LUNA 2.0 Starts Trading, SpaceX Merch To Accept DOGE, STEPN Blocks Chinese Users

Written by Lindi Miti

May 30, 2022

LUNA 2.0 Starts Trading

The new LUNA coin started trading yesterday, following the Terra 2.0 mainnet launch, which took place on May 27, 2022. LUNA 2.0 spot trading is now live on a number of exchanges, including Kraken, KuCoin, Bybit, and OKex. Binance will also list the token on May 31, 2022.   

Do Kwon, the founder and CEO of Terra Labs, proposed a plan to revive LUNA after its catastrophic crash to $0 in mid-May. After a week-long vote, 65% of the Luna Community approved the proposal.  “To view your LUNA (or LUNA2 as some exchanges call them) token balances, you only need to log into the station and refresh the page,” wrote Do Kwon on Twitter.

 The price of Luna 2.0 pumped to a high of $30, then fell to a low of about $4 on some exchanges.  The price currently sits around $5.75 at the time of writing. 

SpaceX Merch To Accept DOGE

Elon Musk, the founder of Tesla and SpaceX, announced on Twitter that SpaceX Merch will be accepting Dogecoin for payments soon. 

“Tesla merch can be bought with Doge, soon SpaceX merch too,” he tweeted last week Friday. 

The price of Dogecoin shot up by 15%, reaching a high of $0.90, after Elon Musk’s tweet.

SpaceX, a space transportation and spacecraft manufacturer, has its merchandise e-commerce site. The site sells SpaceX branded clothing and accessories ranging from $15 to $100. The launch date for Dogecoin payments is yet to be announced.  

STEPN Blocks Chinese Users

StepN, a popular move-to-earn lifestyle app, announced on Twitter that it will be blocking users from mainland China last week. The price of GMT, its native token, fell more than 40% following the announcement. The price is currently trading at around $1.04. GST, the rewards token within the app, fell over 30% and is currently trading around $1,41.

“In order to proactively comply with the relevant regulatory policies, STEPN will conduct an inventory of software users, and if users in mainland China are found, STEPN will stop providing GPS and IP location services to their accounts on July 15, 2022 (UTC+8) at 24:00 in accordance with the Terms of Use,” StepN announced in a tweet. 

Written by Lindi Miti © Crypto University 2022

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