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The State Administration for Market Regulation issued a public notice soliciting opinions on the "Regulations on Transparent Pricing in the Funeral Industry (Trial) (Draft for Comment)". The deadline for feedback is December 25, 2025.On November 26, the European Central Bank (ECB) stated that the regions financial stability faces "rising" risks, with excessively high asset valuations prone to significant corrections and fiscal challenges in some countries potentially testing investor confidence. In its latest Financial Stability Assessment report, the ECB noted, "Market sentiment could shift abruptly, for example, due to a deteriorating growth outlook or disappointing news regarding the application of artificial intelligence (AI)." The report also warned that concerns about high public debt levels in some developed economies could put pressure on global bond markets, potentially leading to international capital flows and currency shocks.On November 26, local time, Russian Presidential Aide Ushakov stated that Russia has not yet formally received the US-proposed "peace plan" for Ukraine, but has obtained the text through informal channels. He indicated that Russia has not discussed the specific details of the US "peace plan" with any party, and several clauses require further analysis. Ushakov stated that Russia holds a positive attitude towards some aspects of the US "peace plan," but many matters still need to be discussed. Ushakov revealed that Russia has obtained multiple versions of the US "peace plan" through informal channels, and their content even contains contradictions.ECB Vice President Guindos: The issue of the Feds swap line has not been discussed yet, and there is no new information.WeRide: The company and Uber launched fully driverless Robotaxi commercial operations in Abu Dhabi.

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

Jimmy Khan

May 31, 2022 14:39

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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.

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