Terra


Videos

Hester Peirce Sounding Off on SEC’s Plans for More Crypto Enforcement Staff

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce discusses her opposition to the addition of 20 new jobs on the regulatory agency’s crypto enforcement squad. Plus, a conversation on the agency’s investigation into Terra Luna and Elon Musk’s ability to move crypto markets with his Twitter presence.

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Markets

Terra to Provide UST Liquidity on Polygon-Based SynFutures

SynFutures processed over $266 million in trades over the past week.

Diem stablecoin pilot

Markets

First Mover Asia: Singapore’s Distaste for Retail Crypto Spooks Institutional Money

Three Arrows Capital's decision last week to move its headquarters to Dubai reflects growing concerns about the city-state's increasing regulatory scrutiny of crypto; bitcoin returns to where it started the weekend.

Singapore skyline (Unsplash)

Markets

LUNA Supply Drops to All-Time Low – But Don’t Call It Deflationary

To keep up with the demand for Terra’s UST stablecoin, LUNA tokens are burned to maintain the $1 peg. All things being equal, less supply could help to support the price.

(Unsplash, modified by CoinDesk)

Markets

Dogecoin, Terra Fall Steepest Among Major Cryptos as Long Traders Lose $280M

Digital assets lost 3.5% in capitalization over the past 24 hours but gradually recovered during European morning hours on Wednesday.

(Pixabay, modified by CoinDesk)

Finance

Fireblocks Sees $500M Stampede Into Terra DeFi in First Week

Pent-up demand for Terra’s ecosystem among Fireblocks’ early access program hedge funds and wealthy investors has been “crazy.”

Fireblocks CEO Michael Shaulov (Eva Marie Uzcategui/Bloomberg via Getty Images)

Finance

Decentralized Forex Is Coming to Terra: Vertex Protocol Raises $8.5M

The protocol seeks to expand DeFi liquidity to non-U.S. dollar pegged stablecoins.

Binance Labs recauda $500M para invertir en Web 3 y blockchain. (Giorgio Trovato/Unplash)

Markets

Crypto Funds Saw Minor Outflows Last Week

Some $7 million flowed out of digital asset funds in the week through April 22.

Some $7 million flowed out of digital asset funds in the week through April 22. (CoinShares)

Videos

How Luna Foundation Guard Became the ‘Most Followed’ Bitcoin Whale

CoinDesk Reporter Krisztian Sandor discusses the Luna Foundation Guard’s bitcoin reserves for the UST stablecoin, noting the nonprofit organization as the “most followed whale,” holding almost as much BTC as Tesla. Sandor explains LFG’s role in the Terra blockchain ecosystem, algorithmic stablecoins, and the possible risks of UST.

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Markets

Bailout Fund, Backstop or Bouncy Ball? Here's How LFG's Bitcoin 'Reserve' Might Work

Developers of the fast-growing UST stablecoin say the coin's $1 value peg isn't "backed" by anything – just a blockchain-based algorithm. So why does it need a multibillion-dollar bitcoin reserve in case of an emergency? How would that work?

TerraForm Labs founder and CEO Do Kwon (CoinDesk TV, modified by CoinDesk)