Do Kwon News

28.03 / 14:41

Stablecoin MARKET Terra Bitcoin Bitcoin Breaks Key Resistance, Crosses USD 47K as Terra Buys More BTC, Liquidations Soar

Bitcoin (BTC) broke through a key resistance level and reached a price well above USD 47,000 overnight. The gain was supported by Terra (LUNA)'s continued buying of BTC and by high liquidations of leveraged short positions.

24.03 / 22:21

markets Ethereum regulation inflation Terra’s Bitcoin purchase and BlackRock comments back ETH’s surge to $3.1K

Ether (ETH) bulls have a few good reasons to celebrate the 20% gain between March 14 and March 24. The price increase surprised many and led to the first daily close above $3,000 in 34 days.

24.03 / 12:13

markets Stablecoin Bitcoin BTC price almost clears $43.5K with Terra $125M Bitcoin buy-ins gathering pace

Bitcoin (BTC) returned to $43,000 on March 24 as new purchases by Blockchain protocol Terra fuelled optimism.

23.03 / 17:25

markets Terra Bitcoin Bitcoin Price Terra may be about to repeat $125M BTC buy that sparked Bitcoin's run to $43.3K

Bitcoin (BTC) could be set for a repeat of this week's run to weekly highs after Blockchain protocol Terra appeared set to buy another $125 million of BTC.

23.03 / 12:51

markets ECB Bitcoin Bitcoin Price Weekly Bitcoin dips 3.6% from weekly highs — What are the key BTC price levels to watch?

Bitcoin (BTC) threatened a significant retracement overnight into March 23 as weekly highs saw their first test.

23.03 / 03:51

markets Derivatives Bitcoin Options Bitcoin Support NOT $43K BTC flipping support? Not anytime soon, according to derivative metrics

Bitcoin (BTC) showed strength on March 22, posting a 5% gain and testing the $43,000 resistance. The move liquidated over $150 million worth of leverage short positions, those betting on a declining price using futures contracts.

22.03 / 17:15

markets Stablecoin Bitcoin Bitcoin Price open Bitcoin hovers at $43K on Wall Street open amid growing fever over Terra's $3B BTC buy-in

Bitcoin (BTC) showed signs of wanting higher levels still on March 22 as Wall Street Trading saw a return above $43,000.

18.03 / 18:51

Ethereum XRP Cardano Bitcoin Price analysis 3/18: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Bitcoin (BTC) is facing a challenging environment in 2022 due to the surging inflation and geopolitical turmoil. Although gold has outperformed Bitcoin year-to-date, Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin could make a strong comeback. McGlone expects the current circumstances to “mark another milestone in Bitcoin’s maturation.”

12.03 / 01:57

business Blockchain Stablecoin defi donates reserves Terraform Labs donates $1.1B for Luna Foundation Guard's reserves

On Friday, Do Kwon, founder and CEO of Terraform Labs (TFL), which develops the blockchain ecosystem consisting of Terra Luna (LUNA) and the TerraUSD stablecoin (UST), announced that TFL had donated 12 million LUNA ($1.1 billion at the time of publication) to the Luna Foundation Guard (LFG). LFG launched in January to grow the Terra ecosystem and improve the sustainability of its stablecoins. Kwon noted the funds, denominated in LUNA, will be burned to mint UST to grow the LFG's reserves:

04.03 / 15:43

cryptocurrency Terra Luna Terra crypto volatility Terra Luna Doubles In Past One Month, Despite Increasing Crypto Volatility

Terra Luna doubles in the past one month, despite increasing crypto volatility.

18.02 / 19:51

business Technology Stablecoin Interest rates Terra Usd Reserve Terra injects 450M UST into Anchor reserve days before protocol depletion

In a tweet published early Friday, Do Kwon, founder of Terraform Labs, the entity developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced the injection of 450 million UST ($450 million) into the Anchor protocol's reserves. The proposal passed a vote by the Luna Foundation Guard on Feb.10. Anchor serves as the flagship savings protocol of the Terra ecosystem, offering users of up to 20% interest per annum on their UST deposits, paid for by borrowers.

10.02 / 08:35

business BitStamp eSports Terra Terra sponsors Washington Nationals, Bitstamp backs Immortals esports

Sports and esports fans will soon see more crypto ads during games as Terra has partnered up with the Washington Nationals MLB team and crypto exchange Bitstamp is now partnered with esports organization Immortals.

01.02 / 14:55

Stablecoin MARKET Investing Luna Jumps as Terra Asks USD 38M From Community to Fund an Undisclosed Sports Partnership

Terra co-founder Do Kwon has requested TerraUSD (UST) 40m from the community, a decentralized stablecoin running on Ethereum (ETH), in order to fund a Terra Brand partnership with an undisclosed sports franchise describes as "one of the four major American professional sports leagues" – seeing Terra's native coin LUNA jump today.

27.01 / 18:47

Blockchain Altcoin Cointelegraph Consulting Terraform Labs Cointelegraph Consulting: The bigger role of LUNA in Terra

In an interview, Do Kwon, co-founder and CEO of Terraform Labs, said that Terra’s ecosystem was built with several use cases such as savings, payments, investments and others that leverage its stablecoin assets. The previous Market Insights newsletter tackled Terra’s ecosystem growth in 2021 and how it got to hundreds of decentralized applications from just two at the beginning of last year.

20.01 / 17:04

Blockchain Technology Adoption defi Stader Labs announce $12.5 million strategic raise, receives praise from Terra founder Do Kwon

On Thursday, Stader Labs, a crypto firm building decentralized finance, or DeFi, products for proof-of-stake blockchain networks, announced that it raised $12.5 million in a private sale. The funding round was led by Three Arrows Capital with additional participation from Blockchain.com, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment, and anger investors. This puts Staber Labs at a valuation of $450 million.

07.01 / 04:17

Stablecoin Adoption defi Decentralization $139M Terra proposal to ‘bring awesome UST use-cases’ to DeFi projects

Decentralized stablecoin issuer Terra issued an ambitious proposal to expand the interchain deployment of its UST stablecoin across five projects on Ethereum, Polygon, and Solana.

31.10 / 10:19

Blockchain Target SEC CEO SEC targeting ‘legitimized crypto institutions’ for ‘publicity,’ Terraform CEO retorts

In an unprecedented move, major cryptocurrency company, Terraform Labs and its co-founder Do Kwon sued the SEC as per recent court filings. The co-founder was issued with a subpoena by the U.S. Securities and Exchange Commission (SEC) during a blockchain event last month.

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