Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss
The crypto contagion only hurt entities that poorly managed their treasuries, but didn’t affect the underlying blockchain technology, he said.
Korean startup Uprise lost $20M shorting LUNA
The crypto custodial service and AI trading platform managed to lose nearly all of its customers’ assets by shorting LUNA, the Terra Classic native token.
Anonymous vows to bring Do Kwon’s ‘crimes’ to light
“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel.
Korean exchanges agree on emergency system in case of Terra-style collapse
Korean exchanges will soon be required to list tokens based on the same guidelines to ensure compliance with local regulations, and make emergency decisions together to prevent another Terra fiasco.
LUNA2 traders are increasingly short despite 67.5% rally, $4 million liquidated
Downside pressure for Terraform Labs’ LUNA2 mounts amid investigations and rumors from a “Terra insider.”
DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%
Liquid staking firms could default on their Ether obligations if The Merge does not happen.
Anchor dev claims he warned Do Kwon over unsustainable 20% interest rate
Mr. B alleges that the platform was designed to only offer an interest rate of 3.6%, but that changed at the last minute.
Binance Staking completes initial phase of Terra 2.0 airdrop as ecosystem issues persist
About 70% of tokens are held in escrow and will be vested starting later this year.
LUNA 2 price jumps 90% ahead of big Binance airdrop
Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87.
Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish
The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change.
