Terra’s LUNA Surges 17% as UST Becomes Third-Largest Stablecoin

LFG has since purchased bitcoin, Avalanche’s AVAX, other stablecoins, data shows, with Terra also donating 10 million LUNA, worth $890 million at current prices, last week. The reserves currently sit at $2.48 billion at the time of writing, with 69% held in bitcoin. Source link

Terraform Labs gifts another $880M to Luna Foundation Guard

Terra (LUNA) blockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard 10 million LUNA worth around $820 million at current prices. The Luna Foundation Guard (LFG) is a nonprofit organization attached to Terra that is tasked with collateralizing the network’s algorithmic stablecoin Terra USD (UST) to keep it pegged with the U.S. dollar. […]

Terraform Labs Gifts $820M in Tokens to Luna Foundation Guard

Terraform Labs, the organization behind the UST algorithmic stablecoin (UST) and its LUNA token, gifted 10 million LUNA tokens worth $820 million at press time to Luna Foundation Guard (LFG), the non-profit platform that is building up bitcoin (BTC) reserves for UST, The Block reported. Source link

BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

Bitcoin (BTC) and major altcoins are attempting a recovery after the sharp fall on April 11. According to Glassnode’s recent weekly report, Bitcoin has witnessed a “modest volume of profit-taking by investors” since mid-February which could “be providing sufficient headwinds to prices.” While some investors are booking profits, the Luna Foundation Guard, the nonprofit organization […]