Traders sold the tokens even as founder Do Kwon proposed a separate chain to make up for last week’s implosion of UST.
Terraform Labs' Do Kwon and his collaborators sold a bad bet to thousands of everyday folks. We're beginning to see how immense the harm was.
Glassnode analyst says change in exchange balance is due to LFG using bitcoin reserves to defend stablecoin peg.
The move comes after UST briefly lost its peg to the U.S dollar over the weekend.
Pent-up demand for Terra’s ecosystem among Fireblocks’ early access program hedge funds and wealthy investors has been “crazy.”
The Terra/Luna blockchain is growing at a blinding pace. At its heart, according to some critics, is a ticking time bomb.
Competition for capital is clobbering speculative investments like tech stocks. Digital assets have held up comparatively well – so far.
Terra has also purchased record amounts of Convex tokens in the past month, research found.
New evidence of money laundering could trouble policymakers. Meanwhile, some analysts see limited upside for BTC.
During a shortened week in traditional markets, with U.S. stock exchanges closed on Friday, bitcoin struggled for direction, hovering around $40K, while DOGE and SHIB experienced wild swings.