EUR/USD 1.11923
0.064%
Gold 3241.69
-0.256%
Oil 62.947
-0.394%
USD/JPY 147.241
-0.163%
GBP/USD 1.33135
0.046%
GBP/JPY 196.034
-0.079%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Fitch Ratings: Australias major banks earnings performance remains resilient amid economic uncertainty.The main contract of the Container Shipping Index (European line) rose by more than 5.00% during the day and is now at 1564.1 points.The main contract of the Container Shipping Index (European Line) expanded its intraday gain to 4.00% and is now trading at 1547.6 points.May 14th news, photomask (plate) is a mold required for the production of integrated circuits. It is a structure used for selective exposure of photoresist coatings. Its principle is similar to using negative film to copy images onto photos when developing photos. South Korean technology media The Elec reported today that Samsung Electronics is planning to outsource the production of photomasks required for memory chip manufacturing. It is said that Samsung has started the supplier evaluation process. Candidate companies include Tekscend Photomask, a subsidiary of Japans Toppan Holdings, and PKL, a subsidiary of the United States Photronics. The evaluation results are expected to be announced in the third quarter.On May 14, Morgan Stanley said that JD.com (JD.O) raised its revenue and earnings growth expectations for the group and retail business (JDR) to double digits in 2025, which is good for the stock price; but the takeaway business did not provide loss guidance, which may lead to further downward adjustment of earnings expectations for the rest of 2025. Analysts Eddy Wang and others said in the report that JD.coms total revenue is expected to increase by 13% year-on-year in 2025. The bank lowered its earnings forecasts for JD.com in 2025, 2026 and 2027 by 14%, 7% and 5% respectively to reflect the investment in the takeaway business. Maintain the "Equal Weight" rating and lower the target price of American depositary receipts to US$39.

Within 72 Hours Since Its Launch, Terra LUNA 2.0 Crashes by 55%

Jimmy Khan

May 31, 2022 14:39

微信截图_20220531143112.png


Do Kwon and Terraform Labs' revival of Terra wasn't well accepted by investors.


Terra's collapse will be regarded as the worst crypto tragedy, but the blockchain's crew isn't giving up.


Terraform Labs issued Terra 2.0 three days ago to bring back investors, but investors have a different agenda for the coin.

Terra LUNA 2.0 Launch Flop

Terra 2.0, launched with a circulating supply of 210 million LUNA and a max supply of 1 billion LUNA, reinitiated the blockchain and brought back all the DeFi protocols.


Terra started airdropping tokens to investors who owned LUNA classic (LUNC). Terra tweeted about the numerous uses for new LUNA, including staking it on Terra Station to receive incentives and participate in governance choices, utilizing it on dApps upon launch, and exchanging it on an exchange.


Almost every major cryptocurrency exchange backed LUNA's listing. Binance airdropped tokens to users depending on their holdings.


Investors weren't pleased. Most customers were ineligible for the new LUNA airdrop since they sold it when the price fell on May 5.


Most had left the LUNC market before the new strategy was unveiled.


Those still holding LUNC are dumping the new LUNA token as soon as they get it.

New crash cause

LUNA crashed during the previous 72 hours due to the dumping. The cryptocurrency launched at $17.8 and rose to $19.5 before plummeting to $4.19.


The price has rebounded marginally in the previous 24 hours, but it's still 57% below debut, at $8.4.


It's too early to tell whether Terra can recover from the current hardship and restore investors' trust, but it will take a long time to reach its previous highs.

Suggestion