Tag: Terra

LUNA, the collapsed token of the Terra ecosystem, saw a price spike Friday morning. With more than tripled in price, its market cap jumped 210% within 24 hours. Spike could be tied to the ATOM ecosystem pump earlier, The Block’s researcher suggests. LUNA, a governance token of the recently collapsed Terra ecosystem, has more than…

Around 50 projects built on Terra, including the NFT marketplace OnePlanet and metaverse game Derby Stars, have begun migrating to Polygon, while more are on the way. Recent Terra’s collapse wiped out billions of dollars in value. It also left dozens of projects homeless. “We will be putting capital and resources against these migrations to…

The US Securities and Exchange Commission (SEC) is looking into the collapse of the TerraUSD stablecoin and whether its marketing violated federal investor-protection regulations. The lawyers for the SEC are seeing whether Terraform Labs, which is behind the coin, broke the rules for securities and investment products. According to a Bloomberg source, the regulator’s enforcement…

Investors poured a record amount of $299 million into crypto assets last week, even as the collapse in TerraUSD spurred a broader market sell-off. According to Coinshares, it’s a signal that they saw the market turmoil “as a buying opportunity.” Leading cryptocurrency Bitcoin was the biggest winner, logging $299 million in weekly inflows, CoinShares said…

One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday – Sam Kessler and Sage D. Young analyzing on CoinDesk. The Terra money machine collapsed almost entirely Wednesday. The UST stablecoin remains deep in the sub-dollar doldrums for the third day running, and LUNA,…

Tether (USDT), the world’s largest stablecoin, regained its peg to the US dollar on Friday after more than $3 billion worth of tokens left the system in a single day. On May 12, the stablecoin sunk as low as 95 cents and struggled to climb back to its intended dollar peg, as the recent collapse…