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Daily Flash | The founder of Terra stated that everything was about to be settled；The BTC inflow exchange reached a new high in the recent years
Daily Flash | The founder of Terra stated that everything was about to be settled；The BTC inflow exchange reached a new high in the recent years
11 May 11:33
Today's Topic - Do Kwon, founder of Terra: everything was about to be settled. Hold on!
On May 11, according to three sources, Luna foundation LFG was seeking to raise more than $1 billion from institutions to support UST.
It is understood that the details of the financing are as follows: the financing sought by LFG is approximately $1 billion to $1.5 billion. Jump Trading, Celsius and Jane Street have agreed to the financing, with a commitment of approximately $700 million, but Alameda Research has not yet agreed. The condition of the institutions is to get a LUNA spot at a price discount of 50%, lock position for one year, and unlock it linearly on a monthly basis after one year.
Larry stressed that the financing has not been confirmed and everything is likely to change.
Today's Chart - The BTC inflow reached a new high in the recent years
The inflow of BTC blue whale reached a new high:
1. The inflow of the exchange reached a one-year high;
2. The inflow of spot exchanges hit a two-year high.
Today's Influencer - Yellen: assets similar to UST are bringing risks, and the supervision of stablecoin is imminent
On May 10, at the meeting on Capitol Hill, Yellen, US Treasury Secretary, talked about the regulation of US dollar stablecoin in the cryptocurrency market. Yellen believed that the US dollar stablecoins regulation is imminent, "this field is growing rapidly and brings huge risks. It is well known that Terra UST has experienced a round of decline today".
Luna fell by 8% and UST also fell from $0.92 to $0.89 after US Treasury Secretary Yellen's news release on UST's risk warning. As of the time of posting, Luna's price was $14.75, while UST was still decoupled at $0.83.
Hot events yesterday - #Bitcoin exchange inflows hit a one-year high, #the Federal Reserve may intervene to stablecoin regulation
Bitcoin Exchange Inflow hit a one-year high, with a large influx of BTC short positions
India is considering a 28% cryptocurrency tax
El Salvador bought another 500 Bitcoins when the market fell
Fed: warn the risk of stablecoin operation and many intervene in supervision
Instagram will support NFTs this week, and then log into Facebook
Author: Gate.io Researcher: Byron B. Translator: Joy Z.
* This article represents only the views of the researcher and does not constitute any investment advice.*Gate.io reserves all rights to this article. Reposting the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.
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