Luna, the cryptocurrency associated with TerraUSD, or UST, is now worth $0 as the stablecoin has dramatically lost its $1 peg.
staged a rebound on Friday, jumping above $30,000 despite the ongoing woes of stablecoin TerraUSD which has caused panic in the crypto market.
The world's largest cryptocurrency bitcoin was trading at around $30,262.85 at 4 a.m. ET on Friday, according to CoinGecko data, up 8% in the last 24 hours after it dropped to levels not seen since late 2020 earlier this week. Stay informed during the severe weather season with our local news and weather app. Get the NBC 5 Chicago app for
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South Korean Exchanges Warn LUNA Investors as UST Collapse Mirrors TITAN SagaWith LUNA and UST getting crushed in the market, two South Korean exchanges issued warnings to users dealing with the two tokens.
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Do Kwon Reveals Terra's Proposed Rescue Plan to Save LUNA and USTTerra Founder Do Kwon has accepted a community proposal that aims to help UST reach the dollar parity.
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Luna Foundation Guard's Reserve Balance Declines to Zero to Defend UST PegLuna Foundation Guard (LFG) has moved all of its reserves to bitcoin exchanges to defend its UST stablecoin’s 1:1 dollar peg. LFG’s reserve balance has declined from 80,394 BTC to zero, and the majority has been deposited onto the Gemini exchange. 'All About Bitcoin' host Christine Lee breaks down the Chart of the Day.
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