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Bitcoin (BTC) bulls demanded a rematch of $30,000 later on May 12 as the market recovered from its lowest levels since late 2020.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDXY looms large as BTC recoversData from Cointelegraph Markets Pro and TradingView showed BTC/USD trading above $29,500, holding higher after the Wall Street
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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. Terraform Labs' official Twitter handle confirmed that the blockchain network was halted at a block height of 7,603,700. The move
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In its recent management discussion and analysis filing for the quarter ending March 31, Galaxy said the largest contributor in the quarter to its $355 million in net realized gains on its digital assets came from sales of LUNA. Galaxy had previously said in its fourth-quarter earnings release that it
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Timeline of the Collapse: -In the early morning of May 8, to prepare for the 4Crv Pool, Luna Foundation Guard (LFG), a Singapore-based non-profit that maintains the Terra network, removed $150 million worth of UST from the UST-3Crv Pool. At this time, the TVL of the pool was around $700 million.
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Amid collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues deactivating related trading services.Binance’s derivatives arm Binance Futures has delisted coin-margined LUNA perpetual contracts, the firm officially announced on May 12.“Users are advised to close any open positions prior to the delisting time to avoid automatic
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The price of LUNA tokens slid 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the value of UST. Original Source
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Bitcoin (BTC) and other cryptos declined on Wednesday amid stress in stablecoins. LUNA plunged by 96% and Solana's SOL token saw a 30% dip. Option traders are seeking downside protection. Source
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One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday. Original Source
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Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its bleeding crypto assets.Data from Cointelegraph Markets Pro and TradingView showed both the firm’s in-house token, Terra (LUNA) and stablecoin, TerraUSD (UST) seeing fresh heavy losses on the day.A dubious new
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