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The Latest Breaking News from UST

Crypto Prices Tumble as Stock Market Falls

Cryptocurrencies are falling as inflation fears and a slump in retail stocks pull down the stock market.

The Street

Terra (LUNA) Founder Do Kwon Summoned By Korean Lawmakers As Legal Team Quits

South Korean lawmakers have reportedly summoned Terra (CRYPTO: LUNA) founder Do Kwon to appear before Congress and testify on the subject of TerraUSD’s (CRYPTO: UST) collapse.

Benzinga

UST collapse hits digital asset market

The global cryptocurrency market saw its value plummet amid heavy sell-offs, with the collapse of TerraUSD (UST), one of the biggest stablecoins, sending shockwaves throughout the digital asset market.

Bangkok Post

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Terra (LUNA) Blow-Up One Of The 'Largest Fiascos' In Crypto Market History, Ark Says

TerraUSD (CRYPTO: UST) losing its peg to the dollar and the subsequent blow-up seen in Terra (CRYPTO: LUNA) was termed one of the “largest fiascos” in cryptocurrency market history by Frank Downing, an analyst w

Benzinga

Stablecoin Credibility Takes a Hit with the Fall of UST Coin

The collapse of the UST coin is wreaking havoc on the crypto market and destroying industry efforts to win the trust of the general public.

The Street

Terra's Do Kwon 'Heartbroken' Over UST Collapse, Doge's Billy Markus Tells Him To Leave The Industry

In a recent Twitter post, Terra (CRYPTO: LUNA) founder Do Kwon has said that he is “heartbroken” about his creations losing all of their value this week.

Benzinga

Luna Coin Collapse Fuels Social Media Stories of Financial Ruin

Social media is being flooded with stories of financial ruin and concern about suicides following the collapse of Luna coin and its sister token UST.

The Street

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Billionaire, ex-Goldman Banker Novogratz Caught Up in Luna Collapse

The spectacular collapse of Luna and its sister token UST has shaken the credibility of cryptocurrencies and the trust placed in crypto evangelists.

The Street

Mark Cuban Never Held Terra Or TerraUSD After Checking 'To See If It's A Sustainable Product'

Famous investor and cryptocurrency proponent Mark Cuban said he never held any Terra (CRYPTO: LUNA) or TerraUSD (CRYPTO: UST) and also refused to Anchor Protocol (CRYPTO

Benzinga

Bitcoin Billionaire Fortunes Plummet in Crypto Meltdown

After reaching $3 trillion in November, the market value of the crypto market has fallen to $1.37 trillion.

The Street

UST and Luna Coins Collapse, Creating Crypto Chaos

The crypto market has lost almost $1.6 trillion from its all-time high of $3 trillion.

The Street

TerraUSD ‘stablecoin’ delisted from crypto exchanges

‘Algorithmic stablecoin’, whose collapse triggered multibillion-dollar selloff, turns off blockchain

The Guardian - UK

Bitcoin Bull 'Pomp' Reacts To Allegations He Pumped Terra (LUNA), UST Stablecoin

Bitcoin (CRYPTO: BTC) bull Anthony Pompliano, better known by the nickname "Pomp," dismissed allegations that he had been “promoting” Terra (LUNA) or Terra USD (UST) stable coin.

Benzinga

'Evil genius' may have caused Terra and Luna cryptocurrencies to crash in a 'death spiral'

The devastating effects of the crash of crypto "stablecoins" Terra and Luna are being felt by many but their crash may have been orchestrated in one massive piece of ethically questionable trading.

ABC News

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Benzinga

Terra Founder Wants To Save TerraUSD As Reports Suggest He Was Behind The Basis Cash Failed Stablecoin

Terra (CRYPTO: LUNA) founder Do Kwon announced plans to attempt to save his unstable stablecoin TerraUSD (CRYPTO: UST) while some are suggesting he was also behind failed stablecoin Basis

Benzinga

Tether Untethers From Dollar: Are The Fears Justified?

Leading stablecoin Tether (CRYPTO: USDT) saw its value fall as low as 95 cents — possibly a price not seen since 2017 — after Wednesday's collapse of&

Benzinga

Can USDC Follow UST's Footpath? Probably Not, And Here's Why

On Wednesday, the cryptocurrency community saw TerraUSD (CRYPTO: UST) the native algorithmic stablecoin of the Terra (CRYPTO: LUNA) protocol lose its peg while bringing LUNA down with it.

Benzinga

BlackRock And Citadel Deny Role In Terra's UST Collapse

BlackRock, Inc.

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Benzinga

SEC Is Already Investigating Terra's Stablecoin UST: Report

The Securities and Exchange Commission (SEC) is already investigating this week’s events concerning Terra (CRYPTO: LUNA) and TerraUSD (CRYPTO: UST), according to a report from

Benzinga

Bad Timing: This MLB Team Has A Partnership With Terra (LUNA), Planned UST Integration Next Year

Professional sports leagues have become more accepting of cryptocurrency and opened their doors to sponsorship opportunities. One deal signed earlier this year is now being called into question.

The Street

SEC Wants Crypto Exchanges to Stop Trading Against Clients

Earlier this month the SEC nearly doubled the size of its crypto regulatory unit.

Benzinga

Avalanche Falls 40% As AVAX Finds Itself In The Midst Of UST's Unpegging

The token of smart contract platform Avalanche (CRYPTO: AVAX) is now paying the price of enjoying being one of the assets locked as collateral to maintain the peg on Terra's (CRYPTO: LUNA) native algorithmi

The Street

Why Does Controversial UST Coin Threaten Bitcoin and Crypto Market

UST, or TerraUSD, tumbles along with its sister coin luna following massive withdrawals from Terra’s Anchor Protocol.

Benzinga

Terra (LUNA) Sees $106M In Liquidations With 97% Crash As UST Collapses To Below 40 Cents

Terra (CRYPTO: LUNA) and its native stablecoin TerraUSD (CRYPTO: UST) brought each other down in a cryptocurrency market catastrophe that would not be easy to forget.

The Street

Bitcoin Falls Below $30,000 As UST Plummets, Interest Rate Leap on Inflation Data

"I understand the last 72 hours have been extremely tough on all of you - know that I am resolved to work with every one of you to weather this crisis," said UST backer Do Kwon.

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