Good night, brothers! Sending everyone 2000 red envelopes $ETH , I will be out for a few days, and I will continue to live stream for the brothers when I return!
Buffett only invests in companies worth long-term investment Ordinary people only pursue visible short-term profits Persist in doing the right thing, the rest of the time will give the answer #Hawk is your important decision bsc chain tail number 0d2d
What exactly is Do Kwon's UST → USTC 'Recovery Plan'? This article will help you understand the eve of the collapse.
In May 2022, UST depegged from $1 and plummeted to $0.30, throwing the entire Terra ecosystem into chaos. At that time, Do Kwon claimed: 'The recovery plan will be announced soon.' Indeed, there was a plan, but ultimately it failed completely.
So, what did he actually intend to do?
📌 Phase One: Original Chain 'Emergency' Plan (2022/5/11)
Corresponding to community proposal 1164, the core goal was to stop the death spiral and restore UST stability:
🔧 The plan included: • Increasing the UST burn rate to attempt to reduce circulation • Introducing external funds (external collateral) to strengthen support • Attempting to re-collateralize UST • Slowing down LUNA's excessive issuance
In short: 👉 Trying to stabilize the system through supply contraction + external funds.
However, market confidence completely collapsed, and this plan quickly became ineffective.
📌 Phase Two: Radical Plan - Forking the Chain (Terra 2.0)
After the original plan failed, Do Kwon proposed a more thorough approach:
🚀 Core changes of Terra 2.0: • Abandoning the original algorithmic stablecoin model • No longer attempting to save UST → USTC • Launching the new chain Terra 2.0 • Issuing 1 billion new LUNA (LUNA 2.0) tokens • Renaming the old chain to Terra Classic (LUNC / USTC)
This essentially announced: 👉 The mechanism of UST cannot be saved; a new ecosystem can only be rebuilt.
📌 Final Results: • Terra Classic became an independent community self-rescue model • Terra 2.0 attempted to rebuild a new ecosystem • The recovery plan from UST → USTC was never truly realized
In summary:
Do Kwon's 'Recovery Plan' originally aimed for self-rescue but ultimately evolved into a complete abandonment of the chain and the initiation of the Terra 2.0 rebuilding plan. #币安区块链周 $LUNC $LUNA $USTC {future}(USTCUSDT)
"The Storm Over Victoria Harbour in 2025: Justin Sun and FDT's $450 million 'Rashomon' not only tore open the scar of the trust crisis in the cryptocurrency world, but also became a touchstone for testing the quality of Hong Kong's Web3 regulation. When on-chain transparency meets off-chain black boxes, this showdown will reshape the asset custody rules in the RWA industry."
A 'Rashomon' involving a hefty sum of $450 million is fiercely unfolding between Justin Sun, the founder of TRON, and the well-established Hong Kong trust, First Digital Trust (FDT). On one side are accusations from the top players in the crypto circle, and on the other side is a counterclaim from a compliant institution. This is not just a commercial feud between two companies, but also a real-world stress test of Hong Kong's Web3 regulatory capabilities.
Will Justin Sun be able to successfully defend his rights? Let's look forward to the follow-up. #ETH巨鲸增持
Mainstream currencies continue to rise, BTC breaks $12,000 in profit, but ZEC has started to wash out again. As always, the market doesn't have a trend of continuous decline, nor does it have a trend of continuous rise. $BTC $ZEC