Terra LUNA hits new all-time high after 100% rebound from 2022 lows — Correction ahead?
LUNA price chart technicals are hinting at a possible 50% price drop in the coming weeks, however. Go to Source Powered by WPeMatico
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Luna Foundation’s Bitcoin Reserve Wallet Now Holds $1.1 Billion in BTC
During the last week, the cryptocurrency community has been discussing the bitcoin purchases made by Luna Foundation Guard (LFG), as onchain data shows LFG’s bitcoin wallet currently holds 24,954.95 bitcoin worth $1.1 billion. LFG’s Gnosis safe address shows over the last four days, there’s been 660.6 million tethers sent out of the foundation’s wallet. Do … Read more
Onchain Data Shows Terra’s Luna Foundation Continues to Stack Bitcoin
This week there’s been a lot of talk about Terra’s Luna Foundation purchasing bitcoin to hold in its reserves pool. Onchain data shows the organization’s wallet has transferred at least three tranches of tether worth $125 million each. Furthermore, reports show that the Luna Foundation has confirmed the recent bitcoin purchases. Onchain Data Indicates Terra’s … Read more
BTC price almost clears $43.5K with Terra $125M Bitcoin buy-ins gathering pace
A third tranche of USDT leaves a wallet thought to hold funds earmarked to purchase at least $3 billion of Bitcoin. Go to Source Powered by WPeMatico
Terra’s Founder Do Kwon ‘Looks Forward to Building With Bitcoin’ — Project Reportedly Acquires $125M in BTC
Just recently, Terra founder Do Kwon hinted at purchasing $3 billion in bitcoin to bolster the protocol’s reserves and according to a number of reports and blockchain analysis, Terra purchased $125 million worth of bitcoin on March 21. The following day, bitcoin’s fiat value jumped to a high of $43,079 per unit and there’s been … Read more
Bitcoin hovers at $43K on Wall Street open amid growing fever over Terra’s $3B BTC buy-in
A major new BTC acquisition for Terra’s new U.S. dollar stablecoin is getting commentators and the market excited. Go to Source Powered by WPeMatico
Terra Founder Hints at $3 Billion BTC Purchase, Explains New Bitcoin-Linked Tokenomics
Terra founder Do Kwon hinted at a future purchase of $3 billion worth of bitcoin to supply the reserves of the protocol in a recent Twitter Space shared with bitcoin enthusiast Udi Wertheimer. In the same Space, Do Kwon explained the new mechanics that the Terra ecosystem is introducing in order to use bitcoin as … Read more
‘We’re already buying’: Terra founder plans to obtain $10B BTC for reserves
Kwon also bullishly emphasized that its stablecoin TerraUSD (UST) backed by $10 billion-plus in BTC reserves will “open a new monetary era of the Bitcoin standard.” Go to Source Powered by WPeMatico
THORChain quietly outperforms crypto market in Q1 — Can RUNE price break $10 next?
THORChain reveals plans to launch Terra’s UST-like native stablecoin and “Thorfi.” Go to Source Powered by WPeMatico
Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days
During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the two biggest gainers in terms of 30-day issuance include Terra’s UST jumping 29.9% and Neutrino Protocol’s USDN spiking 43.8%. Stablecoin Market Capitalization Continues to Swell, … Read more
