Luna Foundation Guard

Terraform Labs CEO Do Kwon on CoinDesk TV in December.
Bitcoin Flirts With $30K During Asia Trading Day as Luna Foundation Guard Fights to Defend UST Peg
Glassnode analyst says change in exchange balance is due to LFG using bitcoin reserves to defend stablecoin peg.
Terraform Labs CEO Do Kwon on CoinDesk TV in December.

Terraform Labs founder and CEO Do Kwon (CoinDesk TV, modified by CoinDesk)
UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg
Luna Foundation Guard buying billions of dollars in bitcoin without an infrastructure ready to deploy left Terra’s UST vulnerable to a “Soros-style attack,” an analyst said.
Terraform Labs founder and CEO Do Kwon (CoinDesk TV, modified by CoinDesk)

TerraUSD (UST) broke its peg, falling below $1 for a second time on Monday and never regaining it. (Clive Mason/Getty Images)
UST Resumes Spiral After Quiet Day Orbiting 90 Cents
Terra’s shaky stablecoin is prompting calls for closer regulation by key U.S. officials.
TerraUSD (UST) broke its peg, falling below $1 for a second time on Monday and never regaining it. (Clive Mason/Getty Images)

Terra's UST stablecoin fell off its peg Monday amid crypto market turmoil. (moonjazz/flickr)
UST Backer LFG Seeks $1B to Shore Up Stablecoin Peg: Report
The funding is needed because the dollar-pegged stablecoin dropped as low as 60 cents Monday amid broader market turmoil.
Terra's UST stablecoin fell off its peg Monday amid crypto market turmoil. (moonjazz/flickr)

Bitcoin Net Transfer Volume on Exchanges Rising to Highest Level in Over 4 Years
Bitcoin Net Transfer Volume on Exchanges Rising to Highest Level in Over 4 Years
The amount of bitcoin flushed onto crypto exchanges is rising to its highest level in over four years. This comes as the Luna Foundation Guard drained its $1.5 billion bitcoin...
Bitcoin Net Transfer Volume on Exchanges Rising to Highest Level in Over 4 Years

Terra's UST Stablecoin Falls as Low as 65 Cents Before Rebounding: What Went Wrong?
Terra’s UST Stablecoin Falls as Low as 65 Cents Before Rebounding: What Went Wrong?
“Crypto Critics’ Corner” Co-host Bennett Tomlin explains what might have gone wrong in the Terra Luna ecosystem leading to the TerraUSD (UST) stablecoin collapse. Tomlin expla...
Terra's UST Stablecoin Falls as Low as 65 Cents Before Rebounding: What Went Wrong?

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Binance Restarts LUNA and UST Withdrawals After Brief Suspension
LUNA token was down 52% on the day, while UST recovered slightly to $0.90 at the time of writing.
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Graphics processing units (Getty Images)
First Mover Asia: Did Nvidia Profit From Crypto Mining? Consider Its Manufacturing Partners’ Stocks; Cryptos Have a Rough Day
The manufacturer of graphics processing units has been reluctant to acknowledge the role its products play in crypto mining; bitcoin and ether plummet.
Graphics processing units (Getty Images)

(Shutterstock)
Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg
Deposits on the Anchor protocol plunged below $9 billion from $14 billion since Friday after Terra’s stablecoin, UST, struggles to recover to $1. ANC, the protocol’s token, fe...
(Shutterstock)