The global crypto market cap is $1.26 trillion with a 24-hour volume of $55.7 billion. The price of Bitcoin is $29,500.88 and the BTC dominance is at 44.5%.
In response to the de-pegging of UST, trillions of LUNA coins were minted due to the nature of the Terra LUNA algorithm used to maintain the UST dollar peg.
Brazil-based crypto exchange Nox Bitcoin announced it will spend 620.000 Brazilian reais to reimburse UST holders, crypto news outlet Portal do Bitcoin reported.
Changpeng Zhao (CZ), the CEO of Binance, the largest crypto exchange by trading volume, has come out to share a few crypto lessons after the crash of TerraForm Labs’ LUNA and UST coins.
