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#LUNCđŸ”„ Terraform Labs co-founder and CEO, Do Kwon, who faced multiple fraud charges related to allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs, has been released on bail by a court in Montenegro. This development comes after his arrest on March 23 The Terra Classic (LUNC) community has been closely monitoring the situation. Here are some recent updates: Terra Classic’s Squeeze Teases 2024’s Biggest Move: The price of Terra Classic (LUNC) has been a topic of interest. Some believe it’s poised for significant movement in 2024 Big v2.4.2 Upgrade Proposal Unanimously Passed: Terra Luna Classic (LUNC) recently underwent a major upgrade, which was unanimously approved. Additionally, LUNC has been listed on new futures platforms LUNC Price and Market Trends: The value of LUNC experienced an 8% drop following reports of Do Kwon’s arrest in Montenegro. The situation has drawn attention from investors and crypto enthusiasts $LUNC

#LUNCđŸ”„ Terraform Labs co-founder and CEO, Do Kwon, who faced multiple fraud charges related to allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs, has been released on bail by a court in Montenegro. This development comes after his arrest on March 23

The Terra Classic (LUNC) community has been closely monitoring the situation. Here are some recent updates:

Terra Classic’s Squeeze Teases 2024’s Biggest Move: The price of Terra Classic (LUNC) has been a topic of interest. Some believe it’s poised for significant movement in 2024

Big v2.4.2 Upgrade Proposal Unanimously Passed: Terra Luna Classic (LUNC) recently underwent a major upgrade, which was unanimously approved. Additionally, LUNC has been listed on new futures platforms

LUNC Price and Market Trends: The value of LUNC experienced an 8% drop following reports of Do Kwon’s arrest in Montenegro. The situation has drawn attention from investors and crypto enthusiasts

$LUNC

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#LUNC✅ BINANCE BURN Let me provide you with information about the Binance burn related to Terra Classic (LUNC). Here are the details: Burning Changes: Following recent developments outlined in Proposal 10983 and Proposal 11111, where LUNC burn is being re-minted as a development fund, Binance has made changes to the burning of LUNC trading fees. Starting from December 2022, Binance now burns 50% of the LUNC spot and margin trading fees instead of the previous 100%. The contribution from LUNC trading fees will be delayed until 2023-03-01 to ensure that these fees are excluded from being re-minted. Binance has engaged with the leadership team from the Terra Grants Foundation to create a new burn wallet that prevents re-minting of the burn amount. Validity Period: 2022-12-28 00:00:00 (UTC) until further notice1. Funding for New Projects: In November 2022, Binance announced the Industry Recovery Initiative (IRI), a fund to support crypto and Web3 projects. Developers interested in continuing to build on the LUNC chain can apply for support through the IRI Recent LUNC Burns by Binance: Binance has been actively burning LUNC tokens. As of the last update on 2024-04-28, they have burned a total of 57.66 billion LUNC (which accounts for 51.9% of the total supply). Additionally, Binance has burned 4.38 million USTC (equivalent to 0.0039% of the total supply) in trading fees 2. Recent Specific Burns: Here are some specific burn transactions from Binance: On 2024-04-11, Binance burned 71,690 LUNC (TX Hash: terra18vnrzlzm2c4xfsx382pj2xndqtt00rvhu24sqe). On 2024-04-03, Binance burned 29,939 LUNC (TX Hash: terra18vnrzlzm2c4xfsx382pj2xndqtt00rvhu24sqe). On 2024-04-01, Binance burned a significant amount of 4,175,855,418 LUNC (TX Hash: terra18vnrzlzm2c4xfsx382pj2xndqtt00rvhu24sqe)2. Remember that these burns contribute to reducing the overall supply of LUNC.
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#LUNC✅ Terraform Labs and its former CEO, Do Kwon, have been found guilty of misleading investors in crypto assets. They violated the Securities Act 1933 by selling crypto assets without proper registration 1. Here are the key details: SEC’s Allegations: The SEC alleges that many of the claims Kwon made about Terra were simply made up. Among the more startling claims, the Commission alleges that Kwon transferred 10,000 Bitcoin (BTC) out of Terraform Labs and Luna Foundation Guard (LFG) to a Swiss bank account. That’s a stash worth almost $250 million at today’s prices. Kwon has been transferring BTC from wallets belonging to TerraForm and LFG to a Swiss bank account, where he’s been converting it to cash. Over $100 million in fiat currency has been withdrawn from that Swiss bank between June 2022 and the date of the SEC complaint. This stands in stark contrast to the investors who lost huge amounts of money when TerraUSD (UST) crashed last year. The SEC lawsuit also specifically mentions a pharmacist in California who borrowed $400,000 against their home to purchase UST and a painter in Vermont who invested $20,000 that was otherwise earmarked for his son’s college tuition. Terra’s Partnership with Chai: On the road to becoming the third-largest stablecoin, Kwon made some big claims about the Terra network and UST. However, Terra’s partnership with payments app Chai didn’t involve the kind of integration that Kwon promised, according to the SEC’s lawsuit. Penalties Imposed: The SEC has imposed substantial penalties totaling $5.2 billion on Terraform Labs and its co-founder, Do Kwon. The SEC filed in a New York court, demanding $4.7 billion as repayment and interest. Additionally, they want $520 million in fines: $420 million from Terraform and $100 million from Kwon. Kwon is also facing legal issues in Montenegro and could face charges in the U.S. and South Korea.
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#LUNC✅ Here are the latest updates on **Luna Classic (LUNC)**: 1. **Price and Market Data**: - The live Terra Classic price today is **$0.00009969 USD** with a 24-hour trading volume of **$25,491,142.09 USD**Âč. - LUNC has experienced fluctuations, and its price may continue to change based on market dynamics. - The 24-hour high and low for LUNC are **$0.0001032** and **$0.00009865**, respectivelyÂČ. 2. **Token Burn**: - The total LUNC tokens burnt are currently pegged at **68,303,850,914**, representing approximately **0.99%** of the total supply⁔. - Burning tokens can impact the token's value by reducing the circulating supply. 3. **Recent Price Movement**: - LUNC price has recently jumped **4%** in the last 24 hours, reaching **$0.000170**. - However, the trading volume has slightly decreased during this periodÂł. 4. **Community Sentiment**: - The community's sentiment about Terra Luna Classic (LUNC) is generally bullishÂČ. - Keep in mind that market sentiment can change rapidly, so it's essential to stay informed.
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#pinetworkupdates Yesterday marked a record-breaking moment for Pi Network, with approximately 63,561 new wallets created, setting a new milestone in wallet creation counts. The enthusiasm and dedication of the community are unmatched! hokanews,hoka news,hokanews.com,pi coin,coin,crypto,cryptocurrency,blockchain,pi network,pi network open mainnet,news,pi news The Pi Network indeed had a remarkable day with the creation of 63,561 new wallets1. This event highlights the rapid growth and the strong community support for the Pi Network. The network has been gaining traction as a digital currency platform, attracting users from various backgrounds, including those new to the concept of cryptocurrency. Here are some key points about the recent developments in Pi Network: Rapid Growth: The creation of such a large number of wallets in a single day signifies a growing interest in joining the Pi Network1. Community Support: The record-setting number of new wallets is a testament to the enthusiasm and dedication of the Pi Network community1. KYC Processes: The network emphasizes fast and user-friendly Know Your Customer (KYC) processes, which is crucial in the cryptocurrency world. There are reports of users completing the KYC process in as little as 12 minutes1. Mainnet Launch: Pi Network is working towards its mainnet launch, which is a significant step for any cryptocurrency as it transitions from a test network to a live one2. Ecosystem Development: The network is also focusing on boosting its ecosystem by recruiting developers through an ambassador program and spreading Pi coins to encourage app launches2. The Pi Network’s vision is to build a more inclusive and sustainable financial future, and with the increasing number of participants, it’s moving closer to making that vision a reality 1. For more detailed information, you can visit their official communication channels and news updates
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$#LUNC✅ Here’s the latest update on Luna Classic (LUNC): Upgrade v2.4.2 Proposal Passed: The Terra Luna Classic community has unanimously approved the v2.4.2 upgrade proposal. This upgrade primarily introduces IBC-Hooks, enabling the onboarding of decentralized applications (dApps) on the Terra Luna Classic network, including the Enterprise DAO. All validators, including Allnodes, Orion, Interstellar Lounge, Stakely, and HappCattyCrypto, voted in favor of the proposal. The upgrade will halt the Terra Luna Classic chain at block height 17,309,000, expected around 16:00 UTC on March 25, 2024 Security Upgrade by Genuine Labs: Terra Luna Classic has also approved Genuine Labs’ major security upgrade proposal. Key components will be updated to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.01. LUNC Spot and Futures Listing: Singapore-based crypto futures trading platform WEEX has announced the listing of LUNC spot and futures pairs. Users can now trade LUNC/USDT futures and LUNC/USDT spot Tax Burn Mechanism: A new Luna 1.2% tax burn is now live on the Luna Classic network. This tax will be implemented on all on-chain transactions of Luna Classic, making LUNC deflationary and potentially helping its price regain momentum Recent Price Movement: LUNC price has seen fluctuations: Up 27% in the last 24 hours, trading above $0.00018 early in the day. Up 83% in the past month $LUNC
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