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The Latest Breaking News from LUNA

Crypto: Hedge Fund Debacle May Ruin Two Prominent Lenders

Voyager Digital just abruptly halted fund withdrawals, while BlockFi struck a deal with a potential savior.

The Street

FTX Reportedly Close to Buying BlockFi

An acquisition could take several months to close, and the price could shift between now and Friday.

The Street

Crypto Crash: A First Big Domino Falls...Who's Next?

Hedge fund Three Arrows Capital (3AC), which bet big on failing crypto Luna and UST, falls into liquidation.

The Street

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The Young Billionaire Who Wants to Save Crypto From Chaos

Since the cryptocurrency crash, embattled firms have turned to one name to avoid their collapse: Sam Bankman-Fried.

The Street

Sam Bankman-Fried, the Young Billionaire Who Wants to Save Crypto

Since the cryptocurrency crash, embattled firms have turned to one name to avoid their collapse: Sam Bankman-Fried.

The Street

Crypto: Fear Returns with the Default of a Prominent Hedge Fund

Cryptocurrency prices drop again after a Three Arrows Capital payment default.

The Street

Do Crypto Airdrops Benefit the Community in the Long Term?

Airdrops became mainstream in the ICO boom years starting around 2016 as a means to incentivize users to promote a new token on social media for example. More recently, in 2020, decentralized exchange Uniswap changed the outlook on incentives and rewards when the ecosystem gave away tokens for free to…

Benzinga

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Luna Innovations's Return on Invested Capital Overview

According to Benzinga Pro, during Q1, Luna Innovations (NASDAQ:LUNA) earned $9.58 million, a 508.32% increase from the preceding quarter. Luna Innovations's sales decreased to $22.48 million, a 7.19% change since Q4.

Benzinga

Investigating the crypto crash

The value of cryptocurrencies has plunged over recent days, with Bitcoin -- the largest coin by market cap -- sinking to its lowest point since 2020.

Bangkok Post

Elon Musk Says He Is Buying the Crypto Dip

The billionaire and CEO of Tesla is an evangelist of digital currencies like Dogecoin and Bitcoin.

The Street

Luna Crash: Crypto Hedge Fund Three Arrows Seeks a Savior

The fall of cryptocurrencies causes colossal losses to investors and threatens to wipe out certain projects and firms.

The Street

Luna Crash: Co-Founder Accused of Cashing Out $80M Before Scandal

The SEC and others are investigating Terraform Labs following the collapse of the Luna and UST coins.

The Street

Dogecoin Creator Reacts To Do Kwon Allegedly Cashing Out $80M Monthly Before LUNA Crash

Dogecoin (CRYPTO: DOGE) co-creator Billy Markus and other prominent crypto industry watchers were unsurprised at the latest allegations against Terra’s (CRYPTO: LUNA) parent Terraform Labs

Benzinga

DeFi Has Lost 45% of Its Value Since April End: DappRadar

With the collapse of the former second-largest DeFi ecosystem – Terra and the crash of the associated LUNA token having accentuated the bear season that still affects the crypto landscape, DeFi has lost 45% of its value since the end of April, according to a report.

Benzinga

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Benzinga

Terra Designer Says Do Kwon Purposely Increased UST Interest Rates From 3.6% To 20% After Being Warned

A new report claims that Do Kwon, Founder of TerraForm Labs and Terra (CRYPTO: LUNA), intentionally hiked Anchor Program’s interest from 3.6% to 20%, despite warnings.

Benzinga

Investors Sue Terra Founder Do Kwon: What You Need To Know

The founder of Terra (Crypto: LUNA), Do Kwon, is being sued by Korean legal firm LKB & Partners as of May 22 as numerous other investors prepare legal challenges against Terra.

Benzinga

Terra's Do Kwon Draws Flak Over Cracking 'Tinder' Joke Amid Governance Chaos

Terra’s (CRYPTO: LUNA) outspoken founder Do Kwon joked about a Tinder-style token earn mechanism as the ecosystem builders clashed over their share of fund allocation.

Benzinga

Terra (LUNA) Parent Reportedly Laundered $4.8M Through Shell Company

Terraform Labs, the company behind Terra (CRYPTO: LUNA), has reportedly laundered $4.8 million through a South Korean shell company.

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Benzinga

EXCLUSIVE: How aUSD Is Different From UST, According To Polkadot Stablecoin Protocol Acala Network

Benzinga traveled to Permissionless, a cryptocurrency, DeFi and NFT conference hosted in West Palm Beach.

The Street

Crypto Warning From Within: Dogecoin Co-Creator Raises Scam Alarm

Jackson Palmer, a co-creator of meme coin Dogecoin, warns against many crypto projects.

Benzinga

Terra's Mirror Protocol Suffers Another $2M Exploit

Mirror Protocol, a DeFi application built on the Terra (CRYPTO: LUNA) blockchain, has seen $2 million in user funds drained over the weekend thanks to a pricing error.

Bangkok Post

Luna 2.0 coin crashes after rocky launch

The relaunch of the highly controversial Luna cryptocurrency faces a rocky start after losing 75% of its value.

ABC News

Many put faith in cryptocurrency but crash could lead to regulation and new consumer protections

Bitcoin came to life in 2008 as the financial system was imploding. Now that utopian vision is under fire, and everyone is asking: Will a new era of regulation kill or strengthen cryptocurrencies?

Benzinga

Terra (LUNA) Community Approves Proposal To Burn 1.3B TerraUSD (UST)

Terra (CRYPTO: LUNA) tokenholders voted on proposal 1747 and decided to burn 1.388 billion TerraUSD (CRYPTO: UST) tokens after the stablecoin collapsed earlier this month.

Benzinga

Terra Crisis: Community Votes on Burning 1.3 billion UST Tokens

The Terra (CRYPTO: LUNA) community has unanimously decided to burn 1.38 billion UST stablecoins from its pool, reducing the supply by roughly 11% of its total supply of 11.28bn tokens.

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