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TerraForm Labs proposes to burn $1.3B in UST to save LUNA

CryptoSlate Newsletter
CryptoSlate Newsletter
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Hello everyone!
The global crypto market cap is $1.25 trillion with a 24-hour volume of $214.9 billion. The price of Bitcoin is $29,375.98 and the BTC dominance is at 44.7%.

TerraForm Labs proposes to burn $1.3B in UST to save LUNA
TerraForm Labs proposes to burn $1.3B in UST to save LUNA
Terraform Labs proposed to burn a total of $1.3 billion worth of UST to save LUNA to combat the current crisis.
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Canadian leadership debate reveals massive Bitcoin ignorance among candidates
Canadian leadership debate reveals massive Bitcoin ignorance among candidates
The Conservative Party of Canada held a leadership debate in Edmonton on May 11, with Bitcoin among the many topics discussed by the six hopefuls.
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Michael Saylor joyous at FASB decision to review crypto accounting rules
Michael Saylor joyous at FASB decision to review crypto accounting rules
The Chief Executive Officer of MicroStrategy and Bitcoin maximalist Michael Saylor has expressed excitement about the United States Financial Accounting Standards Board (FASB) decision to review rules for crypto.
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You can redeem Tether USDT 1:1 on tether.to but there’s a catch
You can redeem Tether USDT 1:1 on tether.to but there’s a catch
The crypto market is in turmoil, and many are looking to cash out of their stablecoins amid unprecedented volatility.
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Could hardware be the solution for Web3 adoption?
Could hardware be the solution for Web3 adoption?
There’s no denying that the Web3 industry is slowly becoming mainstream.
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Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges
Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges
The value of Tether (USDT) stablecoin against the United States dollar is seeing significant downward pressure on exchanges and has fallen below its $1 peg price.
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Analyst says crypto stocks performance is proof we are in bear market
Analyst says crypto stocks performance is proof we are in bear market
Crypto analyst Caleb Franzen says that we’re currently in a bear market.
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Global Esports Federation launches Metaverse Council
Global Esports Federation launches Metaverse Council
The Global Esports Federation, whose goal is to become officially recognized as the governing body for the esports ecosystem, has formed a metaverse council to “focus on shaping tangible metaverse development initiatives for our global community.” The council is to be made up of blockchain experts, NFT developers, and social media influencers.
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Terra founder reportedly has link to failed stablecoin, Basis Cash
Terra founder reportedly has link to failed stablecoin, Basis Cash
A former Terra Labs employee has reportedly revealed that Terra co-founder Do Kwon was one of the creators of Basis Cash.
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Shiba Inu gives update on new developments, including the SHI stablecoin
Shiba Inu gives update on new developments, including the SHI stablecoin
A blog post from Shiba Inu gives an update on ecosystem developments per ‘Riyoshi’s Vision.’ Riyoshi is the project’s anonymous founder who claims to hold 0 $SHIB tokens, as doing so would affect his judgment and decision-making.
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CryptoSlate Newsletter
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