News

May 12
Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’

The Terra Money Twitter account shared the finer points of Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA. 23419 Total views 81 Total shares The Terra rescue story continues to unravel. In a tweet thread, the Terra Money Twitter account went into greater detail regarding the CEO of Terraform […]

May 12
Nasdaq falls toward 18-month low despite positive breadth readings

The Nasdaq Composite COMP, -0.00% dropped 1.0% in midday trading Thursday, putting it on track for an 18-month closing low, even though the Nasdaq exchange’s internals are showing a positive reading. The number of advancing stocks topped decliners 2,145 to 2,030, while volume in advancing stocks represented 55.1% of the total volume. The NYSE is […]

May 12
PancakeSwap governance proposal set to cap CAKE supply at 750M

A snapshot motion issued by the PancakeSwap team received over 11 million CAKE votes since commencement, with the majority of participants favoring the v2 evolution. 1839 Total views 43 Total shares PancakeSwap, the decentralized finance (DeFi) application built on Binance Smart Chain, synonymous with its automated market maker (AMM) service and its quirky branding style, […]

May 12
Biden to speak with makers of baby formula, unveil actions on shortage

President Joe Biden plans to speak on Thursday afternoon with “retailers and infant formula manufacturers to receive an update on efforts to make infant formula supply more available to American families,” a White House official said in a statement. In addition, the official said that later this afternoon the White House will “announce additional actions […]

May 12
GBP is falling non-stop. Overview for 12.05.2022

GBPUSD remains under bearish pressure; there is no good news. The Pound sterling continues weakening against the USD on Thursday. the current quote for the instrument is 1.2205. Today’s flow of statistics didn’t give the Pound a single chance to reach stability.  For example, it turned out that according to the preliminary report, the British […]

May 12
New lows in EURUSD. Overview for 12.05.2022

EURUSD hit another multi-month bottom while investors are trying to escape risks. The major currency pair is back to falling. The current quote for the instrument is 1.0429. Earlier today, the Euro hit the bottom of March of 2020 and it might be only the beginning. Market players are escaping risks when each new sale […]