Crypto news on the cryptocurrency market for 10/10/2022 bitcoin news Ethereum Bybit Binance Terra

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Crypto news on the cryptocurrency market for 10/10/2022 bitcoin news Ethereum Bybit Binance Terra Classic USD (USTC) JUST (JST) Terra Classic LUNC.

Crypto news:
1. Binance BNB Chain impacted by potential $566 Million exploit.
2. Bear market may last another 12 to 18 months says Solana Co-Founder.
3. S Korean court rejects Terra Exec arrest warrant request, LUNC prices rise.

Which cryptocurrency has the highest growth on 10/10/2022:

Terra Classic LUNC/BUSD +6.31%
JUST (JST) JST/BUSD +13.10%
Terra Classic USTC/BUSD +37.59%
USD (USTC)

TerraClassicUSD (USTC) An Algorithmic Stablecoin Rebranded from TerraUSD (UST).
Rebranded from TerraUSD (UST), TerraClassicUSD (USTC) is a decentralized algorithmic stablecoin on the Terra Classic blockchain. After the depeg of USTC in May 2022, the Terra community decided to create a new blockchain without the algorithmic stablecoins called Terra 2.0. The original blockchain is renamed as Terra Classic.
USTC is designed to be pegged to 1 USD, and in order to mint 1 USTC, 1 USD worth of the reserve asset, LUNC, must be burned. USTC's stability mechanism depends on arbitrage activities by users. For instance, when the price of USTC falls to $0.95 in secondary markets, users can purchase 100 USTC with $95 on exchanges, and redeem these tokens on the Terra platform for LUNC tokens worth $100. If the price of 1 USTC goes above $1, users can purchase USTC on the Terra platform and sell on exchanges for a profit.
As at May 31st, 2022, the total and circulating token supply of USTC is 10,269,448,617.

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