April 30th, 2025
Luna Classic News - Page 6
Binance Delists LUNA and UST Trading Pairs amidst Unprecedented Meltdown
By Godfrey Benjamin
May 13th, 2022
Binance became the largest cryptocurrency exchange due in part to its high trading volume, and the delisting of LUNA may be a move that may be considered by other prominent trading platforms.
Bitcoin Price Drops to 16-Month Low as Bearish Sentiments Engulf Market
By Godfrey Benjamin
May 12th, 2022
The losses that are being recorded in the price of Bitcoin are being modeled by other altcoins as many slumped to levels that are yet to be seen in months.
USDT, BUSD Maintain Dollar Parity as UST Slip Continues
By Babafemi Adebajo
May 12th, 2022
USDT slipped to $0.96 on FTX but remained at $0.998 on Bitfinex.
Terra Announces Rescue Plan for UST and Luna
By Tolu Ajiboye
May 12th, 2022
Do Kwon’s UST and Luna rescue plan requires the absorption of both assets before their exit before the dollar parity process begins.
LUNA on Free Fall as Terra Co-founder Do Kwon Failed to Produce Recovery Plan
By Oluwapelumi Adejumo
May 11th, 2022
UST’s decline has prompted calls from the US government on the stablecoin regulation.
Controversial Dollar-Pegged Stablecoin UST Crashes 60% to 35 Cents
By Tolu Ajiboye
May 11th, 2022
Dollar stablecoin UST plunged substantially on Wednesday to below 40 cents, as its sister token Luna also sank 80% to $5.
$800 Billion Wiped Out of Crypto Market in Just Over One Month
By Bhushan Akolkar
May 11th, 2022
There’s a bloodbath all across the crypto market with the broader crypto market losing 33% valuation in just over the matter of a month.
Terra’s LUNA Tanks 15% after Native Stablecoin UST Loses Peg
By Bhushan Akolkar
May 9th, 2022
As per the report, a single whale served millions of UST on Binance and Curve. The Luna Foundation Guard has now initiated some corrective measures for the same.
Luna Foundation Buys Additional Bitcoins Worth $1.5B as UST Stablecoin Reserves
By Bhushan Akolkar
May 6th, 2022
The Luna Foundation Guard completed a $1 billion OTC swap with crypto prime broker Genesis Global Trading and the remaining $500 million worth of Bitcoins from crypto hedge fund Three Arrows Capital.
Bitcoin, Ethereum and Luna Sheds Gains Over the Weekend
By Oluwapelumi Adejumo
April 11th, 2022
A look at the price performance of the other top digital assets would show that Bitcoin is not the only one that witnessed a red weekend.
Terra on Bitcoin Buying Spree: Scoops Additional $176M Worth BTC
By Bhushan Akolkar
April 11th, 2022
Terra has accumulated a total of 39,897.98 Bitcoin worth $1.7 billion over the last month as part of its strategy to build a $10 billion BTC reserve for its UST stablecoin.
Luna Foundation Guard to Buy $100 Million in AVAX for Stablecoin Reserves
By John K. Kumi
April 8th, 2022
This initiative means that users will be able to directly trade UST against the Avalanche tokens on the Avalanche blockchain.
NFT Sales Volume Tops $17 Billion in 2021
By Godfrey Benjamin
March 10th, 2022
According to the report from Nonfungible.com, more than 2.5 million people own wallets with an NFT inside in 2021.
Bitcoin (BTC) Pumps for Short Time as Biden Signs Executive Order on Crypto
By Bhushan Akolkar
March 10th, 2022
The crypto market gives a thumbs up to Biden’s crypto executive order which sets to bring clear regulations in place. This is likely to boost institutional participation in the crypto space.
Terra (LUNA) Flips Ethereum in Staking Volume
By Oluwapelumi Adejumo
March 2nd, 2022
LUNA has not only done well in staking, it has also enjoyed some massive uptrend in the last few weeks ending February.