Terra


Markets

Tether's Paolo Ardoino on UST: 'It's All Fun and Games' Until You're a $100B Coin

The algorithmic stablecoin's growth has surpassed its larger rivals.

Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Twitter/Bitfinex, modified by CoinDesk)

Markets

First Mover Asia: Terra Is 2022’s Version of Corporate Bitcoin Buying; Cryptos Hold Steady in Weekend Trading

The Luna Foundation Guard now holds about $1.7 billion in bitcoin, but crypto markets seem unimpressed with its purchases this year; bitcoin and ether are flat.

CoinDesk News Image

Markets

Terraform Labs Gives $820M in LUNA Tokens to Luna Foundation Guard

LFG's reserves now stand at about $2.4 billion.

CoinDesk News Image

Tech

Terra's Anchor Protocol to Launch on Polkadot DeFi Hub Acala

A month after launching on Avalanche, Anchor continues its expansion onto new base layers.

An installation by Japanese artist Yayoi Kusama, after whom Polkadot's canary network is named. (Suhaimi Abdullah/Getty Images)

Markets

Luna Foundation Guard Adds $100M in BTC to UST Reserves

LFG's balance now sits at $2.26 billion, 75% of which is bitcoin.

CoinDesk News Image

Videos

Why LFG's BTC Buying Spree Barely Moved the Markets This Time

The Luna Foundation Guard (LFG) added over $173 million in bitcoin (BTC) to its TerraUSD stablecoin reserves, totaling its holdings to almost 40,000 BTC, or roughly $1.67 billion. “The Hash” group discusses the lack of a bitcoin price reaction to LFG’s purchases, the correlation of bitcoin to traditional markets and the “tribal nature of crypto.”

Recent Videos

Markets

Terra’s LUNA Leads Slide in Majors as Ether Nears $3K

Crypto markets slid on Monday amid a weak trading session in Asia and Europe in broader markets.

(Ethan Miller/Getty Images)

Markets

Luna Foundation Guard Holds Almost 40,000 BTC After Weekend Purchase

Luna Foundation Guard bought $173 million worth of bitcoin over the weekend, but bitcoin is down 2%.

CoinDesk News Image

Markets

Terra Backers Buy $200M in AVAX Tokens, Bolstering Crypto Reserves Beyond BTC

The Luna Foundation Guard bought $100 million in AVAX with UST stablecoins. Terraform Labs swapped an additional $100 million in LUNA for the same value in AVAX.

(v2osk/Unsplash)