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Do Kwon
The LUNA and UST Crash Explained in 5 Charts
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday.
'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
Terra's UST briefly fell below $6.5 billion in market cap on Wednesday morning, allowing DAI to be the fourth-biggest stablecoin on the market for a time.
Do Kwon Is the Elizabeth Holmes of Crypto
If you promise investors something impossible, is it a crime?
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
Terraform Labs founder Do Kwon has been revealed as one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash. This comes as TerraUSD (UST) and Terra’s LUNA continue their downward spiral. “The Hash” panel discusses what this means for the fate of UST and the Terra Luna ecosystem. Is history repeating itself?
UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say
Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.
Terraform Labs Gives $820M in LUNA Tokens to Luna Foundation Guard
LFG's reserves now stand at about $2.4 billion.
Luna Foundation Guard Adds $100M in BTC to UST Reserves
LFG's balance now sits at $2.26 billion, 75% of which is bitcoin.
Luna Foundation Guard Holds Almost 40,000 BTC After Weekend Purchase
Luna Foundation Guard bought $173 million worth of bitcoin over the weekend, but bitcoin is down 2%.
Swan Bitcoin CEO on LFG’s Bitcoin Reserves Impacting the Crypto Markets
Swan Bitcoin CEO Cory Klippsten discusses the Luna Foundation Guard’s recent bitcoin buying spree for its UST reserves, commenting on the Anchor Protocol and Terraform Labs Co-Founder Do Kwon’s recent statement about Terra’s impact on the crypto markets. Plus, comments on bitcoin adoption curve and why he thinks BTC’s market cap could reach $21 trillion eventually.
Just as Hal Finney Predicted, Bitcoin Is Being Purchased to Act as a Reserve Currency
With a plan to buy up $10 billion of BTC, Do Kwon’s UST stablecoin project may be fulfilling a prophecy by the late recipient of the first bitcoin transaction.
