Tag: luna foundation guard

May 20 2022

Avalanche Team: The Luna Foundation Guard and Terraform Labs are Yet to Sell AVAX Reserves Bought at $200m in April

Summary: The team from Avalanche has issued a transparency report on the fate of the AVAX reserves that the Luna Foundation Guard and Terraform Labs hold. According to Avalanche, Terraform Labs Purchased 1.09 million AVAX, and the Luna Foundation Guard Purchased 1.97 million AVAX back in April. The Luna Foundation Guard has disclosed it has no plans to use or sell the AVAX...

May 17 2022

Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed

Nic Carter, general partner at Castle Island Venture, Eric Wall, former Chief Investment Officer of Arcane Assets, and Erik Voorhees, founder of ShapeShift, discuss what happened with the TerraUSD (UST) and LUNA fiasco, Do Kwon’s responsibility, the impact on the crypto ecosystem, and much more. Show highlights: how Erik used to...

May 16 2022

Avalanche (AVAX) Slumps 5% In Minutes On Fears Of Terra Dump

Avalanche (AVAX) slumped on Monday as traders feared that the Luna Foundation Guard (LFG) could dump its holdings of the token. AVAX is trading at $32.41, down 6% over the past 24 hours. The token's losses were triggered just after the Luna Foundation Guard said it intends to use its remaining reserves to return some...

Breaking: Luna Foundation Guard Reserves Decimated By Terra Crash

The Luna Foundation Guard (LFG) revealed on Monday that the recent Terra crash, and its measures to support UST had wiped out most of its reserves. Its holdings now stand at about $260 million- a far cry from the over $4 billion the LFG commanded less than two weeks ago. It will now deploy this...

Breaking: Luna Foundation Guard Member Says Terra Reserves En Route

A high-ranking member of the Luna Foundation Guard (LFG) said on Monday that the foundation's reserves are almost ready to be deployed, barring a few technicalities. The reserves will be largely targeted towards helping small wallets, and supporting builders and stakers on Terra. The statements were made by Remi Tetot- a member of the LFG's...

May 14 2022

The Luna Foundation Guard Allegedly Sent 52k Bitcoin to Gemini and 28k to Binance to Try Stabilize UST’s Peg

Summary: The crypto community has begun investigating the flow of the Luna Foundation Guard's Bitcoin reserves during USTs depegging event According to one analysis, 52k Bitcoin was sent to Gemini and another 28k to Binance, but it is not clear if the assets were sold Another analysis by CryptoQuant states that 37k BTC moved from the LFG wallet to Gemini, but there was...

Terra’s Do Kwon: I Sold No Luna Nor UST During the Crisis

Summary: Terra's Do Kwon has stated that he did not sell any LUNA nor UST during the depegging crisis and subsequent inflation of LUNA Do Kwon also explained that he was heartbroken 'about the pain [his] invention has brought' He also explained that the team at Terra is working on documenting the Luna Foundation Guard Bitcoin reserves during the events of the last...

May 13 2022

Did Someone Deliberately Attack Terra/Luna to Kick off a Death Spiral?

Jon Wu, head of growth at Aztec Network, recaps a historically chaotic week in the Terra ecosystem that saw $UST depeg, Anchor depositors flee, and $LUNA fall 99%. Show highlights: how $UST, $LUNA, Luna Foundation Guard (LFG), and Anchor Protocol are supposed to work...

May 09 2022

TerraUSD Stablecoin Plunges Below $0.95

The TerraUSD stablecoin (UST) is now valued at close to $0.95 as the asset's market value continues to decline. TerraUSD Falls by Five Cents Terra's UST stablecoin has fallen 5%...

The Luna Foundation Guard Loans Out $750M in Bitcoin to OTC Trading Firms to Protect UST’s Peg

Quick take: The Luna Foundation Guard (LFG) has announced an elaborate plan to protect UST from depegging The plan involves loaning $750 million worth of Bitcoin to OTC trading firms the help protect the UST peg LFG will also loan 750 million to accumulate BTC as market conditions stabilize The traders that take up the loans will trade on both sides of the...

Luna Foundation Guard Takes Corrective Measures to Protect UST Peg, Here’s How

The Luna Foundation Guard has once again come forward announcing some key measures to safeguard the Bitcoin peg for its native UST stablecoin. Last weekend turned out to be a major nightmare for Terra (LUNA) investors and all participants of the ecosystems. In what seemed like a coordinated attack on the Terra-Luna-UST ecosystem a single...

May 06 2022

Terra Faces Danger Despite LFG’s Bitcoin Accumulation

Terras LUNA is approaching a crucial support level that could define its future price action. As the macroeconomic outlook worsens, LUNA is at risk of a steep decline. Terras LUNA...

This DeFi Token Is Rallying Over 13% While Markets Tumble, Here’s Why

Anchor Protocol (ANC), the Terra blockchain's biggest DeFi platform, appears to be swimming against the market tide. Its ANC token has managed to surge by more than 13% amid the market crash. The global cryptocurrency market has shrunk by over 6.5% in the last 24 hours. Total market capitalization stands at $1.68 trillion. The largest...

Apr 13 2022

Terra’s Additional 2508 Bitcoin Buy Fails To Stimulate Prices, Here’s Why

Terra community The Luna Foundation Guard (LFG) on Wednesday added about 2508 bitcoins worth over $100 million to its Bitcoin treasury. The latest buy has increased the LFG's wallet address holding to 42,406.92 BTC. However, despite purchasing Bitcoin for $250 million this week, it has failed to push the BTC price above $40k. The Bitcoin...

Apr 01 2022

Mar 30 2022

Terra (LUNA) Founder Do Kwon Claims To Become Largest Bitcoin Holder

Terra founder Do Kwon said that in the future they will become the largest Bitcoin (BTC) holder in the world. Do Kwon claims to become the largest...

Mar 29 2022

Terra (LUNA) Smashes ATH Above $107; Luna Foundation Builds $3 B Bitcoin Reserve

The price of Terra (LUNA) has smashed an all-time-high (ATH) of $107.14, rising nearly 10% in the last 24 hours, according to CoinMarketCap. LUNA has surpassed...

Do Kwon Is Backing UST With Bitcoin – And Here’s What Else He Is Building

Mar 29 2022 Published at Unchained Podcast under tags  2022 anchor bitcoin btc do kwon

Do Kwon is the CEO of Terraform Labs and a director at Luna Foundation Guard. On Unchained, he explains why LFG is spearheading a plan to partially back Terra’s $15 billion stablecoin UST with Bitcoin. He also dives into another project idea that would transform developer salaries into financial assets that, as far as I can tell, he has not yet spoken about...

Mar 09 2022

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