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WISE CRYPTO NEWS
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Terra Luna Classic Set for Significant v3.0.1 Upgrade As previously reported by Crypto News Flash, Terra Luna Classic will undergo a major upgrade on June 2, 2024. This upgrade is set to occur at a block height of 18,303,000 and has received massive support from the community and the validators. Validators like Orion, Interstellar Lounge, and StakeBin will replace the old binary with the new one. This improves the chain’s performance, reliability, and protection. The upgrade seeks to enhance the functionality of the #TerraLunaClassic network while making it more efficient and robust. #LUNC✅ , USTC Price and Market Sentiment Despite Proposal 12105’s rejection, the $LUNC price decreased by 5% in the past 24 hours. LUNC is currently trading at $0.0001105. In addition, trading volume also declined by 7%, which shows that more traders participated in trading. At the same time, the former stablecoin, #USTC , has retained its price at $0.02179 after a 4% drop. The highest and lowest prices for $USTC in the last 24 hours were $0.02377 and $0.02152, respectively. #StartInvestingInCrypto #altcoins

Terra Luna Classic Set for Significant v3.0.1 Upgrade

As previously reported by Crypto News Flash, Terra Luna Classic will undergo a major upgrade on June 2, 2024. This upgrade is set to occur at a block height of 18,303,000 and has received massive support from the community and the validators.

Validators like Orion, Interstellar Lounge, and StakeBin will replace the old binary with the new one. This improves the chain’s performance, reliability, and protection. The upgrade seeks to enhance the functionality of the #TerraLunaClassic network while making it more efficient and robust.

#LUNC✅ , USTC Price and Market Sentiment

Despite Proposal 12105’s rejection, the $LUNC price decreased by 5% in the past 24 hours. LUNC is currently trading at $0.0001105. In addition, trading volume also declined by 7%, which shows that more traders participated in trading.

At the same time, the former stablecoin, #USTC , has retained its price at $0.02179 after a 4% drop. The highest and lowest prices for $USTC in the last 24 hours were $0.02377 and $0.02152, respectively.

#StartInvestingInCrypto #altcoins

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Bitcoin (BTC) Price Predicted to Reach $100,000 by Mike Novogratz
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$BNB Smashes Through $700 Level as #Bitcoin❗ Stalls BNB is truly on a roll with yet another record high The BNB cryptocurrency has reached a new all-time peak of $710 earlier today, according to #CoinGecko  data. The fourth-largest cryptocurrency is currently valued at $106 billion after spiking roughly 16% over the last week.  Notably, open interest in BNB has more than doubled on Wednesday amid the massive price rally. Binance comes in first place when it comes to BNB futures open interest with more than $700 million.  More than $4.4 million worth of Bitcoin short positions have been liquidated over the past 24 hours, according to CoinGlass data.  Various projects on the #BNBChain⚡️ have also seen surging trading activity. Meme coin #flokiinu ($FLOKI ), the biggest meme token on BNB Chain, has added another 8% over the past 24 hours.  In the meantime, the BSC ecosystem is experiencing healthy growth, with major projects of the likes of PancakeSwap, Venus, Solv Protocol, and PinkSale having recorded significant gains in total value locked (TVL) over the past 24 hours.  BNB has substantially outperformed Bitcoin and other cryptocurrencies over the last week. The flagship cryptocurrency is currently struggling to decisively break above the $73,000 level. If Bitcoin does manage to achieve such a feat, it might have a shot at conquering the $100,000 level by the end of the year, according to Galaxy Digital CEO Mike Novogratz.  #StartInvestingInCrypto
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SEC Boss Gary Gensler Breaks Silence on Ethereum ETFs SEC Chairman Gary Gensler drops cryptic remarks on Ethereum ETF approval process, leaving investors on edge In a recent appearance on CNBC, SEC Chairman Gary Gensler provided insights into the expected timeline for the review of the spot Ethereum ETF S-1 reports. Eleanor Terrett, a reporter at Fox Business, relayed this as an indication that the review process is expected to be lengthy, potentially causing delays in the approval process for Ethereum ETFs. As a reminder, last Friday marked a significant deadline as spot Ethereum ETF issuers, including industry giants BlackRock and VanEck, submitted their initial draft S-1 forms to the SEC. The regulator will now begin the review process, providing feedback and requesting amendments. Industry insiders expect at least two rounds of draft filings before a final decision is made. 🚨NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8 — Eleanor Terrett (@EleanorTerrett) June 5, 2024 In contrast to the relatively straightforward path of #BitcoinETF💰💰💰  approvals, the altcoin landscape appears to be murkier, according to market participants. While unanimous approval would mark a pivotal moment for the market, recent events have created uncertainty. For example, Hashdex's withdrawal of its application for undisclosed reasons has left market participants questioning the overall trajectory of Ethereum ETFs. Attention now shifts to the SEC's stance on the crypto market and the ongoing developments in #BitcoinETFs! , as liquidity in traditional financial markets is hundreds of times greater than cryptocurrency. On one side, that does not mean that investors would want to increase their risk by switching to altcoins, and vice versa - they may shift some funds from #BitcoinETFs in a search of extra profits. #BnbAth #StartInvestingInCrypto
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Ripple Scores Major Partnership in #Europe San Francisco-based firm Ripple has teamed up with Clear Junction San Francisco-based firm Ripple has joined forces with UK-based payment company Clear Junction in order to improve the efficiency and security of payouts denominated in the British pound and the euro.  Ripple's Cassie Craddock has stressed that Clear Junction is "a great fit" for the company since it is capable of supporting all of its existing use cases. Craddock believes that the partnership between the two companies is going to evolve further in the future.   Last September, Clear Junction acquired British cryptocurrency firm Altalix in order to gain a competitive edge in the crypto market. Earlier this year, the Financial Times, one of the leading business outlets, named Altalix as one of the fastest-growing European companies.   Clear Junction is also known as one of Binance's payment partners. In September 2021, it cut the #exchange off due to a regulatory crackdown in the U.K.  Billionaire Chris Larsen, one of the co-founders of Ripple, praised the UK as one of the most crypto-friendly jurisdictions last year after Chancellor Jeremy Hunt singled out digital technology as one of the key growth sectors. Susan Friedman, head of policy at Ripple, has also recognized London as a burgeoning cryptocurrency hub.  #RippleCEO Brad Garlinghouse has repeatedly named the UK alongside some other crypto-friendly countries like Japan and Singapore in order to highlight the correct approach to crypto regulation. In fact, Ripple once considered relocating its headquarters to London.   Last year, the company also expanded its University Blockchain Research Initiative (UBRI) to several European universities.    #BnbAth #StartInvestingInCrypto
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