Tag: ust crash

May 14 2022

Not Just UST; Terra Crash Hits These Cryptos Hard

May 14 2022 Published at Coingape under tags  altcoin news news terra (luna) ust crash

Terra's astronomic crash has largely dented market sentiment this week, and likely fed broader crypto weakness. But the project's status as a Layer-1 blockchain meant that several tokens, apart from LUNA and UST were caught in the crossfire. The network was suspended twice this week, which added to the disruption. The UST crash appears to...

May 13 2022

DeFi Not Spared From Crypto Massacre As TVL Drops Almost 50%

The decentralized finance (DeFi) has not been spared from the recent crypto onslaught. This crash that had finally put top coins like Bitcoin and Ethereum 50% below their all-time high values had also dragged the DeFi market down with it. What has resulted is a near 50% drop in total value locked (TVL) across all decentralized finance protocols, which had been trending as...

Terra Network Halted For The Second Time In 12 Hours, What’s Next?

May 13 2022 Published at Coingape under tags  altcoin news news terra (luna) ust crash

The Terra blockchain was halted for the second time in 12 hours on Friday, as developers seek more time to come up with a recovery plan. The move comes as LUNA- its native token- crashed to a value of below 1 cent, while the UST stablecoin's dollar "peg" now stands at less than $0.2. Terra...

May 11 2022

LUNA Tanks Another 57% Slipping Under $20, Do Kown to Announce UST Recovery Plan

Things seem to be getting from bad to worse for the Terra ecosystem as the LUNA price continues its further correction. In the last 24-hours, LUNA lost another 57% and is currently trading at $16.71. On the other hand, the UST continues to de-peg and is currently at $0.80. The TerraUSD (UST) stablecoin has shown...

May 09 2022

Stablecoin CRASH! Terra UST crashes amid Bitcoin Bear, what happened?

The Terra foundation had a successful launch of its stabelcoin UST. However, when the crypto market started to crash, Terra entered hot waters as UST loses its peg and slips to a current price of $0.88. What is UST crypto and why did it lose its peg? Was it a staged attack or UST...

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