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According to the Financial Times, UK financial regulators are conducting an urgent assessment of the risks of Anthropics latest AI model.On April 12th, Maybank senior strategist Fiona Lim stated that while the market may be somewhat disappointed by the lack of progress in US-Iran negotiations, this was not entirely unexpected. The US dollar may gain further upward momentum at the opening on Monday. Some Asian currencies, particularly those of net energy importers such as the South Korean won, Philippine peso, Japanese yen, and Thai baht, began to weaken last Friday and may continue to face pressure this week.On April 12th, Saxo Banks Chief Investment Strategist, Charu Chanana, stated that the failure of the US-Iran negotiations was a setback. For the market, this means the previous easing of tensions is likely to fade. Oil prices may rebound, risk sentiment will be dampened again, and the Strait of Hormuz, even without a complete closure, will remain a real choke point risk. However, this is not surprising given the significant differences in the two sides positions on nuclear safeguards and the Strait of Hormuz issue. For the US dollar, this means some renewed safe-haven support, but unless there is a new military escalation, a broad-based surge is unlikely. Gold may benefit from renewed geopolitical hedging demand, but the market is not yet fully back to the worst-case inflation shock scenario.Kremlin: Russia is prepared to sell natural gas to Europe if there is still a surplus in supply to "alternative markets".Kremlin: Russia currently has only 17% to 18% of Donetsk Oblast in Ukraine out of control.

Binance.US Adds Terra UST Stablecoin As Base Pair for Cryptocurrencies

Cory Russell

Apr 24, 2022 09:40

Binance. Today, the United States formally designated UST as the Bitcoin base trading pair.


Since the release of the $10 billion Bitcoin reserve, everyone has been talking about the stablecoin.


LUNA is once again on the verge of setting a new all-time high.


Terra, LUNA, and UST have been attracting a lot of interest from investors, developers, analysts, and traders in the crypto sector for a time now.


The bullish storm that the DeFi chain has sparked isn't going to let up anytime soon. Especially in light of today's events.

UST Is Now A Base Pair

Because UST is a base pair, other cryptocurrencies will be able to trade against it in the same way they can with USD, if the option is available.


Binance disclosed this development earlier this month, along with the delisting of the UST/BTC trading pair and the cancellation of all existing trade orders. UST is currently only available as a Bitcoin base pair.


Binance isn't the first to do so; in fact, OKX, one of the top 20 cryptocurrency exchanges in the world, introduced UST as a base pair for Bitcoin, Ethereum, Solana, and Avalanche earlier this month.


TerraUSD has garnered traction in the market as a result of its CEO Do Kwon's announcement that he intends to create a $10 billion+ UST reserve in Bitcoin.


At its current value, $10 billion in Bitcoin corresponds to roughly 253183.79 BTC, making Terra the largest Bitcoin holder at the time, surpassing MicroStrategy's current holdings of around 129,218 BTC.

At The Moment, LUNA

Terra's native cryptocurrency, LUNA, is presently the year's best-performing asset, with gains of 142.22 percent from February to April and a new all-time high of $119.5 at the same time.


Although LUNA is now trading at $93.5, it is on its approach to gradually exceeding the $120 mark, owing to the 23.5 percent rise seen three days ago.

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