Tim Hakki reports in crypto.co that "Maker’s governance token MKR blew up by over 30% overnight while Terra’s UST stablecoin briefly lost its peg to the U.S. dollar and slipped to $0.30 in the early hours of Wednesday morning.
Maker currently trades for $1,664 dollars a token, a price increase of a little over 35% in the last 24 hours, according to CoinMarketCap.
On Tuesday, the Luna Foundation Guard, a non-profit supporting all things Terra (LUNA), voted to lend $1.5 billion in crypto to protect its native UST’s peg. The effort failed to stem the tide, with UST crashing even harder overnight; at 8.45 AM UTC today it bottomed out at $0.2998. The price of LUNA, the currency which Terra burns a dollar’s worth of for every new UST minted is also crashing hard. At its current price of $2.20, LUNA has lost over 90% of its value overnight.
Source credit and full story - https://decrypt.co/100038/maker-explodes-30-overnight-as-terras-ust-stablecoin-struggles
Tamil Genocide Rememberance Day - #Mullivaikal - #May18
@naam-tamilar/mullivaikal-may-18-the-genocide-of-sri-lankan-tamils-by-the-sri-lankan-government
Sri Lanka's Killing Fields (Part 1/4) - How UN and International Community Failed and abandoned Sri Lankan Tamils in 2009:
Link to Full movie - Channel 4's Sri Lanka's Killing Fields:
