DeFi
NEAR Protocol’s TVL Nearly Halved After Announcing Stablecoin’s Removal
NEAR Foundation to remove USN from the ecosystem to prevent algo stablecoin's depegging due to extreme market conditions.
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Crypto
Jump Trading Hit with $1.3B Lawsuit for Terra Manipulation
Jump Trading accused of buying over 62M UST tokens to inflate its price.
DeFi
S. Korea Makes First Terra-Related Arrest as Some Call for Special Prosecution
South Korean prosecutors arrested Terraform Labs' Head of General Affairs, marking the first arrest of the Terra investigation.
Crypto
South Korean Authorities Freeze Over $39M Worth of Crypto Linked to Do Kwon
South Korean authorities froze an additional $39.6 million worth of crypto tied to Terraform Labs founder Do Kwon, per reports.
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
Why MIM’s Lack of Liquidity Could Possibly Destabilize UST
While MIM's recent low liquidity instance didn't significantly harm UST's dollar peg, it did impact it briefly.