Terra Announces New Emergency Measures To Support LUNA And UST
Terraform Labs on Thursday said it has proposed three new emergency measures to save LUNA and UST stablecoin. The company has proposed to burn all UST in the community pool, burn the remaining 371 million UST cross-chain on Ethereum, and stake 240 million LUNA to protect from network governance attacks.
🔥Breaking: Crypto NFT Platform Sorare Partners With Major League Baseball (MLB)
After fantasy soccer, Sorare announced it is now venturing into baseball in the NFT gaming sphere. The partnership between Major League Baseball (MLB), MLB Players and Sorare will work towards launch the first Major League Baseball NFT based free-to-play game to be released this summer.
🔥Binance Warns Of More Terra Disruptions As Withdrawals Skyrocket
Binance, the world’s largest crypto exchange, warned on Thursday that trading Terra on its platform will be prone to disruptions.The exchange cited surging withdrawal requests for LUNA, which have congested the network. Binance had temporarily suspended LUNA withdrawals earlier this week, and said it might be forced to do so again.
🔥TRX Prices Jump 7% After Tron Buys This Stablecoin At A Discount
Amid the current market dump, every cryptocurrency is trying to hold its fort. In this bid, many crypto leaders are moving the funds to ensure the stability of their network’s tokens. TRON Founder Justin Sun recently announced a $2 Billion reserve to shield its native token TRX amid Terra’s historic crash.
📈This Top-50 Crypto Has Risen Past Wednesday’s Market Crash
Axie Infinity (AXS), native token to the popular blockchain game, has vastly outpaced the crypto market in the past 24 hours.AXS is trading up 7% in the past 24 hours at $23.1. This comes despite most other top-50 crypto tokens plummeting between 6% to 35% in the same period. Apart from AXS, the only other gainers are stablecoins.
📈TRX Price Analysis: Concentrated EMAs Assist Buyers To Defense $0.072
With Bitcoin losing $30000 support and a massive collapse in LUNA and UST stablecoin price, the crypto market has witnessed outraged selling over the past week. However, battling the broader market sentiment, TRON(TRX) price went through a volatile phase to prevent some major losses.