Terra (LUNA) News

Terra is an open-source blockchain payment platform that accommodates algorithmic stablecoins, the largest one being TerraUSD (UST). It uses a Proof-of-Stake (PoS) consensus algorithm, and its native token LUNA is “used in the issuance of stablecoins (TerraSDRs), as a price stability mechanism, as well as for staking and network governance.”

LUNA is used for governance and staking in the Terra network. Users can stake Luna to become validators on the network and help verify transactions, earning rewards for their work.

New stablecoins can be minted by burning LUNA tokens, and stablecoins can be burned to mint LUNA. The protocol uses an algorithmic market module to maintain stablecoins’ stability.

Altcoins Terra (LUNA) Terra Classic (LUNC)

Binance Announces Completion of Second Round of Terra ($LUNA) Airdrop to $LUNC and $USTC Holders

Leading cryptocurrency Exchange Binance has announced it completed the distribution Terra’s ($LUNA) second airdrop to eligible users who held Terra Classic ($LUNC) and TerraClassicUSD ($USTC) at the time of the snapshots both before and after the collapse of the Terra ecosystem in May. According to an announcement the exchange published, the snapshots were on May […]
Altcoins Terra (LUNA)

Terra ($LUNA) Price Mysteriously Surges Over 200% as Trading Volume Explodes

The price of Terra’s $LUNA tokens has mysteriously shot up over the last few hours to now trade above the $5.9 mark, leaving most traders puzzled as to what is going on with the price of the cryptocurrency. According to data from CryptoCompare, Terra’s trading volume suddenly exploded from around $6 million to over $200 […]
Binance Stablecoins Terra (LUNA)

Binance CEO on Terra Ecosystem Collapse: ‘I Have Never Spoken To Do Kwon Directly’

In a recent interview, Binance Co-Founder and CEO Changpeng Zhao (aka “CZ”) shared his thoughts on the recent failure one of the most high profile projects in the crypto space. As leading digital asset market data provider CryptoCompare said in an excellent comprehensive report (titled: “Exploring UST’s Fall From Grace”) published on May 13, “the recent blowup in the […]
Altcoins Terra (LUNA)

Terra’s $LUNA2 Tokens See Price Explode Over Binance Listing

Terra’s new blockchain, which holds the $LUNA2 token and is built without an algorithmic stablecoin, saw a rocky launch over the weekend, seeing its price plunge as investors were selling their airdropped tokens. The token’s price plummeted from around $15 to a low below the $5 mark as Luna Classuc ($LUNC) token holders were airdropped […]
Stablecoins Terra (LUNA)

Argentinian Woman’s Life Savings Get Wiped Out After She Goes All in on TerraUSD ($UST)

One lesser known fact about the recent price collapse of algorithmic stablecoin TerraUSD ($USST) is that it managed to hit some of the most vulnerable people on the planet, namely relatively poor people living in high inflation countries. According to a report published on May 26 by tech news out “Rest of the World”, people […]
Altcoins Terra (LUNA)

Terra to Burn 1.3 Billion UST Tokens as LUNA 2.0 Airdrop Moves Forward

The Terra community has voted through the protocol’s governance system to burn all TeraUSD ($UST) that the project’s community pool held, along with the UST deployed for past liquidity incentives on the Ethereum network. As first reported by TheBlock, roughly 11% of the cryptocurrency’s existing supply is now being burned, meaning 1.3 billion UST are […]
Altcoins Terra (LUNA)

$LUNA Holders Are ‘Literally Burning Money’ by Destroying Tokens to Reduce Supply, Says Terra Co-Founder

The co-founder of Terraform Labs, Do Kwon, has said that $LUNA holders are “literally burning money” when they send tokens to a dead address in a bid to reduce the cryptocurrency’s circulating supply. HODLers’ plan, Fortune reports, is to reduce the circulating supply of the cryptocurrency in a bid to prop up prices as demand […]
Stablecoins Terra (LUNA)

Hedge Fund Billionaire Bill Ackman: Terra Was ‘Crypto Version of a Pyramid Scheme’

Billionaire investor Bill Ackman says that the epic collapse of Terra ($LUNA) and algorithmic stablecoin TerraUAD ($UST) has exposed a crypto version of a pyramid scheme.  In a series of tweets, Ackman shared his views on the price collapse of $UST, which was once thought to be pegged to the value of $1. Ackman said […]
Stablecoins Terra (LUNA)

Bloomberg Strategist: $UST’s Collapse Is Something We Were ‘Expecting’

In a recent interview, Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his thoughts on the collapse of $UST. Speaking in an interview with Cointelegraph, McGlone said the $UST price collapse was a warning to the rest of the crypto industry on the dangers of algorithmic stablecoins. $UST, which most investors originally […]
Stablecoins Terra (LUNA)

FTX CEO: TerraUSD’s Collapse Is A Case of ‘Mass Enthusiasm’ Rather Than Deceit

Billionaire Sam Bankman-Fried, who is the co-founder and CEO of crypto exchange FTX, says that Terra’s stablecoin collapse was a case of “mass enthusiasm” rather than deceit.  In a series of tweets, the 30-year-old FTX CEO, whose nickname is “SBF”, tackled TerraUSD’s price collapse. The stablecoin, supposedly pegged to the value of $1, plunged to […]
Stablecoins Terra (LUNA)

Billionaire Investor Mike Novogratz on Rise and Fall of the Terra ($LUNA) Ecosystem

On Wednesday (May 18), former LUNAtic Mike Novogratz shared his latest thoughts on the $LUNA / $UST debacle. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a technology-driven financial services and investment management firm that provides institutions and direct clients with a full suite of financial solutions spanning the digital assets ecosystem.” […]
Altcoins Binance Terra (LUNA)

Terra ($LUNA) Binance Holdings From $1.6 Billion to Less Than $3,000

Leading cryptocurrency exchange Binance has revealed it could have reaped $1.6 billion from a $3 million investment into the Terra ($LUNA) ecosystem, but never touched its holdings and as a result, they’re now worth less than $3,000. On social media Binance’s CEO Changpeng “CZ” Zhao update the cryptocurrency community on Binance’s involvement with Terra, whose […]
Altcoins Maker Terra (LUNA)

Ethereum-based Terra Competitor Maker ($MKR) Jumps amid ‘Major Whale Activity’

An Ethereum-based competitor of the Terra ($LUNA) ecosystem that collapsed earlier this month has been seeing its price surge amid “major whale activity,” as large holders are presumably moving towards it and its decentralized stablecoin. According to data from on-chain analytics firm Santiment, Maker ($MKR) has seen “major whale activity” in the last couple of […]
Stablecoins Terra (LUNA)

Terraform Labs CEO Proposes ‘Terra Ecosystem Revival Plan 2’

On Monday (May 16), Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG), put up a new proposal up for a governance vote on May 18 (“Asia time”). As leading digital asset market data provider CryptoCompare said in an excellent comprehensive report (titled: “Exploring UST’s Fall From Grace”) published on May 13, […]
Regulation Stablecoins Terra (LUNA)

U.S. Treasury Secretary Calls For Regulation Following TerraUSD’s Epic Collapse

U.S. Treasury Secretary Dr. Janet Yellen has called on U.S. Congress to enact regulations for stablecoins following TerraUSD’s epic collapse in price last week.  Yellen made her comments last Tuesday (May 10) while testifying before the U.S. Senate Committee on Banking, Housing and Urban Affairs, saying that she believes stablecoins pose a risk to the market’s financial […]
Binance Terra (LUNA)

CZ Addresses ‘Falsehoods Circulating in Crypto Twitter’ Regarding Terra ($LUNA)

On Sunday (May 15), Binance Co-Founder and CEO Changpeng Zhao (aka “CZ”) shared his latest thoughts on the recent failure one of the most high profile projects in the crypto space. As leading digital asset market data provider CryptoCompare said in an excellent comprehensive report (titled: “Exploring UST’s Fall From Grace”) published on May 13, […]
Stablecoins Terra (LUNA)

$LUNA Down 96% From All-Time High, Terraform Labs CEO Says ‘Stay Strong, Lunatics’

On Wednesday (May 11), $LUNA, which is the native staking and governance token of Terra protocol, is trading below $10, which is a huge fall from the all-time high of $119.18, which was set just over five weeks ago. What Is Terra ($LUNA)? The official Terra documentation has this to say about the Terra Protocol: “The Terra protocol is […]
Altcoins Bitcoin Terra (LUNA)

Luna Foundation Guard ‘Is Not Trying to Exit Its Bitcoin Position’, Says Terra’s Do Kwon

The outspoken founder of Terraform Labs, Do Kwon, as said the Luna foundation Guard (LFG), a non-profit mandated to build reserves for Terra’s algorithmic stablecoin UST, is “not trying to exit its bitcoin position” after the organization loaned $1.5 billion in BTC and UST. According to a Twitter thread Do Kwon published after the LFG Council “voted […]
Altcoins Bitcoin Terra (LUNA)

Luna Foundation Guard Buys $1.5 Billion of Bitcoin ($BTC) to Bolster $UST Reserve

The Luna Foundation Guard, a non-profit mandated to build reserves for Terra’s algorithmic stablecoin UST, has bought $1.5 billion worth of the flagship cryptocurrency Bitcoin ($BTC) to add to its reserve, which is now above $3.21 billion. As CNBC reports, the transaction brings the Luna Foundation Guard closer to its goal of accumulating $10 billion in […]
cryptocurrency Stablecoins Terra (LUNA)

Dr. Ryan Clements Warns of Systemic Risks of Terra ($LUNA) Ecosystem

On Wednesday (April 20), Dr. Ryan Clements, who is an assistant professor at University of Calgary’s Faculty of Law, explained why he remains wary of decentralized algorithmic stablecoin TerraUSD ($USDT) even though it is now partially collateralized by the “forex reserves” (denominated mostly in Bitcoin) of Luna Foundation Guard (LFG). What Is TerraUSD ($UST) Works […]

Terra ($LUNA) Sees Market Cap Surpass That of Avalanche ($AVAX) and Cardano ($ADA)

Terra ($LUNA) has been seeing its market capitalization grow steadily over the last few months, to now be among the largest by market capitalization. Within the top 10, it recently surpassed Cardano ($ADA and Avalanche ($AVAX). According to available data, LUNA’s market capitalization is now standing at $33.5 billion after the cryptocurrency’s price rose nearly […]

Terraform Labs CEO on Advantages of TerraUSD ($UST) Over Centralized Stablecoins

In a recent interview, Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG) — talked about the limitations of centralized fiat-backed stablecoins. Kwon’s comments were made during an interview with Kate Rooney, a technology reporter for CNBC. According to a report by The Daily Hodl, Kwon said: “I […]

Luna Foundation’s Treasury Nears 40,000 Bitcoin ($BTC)

The Luna Foundation Guard (LFG) a non-profit mandated to build reserves for Terra’s algorithmic stablecoin UST, has added around $173 million worth of the flagship cryptocurrency Bitcoin ($BTC) to its holdings over the weekend through a series of purchases. The Luna Foundation Guard, as CoinDesk reports, how has around 39,897.98 BTC in its wallet, which are […]

Terra Adds $200 Million in $AVAX to Bolster UST Stablecoin Reserves

Terraform Labs, the company responsible for the development of Terra, and the Luna foundation Guard (LFG), have purchased a combined $200 million worth of Avalanche ($AVAX) to bolster the reserves of Terra’s UST stablecoin. According to an announcement from Terraform Labs, it swapped $100 million worth of its native token LUNA for AVAX to “strategically […]

Bitcoin ($BTC) Can Weather Potential Loss of $UST Peg, Says Terra’s CEO Do Kwon

Do Kwon, the founder of Terraform Labs, which powers the Terra ($LUNA) blockchain, has said he believes the Bitcoin ($BTC) market is liquid enough to handle a potential loss of Terra’s flagship stablecoin $UST. In an interview with Bloomberg Quicktake, Do Kwon said that “people need to have a little bit more faith in crypto,” […]

Do Kwon: Terra Protocol Plans to be Largest Single Wallet Holder of Bitcoin

In a recent interview, Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG) — talked about the Terra protocol in general and $LUNA and $UST in particular. Kwon’s comments were made on episode 335 of journalist Laura Shin’s “Unchained” podcast. This article looks at a […]

Luna Foundation Guard Has Purchased Over $1.4 Billion in Bitcoin ($BTC) for $UST Reserve

The Luna Foundation Guard (LFG) has already bought over $1.4 billion worth of the flagship cryptocurrency Bitcoin ($BTC) to create a reserve for the Terra ($LUNA) protocol’s UST stablecoin. While it isn’t yet clear how the BTC will be wrapped for use by the protocol, thanks to the transparency of the Bitcoin blockchain it’s possible […]

$UST to Become First Internet Currency to Implement ‘Bitcoin Standard’, Says Terra ($LUNA) Co-Founder Do Kwon

The founder of Terra ($LUNA), Do Kwon, has recently said that the Terra Protocol’s leading decentralized stablecoin $UST is going to be the first internet-native currency implementing a Bitcoin standard as part of its monetary policy. Do Kwon’s words came as he spoke to Bloomberg about the Terra protocol’s monetary policy and the growth of […]

InvestAnswers Host Explains Why He Is Very Bullish on Terra ($LUNA) and Solana ($SOL)

The host of popular crypto commentary and market analysis show InvestAnswers recently explained his bullishness on Ethereum competitors Terra ($LUNA) and Solana ($SOL).  Speaking in a recent YouTube video, InvestAnswers’s host told subscribers that he is bullish on Terra due to the project’s plans to back stablecoin UST by Bitcoin reserves. As reported by The […]

Luna Foundation Guard Has Raised $2.2 Billion for Terra Stablecoin UST’s $BTC Reserves

The founder of Terra ($LUNA) has recently revealed that the Luna Foundation Guard (LFG) has raised $2.2 billion to create a Bitcoin ($BTC) reserve for the protocol’s UST stablecoin. Do Kwon’s words come shortly after the LFG raised $1 billion through a private sale. Terra is a Proof of Stake (PoS) blockchain in which LUNA is used […]

Terra ($LUNA) Could Rally 70% if It Breaks Through Previous All-Time High, Crypto Analyst Says

A popular cryptocurrency analyst has suggested that Ethereum ($ETH) rival Terra ($LUNA) could see its price explode over 70% if it manages to break through its previous all-time high around the $104 mark. The popular pseudonymous analyst, Kaleo, told his over 470,000 followers on the microblogging platform he sees LUNA as an “outlier in an […]

Analytics Firm Explains What Is Driving the Explosive Price Growth of Terra ($LUNA)

Lucas Outumuro, Head of Research at Blockchain analytics firm IntoTheBlock (ITB) took a closer look at $LUNA, which is the native staking and governance token of Terra protocol, in particular the main catalysts that are driving its price higher — even during a bear market. ITB is “a data science company applying cutting-edge research in AI […]

Terra Up 19%, Crypto Investor Says ‘$UST Is Liquid Hydrogen. $LUNA Is the Rocket’

On Wednesday (March 9), OKX CEO Jay Hao said that in the past 24 hours, $LUNA, which is the native staking and governance token of Terra protocol, had the second highest trading volume on his exchange. What Is Terra ($LUNA)? The official Terra documentation has this to say about the Terra Protocol: “The Terra protocol is the […]

Shiba Inu ($SHIB) and Terra ($LUNA) Listed on Trading and Payments App With 4.5 Million Users

Leading digital payments platform Wirex, which has over 4.5 million users and allows them to spend dozens of currencies at more than 80 million locations worldwide, has added support for the meme-inspired cryptocurrency Shiba Inu ($SHIB) along with Terra’s $LUNA other tokens. According to an announcement the firm made, these two cryptocurrencies were listed at […]

Terra ($LUNA) Founder: ‘The Terra Protocol Will Be One of the Largest Holders of $BTC’

The founder of Terra ($LUNA) has recently suggested that the Terra Protocol will be one of the largest holders of the flagship cryptocurrency bitcoin ($BTC) as the project creates bitcoin-denominated reserves as an additional layer of security for its decentralized stablecoin UST. Earlier this year the Luna Foundation Guard (LFG) announced it raised $1 billion […]

Terra Sees Total Value Staked Top $30 Billion as $LUNA Approaches All-Time High

The total value being staked on the Terra blockchain has topped the $30 billion mark as the price of its native token $LUNA is approaching its all-time amid a wider crypto market recovery in the face of a geopolitical crisis. According to data from StakingRewards, 40.5% of LUNA’s circulating supply is now being staked, allowing […]

Coin Bureau on Terra: ‘Bullish’ on $LUNA, ‘Really Really Taken With’ $UST

Recently, highly popular pseudonymous crypto analyst and influencer “Coin Bureau” explained why he is bullish on algorithmic stablecoin platform Terra ($LUNA). What Is Terra ($LUNA)? The official Terra documentation has this to say about the Terra Protocol: “The Terra protocol is the leading decentralized and open-source public blockchain protocol for algorithmic stablecoins. Using a combination of […]

Coin Bureau: $LUNA Price Could Rally Nearly 2-3X

The host of popular crypto analysis and market commentary show Coin Bureau says that $LUNA — the native token of algorithmic stablecoin platform Terra — could rally nearly 2-3X.  According to Binance Research, Terra is a Proof of Stake (PoS) blockchain. They also say that$LUNA is “used in the issuance of stablecoins (TerraSDRs), as a price stability mechanism, […]

$LUNA: CNBC Tells Investors About the Risks of Investing in Terra’s Native Token

Recently, CNBC’s “Make It” looked at the risks of investing in $LUNA, the “hot” token that the “cool kids” love to invest in. $LUNA is the native token of algorithmic stablecoin platform Terra. According to Binance Research, Terra is a Proof of Stake (PoS) blockchain. They also say that $LUNA is “used in the issuance of stablecoins […]

Terra ($LUNA) Is a ‘Promising’ Coin With ‘Plenty of Room to Grow’, Says Pantera Capital CEO

Pantera Capital CEO Dan Morehead has said Terra ($LUNA) is a “promising” cryptocurrency project with “plenty of room to grow,” even after its price exploded 13,700% year-to-date and its market cap surpassed $31 billion. During an interview on CNBC’s “Crypto Night in America,” Morehead noted Terra is growing at a “very, very rapid rate” and […]

Terra’s DeFi Ecosystem Surpasses $20 Billion in TVL as $LUNA Hits New Highs

The total value locked in decentralized applications built on top of the Terra ecosystem has now surpassed the $20 billion, making it the second-largest decentralized finance ecosystem behind only Ethereum, which has over $159 billion in total value locked. According to data from DeFiLlama, the total value locked on Terra moved up 55% over the […]

Terra ($LUNA) up Over 10,000% Year-to-Date as Demand for Algorithmic Stablecoin Grows

The price of Terra’s native token $LUNA is up over 10,000% year-to-date thanks to growing demand for its algorithmically backed stablecoin, USDT, and for token burns that have seen a significant portion of LUNA’s supply get removed from circulation. According to Binance Research, Terra is a Proof of Stake (PoS) blockchain. They also say that […]

Trading App With Over 1 Million Users Expands Crypto Offering With $SOL, $MATIC, $LUNA, and Others

Public, a popular trading app competing with Robinhood (NASDAQ: HOOD) that has already amassed over one million users, has expanded its cryptocurrency offering with the addition of numerous new cryptocurrencies. According to Business Insider, the company now offers 21 cryptocurrencies via its commission-free trading platform, as it has recently listed Solana ($SOL), Terra ($LUNA), Chainlink […]

Terra Surges 281% in 1 Month, Analyst Says ‘$LUNA Carrying the Team Right Now’

On Tuesday (August 24), as the price of $LUNA, the native token of algorithmic stablecoin platform Terra, surged to a new all-time high of $34.2434, one popular crypto analyst said that $LUNA is “carrying the team right now.” According to Binance Research, Terra is a Proof of Stake (PoS) blockchain. They also say that $LUNA is “used […]

Wormhole Goes Live, Providing Bridge Between Solana, Ethereum, Binance Smart Chain, and Terra

The mainnet for cross-chain interoperability protocol Wormhole has launched with support for Solana, Ethereum, Binance Smart Chain, and Terra. Furthermore, it promises to support other major blockchains in the near future. In a blog post published on August 9, the team said that Wormhole is “a cross-chain messaging protocol, secured by a network of Guardian […]

Crypto Analyst on Terra ($LUNA): I Can See Price Hitting $100 by Year End

Recently, crypto influencer “Coin Bureau” (“@coinbureau” on Twitter) explained why he is so bullish on $LUNA — the native token of algorithmic stablecoin platform Terra — and gave his year-end price target for $LUNA. According to Binance Research, Terra is a Proof of Stake (PoS) blockchain. They also say that $LUNA is “used in the issuance of […]