Finance
Binance suspends Withdrawals for LUNA and UST as $LUNA crashes 54%
Binance has suspended Withdrawals for LUNA and UST tokens on the Terra (LUNA) network were temporarily suspended on 2022-05-10 at 02:20 AM (UTC) due to a high volume of pending withdrawal transactions. This is caused by network slowness and congestion.
..
Binance will reopen withdrawals for these tokens once we deem the network to be stable and the volume of pending withdrawals has reduced. We will not notify users in a further announcement.
The native token of the Terra (CRYPTO: LUNA) blockchain crashed 56% over 24 hours as its stablecoin, TerraUSD (CRYPTO: UST), lost its peg for the second time in 48 hours.
What Happened: According to data from Benzinga Pro, LUNA fell from an intra-day high of $64.62 to an intra-day low of $28.03. LUNA has lost more than 65% of its value since the weekend.
The token’s price plummeted after the blockchain’s algorithmic stablecoin UST lost its peg for the second time in two days. Some reports indicate that UST fell to as low as $0.65 on Coinbase Global Inc
“Don’t marry girls aged 17-22, they will finish you” – Nigerian man advises men as he laments about his wife
“Sacrifice don ready” – Reactions as veteran actor Kanayo O. Kanayo turns skitmaker Nasboi into yam, video trends (Video)
“If you can’t handle him, offer your maid” – Nigerian woman advises lady who complained about her husband’s constant sex demands
“I changed my religion because I love my husband” — Mercy Aigbe says (Video)
“I am compiling the names and photos of all the women I have slept with since 1970″ – Francis Van-Lare says
Watch 13-year-old boy lurk over his mom’s bed moments before he allegedly stabbed her to death while his newborn sister slept (Video)
ECOWAS orders Benin Republic to pay Igboho N26.4m (20m CFA) over unlawful detention
Kwara court remands herbalist for raping 21-year-old woman and setting her ablaze in his shrine
-
Lifestyle1 day ago“Reason I hate being a mother, it’s one of my biggest regrets” – South African woman says
-
News1 day ago“Our Chairman never said 70% of Nigerian students are Internet fraudsters” – EFCC Lament
-
Celebrity Gossip & Gist2 days agoMoment okada, taxi drivers mob Zlatan Ibile while sharing money at filling station
-
Celebrity Gossip & Gist2 days ago“How I once lost a job because Doyin refused to work with me” – Ceec opens up on sour friendship with Doyin (Video)