Do Kwon News

13.05 / 21:11

Blockchain Stablecoin Tokens Terraform Labs Terra Breaking: Do Kwon proposes Terra revival, including token redistribution plan

Terraform Labs co-founder Do Kwon has tabled a proposal to preserve the Terra ecosystem following the historic de-pegging of its algorithmic stablecoin, UST, and the resulting death spiral that plunged LUNA tokens to practically zero.

13.05 / 14:49

business Blockchain Stablecoin Investments Rescue Swiss bail asset manager No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks

GAM Investments has quashed fake news reports that surfaced on Friday that claimed the Swiss asset manager would invest some $3 billion to aid in the recovery of the Terra ecosystem, including LUNA and TrueUSD (UST) stablecoin.

13.05 / 13:05

business Blockchain Stablecoin Binance Terra Usd Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain

Global cryptocurrency exchange Binance has suspended trading pairs with Terra ecosystem's cryptocurrencies, LUNA and TerraUSD (UST), on its platform following the major crash of the algorithmic stablecoin.

13.05 / 10:39

Altcoins Legal Terra It's Getting Personal - 'Broke' LUNA Investor Comes to Do Kwon’s House, Plans to Surrender to Police

A furious terra (LUNA) investor appears to have come knocking at the door of the Terra mastermind Do Kwon (also known as Kwon Do-hyeong) looking for answers after the token spectacularly collapsed. South Korean police are hunting for an unidentified person who reportedly broke into the apartment complex in which Kwon resides and rang the doorbell – but a social media star says it was him.

12.05 / 20:13

Blockchain Stablecoin Altcoin Terra Luna Terraform Labs Terra 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.

12.05 / 17:55

Stablecoin MARKET MakerDAO DAI Weekly UST Competitor Maker Erases Weekly Gains

The price of the stablecoin protocol Maker’s governance token MKR has erased all of its gains from this week, after spiking up by close to 90% on Wednesday.

12.05 / 13:03

Blockchain Lowe's Luna Drop Terra Erases 12 Months Bullish Gains with 94% Drop in Value

The Terra community is almost in disarray as the ecosystem’s two flagship tokens, including LUNA and UST are on a freefall amid the most bearish sentiment the blockchain protocol has ever seen.

12.05 / 12:01

cryptocurrency Lowe's TerraUSD Luna recovery Stablecoin TerraUSD Announces Recovery Plan After Sharp Plunge

TerraUSD, also known as 'UST', slipped below its 1:1 peg to the dollar this week.

11.05 / 22:17

Stablecoin Altcoin Terraform Labs Terra Bitcoin Why did Terra LUNA and UST crash? | Find out on The Market Report

Cryptocurrency investors never thought they’d have to ask which one of TerraUSD (UST) or LUNA would reach $1 first. On May 11, that question became the talk of the crypto-sphere as the Terra ecosystem imploded.

11.05 / 20:19

markets Bitcoin Cash Crypto Ed Bitcoin Bitcoin Price Low Bitcoin price reclaims $30K as Bitcoin Cash hits fresh record low against BTC

Bitcoin (BTC) bounced back from ten-month lows on May 11 as the start of Wall Street trading gave bulls some relief.

11.05 / 19:51

business Stablecoin network market volatility Celsius Network execs deny rumors of significant losses amid market volatility

The fallout from extreme volatility in the crypto market hasn’t significantly affected Celsius Network, according to its leadership.

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 / 16:33

markets inflation Bitcoin Bitcoin Price US CPI 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.

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 / 12:25

markets Stablecoin Bitcoin Bitcoin Price Terra ‘rescue plan’ still at large as LUNA falls below $5, Bitcoin spikes to '$138K' in UST

Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its bleeding cryptoassets.

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 / 10:49

markets Stablecoin Bitcoin Bitcoin Price 'Kwontitative easing' — BTC price hits $43K in UST as Terra empties $2.2B Bitcoin bag

Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued.

10.05 / 06:15

cryptocurrency Digital Bitcoin Time Bitcoin Plunges Below $30,000 For First Time Since July 2021

Bitcoin fell as much as 3.1% to $29,992 in Asian trading.

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.

07.05 / 17:55

markets Terra Bitcoin Bitcoin Price Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders

Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend.

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