Terra’s LFG Leaps Into Top 10 Largest #Bitcoin Whales With An Extra $1.5 Billion BTC Buy.
Several pundits believe that traditional finance will utilize #Bitcoin as a reserve currency in the future.... View MoreTerra’s LFG Leaps Into Top 10 Largest #Bitcoin Whales With An Extra $1.5 Billion BTC Buy.
Several pundits believe that traditional finance will utilize #Bitcoin as a reserve currency in the future. While institutions like the Swiss National Bank remain on the fence, a new generation of #stablecoins is taking the leap; the Luna Foundation Guard, the group behind the UST token, nearly doubled their #Bitcoin reserves on Thursday.
LFG Purchases $1.5 Billion BTC
The Luna Foundation Guard, in a tweet today, confirmed a report on CNBC that it had purchased an additional 37,863 BTC (approximately $1.5 billion). According to the data and LFG’s tweets, the group purchased the sum in two transactions. First, the LFG reportedly closed a $1B OTC swap with crypto prime broker Genesis for $1 billion worth of UST, and secondly, it bought $500 million worth of BTC from crypto venture capital firm, Three #Arrows Capital.
The latest purchase by the organization takes it from just over 40k BTC to approximately 80,394 BTC. The LFG leaps into the list of top 10 Bitcoin holders. It brings the group closer to its goal of $10 billion worth of #Bitcoin in reserve, a target nearly twice as much as Michael Saylor’s #MicroStrategy is holding at current exchange rates.
The Luna Foundation Guard is the #group behind the Terra Blockchain, the issuers of dollar-pegged #stablecoin UST and LUNA. In March, the #blockchain’s #co-founder, Do Kwon, revealed that the #network would be taking a different approach to #stablecoin reserves. Do Kwon disclosed that UST would be backed by $10 billion worth of Bitcoin. Since it started its #Bitcoin buying spree, the UST token has seen a tremendous increase in value, unseating #Binance’s #BUSD as the 3rd most valuable #stablecoin.
“For the first time, you’re starting to see a pegged currency that is attempting to observe the #bitcoin standard,” said Terra’s Do Kwon. “It’s making a strong directional bet that keeping a lot of those foreign reserves in the form of a #digital native #currency is going to be a winning recipe.”
The #purchase brings the LFG’s BTC reserve value to circa $3.5 billion, $6.5 billion away from their goal and a little over $1.5 billion away from Michael Saylor’s #MicroStrategy. Notably, the LFG also holds over $100 million in Avalanche’s AVAX in reserves.
Tron Takes A Cue From LUNA
LUNA’s argument that for a stablecoin to be truly decentralized, it has to be backed by a crypto asset appears to have attracted some attention and adherents as Tron’s Justin Sun also announced that his network’s #stablecoin would also take the same route. Sun, known for being able to attract attention to his projects, revealed that Tron would be backing its Decentralized USD (USDD) with $10 billion in Bitcoin and other cryptocurrencies.
Tron DAO plans to issue the USDD #coin on Thursday with the collaboration of their partners. Like UST, which LUNA stabilizes, the TRX token will stabilize the USDD coin.
Despite the buying pressure introduced by whales like the LFG, #Bitcoin has seen its worst daily drop since #January. #Bitcoin is down 9% in the last 24 hours, trading around the $36,559 price point, with pundits divided on the next direction of the #crypto asset’s price.
The 2020’s Disruption: First it was the DOT COM BOOM, then it was BITCOIN. Now it’s NFT’s…
And 18 year old's are already turning $400 into $40,000 on a casual Friday night.
The 2020’s Disruption: H... View MoreThe 2020’s Disruption: First it was the DOT COM BOOM, then it was BITCOIN. Now it’s NFT’s…
And 18 year old's are already turning $400 into $40,000 on a casual Friday night.
The 2020’s Disruption: How 18 year old's are turning $400 into $40,000 by flipping NFT’s… without any experience
No matter what age you are or experience level it is your turn to jump onboard!
Dear friend...
If you’re looking for a HOT new investment opportunity
Make passive income with little work…
Trust this will be one of the honest information out can get out here💯😌
Here’s why🎯
I’m telling you this because we’re at the golden age of opportunity where the playing field is even and everyone is anonymous
And it’s just the beginning of a financial revolution.
I’m of course talking about cryptocurrency.
Take Bitcoin for example If you would’ve invested $1000 in 2011 you would be a millionaire today for real💯
But that opportunity is over.
Remember not all business ventures or opportunities are made equal we can leverage that.
Come to think if you were among the early adaptors of bitcoin 🤔📈
Think about the financial freedom 🤔📈💯
Well, today we have an equally exciting opportunity.
Non fungible tokens (NFTs)
You might’ve heard about them from various popular investors like Gary Vee, Mark Cuban, Wiz Khalifa, SnoopDog and others.
Simply put, NFT’s are currently taking the digital art and collectables world by storm.
Imagine buying a digital artwork on the internet and owning it as a unique digital token known as an NFT, which proves your ownership over the artwork you bought.
When everyone worldwide believes Bitcoin is the digital answer to currency, NFT’s are now seen as the digital answer to collectibles.
Even the biggest celebrities are seeing this opportunity and capitalize on it.
Snoop Dogg, Logan Paul, Paris Hilton, Eminem, and so many others…
They’ve bought their own NFT’s and made ridiculous sums of money with it.
But you don’t need to be super famous to release your own artwork to make money.
There’s a much simpler way and that is by flipping NFT’s.
Example:
There’s this NFT called Bored Ape #5199. When it was created it sold for roughly $220, you can guess how much it was sold for.
$1,600,000.00
That’s right 1.6 MILLION dollars
This type of sales happens everyday in the NFT world.
18 year olds spend $400 and turn it into $40K by knowing which NFT’s are severely undervalued.
Is it totally insane that digital artwork sells for that price?
Yes, but that’s art for ya.
The difference is simple.
Mark Cuban said that in 10 years we’d all be walking around VR museums filled with NFTs. And when a man worth 7 Billion dollars speaks, I listen.
The future is digital, and this is one of the first transitions along with Bitcoin, we are just at the beginning of the NFT wave. with all the lofty investors and celebs joining in on the wave, it will only go up.
So, consider this:
Many people would literally *kill* to be in your shoes.
You’re way ahead of the curve simply by knowing about NFT’s early. Remember not every business opportunity is made equal.
If you’ll learn how to flip NFT’s, you’ll put yourself right at the “unequal” side of the business.
Nobody new that will come around, be it today or a year from now would be able to disrupt your domination in the field.
Especially now where it’s almost impossible to find anyone willing to teach how to flip NFT’s…
But this might be your lucky day.
Introducing the "Ultimate NFT lecture”
Look, NFT's are taking over the crypto world by storm, and with it an insane opportunity to be one of the earliest people inside. And thanks to NFT's I was able to generate 7 figures for me and my students. Because NFT's changed my life and because it can change yours too I've decided to create time to teach people how to
1: Effortlessly find undervalued NFT’s and flip them for 100x profits and more
2: Create NFT’s yourself and make money by people trading your artwork.
3: Discover wildly profitable NFT’s to invest in long term
"Amazing tips, this was the best €473.30 Euro I had ever spent, I made my investment back within the first 9 days and had fun while doing it, investing into cool crypto art projects!" - Dylan Bradshaw
So if you’re ready to know more about how it work and earn from it kindly buzz me on https://t.me/ThrillpleDad
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