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Binance founder Zhao Changpeng (CZ) detailed the Terra/UST/LUNA collapse in his new book "Binance Life." In 2018, Binance's venture capital department invested $3 million in Terra in exchange for LUNA tokens. Starting on May 7, 2022, UST began to de-peg and rapidly collapsed, with approximately $60 billion in value evaporating.At the same time, the team informed that the early investment in LUNA was worth $1.6 billion, and CZ decided not to sell to cash out, reasoning that he did not want to trigger market panic, harm the project, or be seen as running ahead of retail investors. Nevertheless, the LUNA he held plummeted from a market value of $1.6 billion to a few thousand dollars within days, resulting in significant losses for Binance.CZ pointed out in the book that Terra claimed to have billions of dollars in reserves but did not use them to stabilize UST, and founder Do Kwon lacked transparent responses. The design of UST relied on LUNA as a reserve, and after the de-pegging, the system crazily minted LUNA, increasing the total supply by 1,000 times, accelerating the collapse. Terra ultimately used $3 billion in Bitcoin reserves to try to save the situation, but it was too late, and he expressed shock that Do Kwon might have privately kept $200 million for legal fees.

According to businesswire, Soluna Holdings, a Nasdaq-listed company developing green data centers for intensive computing applications such as Bitcoin mining and artificial intelligence, announced that it has invested $53 million to acquire a wind farm located in West Texas.The completion of this transaction will initiate the development of the Dorothy 3 project to support the construction of a renewable energy-driven AI data center.

According to market news, the smart money that shorted BTC and made a profit of 5.16 million dollars during the LUNA/UST collapse has today liquidated XAUT, with an entry point of 4150.89 dollars and a liquidation point of 5131 dollars, making a profit of 4.845 million dollars. The current price of XAUT is 4547.55 dollars, which has dropped 11.4% from its liquidation point. This address previously also made a profit of 13.293 million dollars by bottom-fishing with BTC and ETH.

According to Binance spot data, the market has experienced significant fluctuations. FIO has dropped 16.96% in 24 hours, while LUNA has risen 12.33% in 24 hours and has reached a bottom-rebound state.In addition, ARDR has shown a "high pullback" state, with a 24-hour decline of 8.07%. The other tokens ATA, ASR, FET, GTC, ICP, and DYDX have all reached a bottom-rebound state, with increases ranging from 5.71% to 6.5%.

According to Binance spot market data, there has been significant volatility in the market. FTT has dropped by 20.71% in the last 24 hours, and DEXE has decreased by 12.36%, showing a "high and then low" state.In addition, LUNA, PROM, USTC, and VIC have also exhibited a "high and then low" state, with 24-hour declines of 16.37%, 14.09%, 12.87%, and 17.06%, respectively. Meanwhile, MINA has reached a new low today, with a decline of 6.04%. SAGA, on the other hand, has seen a slight increase in volume, rising by 9.43%.

According to on-chain analyst Murphy (@Murphychen888), the realized losses of Bitcoin adjusted for entities reached $3.2 billion on February 5. This figure surpasses the scale of losses caused by historical black swan events including the Luna collapse, FTX bankruptcy, and 312/519.

According to Binance spot market data, there has been significant volatility in the market. TLM has dropped 42.1% in the last 24 hours, while LUNA has decreased by 14.17%.At the same time, ALICE and ONT are in a "bottoming rebound" state, with increases of 6.74% and 10%, respectively. Other tokens have shown a "high pullback" state, with CHZ down 9.62%, SXP down 5.34%, RARE down 7.83%, AMP down 16.48%, and REZ down 12.69%.

According to Binance spot market data, the market has experienced significant fluctuations. LUNA has dropped by 10.46% in the last 24 hours, while reaching a "high and then low" state.In addition, EUL has hit a new low for the week, with a 24-hour decline of 11.51%. Among other tokens, DEXE, HOLO, IOTA, and UTK have all reached "new lows for today," with declines of 5.31%, 5.96%, 5.12%, and 5.73%, respectively. WOO and ALPINE have also shown a "high and then low" state, with declines of 6.15% and 7.22%. On the other hand, LUMIA has seen a slight increase of 3.27% within 5 minutes.

Binance will launch the ADA/USD1, ASTER/USD1, LUNA/USDC, LUNC/USDC, and ZEC/USD1 spot trading pairs on December 24, 2025, at 16:00, and will open trading bot services for these pairs. Users can enjoy a fee discount on maker orders for existing and new USDC spot and leveraged trading pairs, with specific trading permissions influenced by the user's country or region.

According to Binance spot market data, there has been significant volatility in the market. LUNA has dropped by 11.2% in 24 hours, and MLN has decreased by 11.37%, both showing a "high-to-low" pattern.In addition, CHZ, JUV, SANTOS, and ACE have also exhibited a "high-to-low" pattern, with declines of 9.1%, 8.33%, 7.93%, and 8.37%, respectively. Meanwhile, ANIME and SAPIEN have increased by 6.15% and 6% in 24 hours, respectively, both showing a "bottoming rebound" pattern. THETA has reached a new low for today, with a decline of 5.19%.

According to Binance spot market data, there has been significant volatility in the market. FIS has dropped 22.66% in the last 24 hours, while LUNA has risen 19.01% and is showing signs of a rebound.Additionally, RSR, SUPER, USUAL, and ORCA have all experienced a "high-to-low" situation, with declines of 12.95%, 7.22%, 17.42%, and 11.84% respectively. PHA has reached a new low today, with a decline of 6.25%. HEMI has also shown a "high-to-low" situation, with a drop of 9.5%.

According to Binance spot data, the market has experienced significant fluctuations. FIS has risen by 9.43% and is in a rebound state after hitting a low.At the same time, LUNA has dropped by 10.4% in the last 24 hours and is in a pullback state. Among other tokens, AUDIO has reached a new low today, with a decline of 5.27%. MDT and AGLD have also shown a pullback state, with declines of 9.34% and 5.34%, respectively.In addition, SXP has also shown a rebound state, with an increase of 9.54%, while IO has slightly risen by 3% within 5 minutes. AXL has also shown a pullback state, with a decline of 9.37%.

According to Binance spot data, the market has experienced significant fluctuations. BIFI has risen by 128.75% in 24 hours, while LUNA and VOXEL have increased by 10.33% and 9.04%, respectively, both showing a rebound after hitting lows.On the other hand, RAD has decreased by 7.7% in 24 hours, RDNT has fallen by 15.22%, and PORTAL, USUAL, and SYRUP have also shown a peak and drop pattern, with declines of 7.59%, 8.71%, and 5.22%, respectively.

According to Binance spot data, the market has experienced significant volatility. LUNA has dropped 18.63% in the last 24 hours, and USTC has decreased by 21.07%, showing a "high and then low" state.In addition, AUDIO also exhibited a "high and then low" state, with a 24-hour decline of 9.54%. TIA and FLOW both reached new lows for today, with declines of 5.98% and 7.24%, respectively. COTI hit a new low for the week, down 6.9%.At the same time, VOXEL saw a slight increase within 5 minutes, rising by 3.19%. FIS experienced a slight decrease within 5 minutes, falling by 5.21%.

According to Binance spot market data, there has been significant volatility in the market. LRC has dropped 31.23% in the last 24 hours, and AUDIO has decreased by 15.02%, both showing a "high and then low" trend.At the same time, CTSI has fallen by 13.09%, RSR has decreased by 18.2%, and XLM has dropped 18.87%, all also reflecting a "high and then low" trend. LUNA, on the other hand, has shown a "bottoming out and rebound" with an increase of 12.38%.Among other tokens, COTI has reached a new low for the week, with a decline of 6.9%.

OKX market shows that, possibly influenced by the news of Terraform Labs co-founder Do Kwon's impending sentencing, the LUNA price is currently reported at 0.142 USDT, with a 24H increase of over 35%.According to previous news, Terraform Labs co-founder Do Kwon will be sentenced this Thursday in New York. He had previously pleaded guilty to two felonies (wire fraud and conspiracy to commit fraud). Before sentencing, U.S. Federal Judge Paul Engelmayer has requested both the prosecution and defense to clarify the charges Kwon faces in South Korea and his "maximum and minimum sentences" to assess his multi-national judicial risks.

According to Businesswire, Soluna Holdings, a Nasdaq-listed company developing green data centers for intensive computing applications such as Bitcoin mining and artificial intelligence, announced that it has reached a definitive agreement to issue 18,079,144 shares of common stock and corresponding Series C warrants at a price of $1.77 per share, raising approximately $32 million.The new funds will be used for operations, project equity investments, and general corporate purposes, including supporting high-performance computing applications such as Bitcoin mining and generative artificial intelligence.

According to Binance spot data, the market has experienced significant fluctuations. MANTA has dropped 15.45% in the last 24 hours, while LUNA has risen 5.37% and reached a new high for today.In addition, both CYBER and HEI have shown a "pullback" state, with declines of 6.65% and 8.15%, respectively. HBAR and STRAX have reached new lows for the week, with declines of 6.25% and 10.72%. Meanwhile, KAITO has reached a new high for today, with an increase of 6.87%. SAPIEN has also seen a slight drop in 5 minutes, with a decline of 3.01%.

According to the official announcement, Binance is expected to suspend the token recharge and withdrawal services for the Terra (LUNA) network on December 8, 2025, at 20:05 (UTC+8) to support its network upgrade.The project team will conduct the network upgrade at block height 18,660,000 (expected on December 8, 2025, at 21:05 UTC+8).