Luna Foundation Guard

Lunar eclipse (Justin Sullivan/Getty Images)
Terra Validators Halt Blockchain for Second Time to Plot Next Steps
The blockchain was halted earlier Thursday after the governance token LUNA fell in price.
Lunar eclipse (Justin Sullivan/Getty Images)

Does the UST meltdown say anything about the future and promises of crypto? (FLY:D/Unsplash, modified by CoinDesk)
Terra, Web 3 and Acceptable Risk in Innovation
Garbage Day newsletter author Ryan Broderick is skeptical about what comes after Web 2. There are challenges and opportunities ahead.
Does the UST meltdown say anything about the future and promises of crypto? (FLY:D/Unsplash, modified by CoinDesk)

Galaxy Digital CEO Mike Novogratz (Bloomberg Finance LP/Getty Images)
Investor Concerns About Galaxy Digital's LUNA Exposure Are Overblown, BTIG Says
Galaxy Digital’s stock has plummeted more than 40% this week, but a BTIG analyst says LUNA-related concerns are unwarranted.
Galaxy Digital CEO Mike Novogratz (Bloomberg Finance LP/Getty Images)

(U.S. Bureau of Land Management/Flickr)
Terra Proposes Token Burn and Increase in Pool Size to Stop UST Dilution
Terra believes decreasing the amount of UST in circulation while increasing the amount of available LUNA is the easiest way to return the UST to its dollar peg.
(U.S. Bureau of Land Management/Flickr)

Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk screenshot)
Citadel Securities, BlackRock, Gemini Slam Social Media Accusations of Involvement With UST Collapse
A conspiracy theory that began on 4chan and was amplified by Cardano founder Charles Hoskinson has been met with swift denials by all parties.
Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk screenshot)

Bitcoin and other major cryptos plummeted. (Shutterstock)
First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins
A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red.
Bitcoin and other major cryptos plummeted. (Shutterstock)

(Paulo Calheiros/Unsplash)
Regulators Should Pay Attention to UST
A stablecoin de-pegged. People lost money. It ain’t great.
(Paulo Calheiros/Unsplash)

(koyu/iStock/Getty Images Plus)
The LUNA and UST Crash Explained in 5 Charts
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday.
(koyu/iStock/Getty Images Plus)

Luna Foundation Guard's Reserve Balance Declines to Zero to Defend UST Peg
Luna Foundation Guard’s Reserve Balance Declines to Zero to Defend UST Peg
Luna Foundation Guard (LFG) has moved all of its reserves to bitcoin exchanges to defend its UST stablecoin’s 1:1 dollar peg. LFG’s reserve balance has declined from 80,394 BT...
Luna Foundation Guard's Reserve Balance Declines to Zero to Defend UST Peg

The U.S. Department of the Treasury hasn't yet held any cross-agency meetings to discuss the fallout of UST's struggles. (Jesse Hamilton/CoinDesk)
UST Meltdown Hasn't Spurred US Financial Stability Council Meeting: Sources
U.S. federal officials aren’t getting together to follow the game plan that’s typical when mainstream financial firms flounder.
The U.S. Department of the Treasury hasn't yet held any cross-agency meetings to discuss the fallout of UST's struggles. (Jesse Hamilton/CoinDesk)