‘Kwontitative easing’ — BTC price hits $43K in UST as Terra empties $2.2B Bitcoin bag
A frantic effort to rescue UST continues as Bitcoin weathers the storm to receive a $35,000 target next. Go to Source Powered by WPeMatico
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42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply. Go to Source Powered by WPeMatico
Price analysis 5/9: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, DOGE, AVAX, DOT
BTC and many altcoins are fast approaching the “capitulation phase”, which is typically followed by the market finding a bottom. Go to Source Powered by WPeMatico
Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great deal of speculation concerning UST losing … Read more
LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST. Go to Source Powered by WPeMatico
Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last seven days. Defi Protocols Shed Considerable Value Decentralized finance (defi) … Read more
LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?
Excessive Terra supply coupled with UST supply contraction coincides with LUNA’s price decline. Go to Source Powered by WPeMatico
Bitcoin price target now $29K, trader warns after Terra weathers $285M ‘FUD’ attack
Doom and gloom continues for Bitcoin markets as Terra’s Do Kwon brushes aside a “deliberate and coordinated” attack on its TerraUSD and LUNA tokens. Go to Source Powered by WPeMatico
Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY
Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holding steady with a 19.4% annual percentage yield (APY) since the project started, Anchor Protocol’s earn rate is now roughly 18% APY for … Read more
Anchor Protocol rebounds sharply after falling 70% in just two months — what’s next for ANC?
The total value locked inside the Anchor Protocol’s liquidity pools reached an all-time high earlier this week. Go to Source Powered by WPeMatico
