Cryptocurrency News

Kraken CEO defends listing LUNA 2.0: ‘Bitcoin traders don’t pay the bills’

06/01/2022

Less than a minute

2022.06.01 19:10

Kraken CEO defends listing LUNA 2.0: ‘Bitcoin traders don’t pay the bills’

The crypto winter has emotions running high. Kraken CEO Jesse Powell came under fire for his defense of listing the new LUNA, also known as LUNA 2.0, which seeks to bring the original LUNA — now known as Luna Classic (LUNC) — and TerraUSD — now known as TerraUSD Classic (USTC) — back from the dead.

Respected names in the crypto industry such as Nic Carter of Castle Ventures spoke out against the decision, while in a separate tweet thread, Powell lashed out at short-seller Jim Chanos, who had built a large short against Coinbase (NASDAQ:COIN), Kraken’s biggest competitor.

06/01/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 96,434.84 0.05%

Ethereum (ETH) $ 2,761.20 2.95%

XRP (XRP) $ 2.56 0.97%

Tether (USDT) $ 1.00 0.02%

BNB (BNB) $ 666.82 1.88%

Solana (SOL) $ 170.84 0.39%

USDC (USDC) $ 1.00 0.01%

Dogecoin (DOGE) $ 0.244193 0.59%

Cardano (ADA) $ 0.767723 0.44%

Lido Staked Ether (STETH) $ 2,755.07 2.87%

TRON (TRX) $ 0.241746 1.47%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 96,395.83 0.02%

Chainlink (LINK) $ 17.80 1.19%

Wrapped stETH (WSTETH) $ 3,290.92 2.79%

Avalanche (AVAX) $ 25.60 1.26%

Sui (SUI) $ 3.40 1.45%

Stellar (XLM) $ 0.330908 0.52%

Litecoin (LTC) $ 126.10 2.93%

the-open-network

Toncoin (TON) $ 3.77 4.83%

Shiba Inu (SHIB) $ 0.000016 2.20%

LEO Token (LEO) $ 9.70 0.30%

hedera-hashgraph

Hedera (HBAR) $ 0.213565 1.42%

MANTRA (OM) $ 8.59 12.86%

USDS (USDS) $ 1.00 0.16%

Hyperliquid (HYPE) $ 24.23 2.41%

Polkadot (DOT) $ 5.04 2.71%

WETH (WETH) $ 2,760.57 2.88%

Bitcoin Cash (BCH) $ 326.13 2.14%

Bitget Token (BGB) $ 5.14 1.48%

Ethena USDe (USDE) $ 0.999809 0.11%

Wrapped eETH (WEETH) $ 2,928.64 2.96%

Uniswap (UNI) $ 9.00 2.64%

Monero (XMR) $ 235.57 1.86%

NEAR Protocol (NEAR) $ 3.46 0.07%

Pepe (PEPE) $ 0.000009 2.76%

WhiteBIT Coin (WBT) $ 27.43 0.20%

Aave (AAVE) $ 246.04 1.39%

Ondo (ONDO) $ 1.15 1.29%

Bittensor (TAO) $ 432.09 1.55%

Aptos (APT) $ 5.98 0.93%

internet-computer

Internet Computer (ICP) $ 7.16 0.49%

Dai (DAI) $ 0.999886 0.01%

Official Trump (TRUMP) $ 16.22 0.72%

Ethereum Classic (ETC) $ 20.57 1.63%

Mantle (MNT) $ 0.91284 2.87%

tokenize-xchange

Tokenize Xchange (TKX) $ 38.04 3.03%

OKB (OKB) $ 49.43 0.65%

gatechain-token

Gate (GT) $ 23.40 0.89%

sUSDS (SUSDS) $ 1.04 0.13%

coinbase-wrapped-btc

Coinbase Wrapped BTC (CBBTC) $ 96,569.87 0.11%