Analysis
Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg
Do Kwon, the co-founder of Terra, has said that the move is not an attempt to sell its Bitcoin holdings.
Oluwapelumi Adejumo 3 min read
LUNC
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Tracking Terra’s collapse, ongoing legal fallout, and its impact on the broader digital asset landscape.
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Stablecoins
Terra’s UST drops 850 basis points against the dollar, loses peg
Exchanges halt withdrawals of UST as volatility continues. A sustained de-pegging event is now a concern
Analysis
TerraUSD dollar peg rocked by weekend dump, LUNA drops 20%
Crypto Twitter is divided on claims that an attack through massive sell orders attempted to bring down the Terra ecosystem.
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Luna Foundation Guard becomes top 10 Bitcoin holder
LFG continues its path to $10B in Bitcoin and is now spending UST in order to make the purchases
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Stablecoins
After UST’s success, a new race for L1 stablecoins is here
The algorithmic stablecoin TerraUSD (UST) has proven to be wildly successful, becoming the third largest in the market. This has changed the playing filed for all.
Taxes
Crypto tax calculator Koinly integrates with Terra LUNA
Koinly integrates Terra to provide easier reporting of cryptocurrency Luna, adding it’s long list of cryptocurrencies.
Stablecoins
Terra’s UST is now the third most valuable stablecoin
Terra’s UST trading volume pales significantly against its other rivals in the space.
Adoption
Do Kwon’s Luna Foundation Guard becomes top 20 hodler of Bitcoin
Do Kwon's Luna Foundation Guard purchased a further $176 million worth of Bitcoin on April 10 for its UST reserves.
People
Several Crypto Twitter analysts create LUNA “exposes,” Do Kwon responds
The tweets proceed to question whether LUNA is truly decentralized and if it is too reliant on Anchor Protocol.
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Price Watch
Bitcoin dips below $43k – UST backing not enough as Fed turns hawkish
Crypto
Terra expands reserve for UST beyond Bitcoin, buys $100 million Avalanche
Partnerships
Terra teams up with LongHashX to offer Web3 startups up to $500,000 in funding
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