‘Kwontitative easing’ — BTC price hits $43K in UST as Terra empties $2.2B Bitcoin bag
A frantic effort to rescue UST continues as Bitcoin weathers the storm to receive a $35,000 target next. Go to Source Powered by WPeMatico
Bookmarking Crypto Insights
Auto Added by WPeMatico
A frantic effort to rescue UST continues as Bitcoin weathers the storm to receive a $35,000 target next. Go to Source Powered by WPeMatico
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.932008 per token. Additionally, the Luna Foundation Guard’s bitcoin wallet and ethereum Gnosis safe address has been emptied. LUNA Price Puts Intense … Read more
LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST. Go to Source Powered by WPeMatico
Excessive Terra supply coupled with UST supply contraction coincides with LUNA’s price decline. Go to Source Powered by WPeMatico
Doom and gloom continues for Bitcoin markets as Terra’s Do Kwon brushes aside a “deliberate and coordinated” attack on its TerraUSD and LUNA tokens. Go to Source Powered by WPeMatico
Despite Terra buying $1.5 billion worth of BTC this week, LUNA slipped to a six-week low to start the weekend. Overall, crypto markets remained in the red, however ALGO was one of the rare exceptions to record significant gains. Algorand (ALGO) ALGO was easily one of the biggest gainers during Saturday’s session, as prices rose … Read more
The total value locked inside the Anchor Protocol’s liquidity pools reached an all-time high earlier this week. Go to Source Powered by WPeMatico
Nearly $170 million left Ethereum-based investment funds in 2022, signaling a drop in institutional demand. Go to Source Powered by WPeMatico
MATIC fell to its long-term support level on Saturday, following a surge in price during Friday’s session. This came as both RUNE and LUNA also dropped, and traded by as much as 5% lower to start the weekend. Polygon (MATIC) During what has been a bearish start to the weekend, MATIC was one of the … Read more
While the total value locked (TVL) in decentralized finance (defi) hovers just above the $214 billion mark, a defi protocol called Lido has been moving closer toward taking Curve’s top spot in terms of TVL in a defi protocol. Currently, the liquid staking solution Lido has $19.2 billion in staking assets derived from five different … Read more