Last Updated on May 12, 2022
Collapse News: Luna, Terra, UST, Blackrock, Citadel, Gemini
- Citadel Securities, BlackRock Deny Involvement in Terra Fall:
- https://finance.yahoo.com/news/citadel-securities-says-not-involved-204114425.html
- https://watcher.guru/news/blackrock-and-citadel-have-denied-trading-with-terras-stablecoin-ust
- https://www.coindesk.com/layer2/2022/05/11/the-luna-and-ust-crash-explained-in-5-charts/
- Terra NFT Market Sees Trading Spike Amid UST Collapse:
- https://blockworks.co/terra-nft-market-sees-trading-spike-amid-ust-collapse/
- Gemini Denies Loan:
- https://cryptopotato.com/gemini-denies-100k-bitcoin-loan-rumors-to-blackrock-and-citadel/
- Citadel Securities, BlackRock Deny Involvement in Terra Fall:
- https://finance.yahoo.com/news/citadel-securities-says-not-involved-204114425.html
- https://watcher.guru/news/blackrock-and-citadel-have-denied-trading-with-terras-stablecoin-ust
- https://www.coindesk.com/layer2/2022/05/11/the-luna-and-ust-crash-explained-in-5-charts/
- Terra NFT Market Sees Trading Spike Amid UST Collapse:
- https://blockworks.co/terra-nft-market-sees-trading-spike-amid-ust-collapse/
- Gemini Denies 100k Bitcoin Loan Rumors to BlackRock and Citadel:
- https://cryptopotato.com/gemini-denies-100k-bitcoin-loan-rumors-to-blackrock-and-citadel/
- Do Kwon, founder and CEO of Terraform Labs, has proposed an increase in the supply of LUNA in order to help repeg UST.
- The proposal will increase LUNA’s minting capacity from $293 million to $1.2 billion. It aims to absorb the stablecoin supply that wants to exit, which must be done before UST can start to repeg. If UST recovers its peg, the Terra team will begin adjusting its mechanism to be collateralized.
- The Anchor Protocol community has submitted a proposal to lower minimum interest rates for UST in order to help UST recover its peg.
- Anchor is a decentralized finance platform where the majority of UST is staked or borrowed. It offers a yield of 18%, which is currently unsustainable with UST being depegged. The proposal suggests a temporary reduction of the yield rate to around 4%. This will prevent the Anchor reserve from depleting and help stop UST’s death spiral. Another emergency proposal suggests increasing virtual liquidity for UST to LUNA swaps by a factor of 1,000.
- Crypto Markets Could Soon Threaten Global Financial Stability:
https://cryptopotato.com/fsb-chair-crypto-markets-could-soon-threaten-global-financial-stability/ - Coinbase Armstrong States There Is No Risk Of Bankruptcy & Funds Are Safe On The Platform:
- https://bitcoinist.com/coinbase-clears-air-regarding-risk-of-bankruptcy/
- Bitcoin Funding Rates Remain Unmoved Despite Plunge Below $30,000:
- https://www.newsbtc.com/news/bitcoin/bitcoin-funding-rates-remain-unmoved-despite-plunge-to-30000/
- Cardano’s Hoskinson Says ‘Best-to-Market’ Crypto Could Help Avoid Economic ‘Collapse’:
- https://decrypt.co/100152/cardanos-hoskinson-says-best-to-market-crypto-could-help-avoid-economic-collapse
- Cardano’s Hoskinson Blames ‘Wall Street Types’ For Collapse:
- https://cryptoslate.com/hoskinson-blasts-vcs-wall-street-types-for-downturn-in-crypto-markets/
African DEX Mara Launches With Backing From Coinbase, Alameda:
https://decrypt.co/100049/pan-african-crypto-exchange-mara-launches-backing-coinbase-alameda
Bitcoin Plummets to December 2020 Lows, Altcoins See 30-50% Daily Collapses:
https://cryptopotato.com/bitcoin-plummets-to-december-2020-lows-altcoins-see-30-50-daily-collapses-market-watch/
Grayscale Held a Private Meeting with the US SEC, Report Says:
https://www.financemagnates.com/cryptocurrency/regulation/grayscale-held-a-private-meeting-with-the-us-sec-report-says/
Distributed Ledger Inc & GulfQuest Maritime Museum Have Partnered For Sustainable BTC Mining To Mobile, Alabama:
https://bitcoinmagazine.com/business/city-of-mobile-alabama-approved-its-first-bitcoin-mining-project
Metaverse Casino Ordered By Five State Regulators To Shut Down Immediately:
https://bitcoinist.com/regulators-order-metaverse-casino-to-shut-down/