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UST broke from its peg against the US dollar, which it is designed to track, and is currently trading around $0.16.
Swiss asset manager GAM has denied claims it has entered negotiations with Terraform Labs in order to support the Luna stablecoin.
A press release purporting to come from the fund house was issued at 2300 BST yesterday (12 May), alleging the manager had entered negotiations to invest between $2-3bn in order to burn excess supply of...
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