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Bitcoin at $30K as LFG emptied its treasury wallet

The depegging of UST is forcing LFG to liquidate reserves from both LUNA and bitcoin in order to correct the pegging of UST to $1, Franzen said. If Terraform Labs is selling its bitcoin en masse into a market that’s already selling aggressively, it wouldn’t offer peg support, Jack Melnick, a token researcher at The TIE.

Robinhood revenue is down, new feature is coming

As long as the shares have been fully paid for by the customer, Robinhood says it will match customers with interested borrowers to take the loans and that customers will get paid once their shares are successfully placed.