Crypto
SEC Sues Do Kwon and TFL for Crypto Fraud, 9 Months After $40B Collapse
SEC Director of Enforcement Gurbir Grewal claimed that the Terra ecosystem was neither decentralized, nor finance.
Total Stories
14
News
TerraUSD (UST)
Section
TerraUSD (UST)
Crypto
Jump Trading Hit with $1.3B Lawsuit for Terra Manipulation
Jump Trading accused of buying over 62M UST tokens to inflate its price.
Crypto
Short Sellers Unwind USDT Positions: On-Chain Data Reveals
Two months after decoupling from the dollar following the collapse of the Terra UST, Tether finally regains its peg forcing hedge funds to close their short…
Crypto
South Korean Crypto Exchanges Raided in Connection with Luna’s Crash
South Korean prosecutors raided local crypto exchanges on Wednesday as a part of the recently opened investigation into Terraform Labs following LUNA's crash.
Crypto
Tether Retains Dollar Peg Despite $10B in Redemptions: Still Top Stablecoin
In its most recent reserves report, Tether pledged to further reduce commercial paper as part of its reserves.
Crypto
South Korean Exchanges in Talks with Government as Luna Investigation Continues
Local crypto exchanges may be held liable by South Korean regulators for failing to protect investors from Terra's collapse.
Policy
South Korea Launches Probe After Terra’s Collapse; CEO Summoned
Terra’s demise spurs South Korean financial regulators to launch emergency inspections of domestic cryptocurrency exchanges.
Crypto
Whales Accumulate as BTC Down for 7 Consecutive Weeks: LFG Sells at Loss
Digital asset inflows for BTC reached a record $299 million last week.
Crypto
Crypto.com Reverses LUNA Trades After Displaying Wrong Price
CRO briefly misreported Luna's price and reversed trades on both buy and sell side.
Crypto
LUNA Falls Below $1 After Do Kwon Endorses Proposal to Save UST
Do Kwon endorsed a community proposal that would increase minting capacity in an effort to “absorb the UST more quickly.”
Crypto
LUNA Drops ~50% in a Day as UST Peg Fails
Decentralized stablecoin UST lost its dollar peg, dropping to as low as $0.6841. Meanwhile, its sister token Luna dropped by around 50%.
Crypto
67% of UST’s Demand Comes from Anchor Protocol: Stablecoin Now 3rd Largest
Over 67% of UST tokens are locked on Anchor because of its generous APY, but analysts claim this is not sustainable.
Crypto
How Terra’s $125M BTC Buy Validates the Bitcoin Standard
Terra's use of BTC as a collateral for its stablecoin furthers the idea of it being a modern, digital, and decentralized gold.