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Michael Novogratz’s Galaxy Digital will pay $200 million over allegations it promoted LUNA while selling millions of tokens at a profit before the token’s collapse. Galaxy Digital, a crypto investment firm founded by Michael Novogratz, has agreed to a $200 million settlement with the New York Attorney General’s office over allegations it promoted the algorithmic … Read more
The Terra Luna Classic token is showing signs of bottoming after crashing by over 90% from its all-time high. Terra Luna Classic (LUNC) price has found strong support at $0.00005385, where it has failed to drop below since its inception. That is a sign that the coin may be on the cusp of a bullish … Read more
In a seemingly peculiar bipartisan alliance, conservative House Freedom Caucus member Rep. Anna Paulina Luna, R-Fla., and Congressional Progressive Caucus member Rep. Alexandria Ocasio-Cortez, D-N.Y., teamed up to push a measure that would cap credit card interest rates at 10%. “The annual percentage rate applicable to an extension of credit obtained by use of a … Read more
South Korea’s Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products. Korea‘s Supreme Court has ruled that the collapsed stablecoin TerraUSD (USTC) and its sister token Terra (LUNA) are not financial investment products, rejecting a prosecution appeal and upholding earlier decisions, Korean … Read more
Crypto traders betting on higher prices just got wrecked. Over $2.2B in liquidations hit the market as Bitcoin fell to $91K and Ethereum crashed 20% in 24 hours. Traders who were betting big on prices moving higher saw their positions forcefully liquidated as panic over Trump’s newly imposed tariffs on Canada, Mexico, and China triggered … Read more
Sunny Aggarwal, Co-Founder of Osmosis, believes THORChain’s liquidity issues mirror the 2022 Terra Luna collapse. THORChain, a decentralized cross-chain liquidity protocol, has paused its network operations due to a significant debt crisis amounting to nearly $200 million. This move has drawn parallels to the 2022 collapse of Terra/Luna, with Sunny Aggarwal, Co-Founder of Osmosis, a … Read more
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