#market

The LUNC community is having a vote (https://atomscan.com/terra/votes/11324) we all deserve. Namely: a proposal to re-peg the USTC stablecoin to $1. Better yet, the decision has almost been made. Following the news, USTC increased by 60% in just 10 hours, and the internal token LUNC caught up and rose by 20%. Hey, why stop at $1? Don’t you think that $10-$15 sounds juicier? After all, you’re the only ones in the "moon" market, so you probably won’t face any issues with interest either.

Balance CEO Ric Burton says Uniswap founder Hayden Adams, who he once considered to be his closest friend, has fooled him. According to Burton, he invested a lot of effort to take Uniswap to the market. He paid for developer services, paid for Adams' rent, dipped into Balance's money to cover his expenses. Burton was sure that Hayden would include him in the Uniswap round for this help. But he never became the co-founder of Uniswap. And now, when his $25,000 would be worth $18 million, he has brought this story public. Of course, it's not about the money. It's all about justice.

Aptos development team wallet transferred over 1 million APT (~$20 million) from the main wallet to the Binance exchange. More than 1/3 of the total APT supply ($985 million) remains in the wallet. If these coins will hit the market, the APT price may undergo a significant correction. Although APT attracted a lot of attention with a sharp price increase of more than 450% in a month, one should always keep in mind the project is too centralized: 97% of the total supply is held by only 20 wallets. Thus, the price can be easily manipulated.

Loans were issued against mining equipment. The creditor has about 68,000 of them, as of today. The company started selling last year. Unfortunately, some loans have already been declared default. The average price of BlockFi's credit ASIC miner is $2,350 and ASIC's current market value is $1,400. The total companies' debt to the industry in similar loans is estimated at $4 billion. Apart from BlockFi, loans were also issued to NYDIG, Celsius Network, Foundry, Babel Finance, and Galaxy Digital.

Today, Microsoft Corporation announced the third stage of a long-term partnership with OpenAI, the company behind ChatGPT. The total investment is 10 billion dollars. ChatGPT is an artificial intelligence chat that is rumored to be able to replace professional writers and do homework for students. Now we are waiting for ChatGPT to replace the woeful market traders

James Gorman, CEO of Morgan Stanley, said that the world economy has come out of its peak. Positive changes were influenced by two factors: - inflation in the USA has reached maximum levels - relations between USA and China began to improve Gorman believes that China and the United States have finally agreed: instead of redistributing the world's prosperity among themselves, they have moved to the desire to increase it so that everyone gets more. Gorman also suggested that the Fed will not raise rates above 25 basis points next month. The crypto market seems to agree.