Terra 2.0 Price Falls By 70% To A Record Low
The tank in Terra 2.0 comes as a result of the revival plan’s inability to attract investors and a drop in the crypto market. The price of Terra 2.0 (LUNA) fell to an all-time low of $3.34 on Wednesday, a drop of nearly 70% in a week. Market pressure, ongoing investigations into Terraform Labs and […]
TRON Adds $100 Million Bitcoin, TRX To Strengthen Its Stablecoin Reserve
Justin Sun, the founder of Tron, announced on Tuesday that the TRON DAO Reserve had sent Tether (USDT) worth $100 million to Binance to purchase more BTC and TRX as a reserve. The TRON DAO Reserve continues to buy BTC and TRX to keep its USDD algorithmic stablecoin stable despite market volatility. The transaction led […]
Here’s Why Cardano (ADA) Will Continue Bullish Run After Surging 14%
Cardano’s (ADA) witnessed a prolonged rally after a surge in NFT trading on the blockchain and positive crypto sentiment prompted further ADA purchases. ADA has increased by 14% in the last 24 hours to $0.624, taking its weekly gains to approximately 22%. The token has outperformed its major crypto peers in the past week amid […]
Terra Whales Dumps Position To Retail Holders Amid Crash – Jump Reports
A report has revealed that several major Terra investors withdrew their holdings while retail investors continued to accumulate amid the crash. Some of the blockchain’s largest holders liquidated their holdings just as the UST stablecoin began to depeg in early May. Jump Capital – a major Terra investor reported . On the other hand, smaller […]
Here’s Why Ethereum Founder Supports Non-Token Governance For Optimism (OP)
Vitalik Buterin, the founder of Ethereum, has backed a proposal to change the use of OP tokens from a governance token to a major network token for gas payments. Buterin said in his recent tweets: “This is a great example of why I’m so proud of @optimismPBC for adding non-token governance (the Citizen House). Optimism explicitly has […]