TerraUSD
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#CryptoNewss
š¶#BinanceUS resumes services in USD$
šŖIO net launched joint staking
šŖKaito AI will open KAITO claims on February 20 at 12PM UTC
š„³ Caldera announced token #ERA , airdrop this year
š¦šŖMantra Finance received a cryptocurrency license in Dubai
āļøWintermute plans to expand in the USA and open an office in New York City
š°š·The Supreme Court of South Korea ruled that #TerraUSD and #LUNA are not securities
š¤ÆAbstract: as a result of the Cardex hack, $400,000 was stolen, affecting 9,000 wallets
š¢Justin Sun announced the launch of an AI-based product (DeepSeek) and Tron in Q2 2025
š°Strategy (formerly MicroStrategy) plans to raise another $2,000,000,000 to purchase $BTC
š¶#BinanceUS resumes services in USD$
šŖIO net launched joint staking
šŖKaito AI will open KAITO claims on February 20 at 12PM UTC
š„³ Caldera announced token #ERA , airdrop this year
š¦šŖMantra Finance received a cryptocurrency license in Dubai
āļøWintermute plans to expand in the USA and open an office in New York City
š°š·The Supreme Court of South Korea ruled that #TerraUSD and #LUNA are not securities
š¤ÆAbstract: as a result of the Cardex hack, $400,000 was stolen, affecting 9,000 wallets
š¢Justin Sun announced the launch of an AI-based product (DeepSeek) and Tron in Q2 2025
š°Strategy (formerly MicroStrategy) plans to raise another $2,000,000,000 to purchase $BTC
LUNA INVESTOR? Do Kwonās Extradition Appeal Rejected
Do Kwonās Extradition Appeal Rejected: Whatās Next?
Montenegroās Constitutional Court has rejected Do Kwonās appeal against his extradition, paving the way for his transfer to either the US or South Korea. Hereās what you need to know:
Key Points:
1. Appeal Rejected:
The court unanimously dismissed Kwonās appeal, citing legal flaws.
This upholds a previous ruling supporting extradition.
2. Extradition Likely to the US:
The final decision rests with Montenegroās justice minister.
Reports suggest the US is the favored destination, reflecting the ministryās position.
3. Terraformās $40 Billion Collapse:
In May 2022, the crash of #TerraUSD and Luna coins wiped out $40 billion.
It sparked the infamous 2022 "crypto winter," exposing flaws in platforms like #FTX and Celsius.
4. Global Ripple Effect:
Kwonās arrest in 2023 with a fake passport highlights rising cross-border action on crypto crimes.
The case could set a global precedent for regulation.
Financial Fallout & Political Ties
Terraform Labs settled with the SEC for $4.47 billion in June 2024, with Kwon personally fined over $200 million.
Allegations of Kwonās political connections in Montenegro, particularly support for the Europe Now party, have stirred controversy.
Whatās Next?
The decision now lies with Montenegroās justice minister. Whether extradited to the US or South Korea, Kwonās case underscores the growing demand for accountability in crypto.
$LUNA
My Insights
If you were an investor in the previous Bull Run cycle you already know what I'm talking about, but for new Investors and Traders, be a little cautious of projects like these and people behind them.
For example: The Indian Crypto Exchange WazirX, I did warn a few about the cold relationship of Binance with Wazirx and made sure the ones who listened either swap them for other tokens like #BasicAttentionToken . And exactly after a very few weeks Binance announcement of delisting WRX Token happened.
#LUNAUpdate
How do you think this case will impact crypto regulations? Letās discuss! Also let me know if you need a content about which solid projects to keep an eye on before it's too late.
Montenegroās Constitutional Court has rejected Do Kwonās appeal against his extradition, paving the way for his transfer to either the US or South Korea. Hereās what you need to know:
Key Points:
1. Appeal Rejected:
The court unanimously dismissed Kwonās appeal, citing legal flaws.
This upholds a previous ruling supporting extradition.
2. Extradition Likely to the US:
The final decision rests with Montenegroās justice minister.
Reports suggest the US is the favored destination, reflecting the ministryās position.
3. Terraformās $40 Billion Collapse:
In May 2022, the crash of #TerraUSD and Luna coins wiped out $40 billion.
It sparked the infamous 2022 "crypto winter," exposing flaws in platforms like #FTX and Celsius.
4. Global Ripple Effect:
Kwonās arrest in 2023 with a fake passport highlights rising cross-border action on crypto crimes.
The case could set a global precedent for regulation.
Financial Fallout & Political Ties
Terraform Labs settled with the SEC for $4.47 billion in June 2024, with Kwon personally fined over $200 million.
Allegations of Kwonās political connections in Montenegro, particularly support for the Europe Now party, have stirred controversy.
Whatās Next?
The decision now lies with Montenegroās justice minister. Whether extradited to the US or South Korea, Kwonās case underscores the growing demand for accountability in crypto.
$LUNA
My Insights
If you were an investor in the previous Bull Run cycle you already know what I'm talking about, but for new Investors and Traders, be a little cautious of projects like these and people behind them.
For example: The Indian Crypto Exchange WazirX, I did warn a few about the cold relationship of Binance with Wazirx and made sure the ones who listened either swap them for other tokens like #BasicAttentionToken . And exactly after a very few weeks Binance announcement of delisting WRX Token happened.
#LUNAUpdate
How do you think this case will impact crypto regulations? Letās discuss! Also let me know if you need a content about which solid projects to keep an eye on before it's too late.
šØ Terraform Labs Opens Claims Portal for TerraUSD Collapse Victims šØ
Terraform Labs has launched a claims portal for investors affected by the 2022 TerraUSD (UST) collapse, allowing submissions until April 30. This move aims to address losses from the infamous LUNA crash, which wiped out billions in investor funds.
š° Will victims finally see compensation?
š Who qualifies for the claims?
š Deadline: April 30 ā Time is ticking!
#TerraUSD #LUNA/USTD #TrumpTariffs #DeFi #Crypto
Terraform Labs has launched a claims portal for investors affected by the 2022 TerraUSD (UST) collapse, allowing submissions until April 30. This move aims to address losses from the infamous LUNA crash, which wiped out billions in investor funds.
š° Will victims finally see compensation?
š Who qualifies for the claims?
š Deadline: April 30 ā Time is ticking!
#TerraUSD #LUNA/USTD #TrumpTariffs #DeFi #Crypto
South Korean Supreme Court Rules: TerraUSD and LUNA Are Not Financial Investment Products
Court Upholds Previous Ruling ā LUNA Not Subject to Capital Market Regulations
The South Korean Supreme Court has reaffirmed lower court decisions that stablecoin TerraUSD (UST) and its sister token LUNA do not qualify as financial investment products. This ruling rejects the prosecutors' appeal, which sought to seize the assets of Terraform Labs co-founder Shin Hyun-seong.
š On January 23, the court denied a request to confiscate Shinās assets, stating that LUNA is not classified as a regulated financial product under South Koreaās Capital Markets Act.
š The court stated:
ā "Existing laws and records confirm that the lower court's ruling is valid."
āļø Prosecutorsā Argument Fails: LUNA Is Not a Security
South Korean prosecutors argued that LUNA should be classified as a security and attempted to seize assets linked to Terraform Labsā leadership.
ā However, the court repeatedly ruled that LUNA does not meet the legal definition of a security or investment product and therefore is not subject to capital market regulations.
š Attorney Kim Jung-chul from Woori Law Firm explained:
š£ "This ruling not only denies LUNA's status as a security but also confirms that it is not subject to the Capital Markets Act. This means asset seizures under this law are not possible."
š Fraud Charges Still Stand
Despite the courtās decision, Shin Hyun-seong and other Terraform Labs executives still face fraud charges. Prosecutors allege that:
š¹ They manipulated the market for personal gain
š¹ They misled investors
š¹ They exploited the instability of the Terra blockchain to profit
šØ Do Kwon, the mastermind behind the Terra ecosystem, was extradited from Montenegro and stood trial in New York in January.
š U.S. authorities have charged him with:
Artificially inflating Terraform cryptocurrency pricesMoney laundering
šø The collapse of Terra in May 2022 wiped out over $40 billion, causing massive losses for investors worldwide.
š What Does This Ruling Mean for the Market?
This decision reinforces the argument that cryptocurrencies are not securities, but it also leaves the question of regulation open for future debate.
š¹ Should LUNA be considered an investment product, or is it just another crypto asset?
š¹ Could regulatory authorities in other countries rule differently?
š¹ What impact will this ruling have on similar cases in the future?
š Whatās your take? Should LUNA be subject to stricter regulations, or should it remain an independent digital token? Share your thoughts! š
#TerraUSD , #LUNA , #CryptoNewss , #CryptoRegulation , #Cryptolaw
Stay one step ahead ā follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.ā
The South Korean Supreme Court has reaffirmed lower court decisions that stablecoin TerraUSD (UST) and its sister token LUNA do not qualify as financial investment products. This ruling rejects the prosecutors' appeal, which sought to seize the assets of Terraform Labs co-founder Shin Hyun-seong.
š On January 23, the court denied a request to confiscate Shinās assets, stating that LUNA is not classified as a regulated financial product under South Koreaās Capital Markets Act.
š The court stated:
ā "Existing laws and records confirm that the lower court's ruling is valid."
āļø Prosecutorsā Argument Fails: LUNA Is Not a Security
South Korean prosecutors argued that LUNA should be classified as a security and attempted to seize assets linked to Terraform Labsā leadership.
ā However, the court repeatedly ruled that LUNA does not meet the legal definition of a security or investment product and therefore is not subject to capital market regulations.
š Attorney Kim Jung-chul from Woori Law Firm explained:
š£ "This ruling not only denies LUNA's status as a security but also confirms that it is not subject to the Capital Markets Act. This means asset seizures under this law are not possible."
š Fraud Charges Still Stand
Despite the courtās decision, Shin Hyun-seong and other Terraform Labs executives still face fraud charges. Prosecutors allege that:
š¹ They manipulated the market for personal gain
š¹ They misled investors
š¹ They exploited the instability of the Terra blockchain to profit
šØ Do Kwon, the mastermind behind the Terra ecosystem, was extradited from Montenegro and stood trial in New York in January.
š U.S. authorities have charged him with:
Artificially inflating Terraform cryptocurrency pricesMoney laundering
šø The collapse of Terra in May 2022 wiped out over $40 billion, causing massive losses for investors worldwide.
š What Does This Ruling Mean for the Market?
This decision reinforces the argument that cryptocurrencies are not securities, but it also leaves the question of regulation open for future debate.
š¹ Should LUNA be considered an investment product, or is it just another crypto asset?
š¹ Could regulatory authorities in other countries rule differently?
š¹ What impact will this ruling have on similar cases in the future?
š Whatās your take? Should LUNA be subject to stricter regulations, or should it remain an independent digital token? Share your thoughts! š
#TerraUSD , #LUNA , #CryptoNewss , #CryptoRegulation , #Cryptolaw
Stay one step ahead ā follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.ā
See original
āļøDo Kwon case enters pre-trial stage, Terra ecosystem allegations attract attention
There is new progress in the case of Do Kwon, co-founder of Terraform Labs. The pre-trial meeting is scheduled for March 6, 2025, and the latest progress will be announced before February 27.
The US court plans to hold a jury trial on January 26, 2026. Although the judge encouraged him to plead guilty in exchange for a reduced sentence, it now seems likely that the case will go to trial.
Federal prosecutors accuse the Terraform ecosystem of being built on deceptive practices and claim that Do Kwon misrepresented the stability of the algorithmic stablecoin TerraUSD. And the indictment lists his multiple fraud and securities violations.
Do Kwon's defense team believes that Terraform's products were legal and functionally consistent with the description before market sentiment changed. The trial is expected to last four to six weeks, during which basic issues of cryptocurrency classification under US law will also be resolved.
In addition, prosecutors claim that LUNA, the native token of the Terra ecosystem, is a security, a view that, if adopted, could have a significant impact on the entire cryptocurrency industry. However, defense attorneys have a different view.
The case involves 6TB of massive evidence from many sources, including audio recorded without Do Kwon's knowledge, which may raise some procedural issues. Despite the large amount of review materials, the judge still emphasized the need to ensure transparency and fairness in the industry.
Do Kwon is currently being held in Essex County Jail in New Jersey. His legal team also has to deal with the investigation and potential prosecution in South Korea, which is quite complicated. He was previously arrested in Montenegro for using a fake passport and was detained for nearly two years.
The United States and South Korea have been fighting over the extradition of Do Kwon. But at the end of December last year, the Minister of Justice of Montenegro finally decided to extradite him to the United States. In a court appearance on January 2 this year, Do Kwon pleaded not guilty to the charges of the collapse of the Terra ecosystem.
In short, this case not only concerns Do Kwon's personal fate, but will also have a profound impact on the legal status of cryptocurrency and the development of the industry, which deserves our continued attention.
What do you think of the latest developments in the Do Kwon case? Do you think this trial will affect the development of the cryptocurrency industry?
#DoKwon #å åÆ蓧åø #TerraUSD #LUNA
There is new progress in the case of Do Kwon, co-founder of Terraform Labs. The pre-trial meeting is scheduled for March 6, 2025, and the latest progress will be announced before February 27.
The US court plans to hold a jury trial on January 26, 2026. Although the judge encouraged him to plead guilty in exchange for a reduced sentence, it now seems likely that the case will go to trial.
Federal prosecutors accuse the Terraform ecosystem of being built on deceptive practices and claim that Do Kwon misrepresented the stability of the algorithmic stablecoin TerraUSD. And the indictment lists his multiple fraud and securities violations.
Do Kwon's defense team believes that Terraform's products were legal and functionally consistent with the description before market sentiment changed. The trial is expected to last four to six weeks, during which basic issues of cryptocurrency classification under US law will also be resolved.
In addition, prosecutors claim that LUNA, the native token of the Terra ecosystem, is a security, a view that, if adopted, could have a significant impact on the entire cryptocurrency industry. However, defense attorneys have a different view.
The case involves 6TB of massive evidence from many sources, including audio recorded without Do Kwon's knowledge, which may raise some procedural issues. Despite the large amount of review materials, the judge still emphasized the need to ensure transparency and fairness in the industry.
Do Kwon is currently being held in Essex County Jail in New Jersey. His legal team also has to deal with the investigation and potential prosecution in South Korea, which is quite complicated. He was previously arrested in Montenegro for using a fake passport and was detained for nearly two years.
The United States and South Korea have been fighting over the extradition of Do Kwon. But at the end of December last year, the Minister of Justice of Montenegro finally decided to extradite him to the United States. In a court appearance on January 2 this year, Do Kwon pleaded not guilty to the charges of the collapse of the Terra ecosystem.
In short, this case not only concerns Do Kwon's personal fate, but will also have a profound impact on the legal status of cryptocurrency and the development of the industry, which deserves our continued attention.
What do you think of the latest developments in the Do Kwon case? Do you think this trial will affect the development of the cryptocurrency industry?
#DoKwon #å åÆ蓧åø #TerraUSD #LUNA
South Koreaās Supreme Court Rules TerraUSD & LUNA Are Not
Financial Investment Products
$LUNC
$LUNA
In a landmark ruling, South Koreaās Supreme Court has reaffirmed that TerraUSD (USTC) and LUNA do not qualify as financial investment products under the countryās Capital Markets Act. The decision aligns with previous lower court judgments and marks a significant legal precedent in defining digital assets within Koreaās regulatory framework. The ruling also resulted in the dismissal of an appeal from prosecutors seeking to classify LUNA as a security and seize assets from Terraform Labs co-founder Shin Hyun-seong.
On January 23, the court upheld prior decisions that LUNA does not meet the legal criteria of a regulated financial instrument, making asset confiscation under capital market regulations inapplicable. Legal experts suggest that this decision not only confirms the non-security status of LUNA but also sets a broader precedent for similar digital assets in the region. Kim Jung-chul, an attorney from Law Firm Woori, emphasized that the ruling eliminates any grounds for asset seizures based on Koreaās financial investment laws.
Despite this verdict, legal challenges remain for Terraform Labs' executives. Prosecutors continue to pursue fraud allegations, arguing that company leaders misled investors and manipulated the market for personal gain. Meanwhile, Do Kwon, the chief architect of the Terra ecosystem, was extradited from Montenegro and is now facing federal fraud charges in the U.S.. A grand jury indictment accuses him of orchestrating deceptive practices, inflating Terraformās cryptocurrency value, and engaging in financial misconduct. The Terra ecosystem collapse in May 2022 led to over $40 billion in investor losses, leaving a lasting impact on the global crypto market.
#TerraUSD #LUNA #CryptoRegulation #BlockchainLaw
Financial Investment Products
$LUNC
$LUNA
In a landmark ruling, South Koreaās Supreme Court has reaffirmed that TerraUSD (USTC) and LUNA do not qualify as financial investment products under the countryās Capital Markets Act. The decision aligns with previous lower court judgments and marks a significant legal precedent in defining digital assets within Koreaās regulatory framework. The ruling also resulted in the dismissal of an appeal from prosecutors seeking to classify LUNA as a security and seize assets from Terraform Labs co-founder Shin Hyun-seong.
On January 23, the court upheld prior decisions that LUNA does not meet the legal criteria of a regulated financial instrument, making asset confiscation under capital market regulations inapplicable. Legal experts suggest that this decision not only confirms the non-security status of LUNA but also sets a broader precedent for similar digital assets in the region. Kim Jung-chul, an attorney from Law Firm Woori, emphasized that the ruling eliminates any grounds for asset seizures based on Koreaās financial investment laws.
Despite this verdict, legal challenges remain for Terraform Labs' executives. Prosecutors continue to pursue fraud allegations, arguing that company leaders misled investors and manipulated the market for personal gain. Meanwhile, Do Kwon, the chief architect of the Terra ecosystem, was extradited from Montenegro and is now facing federal fraud charges in the U.S.. A grand jury indictment accuses him of orchestrating deceptive practices, inflating Terraformās cryptocurrency value, and engaging in financial misconduct. The Terra ecosystem collapse in May 2022 led to over $40 billion in investor losses, leaving a lasting impact on the global crypto market.
#TerraUSD #LUNA #CryptoRegulation #BlockchainLaw
#DoKwon , the co-founder of #TerraformLabs , has been extradited from Montenegro to the United States to face fraud charges. Accused of orchestrating schemes to mislead investors, he allegedly inflated the value of Terraform's cryptocurrencies through manipulation and misrepresentations, causing over $40 billion in losses after the crash of #TerraUSD and #LUNAā
in May 2022. The charges include commodities fraud, securities fraud, wire fraud, and money laundering, carrying a maximum sentence of 130 years. Kwon allegedly laundered proceeds, misrepresented products, and used fraudulent tactics to avoid detection. His initial court appearance in New York is scheduled for January 8, 2025.
$LUNA
$LUNC
$LUNA
$LUNC
See original
#Terra #LUNA , last opportunity
Terraform Labs opens claims portal
#TerraformLabs the company behind #TerraUSD y LUNA, will open its claims portal for cryptocurrency creditors on March 31, after declaring bankruptcy under Chapter 11 in January 2024.
The bankruptcy occurred following the collapse of its $40 billion ecosystem in 2022. Eligible creditors must register on the "Cryptocurrency Loss Claims Portal" before April 30, 2025, for their claims to be considered, the company reported. Claims submitted after the deadline will be dismissed.
To file a claim, creditors must provide proof of ownership of their cryptocurrency holdings, including wallet addresses for natively stored assets and read-only API keys for cryptocurrencies held on centralized exchanges.
Terraform will also consider transaction records and account statements as "manual evidence," but claims backed by these documents may face longer review times.
Terraform stated that it could reimburse its creditors between $185 million and $442 million as part of a reorganization plan approved by U.S. bankruptcy judge Brendan Shannon.
$LUNA
$LUNC
Terraform Labs opens claims portal
#TerraformLabs the company behind #TerraUSD y LUNA, will open its claims portal for cryptocurrency creditors on March 31, after declaring bankruptcy under Chapter 11 in January 2024.
The bankruptcy occurred following the collapse of its $40 billion ecosystem in 2022. Eligible creditors must register on the "Cryptocurrency Loss Claims Portal" before April 30, 2025, for their claims to be considered, the company reported. Claims submitted after the deadline will be dismissed.
To file a claim, creditors must provide proof of ownership of their cryptocurrency holdings, including wallet addresses for natively stored assets and read-only API keys for cryptocurrencies held on centralized exchanges.
Terraform will also consider transaction records and account statements as "manual evidence," but claims backed by these documents may face longer review times.
Terraform stated that it could reimburse its creditors between $185 million and $442 million as part of a reorganization plan approved by U.S. bankruptcy judge Brendan Shannon.
$LUNA
$LUNC
Breaking: Terraform Labs will open a claims portal on March 31 for eligible investors impacted by the collapse of $LUNA and $UST (TerraUSD).
Users can submit loss claims related to the 2022 depegging event.
#TerraUSD #Cryptocurrency #DeFi
Users can submit loss claims related to the 2022 depegging event.
#TerraUSD #Cryptocurrency #DeFi
#TerraUSD Luna
Do Kwonās Million-Dollar Wager on Luna Reaching $88
In 2022, Terra founder Do Kwon placed a high-stakes million-dollar bet with cryptocurrency analyst Sensei Algod, challenging whether Luna's price would surpass $88 within the next 12 months. The agreement, as reported by Foresight News, included prominent crypto commentator Cobie as an official witness to guarantee accountability.
This audacious prediction showcased Kwonās confidence in Luna's potential for growth amid market volatility, although the tokenās eventual collapse rendered the wager inconsequential. The event emphasized the speculative risks and dramatic narratives that were common in cryptocurrency markets at the time.
$USTC $LUNA $DOGS
In 2022, Terra founder Do Kwon placed a high-stakes million-dollar bet with cryptocurrency analyst Sensei Algod, challenging whether Luna's price would surpass $88 within the next 12 months. The agreement, as reported by Foresight News, included prominent crypto commentator Cobie as an official witness to guarantee accountability.
This audacious prediction showcased Kwonās confidence in Luna's potential for growth amid market volatility, although the tokenās eventual collapse rendered the wager inconsequential. The event emphasized the speculative risks and dramatic narratives that were common in cryptocurrency markets at the time.
$USTC $LUNA $DOGS
The $LUNA collapse of May 9, 2022, serves as a critical lesson for traders about the risks tied to algorithmic stablecoins and market sentiment.
š„ The crash began when #TerraUSD (UST), an algorithmic stablecoin meant to maintain a 1:1 peg with the US dollar, depegged during a mass sell-off, triggering a "death spiral" that led to the oversupply and plummeting value of its counterpart, LUNA.
š This wiped out over $40 billion in market value within days and created widespread panic. For traders, the key takeaway is the importance of understanding the structural weaknesses of algorithmic mechanisms and the significance of collateral-backed stability in avoiding catastrophic losses. The incident highlights the need to closely monitor market sentiment, diversify portfolios, and approach high-risk assets like algorithmic stablecoins with caution, particularly during periods of volatility.
#OnChainLendingSurge #BNBBhutanReserves #USJobOpeningsSurge #MicroStrategyAcquiresBTC
š„ The crash began when #TerraUSD (UST), an algorithmic stablecoin meant to maintain a 1:1 peg with the US dollar, depegged during a mass sell-off, triggering a "death spiral" that led to the oversupply and plummeting value of its counterpart, LUNA.
š This wiped out over $40 billion in market value within days and created widespread panic. For traders, the key takeaway is the importance of understanding the structural weaknesses of algorithmic mechanisms and the significance of collateral-backed stability in avoiding catastrophic losses. The incident highlights the need to closely monitor market sentiment, diversify portfolios, and approach high-risk assets like algorithmic stablecoins with caution, particularly during periods of volatility.
#OnChainLendingSurge #BNBBhutanReserves #USJobOpeningsSurge #MicroStrategyAcquiresBTC
See original
The annual percentage rate (APR) of $LUNA on the Binance Global brokerage has increased to 13.62%.
There has been movement in the price of $LUNA and a sharp increase of $0.2 during the day. Increases in APR can be observed in coins that experience sudden price fluctuations. We know that these rates increase and decrease due to lending situations in margin transactions.
$LUNA is trying to recover from its historical low. The movement of LUNA will also directly affect $LUNC and $USTC.
#TerraUSD #TerraClassic
There has been movement in the price of $LUNA and a sharp increase of $0.2 during the day. Increases in APR can be observed in coins that experience sudden price fluctuations. We know that these rates increase and decrease due to lending situations in margin transactions.
$LUNA is trying to recover from its historical low. The movement of LUNA will also directly affect $LUNC and $USTC.
#TerraUSD #TerraClassic
TerraUSD $UST
What it is: A decentralized stablecoin that was originally designed to maintain a 1:1 peg to the US dollar. UST operates on the Terra blockchain and uses an algorithmic mechanism to maintain its stability.
Use case: UST was initially popular in the DeFi space but faced a significant collapse in May 2022, which led to major challenges in its stability. Itās a cautionary tale in the crypto world, highlighting the risks of algorithmic stablecoins.
#TerraUSD #UST
What it is: A decentralized stablecoin that was originally designed to maintain a 1:1 peg to the US dollar. UST operates on the Terra blockchain and uses an algorithmic mechanism to maintain its stability.
Use case: UST was initially popular in the DeFi space but faced a significant collapse in May 2022, which led to major challenges in its stability. Itās a cautionary tale in the crypto world, highlighting the risks of algorithmic stablecoins.
#TerraUSD #UST
Here are some popular examples of stablecoins:
1. Tether (USDT): The most widely used stablecoin, pegged to the US dollar. It's commonly used for trading and as a store of value.
2. USD Coin (USDC): Another US dollar-backed stablecoin, known for its transparency and regulatory compliance.
3. Binance USD (BUSD): A stablecoin issued by Binance, also pegged to the US dollar, used within the Binance exchange ecosystem.
4. Dai (DAI): A decentralized stablecoin pegged to the US dollar but maintained through smart contracts on the Ethereum blockchain, rather than a central entity.
5. TrueUSD (TUSD): A fully-backed stablecoin by the US dollar, with regular attestations to verify the reserves.
6. Paxos Standard (PAX): Another US dollar-backed stablecoin, regulated and issued by Paxos Trust Company.
7. TerraUSD (UST): A stablecoin from the Terra blockchain, pegged to the US dollar, though its stability has faced challenges in recent years.
These stablecoins maintain their value by being backed by fiat currencies or through algorithmic mechanisms. They play a major role in the crypto ecosystem, especially for traders looking to avoid volatility.
1. Tether (USDT): The most widely used stablecoin, pegged to the US dollar. It's commonly used for trading and as a store of value.
2. USD Coin (USDC): Another US dollar-backed stablecoin, known for its transparency and regulatory compliance.
3. Binance USD (BUSD): A stablecoin issued by Binance, also pegged to the US dollar, used within the Binance exchange ecosystem.
4. Dai (DAI): A decentralized stablecoin pegged to the US dollar but maintained through smart contracts on the Ethereum blockchain, rather than a central entity.
5. TrueUSD (TUSD): A fully-backed stablecoin by the US dollar, with regular attestations to verify the reserves.
6. Paxos Standard (PAX): Another US dollar-backed stablecoin, regulated and issued by Paxos Trust Company.
7. TerraUSD (UST): A stablecoin from the Terra blockchain, pegged to the US dollar, though its stability has faced challenges in recent years.
These stablecoins maintain their value by being backed by fiat currencies or through algorithmic mechanisms. They play a major role in the crypto ecosystem, especially for traders looking to avoid volatility.
See original
Cryptocurrencies Terra and TerraUSD recognized as securities
The Federal District Court for the Southern District of New York recognized the Terra (LUNA) and TerraUSD (UST) cryptocurrencies issued by the startup Terraform Labs as securities.
Judge Jed Rakoff made the verdict in a case against Terraform Labs, which the U.S. Securities and Exchange Commission accuses of trading unregistered securities. By assigning this status to Terra and TerraUSD, Rakoff sided with the regulator and actually found the coin issuer guilty of illegally selling securities.
On January 29, they plan to select a jury who will determine whether Terraform Labs founder Do Kwon deceived clients by convincing them of the reliability of the algorithmic stablecoin TerraUSD.
#TERRA #terrausd
The Federal District Court for the Southern District of New York recognized the Terra (LUNA) and TerraUSD (UST) cryptocurrencies issued by the startup Terraform Labs as securities.
Judge Jed Rakoff made the verdict in a case against Terraform Labs, which the U.S. Securities and Exchange Commission accuses of trading unregistered securities. By assigning this status to Terra and TerraUSD, Rakoff sided with the regulator and actually found the coin issuer guilty of illegally selling securities.
On January 29, they plan to select a jury who will determine whether Terraform Labs founder Do Kwon deceived clients by convincing them of the reliability of the algorithmic stablecoin TerraUSD.
#TERRA #terrausd
See original
Token #LUNA and #TerraUSD
Not eligible
As #sekuritas regulated,
According to #Mahkamah Agung
#koreaSelatan
Not eligible
As #sekuritas regulated,
According to #Mahkamah Agung
#koreaSelatan
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