Bitcoin24h $83,633.58-6.41%

Ethereum24h $2,774.38-7.82%

BNB24h $855.29-5.12%

XRP24h $1.78-7.02%

Solana24h $115.77-7.98%

TRON24h $0.2901-1.20%

Dogecoin24h $0.1148-8.03%

Cardano24h $0.3278-8.23%

Bitcoin Cash24h $551.19-6.79%

Hyperliquid24h $32.38-1.85%

Luna 2.0: It came, they sold, it tanked

Recipients of revamped Luna tanked the token just hours after launch as they scrambled to recoup losses caused by the original’s devastating crash.

Crypto exchanges welcome Luna 2.0 but holders face two-year token wait

HitBTC, Huobi and Binance have all shown support for the revival of Terra’s blockchain as authorities continue to investigate its collapse.

YCombinator startup StableGains held millions of dollars worth of customer funds within Anchor Protocol and lost it all.

In April the UK chancellor announced plans to recognize stablecoins. Terra’s recent collapse will give regulators food for thought.

South Koreans are leading the charge in taking legal action against Do Kwon and Terra, citing heavy investor losses and potential fraud.