / 01:37

markets Stablecoin defi avalanche recovery 3 key metrics signal Terra (LUNA) price is preparing for a recovery

Terra (LUNA) price lost 31% over the past four weeks, erasing all of the gains accrued year-to-date and even though the token continues to outperform the broader cryptocurrency market by 20%, Terra is struggling to hold above the $85 support.

03.05 / 22:39

UPS Provident Progressive Luna Do LUNA HODLers have a reason to smile with new ‘Expedition’

Inspired by Pokémon GO, Expedition is Terra based Play-to-Earn Augmented Reality (AR) game that recorded 65,000 waitlist signups on the 27 April being its first day. While leveraging the AR technology, the game allows its players to earn $LUNA.

29.04 / 19:43

Ethereum Adoption Gaming avalanche Low DeFi Transactions at One-Year Low, NFTs and Games Standing Strong

Transactions related to decentralized finance (DeFi) applications have hit a one-year low, with DeFi being the niche within crypto that is most affected by this year’s downturn in crypto prices, a new report from the decentralized application tracking site DappRadar has said.

27.04 / 10:35

UPS Santiment Luna Terra [LUNA] to $100 – Why the last few $ won’t be easy going

At press time, Terra [LUNA] was the seventh-largest crypto by market cap. It was trading at $96.37, after rising by 8.86% in 24 hours and rallying by 6.28% over the past week. Why should this mean anything special to investors? Well, $96 is not too far from $100, which is an important psychological price.

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