No Result
View All Result
Sunday, June 26, 2022
  • Login
FXVNPRo
ADVERTISEMENT
  • Home
    • Advertising Promotion
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Promotional Content
    • Forex News
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Cashback Rebate
    • Forex Deposit Bonus
    • Forex Live Contest
    • Affiliate Program
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
No Result
View All Result
  • Home
    • Advertising Promotion
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Promotional Content
    • Forex News
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Cashback Rebate
    • Forex Deposit Bonus
    • Forex Live Contest
    • Affiliate Program
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
No Result
View All Result
FXVNPRo
No Result
View All Result
Home Forex News

Breaking: Luna Foundation Guard (LFG) sold 46,876 BTC amid Terra’s death spiral

fxvnpro by fxvnpro
May 17, 2022
in Forex News
3
ForexNews
0
SHARES
8
VIEWS

The Luna Foundation Guard (LFG) revealed that it had sold a significant number of tokens in its reserves when the price of UST began to drop substantially below one dollar.

The non-profit organization’s reserves consisted of 80,394 BTC, 39,914 BNB, 26,281,671 USDT, 23,555,590 USDC, 1,973,554 AVAX, 697,344 UST, and 1,691,261 LUNA.

Beginning on May 8, LFG started converting its reserve to UST by directly executing on-chain swaps and transferring BTC to a counterparty to enable them to enter trades in large sizes and on short notice. The Foundation sold directly 26,281,671 ,USDT and 23,555,590 USDC for an aggregate 50,200,071 UST. It also transferred 52,189 BTC to trade with a counterparty, net of an excess of 5,313 BTC that they have returned, for an aggregate of 1,515,689,462 UST.

In summary, LFG has gone from having $3.1 billion in its reserves a week ago to now having roughly $87 million. This means they spent roughly $3 billion defending the UST peg and the stablecoin still collapsed.

Binance CEO Changpeng Zhao affirmed to have also been impacted by the collapse of Terra’s LUNA and UST. The cryptocurrency exchange received 15,000,000 LUNA as part of the firm’s original $3 million investment. The tokens were worth $1.6 billion at their peak, and are now worth less than $3,000. Still, Zhao urged LFG to compensate retail users for their losses first before compensating institutional investors. 

Source: FXStreet – FXStreet Team

Read Finland and Sweden set to submit NATO applications in historical move while Russia pulls back

Read EURCHF defends crucial supports

Post Views: 124

Related posts:

AAATradeUSD/JPY: Pair To Consolidate? RoboForexForex technical analysis and forecast: Majors, equities and commodities XMUSD/CHF Stretches Winning Streak To 2-Year High; Is The Rally Overdone? XMGroupTechnical analysis: AUD/USD around 0.7100 mark but bearish risks linger RoboForexMurrey math lines: EUR/USD, GBP/USD ForexNewsSterling slides on growth concerns, FTSE 100 edges up to a one week high Forex NewsStocks in a bind post-Fed OrbexIntraday market analysis: USD consolidates gains
Tags: Forex NewsLuna Foundation Guardthe price of UST began to drop substantially below one dollar.
exness
Previous Post

Finland and Sweden set to submit NATO applications in historical move while Russia pulls back

Next Post

35% + 25% Deposit Bonus | MFM Securities

fxvnpro

fxvnpro

Next Post
MFM Securities

35% + 25% Deposit Bonus | MFM Securities

Comments 3

  1. Pingback: EURCHF defends crucial supports
  2. Pingback: Finland and Sweden set to submit NATO applications
  3. Fake Louis Vuitton Alma handbag says:
    1 month ago

    Thanks for finally talking about > Luna Foundation Guard sold 46,876 BTC amid Terra…
    < Liked it!

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

XM
  • Trending
  • Comments
  • Latest
PrimeXBT

Step2earn Contest (06.06.22) | PrimeXBT

May 31, 2022
Tiomarkets

TIOmarkets: Client Sentiment Analysis And Trading

April 16, 2022
XTrade

Xmas Season Bonus (26.12.21) | XTrade

April 27, 2022
NordFX

Super Lottery 2022 | NordFX

May 12, 2022
FPMarkets

What is Forex Trading? (Part 1)

25
ForexNews

Key Trading Levels: AUD/USD, EUR/USD, GBP/USD, NZD/JPY, other currencies, USD Index, and SP500

14
Tiomarkets

Learn how to start trading Cryptos

11
CMC Markets

What Is Bitcoin?

9
Forex Chief

Trading Indicators – Forex on balance volume

June 25, 2022
MACD

Trading Indicators – Moving Average Convergence Divergence

June 25, 2022
N1CM

50% First Deposit Bonus | N1CM

June 25, 2022
Tiomarkets

MT4 vs MT5: What trading platform to choose?

June 25, 2022

Recent News

Forex Chief

Trading Indicators – Forex on balance volume

June 25, 2022
MACD

Trading Indicators – Moving Average Convergence Divergence

June 25, 2022
N1CM

50% First Deposit Bonus | N1CM

June 25, 2022
Tiomarkets

MT4 vs MT5: What trading platform to choose?

June 25, 2022

Advertisement

fbs



300_250_en stocks

Connect to FXVNPRo

facebook twitter telegram

Now online

FXVNPRo

FXVNPRo Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact us:
– Skype: fxvnpro
– Email:

admin@fxvnpro.com

fxvnpro@gmail.com

Payment methods:
– Webmoney
– Perfect Money
– Paypal
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Disclaimer

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in the Financial Market such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. FXVNPRo is not responsible for any information on the website.

Risk warning

Please be aware of your investment into trading markets which is high risk and not suitable for everyone.

Recent Posts

  • Trading Indicators – Forex on balance volume
  • Trading Indicators – Moving Average Convergence Divergence
  • 50% First Deposit Bonus | N1CM
  • MT4 vs MT5: What trading platform to choose?
  • Cash Puzzle – Cash Prize Up To $15000 | Weltrade
  • Up To 30% Deposit Bonus | Errante
  • Boost Stars Campaign | Rakuten Trade
  • CEO Challenge 2022 | Fullerton Markets
  • Free $5 Rookie Accounts | XSocio Markets
  • 100% ALLSTAR Bonus | RallyTrade

© 2013 - 2022 FXVNPRo - Forex Expert Advisors | Forex Promotions | Forex News.

No Result
View All Result
  • Home
    • Advertising Promotion
    • Brokers Listing
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Promotional Content
    • Forex News
  • Expert Advisors
    • Expert Advisors Price
  • Forex Promotions
    • Best Promotions
    • Forex Demo Contest
    • Forex No Deposit Bonus
    • Forex Cashback Rebate
    • Affiliate Program
    • Forex Deposit Bonus
    • Forex Live Contest
    • Other Promotions

© 2013 - 2022 FXVNPRo - Forex Expert Advisors | Forex Promotions | Forex News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In