UST has lost its peg from the dollar, and its native token LUNA is down is down 90%, currently trading at a 12-month low of $4.69. Avalanche posted a tweet saying that the Luna Foundation Guard had "disclosed no plans" for the 2 million AVAX tokens in its treasury. Earlier today, Terraform Labs announced on Twitter that it had donated 10 million Luna to the Luna Foundation Guard(LFG). And during the past week, Luna Foundation Guard has made a series of digital asset buys: It purchased $230 million in bitcoin on April 6 and $200 million in AVAX on April 8. The LFG is a treasury that supports the growth and development of the Terra ecosystem. Its holdings now stand at about $260 million- a far cry from the over $4 billion the LFG commanded less than two weeks ago. Over the weekend, Luna Foundation Guard (LFG), the treasury behind TerraUSD's (UST) algorithmic stablecoin, bought more Bitcoin for the equivalent of $173 million. . . Luna Foundation Guard of TerraUSD (UST) and Bitcoin purchases . The Luna Foundation Treasury, which backs the TerraUSD algorithmic stablecoin, added $173 million in bitcoin to its wallet over the weekend via a series of buys! LFG Council has voted to burn another 4M luna to . The Guard of the Luna Foundation Explains Backup Actions. . coindesk.com - Luna Foundation Guard bought $173 million worth of bitcoin over the weekend, but bitcoin is down 2%. As such, the Luna Foundation Guard council voted in favor of burning 4.2 million LUNA to UST and selling it to markets like Curve, whose stablecoin pools have been losing balance due to the high . The Luna Foundation Guard (LFG), the treasury that backs the TerraUSD algorithmic stablecoin, added $173 million in bitcoin to its wallet over the weekend via a series of buys. Republic of Singapore The Luna Foundation Guard (LFG) revealed on Monday that the recent Terra crash, and its measures to support UST had wiped out most of its reserves. During the past week, the LFG has made a . The Luna Foundation Guard (LFG), the group in charge of maintaining the dollar peg of UST, the Terra ecosystem's algorithmic stablecoin, has broken its silence to explain how the funds in its custody were used. In fact, in order to jump above the electric car maker's bitcoin treasury, LFG . Smart-contract blockchain Avalanche said in a tweet that Luna Foundation Guard (LFG), the entity behind Terra blockchain's failed UST stablecoin, has "disclosed no plans" for . Market analyst and advisor to the Luna Foundation Guard (LFG) Remi Tetot has offered an update on the treasury's balances. Close to announcing a recovery plan for . Investors and analysts continue to cast doubt on the Luna Foundation Guard's reserves. Luna collapsed, terraUSD collapsed and this is now going to be a Big Thing. Terra fails to give a plan for AVAX reserves. UST has lost its peg from the dollar, and its native token LUNA is down is down 90%, currently trading at a 12-month low of $4.69. The LFG has been creating cryptocurrency reserves, accumulating more Bitcoin since the beginning of the year. May 20, 2022. The Luna Foundation Guard (LFG) is dedicated to economic sovereignty, security, and open-source software that helps build a truly decentralized economy. According to the announcement, the burn will allow the LFG mint around 372 million in UST. The total reserve balance in the LFG treasury has since declined to $2.89 billion after peaking at $3.9 billion a few days ago. LUNA is Growing. Breaking: Luna Foundation Guard Member Says Terra Reserves En Route - Coingape. On April 13, Terra's Luna Foundation Guard (LFG) acquired 2,508.94 bitcoin worth close to $100 million at the time of settlement. The Luna Foundation Guard's bitcoin wallet is getting awfully close to surpassing Tesla's stash of 42,902 BTC. Il a été près de deux semaines depuis que la crypto-monnaie LUNA de Terraform Labs et le stablecoin algorithmique Terra USD (UST) ont implosé, entraînant avec . Georgetown pictures: Check out Tripadvisor members' candid photos and videos of landmarks, hotels, and attractions in Georgetown. Avalanche posted a tweet saying that the Luna Foundation Guard had "disclosed no plans" for the 2 million AVAX tokens in its treasury. Terra's development is coordinated by the Luna Foundation Guard or LFG a Singaporean non-profit that was incorporated in January this year. Do Kwon has announced a recovery plan in the works for UST and, therefore, the Terra ecosystem. Terra is a Proof of Stake (PoS) blockchain in which LUNA is used to keep the algorithmic stablecoin's peg to the U.S. dollar. Jordan Major / Finbold: LUNA dives 50% in a day wiping 10 billion from its market cap; . The . (UST) and terra (LUNA). The LFG is a treasury that supports the growth and development of the Terra ecosystem. Terra's development is coordinated by the Luna Foundation Guard or LFG a Singaporean non-profit that was incorporated in January this year. Luna Foundation Guard Spent $3B In Unsuccessful Bid To Defend UST Peg LFG burned through its Bitcoin reserves in an attempt to shore up UST. The Luna Foundation Guard, which acts as the treasury for the Terra project, has used its vast . Backer of Terra's UST stablecoin, the LUNA Foundation Guard (LFG), has announced that it acquired an additional $1.5 billion worth of Bitcoin to boost its reserve strategy.In a tweetshared yesterday, the LFG confirmed it had purchased 37,863 BTC tokens.. LFG surpasses Tesla in BTC holdings. Open Links In New Tab. . The British Treasury has declared about regulating the stablecoins . This proposal has received support from 79% of the votes, but there is still a pending question of how the project will utilize the remaining tokens in its treasury. Do Kwon has announced a recovery plan in the works for UST and, therefore, the Terra ecosystem. Over the weekend, Luna Foundation Guard (LFG), the treasury behind TerraUSD's (UST) algorithmic stablecoin, bought more Bitcoin for the equivalent of $173 million. According to estimates, Luna Foundation Guard (LFG) now holds nearly 40,000 BTC in its wallet, exactly 39,897.98 BTC, the equivalent of more than $1.67 billion. The rising rate environment, paired with weakening economic activity, is creating a risk-off environment, Franzen added. Tetot tweeted about this on May 16, saying that it was time he broke the silence and informed the community of the steps soon to be taken. The purchase made the Singapore-based nonprofit the second-largest corporate holder of Bitcoin - a . The Guard of the Luna Foundation Explains Backup Actions. The Luna Foundation Guard (LFG), an organization that supports the Terra ecosystem, shared a breakdown of its remaining assets on Monday. Headlines News Luna Foundation Treasury Now Holds 40,000 BTC After $173 Million Purchase. . LFG now has 39,897.98 bitcoin in its wallet, worth approximately $1.67 billion. The Luna Foundation Guard possessed a stockpile of 80,394 BTC, among other . Smart-contract blockchain Avalanche said in a tweet that Luna Foundation Guard (LFG), the entity behind Terra blockchain's failed UST stablecoin, has "disclosed no plans" for . Ever . The average Senior VP - Treasury salary in Georgetown, Pennsylvania is $216,400 as of March 29, 2022, but the salary range typically falls between $187,200 and $265,200. Frank Chaparro / The Block: Sources: Luna Foundation Guard aims to raise $1B+ to shore up UST stablecoin, now trading for ~$0.92; one deal being negotiated offers LUNA tokens at 50% off. "As liquidity gets pulled out of the financial system, risk assets are getting repriced," Franzen said. Last week, Terra's stablecoin UST began to crash far . The HM Treasury, UK Treasury Department by acting on this has planned to . The purchase follows the 4,130 bitcoin LFG scooped up three days ago, and LFG's wallet is now just over 495 bitcoin away from surpassing Tesla's bitcoin treasury stash. The LFG has around $60 million worth of AVAX tokens in . Market. From a personal point of view, I remain available to LFG in my current advisor . Binance has suspended withdrawals of LUNA and UST until trading volume reduces. The non-profit organization has now voted in favor of yet another enormous LUNA token burn from its treasury, which will occur shortly. The so-called UST functions as an algorithmic stablecoin pegged to the price of the US dollar. The Luna Foundation Guard (LFG), a recently formed non-profit organization to support decentralization, economic sovereignty, and to foster the growth of the Terra ecosystem, has unveiled the . I would go so far as to say that UST's collapse, as dramatic as it was, will have a legacy similar to Libra's. PSA . The Luna Foundation Guard used $1.5 billion from its treasury to help project the $1 peg of UST. During the past week, the LFG has made a series of digital asset buys: It purchased $230 million of bitcoin on April 6 and $200 million in AVAX on April 8. . Do Kwon, the co-founder of the Terra network, recently proposed the creation of a completely new chain with a new LUNA token. Luna Foundation Adds More Bitcoin to […] That's a hefty sum, and it's the sum of a series of purchases over time, the most recent of which was this past weekend, worth $173 million in BTC. LUNA is Growing. This proposal has received support from 79% of the votes, but there is still a pending question of how the project will utilize the remaining tokens in its treasury. The total reserve balance in the LFG treasury has since declined to $2.89 billion after peaking at $3.9 billion a few days ago. Bitcoin's value nears $30,000 mark as Luna Foundation Guard liquidates wallet. There are two main factors driving pressure on bitcoin prices right now, Caleb Franzen, senior market analyst at Cubic Analytics, said to TechCrunch. Luna Foundation Guard close to announcing recovery plan for TerraLuna, UST. The Luna Foundation Guard reserve is currently at $2.92 billion. Bitcoin's price is down more than 50% from its November 2021 peak and has fallen over 11% today, nearing the . Luna Foundation Guard Drains Bitcoin Treasury To Save UST Peg. He said that balance reserves are on the way and that more information would be offered soon. LFG now has 39,897 . The Luna Foundation Guard possessed a stockpile of 80,394 BTC, among other . US Treasury Secretary Janet Yellen gives her first speech on digital assets, saying a CBDC "would require years of development, . Avalanche posted a tweet saying that the Luna Foundation Guard had "disclosed no plans" for the 2 million AVAX tokens in its . Luna Foundation Guard of TerraUSD (UST) and Bitcoin purchases . The Luna Foundation Guard, the non-profit organization, focused on backing the TerraUSD algorithmic stablecoin, has recently been on a Bitcoin shopping spree, snapping up a considerable sum of BTC and adding it to its already existing portfolio. The LFG has been creating cryptocurrency reserves, accumulating more Bitcoin since the beginning of the year. Earlier today, Terraform Labs announced on Twitter that it had donated 10 million Luna to the Luna Foundation Guard(LFG). The Luna Foundation Guard (LFG), the group in charge of maintaining the dollar peg of UST, the Terra ecosystem's algorithmic stablecoin, has broken its silence to explain how the funds in its custody were used. The UST proceeds will be used to acquire additional collateral to bolster the foundation's non-LUNA reserves. The Luna Foundation Guard (LFG) announced on Tuesday that the organization's council has voted to burn an additional 4 million of Terra's native token LUNA. Some of its swaps are raising eyebrows. . May 20, 2022. While UST isn't backed by any assets in reserve, its value is fixed through the minting and burning of LUNA as users can always swap $1 worth of LUNA for 1 UST and vice-versa. Le conseiller de Luna Foundation Guard dit . Terra fails to give a plan for AVAX reserves A couple of hours ago, Terra's Luna Foundation Guard . Tin Tiếng Anh; Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury The Luna Foundation Guard (LFG), the treasury that backs the TerraUSD algorithmic stablecoin, added $173 million in bitcoin to its wallet over the weekend via a series of buys. The non-profit organization has now voted in favor of yet another enormous LUNA token burn from its treasury, which will occur shortly. With that, LFG now has 39,897.98 bitcoin in its wallet . Terra is a Proof of Stake (PoS) blockchain in which LUNA is used to keep the algorithmic stablecoin's peg to the U.S. dollar. Altszn.com provides the latest news, resources, insights and analysis on cryptocurrency, DeFi, penny stocks and other alternative markets. Avalanche, a smart-contract blockchain, said in a tweet that Luna Foundation Guard (LFG) - the entity behind the reserve fund set up to backstop the Terra blockchain's now-failed UST stablecoin . According to the Luna Foundation Guard (LFG), the organization's council has agreed to burn an extra 4 million LUNA, Terra's native token, to fund the organization's operations. According to the Luna Foundation Guard (LFG), the organization's council has agreed to burn an extra 4 million LUNA, Terra's native token, to fund the organization's operations. Close to announcing a recovery plan for . The Luna Foundation Guard (LFG), official stewards of Terra's bitcoin reserves, released a statement today documenting how they disbursed millions of dollars worth of crypto in defense of failed . The Luna Foundation Guard (LFG), the treasury that backs the TerraUSD algorithmic stablecoin, added $173 million in bitcoin to its wallet over the weekend via a series of buys. Economy cryptocurrencies Cryptocurrency EC Blockchain Janet Yellen luna stablecoin TC terra Terraform Labs tether U.S. Treasury UST . The . LFG now has. Note that all these details will be relevant later, so . Luna Foundation Guard, the second largest known holder of Bitcoin, liquidated almost its entire reserves last week worth billions in a failed attempt to defend the Terra UST stablecoin peg. While UST isn't backed by any assets in reserve, its value is fixed through the minting and burning of LUNA as users can always swap $1 worth of LUNA for 1 UST and vice-versa. 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