Optimism Foundation sends $20M to the wrong wallet – OP drops 36%

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Optimism Foundation has issued a statement confirming that 20M OP tokens meant for a liquidity provisioning partner have been sent to the wrong address. The price of the OP token dropped from $1.12 on June 8 to just $0.70 after…

Terra’s Anchor protocol users vote to halt ‘earning and borrowing’

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Indications have emerged that users of the largest DeFi platform on the Terra network, Anchor Protocol, have voted in favor of a proposal that limits the protocol’s functionality to prevent future attacks on the network.  1/ Important update on Anchor Protocol…

LUNA 2.0 falls by 77% in 14 days as Do Kwon takes Twitter account private

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Two weeks after Terra’s ecosystem restarted through LUNA 2.0 airdrop, the coin has seen its value plummet to new lows after its price dropped by 77%. According to Coingecko data, the coin is currently trading for $4.33. Although the overall performance…

Luna governance in disarray as Do Kwon jokes about Terra ecosystem

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Dark Knight of Terra is back, and this time FatManTerra has some of the most reprehensible examples of an ecosystem in freefall ever seen in crypto. FatManTerra started his thread by saying, “tensions are high, and the big sharks smell…

Mirror Protocol reportedly under attack – $2M already drained

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Dark Knight of Terra — FatManTerra — has again reported on another exploit with the Terra ecosystem. Mirror Protocol, a decentralized exchange on Terra, has had over $2 million drained due to an issue with the pricing oracle for Luna…

LUNA 2.0 jumps 75% in 24hrs ahead of Binance listing

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! After a rocky start, the new LUNA token is up over 40% on May 30. It hit $30 before crashing to a low of $3.5 on its first day of trading, and now the token is making another run ahead of…

Will Ethereum Layer-2 chains survive after The Merge?

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum is finally moving to proof-of-stake this year, and with that, the aim is to: “Ultimately address some of the gas fee issues.” One of the primary methods to reduce gas fees are layer-2 solutions. Chains such as Polygon process over…

LUNA 2.0 hits $30 then drops 80% in first day of trading

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The new LUNA 2.0 chain went live today, May 28, at 6 am UTC, as millions of wallets received an airdrop of the new token. The genesis chain also began trading on ByBit at 8 am UTC. The price started at…

LUNA2.0 is finally live, airdrop underway

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The LUNA revival plan has finally been realized as the first block of the new LUNA blockchain is underway. LUNA now exists in two forms, LUNA Classic (LUNC) and LUNA 2.0 (LUNA). The TerraUSD stablecoin has not been migrated over to…