{"id":62044,"date":"2022-05-26T11:15:34","date_gmt":"2022-05-26T08:15:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62044"},"modified":"2025-09-05T15:42:24","modified_gmt":"2025-09-05T12:42:24","slug":"bitcoin-exchanges-back-the-terra-revival","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-exchanges-back-the-terra-revival\/","title":{"rendered":"Bitcoin exchanges back the Terra revival"},"content":{"rendered":"<p>Several cryptocurrency exchanges signalled support for Terra 2.0 and &#8216;revival from the ashes&#8217; token LUNA.<\/p>\n<p>Validators voted 65.5% in favour of the plan proposed by Terraform Labs co-founder and CEO Do Kwon.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh5.googleusercontent.com\/tIYXXqCtA4v78WxTwUoCiw6lXgo2VxI7paN846dkI1juYlI0rDF5YnrK1Y4WZWqP1Cx2zjiwvc2InG450MwGPwhXe9bINDeX08bCXcE2hNWhDUMp2qLOHM8e9bKHD1AschRohsLsM-OxZGJuWw\\\" alt=\\\"Bitcoin exchanges backed the revival of Terra\\\"\/><figcaption>Data: <a href=\\\"https:\/\/station.terra.money\/proposal\/1623\\\">Terra Station<\/a>.<\/figcaption><\/figure>\n<p>Platforms <a href=\\\"https:\/\/twitter.com\/HuobiGlobal\/status\/1529462516878716930\\\">Huobi<\/a>, <a href=\\\"https:\/\/twitter.com\/bitfinex\/status\/1529579384318922752\\\">Bitfinex<\/a>, <a href=\\\"https:\/\/twitter.com\/BitrueOfficial\/status\/1529483581994967041\\\">Bitrue<\/a>, <a href=\\\"https:\/\/t.co\/12pBZE95ym\\\">Gate.io<\/a> and DeFi protocol <a href=\\\"https:\/\/twitter.com\/Hex_Trust\/status\/1528931534409203712\\\">Hex Trust<\/a> said they were ready to list the new LUNA token.<\/p>\n<div class=\\\"wp-block-text-wrappers-update article_update\\\"><span class=\\\"gtb_text-wrappers_update_head\\\">Update: <\/span>\\n<\/p>\n<p>Bybit announced support for Terra 2.0.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Bybit will support the launch of Terra 2.0 and new LUNA airdrop.<\/p>\n<p>Details here: <a href=\\\"https:\/\/t.co\/gqJd5ZAbt2\\\">https:\/\/t.co\/gqJd5ZAbt2<\/a> <a href=\\\"https:\/\/t.co\/FamiBKXBzi\\\">pic.twitter.com\/FamiBKXBzi<\/a><\/p>\n<p>\u2014 BYBIT \ud83e\udd8d (@Bybit_Official) <a href=\\\"https:\/\/twitter.com\/Bybit_Official\/status\/1529745697922220033?ref_src=twsrc%5Etfw\\\">May 26, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/div>\n<p>\\n\\n\\n\\n<\/p>\n<p>Kwon also retweeted a post by the FTX exchange, which the exchange&#8217;s team subsequently deleted.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh6.googleusercontent.com\/ixmhhsCjx06ZU54B3ww5_cL_5qYJmdooe9YMLA-kxE1RlX7ZQWUNlEmFUJ2_88dmX4SMRHcLdSMJqLzHsCDOID5htG8_yrkDJ2b2N6SohYxYOLsG102FVJIrx3llwtw4lKV3uYhIcUS9qlv4Nw\\\" alt=\\\"Bitcoin exchanges backed the revival of Terra\\\"\/><figcaption>Data: <a href=\\\"https:\/\/twitter.com\/stablekwon\/status\/1529572475251544064\\\">Twitter<\/a>.<\/figcaption><\/figure>\n<p>\\n\\n\\n\\n<\/p>\n<p>Meanwhile, he denied reports of contacts with South Korean crypto platforms regarding support for the new token.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Yeah no i did not <a href=\\\"https:\/\/t.co\/4fDO5dLoeI\\\">https:\/\/t.co\/4fDO5dLoeI<\/a><\/p>\n<p>\u2014 Do Kwon \ud83c\udf15 (@stablekwon) <a href=\\\"https:\/\/twitter.com\/stablekwon\/status\/1529431359449493504?ref_src=twsrc%5Etfw\\\">May 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>The Upbit exchange said it would support the LUNA2 airdrop.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Against this backdrop, the price of the algorithmic stablecoin TerraUSD (UST) rose by more than 40% in 24 hours. The price of the stablecoin neared $0.10.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh6.googleusercontent.com\/5NJvWgVituAW-PXyqcaT_Sl34gkX1vCAX6_i5OVgKr9dlNKiv798o204xuVGjOqwqLLzuevzoNpnum70GluAZc5gWa0bqroqEnhst2HjFDUC6Fxnbus8joBnVmfUjUVd9Nqu6U3Jscqcpf_y7w\\\" alt=\\\"Bitcoin exchanges backed the revival of Terra\\\"\/><figcaption>Data: <a href=\\\"https:\/\/www.coingecko.com\/\\\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>\\n\\n\\n\\n<\/p>\n<p>Binance said it is working closely with the Terra team to provide affected users with the best possible redress for losses.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">The Terra community just passed a vote to \u2018Rebirth Terra Network\u2019. <\/p>\n<p>We are working closely with the Terra team on the recovery plan, aiming to provide impacted users on Binance with the best possible treatment. Stay tuned for further updates.<\/p>\n<p>\u2014 Binance (@binance) <a href=\\\"https:\/\/twitter.com\/binance\/status\/1529436477867835392?ref_src=twsrc%5Etfw\\\">May 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<div class=\\\"wp-block-text-wrappers-update-2 article_update\\\"><time class=\\\"gtb_text-wrappers_update_time\\\">26 May 2022 | 16:39<\/time><span class=\\\"gtb_text-wrappers_update_head\\\">Update: <\/span>\\n<script async=\\\"\\\" src=\\\"https:\/\/telegram.org\/js\/telegram-widget.js?19\\\" data-telegram-post=\\\"forklog\/25713\\\" data-width=\\\"100%\\\"><\/script>\\n<\/div>\n<p>\\n\\n\\n\\n<\/p>\n<p>Representatives of the exchange previously proposed, in the first instance, <a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-reveals-binance-losses-from-terra-investments\">to consider the interests of small investors<\/a>, harmed by <a href=\"https:\/\/u1f987.com\/en\/news\/terras-death-spiral-how-and-why-luna-and-ust-collapsed\">the crash<\/a> of the algorithmic stablecoin UST and the associated token LUNA.<\/p>\n<p>\\n\\n\\n\\n<script async=\\\"\\\" src=\\\"https:\/\/telegram.org\/js\/telegram-widget.js?19\\\" data-telegram-post=\\\"forklog\/25701\\\" data-width=\\\"100%\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>As noted, Ethereum co-founder Vitalik Buterin also <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-urges-terra-to-prioritise-compensation-for-small-investors\">urged<\/a> giving priority to small holders in Terra assets in loss recovery.<\/p>\n<p>\\n\\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several cryptocurrency exchanges signalled support for Terra 2.0 and the revival of LUNA.<\/p>\n","protected":false},"author":1,"featured_media":62045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[852],"class_list":["post-62044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-terra"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62044"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62044\/revisions"}],"predecessor-version":[{"id":62046,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62044\/revisions\/62046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62045"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}