Terra community proposed rolling back the network before the collapse of the UST stablecoin rate

May 13, 2022

Terra community proposed rolling back the network before the collapse of the UST stablecoin rate

Terraform Labs will also be removed and a new mechanism for the LUNA token will be developed

LUNA’s collapse and bitcoin crash to $26 700. Key events of the week

May 13, 2022

LUNA’s collapse and bitcoin crash to $26 700. Key events of the week

The most important industry news and a detailed analysis of digital assets in the weekly review of Getblock Magazine

Delisting from Binance and issuing 7 trillion tokens. What happened to LUNA overnight

May 13, 2022

Delisting from Binance and issuing 7 trillion tokens. What happened to LUNA overnight

The altcoin’s price has fallen to almost zero, it is trading at $0,00002

​Terra to destroy 1,38 billion tokens to restore the UST stability

May 12, 2022

​Terra to destroy 1,38 billion tokens to restore the UST stability

The company has issued 240 million LUNA to protect the network from attacks

Binance delisted margin LUNA perpetual contracts

May 12, 2022

Binance delisted margin LUNA perpetual contracts

This came after the token rate fell by more than 98%

BlackRock and Citadel Securities denied involvement in the fall of the UST stablecoin

May 12, 2022

BlackRock and Citadel Securities denied involvement in the fall of the UST stablecoin

The statements were made in response to rumors circulating online

Justin Sun announced the risk of the TRX token rate collapse

May 11, 2022

Justin Sun announced the risk of the TRX token rate collapse

TRON will allocate $2 billion to fight traders after the collapse of the LUNA price to protect the token

Bithumb considers delisting the LUNA token

May 11, 2022

Bithumb considers delisting the LUNA token

The exchange argued its decision with strong fluctuations in the asset price

Analyst announced the failure of the Luna Foundation Guard’s plan to raise $1 billion

May 11, 2022

Analyst announced the failure of the Luna Foundation Guard’s plan to raise $1 billion

According to Larry Cermak of The Block, such a deal is not viable

Trader made $760 000 on the UST collapse

May 11, 2022

Trader made $760 000 on the UST collapse

The co-founder of the Canadian exchange QuadrigaCX bought UST for USDT and then exchanged them back during a spike in the exchange rate

UST stablecoin rate dropped to $0,22

May 11, 2022

UST stablecoin rate dropped to $0,22

The LUNA token collapsed by 86% in 24 hours, and its price dropped to $4

Luna Foundation Guard to raise $1 billion to support UST stablecoin

May 11, 2022

Luna Foundation Guard to raise $1 billion to support UST stablecoin

This decision is designed to keep the UST pegged to the US dollar