Terra validator hits out at Do Kwon’s ‘dictatorship model’ on key fork vote - Terra validator Allnodes says the way the revival plan vote was managed goes against the philosophy of crypto.

Terra community seems dead set against Do Kwon’s fork proposal - According to an online poll, 90% of the community disagrees with Terraform Labs CEO Do Kwon’s path forward.

Do Kwon Wants to Fork LUNA's Blockchain to Make 'Terra Classic' - Under a plan proposed by Do Kwon, the current chain would be renamed Terra Classic. The new chain would ditch the UST stablecoin.

Ethereum cofounder Vitalik Buterin wants average Terra holders to be compensated via 'coordinated sympathy' after the stablecoin's crash - The cofounder of the world's second-largest cryptocurrency called for "smallholders" of TerraUSD to be compensated for their losses.

Luna Foundation Guard depleted its $3 billion reserves to try to save UST, it reveals - LFG said it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablecoin. 

Do Kwon Resurfaces to Propose Clean Slate for Terra—Without UST Stablecoin - Terra co-creator Do Kwon has a plan to revive the network after its collapse. It doesn't involve UST stablecoin.

Binance CEO Changpeng Zhao disappointed with how Terra handled UST’s collapse - Binance CEO Changpeng Zhao has weighed in on the collapse of the stablecoin TerraUSD (UST) and its related token Luna (LUNA).

Terraform Labs Launches 3 Emergency Actions to Save LUNA, UST Stablecoin - In a race to remove all bad debt from the Terra ecosystem, Terraform Labs is pulling out all the steps with three emergency actions.

BTC Pain, UST Turbulence, & Intro to Token Sinks - Chart of The Day: BTC Holders Extend Losses Note: Glassnode separates BTC holders into two classifications. Short-Term Holders (STHs) of […] The post BTC Pain, UST Turbulence, & Intro to Token Sinks appeared first on Delphi Digital.

VanEck, Wrong-footed by UST Collapse, Casts Doubt on Do Kwon’s Rescue Plan - The once booming DeFi ecosystem is in turmoil, with no help in sight from cryptocurrency’s biggest players The post VanEck, Wrong-footed by UST Collapse, Casts Doubt on Do Kwon’s Rescue Plan appeared first on Blockworks.

As Terra’s Dollar Stablecoin UST Collapses, LUNA Falls 97% to Under $1 - While Terra's UST trades more than $0.75 from its dollar peg, the currency responsible for maintaining that peg, LUNA, is also in freefall.

Terra blockchain token LUNA falls below $15 - The price of LUNA, the governance token of the Terra blockchain ecosystem, fell sharply on Tuesday.

Luna Foundation Guard seeks more than $1 billion to shore up UST stablecoin: sources - The Luna Foundation Guard has held talks with large investors with the aim of raising over $1 billion to shore up UST amid weakening sentiment in the crypto market.

LUNA’s Fall Doomed UST in Painful Lesson for Investors Terra's Algo Stablecoin Joins Long List of Failed Experiments - LUNA's Collapse May Consign UST to Long List of Failed Algo Stablecoins

Trader doubles down on $10 million bet against Do Kwon through LUNA short position - The pseudonymous trader has doubled down on his bet against LUNA by shorting the coin with an additional $10 million.

Luna Foundation Guard Loans $1.5B in Bitcoin, UST to Protect Stablecoin - Amid extreme market volatility, the non-profit organization supporting all things Terra has voted to deploy $1.5 billion to defend UST’s dollar peg.