Monday, May 9, 2022

Monday, May 9, 2022

Terra’s LFG to Deploy $1.5B to “Protect the UST Peg”
The Luna Foundation Guard said Monday that it plans to lend $750 million in Bitcoin and 750 million UST to over-the-counter trading firms to help protect the UST peg after......

Fantom Looks Oversold While Buy Signals Appear
Fantom is hovering around a vital demand zone that has historically served as a rebound zone. Similar price action could see the Layer 1 asset surge toward $0.80 or higher.......

Bitcoin Hits 10-Month Low Below $33,000
Many other crypto assets have tumbled as Bitcoin struggles to hold momentum. Bitcoin Slides Further The Bitcoin bleed continues. The top crypto asset recorded a 10-month low Monday afternoon, trading....

Instagram to Test NFTs This Week, Zuckerberg Confirms
Some U.S. collectors and creators will be able to share their NFTs on Instagram this week. Instagram to Test NFT Support NFTs are heading to Instagram, Mark Zuckerberg has announced.......

Famed Economist Plans Tokenized Alternative to the Dollar
Economist Nouriel Roubini, who has long expressed disdain toward cryptocurrencies, has announced his plans to launch a tokenized asset meant to hedge against what he perceives to be turbulent times......

El Salvador Buys 500 Bitcoin Amid Market Slump
The first country to have adopted Bitcoin as legal tender has taken advantage of the sharp decrease in the asset’s price today. Dedicated Dollar-Cost Averaging El Salvador has bought the......

TerraUSD Stablecoin Plunges Below $0.95
The TerraUSD stablecoin (UST) is now valued at close to $0.95 as the asset’s market value continues to decline. TerraUSD Falls by Five Cents Terra’s UST stablecoin has fallen 5%......

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