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Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over
Bitcoin nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone.
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Terra Resumes after Halting Blockchain Production to Prevent Governance Attacks
Terraform Labs, the company which supports the Terra ecosystem, briefly halted the Terra blockchain for two hours on Thursday after a dramatic slump in LUNA and UST, before restarting later.
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Terra's Do Kwon Says He is Cooperating With Prosecutors in New Interview
In a new interview with Laura Shin, Do Kwon maintained that he has been cooperating with prosecutors
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Crypto Market Wrap: Terra Struggles to Recover as Top DeFi Coins Lose Their Value
The DeFi crypto market capitalization has decreased by over 15% over the day proving that this category is also following the bearish trend. Out of all DeFi tokens Terra Classic once again turned out to be the one that lost the most this week. However, many other coins have also retreated. Let’s analyze some of the top losers.
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ChangeNOW Supports LUNA 2.0 and LUNC
Instant crypto exchange service ChangeNOW allows for swapping LUNA – the coin of the new Terra 2.0 blockchain, as well as LUNC, the old mainnet’s token.
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Binance.US Sued for Selling Unregistered LUNA Securities
Binance.US has been sued in a class-action lawsuit for the sale of unregistered security tokens from the Terra blockchain protocol.
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South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash
To boost investor protection following the recent collapse of LUNA and TerraUSD (UST) tokens, financial authorities in South Korea have beefed up crypto exchange inspections.
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Jul 24 Trading Analysis: What Bloodbath?
Despite stonk's bloodbath, BTC managed to close higher on the day with some short squeeze liquidation through $9600 level. I am actually surprised that we are still trading at current levels, would only be a matter of time that we see us retracing back some of its gains, which was why I said yesterday, we need to continue to monitor the momentum of capital into BTC.