The Luna Foundation Guard (LFG), a non-profit organization launched earlier this year to ensure the stability of the Terra USD (UST) stablecoin peg and boost the Terra ecosystem’s growth, has raised $1 billion for a UST reserve fund.
Learn how to earn Anchor Protocol (ANC) by staking BNB, BUSD, and LUNA on Binance Launhcpool in our step-by-step guide.
The final weeks of a year are usually relatively quiet – most projects use this time to go on a well-deserved break, and typically don’t have major announcements or launches during the period. However, that doesn’t mean that nothing interesting is happening in crypto right now. Here are 3 crypto projects that will be worth following in the coming days.
Over the course of the last 24 hours, the cryptocurrency markets have been experiencing strong bullish action, which led to an almost 5% increase in the total market capitalization value and caused virtually all digital assets in the top 100 to trade in the green zone.
As we move through the final month of the year, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
After weeks of deliberation, alternative investment firm Grayscale Investments has launched a cryptocurrency trust based on SOL, the native token of a Proof-of-History (PoH) Layer 1 blockchain network Solana.
Leading digital currency asset management firm Grayscale has announced it is exploring adding Terra and Avalanche digital assets to its product family of supported crypto assets. With the company’s total assets under management (AUM) being just a tad over $56 billion, Grayscale holds considerable sway in the cryptocurrency industry. The addition of LUNA and AVAX could play a huge role in the continued development of both projects.
Columbus-5 upgrade that launched on September 30 is the most significant mainnet update to the Terra ecosystem to date. It laid the foundation for the upcoming launch of inter-blockchain communication (IBC) protocol and Wormhole interoperability solution, which will significantly expand Terra’s functionality.
Last week Bitcoin broke the $55,000 resistance level and now seems to be headed to reclaim the $60,000 valuation. Along the way, Bitcoin’s total market capitalization also surpassed $1 trillion. Ethereum and many other altcoins largely followed the bullish trend, carrying the total market capitalization of the crypto sector above $2.3 trillion. Although we believe BTC and ETH are almost always a safe and sound investment, we went on the lookout for greater potential returns this week, which means that we had to venture in riskier and often also more speculative markets, such as meme tokens and blockchain gaming. However, be aware, that this article does not constitute financial advice and that you should always do your own research prior to investing.