Report shows seven wallets may have caused Terra crash
According to Nansen’s fresh on-chain study, Terra’s UST depeg may have been launched by seven distinct wallets that sold huge amounts of the coin into relatively illiquid Curve liquidity pools. On May 7, seven main wallets withdrew UST funds from the Anchor protocol on Terra, bridged these assets from Terra to Ethereum via Wormhole, and […]
South Korean Terra Holders Increase After Its Crash – FIU Reports
The FIU report reveals that a large number of Terra holders was significant to the collapse of the ecosystem and which further led to thorough scrutiny of crypto exchanges. The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission revealed on Tuesday that Terra LUNA and UST holders increased significantly after the crash, hoping […]
Disclose Two Sides of Terra on 1xBit
There is an increasing acceptance of cryptocurrencies globally, which favors platforms that adopt such payment methods. 1xBit stands out from the other betting platforms today because it includes cryptocurrencies as a mode of payment. Interestingly, the betting platform recently added Luna and UST as accepted payment methods. 1xBit has always been intentional about diversity, especially […]
Terra’s UST Topples BUSD To Become Third-Largest Stablecoin
Although the UST market cap has increased to flip BUSD, its trading volumes are still only about one-fifth the value of the Binance digital dollar. Terra USD (UST), the algorithmic stablecoin on the Terra (LUNA) blockchain, has surpassed Binance USD (BUSD) to become the market’s third-largest stablecoin. UST is a stablecoin pegged to the US […]
TerraUSD (UST) staking program goes live on Binance
Terra Luna Foundation Guard (LFG) purchased 5,040 BTC ($222 million) earlier today, now Terra’s stablecoin -TerraUSD (UST) staking program will be available to more than 30 million users on Binance. Binance, a centralized cryptocurrency exchange, announced a new TerraUSD (UST) staking program on Wednesday. Although Binance did not disclose the underlying decentralized finance protocol responsible […]