Terra's LUNA, the currency that backs its dollar-pegged stablecoin UST, has slid beneath a dollar at the time of writing, losing 32% of its value in the space of an hour. The news comes while Terra’s other flagship coin, UST is trading under $0.40.
Elon Musk and Vivek Ramaswamy, appointed as co-leads of President-elect Donald Trump's "Department of Government Efficiency" (DOGE), have detailed their plans in an op-ed published in The Wall Street Journal.
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