Terra ETPs Suspended By VanEck And 21Shares After Recent Collapse
The suspension of Terra ETPs comes following the collapse of the network which has made its operation inconsistent. Following the recent collapse of the Terra ecosystem, VanEck and 21Shares have decided to halt the creation and redemption of shares in their Terra exchange-traded products (ETPs). The processes will thus be halted by the 21Shares Terra […]
Binance resumes LUNA, UST trading
CZ Binance, founder, and CEO of Binance announced on Twitter, that the temporary suspension of Terra’s Luna and UST trading on the platform has been lifted. Luna may be permitted to trade on Binance again, but there are still concerns about its security and reliability . CZ noted in his tweet announcing the start of […]
Terra founder proposes revival plan for Terra ecosystem
Do Kwon, co-founder of Terraform Labs, has proposed a plan to save the Terra ecosystem following the historic de-pegging of its algorithmic stablecoin, UST, and the crash that drove Terra (LUNA) tokens to near-zero. “The Terra community must reassemble the chain to maintain the community and the developer ecosystem,” Kwon wrote on Terra’s research forum […]
TRX Prices Increase By 7% After Tron Buys It At Discount
TRON leveraged the fall in the price of USDT by 100 million Tether to protect TRX in the volatile market. TRON Founder Justin Sun recently announced a $2 billion reserve to protect its native token TRX in the aftermath of Terra’s historic crash. Every cryptocurrency is attempting to hold its ground amid the current market […]
Maker Token (MKR) Surges 50% As Terra Plummets
Expectations that Maker’s (MKR) price will take over Terra’s domination on DeFi saw the token rising over 50% in the last few hours. The DeFi token, which powers the DAI stablecoin, appears to be benefiting from the fall of Terra’s UST. Due to a more robust risk framework for managing stability, MakerDAO has shown to […]