Binance Delists LUNA and UST Amid Terra Ecosystem Death Spiral

On May 13, Binance, the world's largest crypto exchange by volume, posted a notice of removal of some margin and spot trading pairs for LUNA and UST. The post Binance Delists LUNA and UST Amid Terra Ecosystem Death Spiral appeared first on BeInCrypto.

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Terraform Labs, the company which supports the Terra ecosystem, briefly halted the Terra blockchain for two hours on Thursday after a dramatic slump in LUNA and UST, before restarting later.

One of the world's largest cryptocurrency exchanges Binance has recently decided that it will move ahead with the decision of deleting Terra's native crypto LUNA and the UST stablecoin. The announcement reads: Binance will remove and cease trading, close users' positions, conduct an automatic settlement and cancel all pending orders on the following margin trading The post Crypto Exchange Binance Decides to Delist Terra LUNA and UST Stablecoin appeared first on CoinGape.

As the native token of Terraform labs Terra(LUNA) dropped by 100%, losing 100% of its value, many exchanges came forward to halt the trade. In a recent update, the largest cryptocurrency exchange Binance announced the delisting of the LUNA Perpetual Contract to protect the traders.  As mentioned previously, Binance Futures will conduct an automatic settlement …

The meltdown of Terra in the last few days resulted in a brief halt in Terra blockchain for close to two hours on Thursday. Terra's validators have decided to halt the blockchain to prevent governance attacks following severe LUNA inflation and a significantly reduced cost of attack.

With its native token LUNA and stablecoin UST in freefall, Terra has halted its blockchain for the second time in quick succession. The post Terra says it has halted blockchain for second time in 24 hours appeared first on The Block.

Janet Yellen, recently speaking at American University, made erudite, sensible remarks about the right approach to regulate digital currencies and assets, innovation and the policies surrounding them.

Terra (Luna) fell at 99.6% after reaching its all-time high of about $120 last month.The terra  price has now dropped to 0.005.Crypto exchanges have started taking steps in response to the fall of Luna. The trillion-dollar crypto market is struggling! Post the dramatic fall of Terra (Luna), a popular cryptocurrency, from more than $400 billion …

The circulating supply of Luna has risen dramatically while the price of the Terra native asset has plunged. The post Luna token price craters below $0.0001 as circulating supply soars above 400 billion appeared first on The Block.

Terra TVL crashed more than $14 billion in May 2022. Terra TVL was around $18.45 billion in January and $4.02 billion in May, 78% drop in TVL The post Terra TVL Reaches 2022 Low; Crashes More Than $14 Billion appeared first on BeInCrypto.

During the recent death spiral of UST and LUNA, many tried to send their tokens to their Coinbase wallets, and they ended up losing them altogether.  The problem emerged from the main Terra bridge's tendency to transfer wormhole LUNA and UST automatically.