Luna Foundation Guard says it spent $2.8 billion to defend UST peg

Luna Foundation Guard published an audit today by JS Held showing its efforts to defend the UST peg during the May collapse. The post Luna Foundation Guard says it spent $2.8 billion to defend UST peg appeared first on The Block.

Timeline of Terra-luna-v2, Terrausd-wormhole

A November 9 technical audit report submitted by JS Held revealed the Luna Foundation Guard spent $2.8 billion to defend UST's peg between May 8 and May 12. The post Audit reveals Luna Foundation Guard spent $2.8B to defend UST peg in May appeared first on CryptoSlate.

The price of terra luna classic (LUNC) has fallen by 2.5% in the past 24 hours, with the altcoin also down by nearly 30% in the past week, at $0.00017357. The drops come as the fallout from FTX's collapse continues to weigh down the wider market, with LUNC's momentum from early September unable to carry out through a turbulent period for crypto.

The co-founder of Terraform Labs Pte. Ltd., Shin Hyun-seung, also known as Daniel Shin, has been called by South Korean prosecutors to an investigation this week as a suspect for allegedly making unjustified gains with the cryptocurrency LUNA, which is now known as the Luna Classic (LUNC).

Terra Luna Classic price prediction remains bullish above $0.000169, a support level extended by an upward trendline. Lately, the crypto market has been unkind to investors, with most cryptocurrencies struggling to post gains. Contrary to the trend of other large market-cap cryptocurrencies, Terra Classic (LUNC) saw a price increase.

Tether's dominance of the Curve 3pool has risen to 86% amid massive swaps from USDT to stablecoins like USDC and DAI. The post Stablecoin liquidity on Curve's 3pool falls to lowest level since Luna crash appeared first on The Block.

Tobias Andersen, the lead developer at Terra Rebels, has acknowledged that the burn rates for Luna Classic (LUNC) will be low for at least “the next few years.” During an AMA with the community, he said that the burn tax at 1.2% would have taken “close to a century” to burn enough LUNC tokens in The post Luna Classic Devloper Has This To Say About The LUNC Burn appeared first on CoinGape.

In a startling revelation amid the fiasco surrounding FTX, Galaxy Digital Holdings Ltd (OTC: BRPHF) revealed it has a $76.8 million exposure to the beleaguered cryptocurrency exchange, out of which $47.5 million is currently being withdrawn. It already hasn't been a great 2022 for Galaxy and its CEO Larry Mike Novogratz.

The fallout from FTX's insolvency has already shaken the crypto industry to its core. The post Crash of the Titans: LUNA dwarves FTX in terms of losses but the worst is yet to come appeared first on CryptoSlate.

Terra Luna founder Do Kwon has joined the UpOnlyTV show on Twitch amid carnage in the crypto markets as FTT tanks to $9, and Binance announces a potential acquisition of FTX. The post Terra Luna founder Do Kwon surfaces on UpOnlyTV live on Twitch appeared first on CryptoSlate.

Terra Classic (LUNC) token prices have registered a solid recovery over the past 24 hours. The recent price surge has made LUNC one of the top gainers among the biggest 100 cryptocurrencies.