News Snapshot:
Bitcoin (BTC) fell 3.5% during Asia trading hours, briefly touching $30,230, as the Luna Foundation Guard (LFG) moves the entirety of its reserves to bitcoin exchanges to defend UST’s peg. LFG_org thesamreynolds reports. Glassnode analyst says change in exchange balance is due to LFG using bitcoin reserves to defend stablecoin peg. , as the Luna Foundation Guard (LFG) moves the entirety of its reserves to bitcoin exchanges to defend UST’s peg. (Glassnode) LFG’s reserve balance has declined from 80,394 bitcoin to zero, and the majority has been deposited onto Gemini, according to Glassnode data. (Glassnode) James “Checkmate” Check, an analyst...
