Tag: Terra

Stablecoin TerraUSD (UST) has lost its dollar peg, falling to as low as $0.65 on Monday. Meantime, the price of LUNA, its sister token, has dropped over 44% to $35 in the past 24 hours. The accident comes after the Luna Foundation Guard (LFG) announced that its massive Bitcoin reserves will be used to defend…

The Luna Foundation Guard, a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced that it would buy $200 million worth of AVAX tokens from the Avalanche Foundation to augment its UST reserves. This strategic move pushes forward Terra’s cross-chain development and diversification. The Luna Foundation Guard (LFG) and Terraform Labs (TFL), the two…

Luna has purchased more than 11,700 Bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean exactly? — analyses Namcios on Bitcoin Magazine. Luna Foundation Guard (LFG) has bought over 11,700 BTC worth roughly $520 million so far this week to build a Bitcoin reserve to support…

Terra, the fast-growing DeFi tool kit built on Cosmos, is now officially the second-largest ecosystem in decentralized finance after the latest rise in the price of LUNA, Terra’s native token. According to DeFi Llama, Terra currently boasts total value locked (TVL) of over $23 billion, marking an all-time high in US dollar terms. This is…

Everyone’s a genius trader during bull markets, but there are also ways to generate profits during bear trends. How to capitalize on liquidations, writes Elaine Hu on Cointelegraph. The first week of the new year saw a vicious pullback across all cryptocurrencies in the market. Ether (ETH) price dropped from its November peak at $4,800…

LUNA, the native token of DeFi network Terra, surged to over $100 on Friday to lead a “Santa rally” in crypto markets. Total value locked in Terra has upped 55% over the past week, with a spike in on-chain activity. Some experts suggest DeFi applications like Anchor allure investors to Terra. Traders took advance of…