Terra’s Ambitious LUNA 2.0 Plunges 70% in 24 Hours
With an ambition to recover the losses that occurred after the LUNA fiasco, the team behind Terra launched LUNA 2.0. However, the crypto asset took a major hit immediately after the launch.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Finance MagnatesRelated market context
US Secret Service teams up with Circle to recover funds stolen from Binance
The collaboration highlights the growing role of stablecoin issuers in financial crime recovery, emphasizing regulatory and securi...
Binance Pegs Hot-Wallet Losses at $6.3 Billion, Vows to Cover Them as TRM Points to North Korea
Binance now estimates the total impact of Thursday’s drain of its hot wallets at about $6.3 billion, well above the roughly $3.5 b...
Binance Confirms $6.3B Security Breach, Freezes $3B in Assets and Pledges Full Compensation
The exchange says blockchain partners have frozen approximately $3 billion in affected assets. Binance has also pledged to cover a...
Bitcoin’s Rebound Drove Most of Tether’s $3.8 Billion Reserve Recovery
Tether held $7.95 billion more in reserves than it owed USDT holders on Sept. 30, up about $3.85 billion from the end of June, the...
Wall Street Downplays Binance Hack as Bitwise Sees “Recovery In a Week”
Wall Street analysts are telling clients to buy the dip after the $6.3 billion Binance hack, and Bitwise CIO Matt Hougan expects b...
Binance Prepares to Resume Withdrawals, Unveils $6.3B Hack Recovery Plan
Binance is preparing to restore withdrawals in phases after its $6.3 billion hack, with reopening dependent on security checks. Th...