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LUNC and USTC Prices Jump Defying Market Sentiment
Terra Classic ecosystem tokens gained upside momentum amid a rearrangement of LUNC positions after BtcTurk crypto exchange delisted LUNC after the hack. LUNC futures open interest rises 24% in the last 4 hours.
LUNC price soars more than 10% in 24 hours. The price currently trades at $0.00008246, with a 24-hour low and high of $0.00007255 and $0.00008257, respectively. Moreover, trading volume has increased by 50% in the last 24 hours.
Meanwhile, USTC price also jumped more than 5%, with the price currently changing hands at $0.0181. The 24-hour trading volume saw a rise of 136%. USTC futures open interest also rise over 21% in the past few hours, implying a possible reversal.
Terra Classic ecosystem tokens gained upside momentum amid a rearrangement of LUNC positions after BtcTurk crypto exchange delisted LUNC after the hack. LUNC futures open interest rises 24% in the last 4 hours.
LUNC price soars more than 10% in 24 hours. The price currently trades at $0.00008246, with a 24-hour low and high of $0.00007255 and $0.00008257, respectively. Moreover, trading volume has increased by 50% in the last 24 hours.
Meanwhile, USTC price also jumped more than 5%, with the price currently changing hands at $0.0181. The 24-hour trading volume saw a rise of 136%. USTC futures open interest also rise over 21% in the past few hours, implying a possible reversal.
LUNC News: Terra Classic And LUNAâs Initial Merger Effort Faces Major Roadblock
LUNC News: Terra Classic community rejects proposal to bring validators from LUNA community to the chain. LUNC and USTC prices saw massive upside move.
HIGHLIGHTS
Terra Luna Classic community rejects proposal to increase the validators set to 130.
Top validators such as Allnodes and Luna Station 88 believed the chain isn't ready for bringing Luna v2 validators.
LUNC and USTC prices jump and futures open interests hints at reversal.
LUNC News: The Terra Luna Classic community rejected a highly debated proposal to increase the validators set to 130 on the blockchain. The move comes after Terraform Labs and Do Kwon agreed to settle with the U.S. SEC for $4.5 billion. Some saw the proposal as an initial merge effort with Terra (LUNA) community by bringing Luna v2 validators to Terra Classic after the TFL and SEC settlement, bolstering the networkâs decentralization.
Terra Luna Classic Rejects Proposal
The Terra Luna Classic community is currently reluctant to increase the validator limit to 130 from 100, as they look to welcome back validators from Terra Luna v2 after Terraform Labs and the U.S. SEC settlement. Proposal 12116 âIncrease Validator Active Set to 130â failed to reach pass threshold in the governance voting.
The proposal received a mere 30.59% âYesâ votes. Notably, 46.17% âNoâ and 22.59% âAbstainâ votes took down the LUNC proposal after denial by top delegates and validators. Among 46 validators who voted, only 10 such as Allnodes, Luna Station 88, LuncGoblins, Austism Staking, and others voted against the proposal.
Allnodes stated the chain is not currently ready for it, stating âThe amount of LUNC required to get into the active set is not burdensome.â
Proposer suggested that expanding the validator set to 13o will strengthen Terra Classic networkâs decentralization and benefit the LUNC community.
LUNC News: Terra Classic community rejects proposal to bring validators from LUNA community to the chain. LUNC and USTC prices saw massive upside move.
HIGHLIGHTS
Terra Luna Classic community rejects proposal to increase the validators set to 130.
Top validators such as Allnodes and Luna Station 88 believed the chain isn't ready for bringing Luna v2 validators.
LUNC and USTC prices jump and futures open interests hints at reversal.
LUNC News: The Terra Luna Classic community rejected a highly debated proposal to increase the validators set to 130 on the blockchain. The move comes after Terraform Labs and Do Kwon agreed to settle with the U.S. SEC for $4.5 billion. Some saw the proposal as an initial merge effort with Terra (LUNA) community by bringing Luna v2 validators to Terra Classic after the TFL and SEC settlement, bolstering the networkâs decentralization.
Terra Luna Classic Rejects Proposal
The Terra Luna Classic community is currently reluctant to increase the validator limit to 130 from 100, as they look to welcome back validators from Terra Luna v2 after Terraform Labs and the U.S. SEC settlement. Proposal 12116 âIncrease Validator Active Set to 130â failed to reach pass threshold in the governance voting.
The proposal received a mere 30.59% âYesâ votes. Notably, 46.17% âNoâ and 22.59% âAbstainâ votes took down the LUNC proposal after denial by top delegates and validators. Among 46 validators who voted, only 10 such as Allnodes, Luna Station 88, LuncGoblins, Austism Staking, and others voted against the proposal.
Allnodes stated the chain is not currently ready for it, stating âThe amount of LUNC required to get into the active set is not burdensome.â
Proposer suggested that expanding the validator set to 13o will strengthen Terra Classic networkâs decentralization and benefit the LUNC community.
LUNC and USTC Prices Tumble
The Terra Luna Classic ecosystem tokens tumbled massively as whales and other investors sold LUNC. Despite the selloff, Terra Luna Classic members have expressed confidence in LUNC price increase in the future, with Tax2Gas implementation also under works.
LUNC price crashed over 19% in the past 24 hours, with the price currently trading at $0.00007486. The 24-hour low and high are $0.00007206 and $0.00009188, respectively. Moreover, trading volume has increased by 630% in the last 24 hours, indicating interest among traders.
LUNC futures open interest on Binance and other crypto exchanges has jumped over 50% in the last 24 hours, with major interest coming in the last few hours.
Meanwhile, USTC price also fell over 7% as signs of recovery faded despite the upcoming huge USTC burn. The price is currently changing hands at $0.01723. The trading volume has increased by 20%.
The Terra Luna Classic ecosystem tokens tumbled massively as whales and other investors sold LUNC. Despite the selloff, Terra Luna Classic members have expressed confidence in LUNC price increase in the future, with Tax2Gas implementation also under works.
LUNC price crashed over 19% in the past 24 hours, with the price currently trading at $0.00007486. The 24-hour low and high are $0.00007206 and $0.00009188, respectively. Moreover, trading volume has increased by 630% in the last 24 hours, indicating interest among traders.
LUNC futures open interest on Binance and other crypto exchanges has jumped over 50% in the last 24 hours, with major interest coming in the last few hours.
Meanwhile, USTC price also fell over 7% as signs of recovery faded despite the upcoming huge USTC burn. The price is currently changing hands at $0.01723. The trading volume has increased by 20%.
Why Terra Luna Classic (LUNC), USTC Prices Crashed Amid Massive 6.5 Bln LUNC Burn
Terra Luna Classic saw over 6 billion LUNC burned as whales and other investors sell tokens after Terraform Labs CEO confirmed huge LUNC and USTC burn.
HIGHLIGHTS
Large wallets selling LUNC and wallet movements on centralized crypto exchanges led to 6.5 billion in LUNC burned.
Total LUNC burned by the community reaches above 123 billion.
LUNC and USTC prices dropped 19% and 7%.
Terra Luna Classic saw over 6.5 billion LUNC burned in the last 24 hours as large wallets are selling LUNC tokens, raising concerns in the community. The move comes after Terraform Labs CEO Chris Amani confirmed yesterday to burn LUNC and USTC they hold in their TFL and LFG wallets.
Almost 6.5 Billion Terra Classic (LUNC) Tokens Burned
Large wallets selling LUNC and wallet movements on centralized crypto exchanges caused LUNC burn count in the last 24 hours to rise above 6.5 billion. This has contributed to a massive drop in LUNCâs total supply and circulating supply, as well as an increase in LUNC in the community pool.
LUNC trading volumes increased by more than 600% over 24 hours, indicating buying and selling by many traders and investors. The selloff hours after Terraform Labs CEO Chris Amani confirmed to the Terra Classic community that LUNC and USTC in the TFL and LFG wallets will be burned. He even agreed to blacklist and burn wallets that hold LUNC and USTC by the Terra Classic community if the firm somehow doesnât have access to any wallet.
With the latest burn, the total burn by the community has reached over 123 million LUNC. Binance holds the top burner position with 60 billion in LUNC burned so far through their monthly burn mechanism.
Some believe these wallets may belong to people linked to TFL and Do Kwon. US court filings revealed that Milojko Spajic, Prime Minister of Montenegro, was as an early investor in Terraform Labs.
Terra Luna Classic saw over 6 billion LUNC burned as whales and other investors sell tokens after Terraform Labs CEO confirmed huge LUNC and USTC burn.
HIGHLIGHTS
Large wallets selling LUNC and wallet movements on centralized crypto exchanges led to 6.5 billion in LUNC burned.
Total LUNC burned by the community reaches above 123 billion.
LUNC and USTC prices dropped 19% and 7%.
Terra Luna Classic saw over 6.5 billion LUNC burned in the last 24 hours as large wallets are selling LUNC tokens, raising concerns in the community. The move comes after Terraform Labs CEO Chris Amani confirmed yesterday to burn LUNC and USTC they hold in their TFL and LFG wallets.
Almost 6.5 Billion Terra Classic (LUNC) Tokens Burned
Large wallets selling LUNC and wallet movements on centralized crypto exchanges caused LUNC burn count in the last 24 hours to rise above 6.5 billion. This has contributed to a massive drop in LUNCâs total supply and circulating supply, as well as an increase in LUNC in the community pool.
LUNC trading volumes increased by more than 600% over 24 hours, indicating buying and selling by many traders and investors. The selloff hours after Terraform Labs CEO Chris Amani confirmed to the Terra Classic community that LUNC and USTC in the TFL and LFG wallets will be burned. He even agreed to blacklist and burn wallets that hold LUNC and USTC by the Terra Classic community if the firm somehow doesnât have access to any wallet.
With the latest burn, the total burn by the community has reached over 123 million LUNC. Binance holds the top burner position with 60 billion in LUNC burned so far through their monthly burn mechanism.
Some believe these wallets may belong to people linked to TFL and Do Kwon. US court filings revealed that Milojko Spajic, Prime Minister of Montenegro, was as an early investor in Terraform Labs.
LUNC Price: Will Community Support, Explosive Token Burns Drive Terra Classic Price to $0.001?
Terra Classic Price Prediction: LUNC sees significant volatility and burns, with market trends showing mixed signals. The community support enjoyed by LUNC could see it overcome bearish trends and regain its upward trajectory.
HIGHLIGHTS
LUNC's trading volume decreased by 16%, indicating notable market volatility.
Terra Classic's weekly decline reflects cautious optimism among investors.
Technical indicators reveal mixed signals in recent LUNC trading sessions.
LUNC price has experienced notable volatility over the past 24-hour period. The token hovered at $0.0000911, with a slight increase of 0.23% during the US session on Friday. According to CoinMarketCap data, Terra Classicâs market cap is approximately $501 million, ranking it 122nd among cryptocurrencies.
Terra Classic price has shown significant volatility within the day, as indicated by the 16% decrease in trading volume, which totaled approximately $15 million.
Terra Classic Price Prediction: Navigating Market Volatility
Over the past week, Terra Classic saw an 8% decline, indicating a cautiously optimistic sentiment among investors despite unstable markets. The cryptocurrency traded in the range of $0.000106 to $0.000083, indicating a persistent bearish trend. Additionally, the past month has seen a 17% dip, underscoring the inherent volatility of this digital asset.
Most of the cryptocurrencies today have experienced market corrections, with many seeing significant price adjustments. Bitcoin, Ethereum, and other major cryptocurrencies have notably declined, reflecting broader market trends.
Terra Classic Price Prediction: LUNC sees significant volatility and burns, with market trends showing mixed signals. The community support enjoyed by LUNC could see it overcome bearish trends and regain its upward trajectory.
HIGHLIGHTS
LUNC's trading volume decreased by 16%, indicating notable market volatility.
Terra Classic's weekly decline reflects cautious optimism among investors.
Technical indicators reveal mixed signals in recent LUNC trading sessions.
LUNC price has experienced notable volatility over the past 24-hour period. The token hovered at $0.0000911, with a slight increase of 0.23% during the US session on Friday. According to CoinMarketCap data, Terra Classicâs market cap is approximately $501 million, ranking it 122nd among cryptocurrencies.
Terra Classic price has shown significant volatility within the day, as indicated by the 16% decrease in trading volume, which totaled approximately $15 million.
Terra Classic Price Prediction: Navigating Market Volatility
Over the past week, Terra Classic saw an 8% decline, indicating a cautiously optimistic sentiment among investors despite unstable markets. The cryptocurrency traded in the range of $0.000106 to $0.000083, indicating a persistent bearish trend. Additionally, the past month has seen a 17% dip, underscoring the inherent volatility of this digital asset.
Most of the cryptocurrencies today have experienced market corrections, with many seeing significant price adjustments. Bitcoin, Ethereum, and other major cryptocurrencies have notably declined, reflecting broader market trends.
Terra Luna Classic Validator Set Boost Proposal
Proposal 12116 âIncrease Validator Active Set to 130â is currently undergoing governance voting on the Station wallet. If passed, the Terra Lunc Classic community will increase the validator limit to 130 from the current 100, as they look to welcome back validators from Terra Luna v2 after Terraform Labs and the U.S. SEC settlement.
Expanding the validator set to 13o will strengthen Terra Classic networkâs decentralization and benefit the LUNC community.
At press time, the proposal has received 38.04% âYes votesâ after top validator Allnodes voted âNoâ citing âThe amount of LUNC required to get into the active set is not burdensome.â Nevertheless, the proposal received 93.43% votes from delegates, indicating major support from the community.
Among validators, 16 voted in favor of the proposal while five voted âNoâ, one âNo with vetoâ and four âAbstainâ votes. Vegas Node, Jesusislord, Nitawa, SolidVote, Hexxagon and other validators voted in favor of the proposal.
Proposal 12116 âIncrease Validator Active Set to 130â is currently undergoing governance voting on the Station wallet. If passed, the Terra Lunc Classic community will increase the validator limit to 130 from the current 100, as they look to welcome back validators from Terra Luna v2 after Terraform Labs and the U.S. SEC settlement.
Expanding the validator set to 13o will strengthen Terra Classic networkâs decentralization and benefit the LUNC community.
At press time, the proposal has received 38.04% âYes votesâ after top validator Allnodes voted âNoâ citing âThe amount of LUNC required to get into the active set is not burdensome.â Nevertheless, the proposal received 93.43% votes from delegates, indicating major support from the community.
Among validators, 16 voted in favor of the proposal while five voted âNoâ, one âNo with vetoâ and four âAbstainâ votes. Vegas Node, Jesusislord, Nitawa, SolidVote, Hexxagon and other validators voted in favor of the proposal.
LUNC News: Terra Classic Highly Debated Proposal After TFL And SEC Settlement
LUNC News: Terra Classic votes to increase validator count to 130 by inviting Terra (LUNA) validators to the chain after TFL and US SEC settlement.
HIGHLIGHTS
Terra Luna Classic community votes to increase the validators set to 130 on the blockchain.
The proposal aims to bring Luna v2 validators after the TFL and SEC settlement
LUNC and USTC flash buy signals amid buying by derivatives traders.
LUNC News: The Terra Luna Classic community started voting again on a highly debated proposal to increase the validators set on the blockchain. The move comes after Terraform Labs and Do Kwon agreed to settle with the U.S. SEC for $4.5 billion. The proposal aims to bring Luna v2 validators to Terra Classic after the TFL and SEC settlement, bolstering the networkâs decentralization and benefiting the LUNC community.
LUNC News: Terra Classic votes to increase validator count to 130 by inviting Terra (LUNA) validators to the chain after TFL and US SEC settlement.
HIGHLIGHTS
Terra Luna Classic community votes to increase the validators set to 130 on the blockchain.
The proposal aims to bring Luna v2 validators after the TFL and SEC settlement
LUNC and USTC flash buy signals amid buying by derivatives traders.
LUNC News: The Terra Luna Classic community started voting again on a highly debated proposal to increase the validators set on the blockchain. The move comes after Terraform Labs and Do Kwon agreed to settle with the U.S. SEC for $4.5 billion. The proposal aims to bring Luna v2 validators to Terra Classic after the TFL and SEC settlement, bolstering the networkâs decentralization and benefiting the LUNC community.
Terra Luna Classic Community Passes Major Tax2Gas Proposal, LUNC Price To $1?
Terra Luna Classic community approves Genuine Labs' Tax2Gas implementation proposal in governance voting, will LUNC price rally to $1.
HIGHLIGHTS
Terra Luna Classic proposal by core developer Genuine Labs to implement Tax2Gas passed in governance voting.
The proposal aims to remove the need for separating handling and calculation of tax faced by dApps developers and others.
Allnodes voted Abstain and warned the community over lack in interaction.
LUNC and USTC prices jump as the community believes $1 is possible in this bull market.
LUNC News: Terra Luna Classic community has finally passed the proposal to implement Tax2Gas, which removes the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers and others, as stated StrathCole and Genuine Labs.
With Tax2Gas almost near implementation, the Terra Classic community members started discussions on raising the burn tax to 1.2%. Once it is implemented all crypto exchanges will burn on buys and sells and drive LUNC price higher.
Terra Luna Classic community approves Genuine Labs' Tax2Gas implementation proposal in governance voting, will LUNC price rally to $1.
HIGHLIGHTS
Terra Luna Classic proposal by core developer Genuine Labs to implement Tax2Gas passed in governance voting.
The proposal aims to remove the need for separating handling and calculation of tax faced by dApps developers and others.
Allnodes voted Abstain and warned the community over lack in interaction.
LUNC and USTC prices jump as the community believes $1 is possible in this bull market.
LUNC News: Terra Luna Classic community has finally passed the proposal to implement Tax2Gas, which removes the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers and others, as stated StrathCole and Genuine Labs.
With Tax2Gas almost near implementation, the Terra Classic community members started discussions on raising the burn tax to 1.2%. Once it is implemented all crypto exchanges will burn on buys and sells and drive LUNC price higher.
BREAKING: TFL CEO @fleece_cannon says TFL and LFG funds holding $LUNC and $USTC will NOT be sold to creditors and the keys will be burned.
The #LUNC and #USTC tax fuels that took place during the day reached high levels.
đš $LUNC burns amounted to 112 million units.
đš $USTC burns were 146,099 units.
âď¸ These amounts burned were well above average. Let's state again that the most important issue for the Terra Classic chain is the reduction of supply.
đš $LUNC burns amounted to 112 million units.
đš $USTC burns were 146,099 units.
âď¸ These amounts burned were well above average. Let's state again that the most important issue for the Terra Classic chain is the reduction of supply.
Terra Luna Classic (LUNC) Burn Tax Change Proposal Officially Passed
Terra Luna Classic proposal to revise burn tax distribution is passed by LUNC community. This will bring a number of pros and cons for the Terra Classic community.
HIGHLIGHTS
Terra Luna Classic community passed proposal to implement a revised LUNC burn tax distribution.
The developer will complete burn tax distribution change related to the oracle pool split as set in proposal 12098 by mid-July.
The proposal received 98.04% "Yes" votes.
The Terra Luna Classic community has passed a key proposal to implement a revised LUNC burn tax distribution. This pay-per-job (PPJ) proposal gets over 98% support from community members and validators on moving ahead with changes as per proposal 12098 passed earlier by the Terra Classic community in previous months. It is expected to be implemented in mid-July.
Terra Classic Community To Revise Burn Tax Distribution
A pay-per-job proposal 12114 by popular developer Till Z., known as Fragwuerdig, was passed by the Terra Luna Classic community. The developer has started working to implement the burn tax distribution change related to the oracle pool split as set in proposal 12098.
The proposal received 98.04% âYesâ votes, which indicates the proposal saw major support from validators. Among 47 validators who participated in the governance voting, top validators such as Allnodes, Interstellar Lounge, JESUSisLORD, Stakely, HappyCattyCrypto support the proposal.
As earlier reported, Terra Classic has a burn tax set to 0.5%. Out of this, 80% is for burn and 20% is distributed as â 10% to Community Pool and 10% to rewards. As per 12098, the 20% will be distributed as 10% to Community Pool and 10% to Oracle pool.
This will impact immediate block rewards for LUNC users. Instead, the portion from the burn tax would go into long-term staking rewards (Oracle) to improve LUNC staking. In addition, it will help validators, but decrease the APR by about ~0.5% depending upon on-chain volumes.
Terra Luna Classic proposal to revise burn tax distribution is passed by LUNC community. This will bring a number of pros and cons for the Terra Classic community.
HIGHLIGHTS
Terra Luna Classic community passed proposal to implement a revised LUNC burn tax distribution.
The developer will complete burn tax distribution change related to the oracle pool split as set in proposal 12098 by mid-July.
The proposal received 98.04% "Yes" votes.
The Terra Luna Classic community has passed a key proposal to implement a revised LUNC burn tax distribution. This pay-per-job (PPJ) proposal gets over 98% support from community members and validators on moving ahead with changes as per proposal 12098 passed earlier by the Terra Classic community in previous months. It is expected to be implemented in mid-July.
Terra Classic Community To Revise Burn Tax Distribution
A pay-per-job proposal 12114 by popular developer Till Z., known as Fragwuerdig, was passed by the Terra Luna Classic community. The developer has started working to implement the burn tax distribution change related to the oracle pool split as set in proposal 12098.
The proposal received 98.04% âYesâ votes, which indicates the proposal saw major support from validators. Among 47 validators who participated in the governance voting, top validators such as Allnodes, Interstellar Lounge, JESUSisLORD, Stakely, HappyCattyCrypto support the proposal.
As earlier reported, Terra Classic has a burn tax set to 0.5%. Out of this, 80% is for burn and 20% is distributed as â 10% to Community Pool and 10% to rewards. As per 12098, the 20% will be distributed as 10% to Community Pool and 10% to Oracle pool.
This will impact immediate block rewards for LUNC users. Instead, the portion from the burn tax would go into long-term staking rewards (Oracle) to improve LUNC staking. In addition, it will help validators, but decrease the APR by about ~0.5% depending upon on-chain volumes.
LUNC and USTC to $1
LUNC developer groups, validators, and the community are actively supporting the LUNC revival to $1 and USTC repeg to $1.
Meanwhile, developers are looking Terra Luna Classic proposal to implement Tax2Gas and remove the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers, as per a proposal by StrathCole and Genuine Labs.
LUNC price jumped 0.21% in the last 24 hours, with the price currently trading at $0.00097. The 24-hour low and high are $0.0000918 and $0.00009709, respectively. Moreover, trading volume decreased by 12% in the last 24 hours.
Meanwhile, USTC price also climbed 0.5%, with the price now trading at $0.0183. The 24-hour trading volume saw a 22% rise in the last 24 hours as traders bought the dip.
LUNC developer groups, validators, and the community are actively supporting the LUNC revival to $1 and USTC repeg to $1.
Meanwhile, developers are looking Terra Luna Classic proposal to implement Tax2Gas and remove the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers, as per a proposal by StrathCole and Genuine Labs.
LUNC price jumped 0.21% in the last 24 hours, with the price currently trading at $0.00097. The 24-hour low and high are $0.0000918 and $0.00009709, respectively. Moreover, trading volume decreased by 12% in the last 24 hours.
Meanwhile, USTC price also climbed 0.5%, with the price now trading at $0.0183. The 24-hour trading volume saw a 22% rise in the last 24 hours as traders bought the dip.
Breaking: Binance Expands Support For LUNC And USTC Revival To $1
Binance Thailand announces LUNC support for and USTC revival to $1, continuing commitment to LUNC community promised by Binance CEO Changpeng Zhao
HIGHLIGHTS
Binance TH introduces "LUNC from collapse to resurrection?" event to the crypto community.
Binance promotes LUNC and USTC trading on the crypto exchange.
LUNC and USTC price jumps 1% each.
Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.
Binance TH Announces âLUNC from Collapse to Resurrectionâ
In a post on X social media platform on June 15, Binance TH introduces âLUNC from collapse to resurrection?â event to the crypto community. Binance TH by Gulf Binance looking for people who have experienced the Terra-Luna crisis and still believe in LUNC revival.
âBinance TH by Gulf Binance will contact those who suffered the most from LUNC to invite them to join the discussion and share their experiences through Binance TH Live with us. By Those selected will receive Binance TH Swag and special prizes,â said the crypto exchange.
Former Binanceâs CEO Changpeng Zhao started supporting the Terra Classic revival after the community and developers took governance into their hands. Binance has burned 60.42 billion LUNC tokens in the burn campaign to remove tokens for supply.
Binance Thailand announces LUNC support for and USTC revival to $1, continuing commitment to LUNC community promised by Binance CEO Changpeng Zhao
HIGHLIGHTS
Binance TH introduces "LUNC from collapse to resurrection?" event to the crypto community.
Binance promotes LUNC and USTC trading on the crypto exchange.
LUNC and USTC price jumps 1% each.
Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.
Binance TH Announces âLUNC from Collapse to Resurrectionâ
In a post on X social media platform on June 15, Binance TH introduces âLUNC from collapse to resurrection?â event to the crypto community. Binance TH by Gulf Binance looking for people who have experienced the Terra-Luna crisis and still believe in LUNC revival.
âBinance TH by Gulf Binance will contact those who suffered the most from LUNC to invite them to join the discussion and share their experiences through Binance TH Live with us. By Those selected will receive Binance TH Swag and special prizes,â said the crypto exchange.
Former Binanceâs CEO Changpeng Zhao started supporting the Terra Classic revival after the community and developers took governance into their hands. Binance has burned 60.42 billion LUNC tokens in the burn campaign to remove tokens for supply.
â Itâs getting annoying watching $LUNC dump with the rest of the market when it never even went up with it in the first place đ
Bitcoin ETF Outflows Hit $228.2 Million Amid BTC Price Dip, Whatâs Happening?
Bitcoin ETFs experience significant outflows totaling $228.2 million, with BlackRock's IBIT ETF as the exception. Discover the market trends and investor sentiments driving these movements.
HIGHLIGHTS
U.S. Bitcoin spot ETFs see net outflows of $226.2 million, with only BlackRock's IBIT ETF attracting $18.2 million in new investments.
Fidelityâs FBTC, Grayscaleâs GBTC, and Ark Investâs ARKB among the funds experiencing substantial withdrawals.
Bitcoin price dips, yet whale accumulation increases and buying interest surges, indicating ongoing market volatility.
Recent monitoring data from Farside Investors revealed a substantial net outflow of US$226.2 million from the US Bitcoin spot ETF market yesterday. This significant movement indicates a shifting sentiment among investors.
While most funds saw outflows, BlackRockâs IBIT ETF stood out as the only fund to attract new investments, reporting a net inflow of US$18.2 million. This development shows the varying investor sentiments towards different Bitcoin ETFs in a volatile market, highlighting that not all funds are perceived equally by investors.
Bitcoin ETFs experience significant outflows totaling $228.2 million, with BlackRock's IBIT ETF as the exception. Discover the market trends and investor sentiments driving these movements.
HIGHLIGHTS
U.S. Bitcoin spot ETFs see net outflows of $226.2 million, with only BlackRock's IBIT ETF attracting $18.2 million in new investments.
Fidelityâs FBTC, Grayscaleâs GBTC, and Ark Investâs ARKB among the funds experiencing substantial withdrawals.
Bitcoin price dips, yet whale accumulation increases and buying interest surges, indicating ongoing market volatility.
Recent monitoring data from Farside Investors revealed a substantial net outflow of US$226.2 million from the US Bitcoin spot ETF market yesterday. This significant movement indicates a shifting sentiment among investors.
While most funds saw outflows, BlackRockâs IBIT ETF stood out as the only fund to attract new investments, reporting a net inflow of US$18.2 million. This development shows the varying investor sentiments towards different Bitcoin ETFs in a volatile market, highlighting that not all funds are perceived equally by investors.
đ¨SEC vs TFL VERDICT!
Hard to see how TFL and Do Kwon comes back from this. Sad day for $LUNA ! đ˘
PS. $LUNC remains unaffected
Hard to see how TFL and Do Kwon comes back from this. Sad day for $LUNA ! đ˘
PS. $LUNC remains unaffected
LUNA & LUNC Price Analysis
Terra (LUNA) is in an overall 97.13% fall after its peak two years ago, where it rose to an all-time high of $19.54. The altcoin had a decent surge today as the LUNA price increased to $0.5973 before declining to the current value of $0.5429. It has a market cap of $415,779,481, placing it 150th on the CoinmarketCap. LUNAâs trading volume is at $61,744,317, which has surged 102% in the last 24 hours, clarifying the reasons behind this surge.
LUNC is also on the same path, facing a 99.99% decline from its peak days in May 2022. Because of that, the Terra Classic price is at $0.0001027, which has hiked 1.18% from yesterday. Along with that, it has a market cap of $594,114,483. The surge in its network activity has pushed the trading volume to $37,034,782 after a 40% rise.
LUNA and LUNC had a better performance a few hours ago, as the trend seems to be declining by now as a slight downward moment is noticeable in the charts.
Terra (LUNA) is in an overall 97.13% fall after its peak two years ago, where it rose to an all-time high of $19.54. The altcoin had a decent surge today as the LUNA price increased to $0.5973 before declining to the current value of $0.5429. It has a market cap of $415,779,481, placing it 150th on the CoinmarketCap. LUNAâs trading volume is at $61,744,317, which has surged 102% in the last 24 hours, clarifying the reasons behind this surge.
LUNC is also on the same path, facing a 99.99% decline from its peak days in May 2022. Because of that, the Terra Classic price is at $0.0001027, which has hiked 1.18% from yesterday. Along with that, it has a market cap of $594,114,483. The surge in its network activity has pushed the trading volume to $37,034,782 after a 40% rise.
LUNA and LUNC had a better performance a few hours ago, as the trend seems to be declining by now as a slight downward moment is noticeable in the charts.
Why LUNA and LUNC Prices Are Surging Today?
With two years of downtrend, the Terra tokens have lost all the value. But with today's rise, LUNA and LUNC are bullish due to the improvement in the SEC case.
The Terra tokens are on the move again, creating high hopes among investors to see a recovery in value. With the downfall of these cryptos in 2022, it is about time to witness some major gains because of the bullish market situation. The upcoming altcoin season is the hope for Terra (LUNA) and Terra Luna Classic (LUNC) holders.
This LUNA and LUNC price surge is interesting as the rest of the market was in downfall earlier, where Bitcoin and the rest of the popular altcoins declined. On that note, let us discuss why these Terra tokens are rising today.
With two years of downtrend, the Terra tokens have lost all the value. But with today's rise, LUNA and LUNC are bullish due to the improvement in the SEC case.
The Terra tokens are on the move again, creating high hopes among investors to see a recovery in value. With the downfall of these cryptos in 2022, it is about time to witness some major gains because of the bullish market situation. The upcoming altcoin season is the hope for Terra (LUNA) and Terra Luna Classic (LUNC) holders.
This LUNA and LUNC price surge is interesting as the rest of the market was in downfall earlier, where Bitcoin and the rest of the popular altcoins declined. On that note, let us discuss why these Terra tokens are rising today.
Terraform Labs Has Just $75 Million In Assets, How Will It Pay the SEC $4.75 Billion?
Crypto community has raised doubts about Terraform's ability to pay such a substantial sum, equivalent to 64,824 Bitcoin, given their reported $75 million in known assets.
HIGHLIGHTS
The Terraform settlement comprises $4.05 billion in disgorgement and a $420 million civil fine.With $75 million in assets from its "known" wallet, questions remain as to where the additional $3.75 billion will come from.Crypto community demands that Terra should first pay all the affected users from the 2022 crash.
In a major announcement on Wednesday, Terraform Labs stated that they would be paying nearly $4.5 billion in order to settle the SEC lawsuit. However, many in the crypto community have started raising doubts about how the bankrupt Terraform Labs with only $75 million in assets under management plan to pay such a massive amount in fines.
From Where Will Terraform Labs Bring $4.5 Billion?
CryptoQuant founder Ki Young Ju recently questioned the source of such a large sum of settlement by Terraform Labs which is equivalent to 64,824 Bitcoin. He questioned whether this sum was actually used to restore the UST peg while expressing suspicion over the transaction.
âWhere does this money come from? Did they actually use it to restore the peg? Sus,â Ki Young Ju stated on X platform. He further stated that the $4.47 billion cash-out is implausible, even if Terraformâs market cap is $40 billion while adding that neither Do Kwon nor Terraform Labs should possess such a substantial amount of funds. As reported by CoinGape, Coinbase CLO Paul Grewal also raised doubts over the SEC settlement.
On the other hand, Terraform Labs has only $75 million worth of assets in their âknownâ wallet. So the question remains where will it bring the additional $3.75 billion?
So #Terraform only have $75m in assets in their âknownâ wallets â where is the $3.75b balance of this #SEC fine coming from? đ pic.twitter.com/vqcbeGMgte
David Hoffman, the co-founder of Bankless and Ethereum contributor stated: âIf Terraform Labs ACTUALLY has $4.5B in assets⌠and if it ACTUALLY is paid as a fine to the U.S. SEC, instead of the users who lost itâŚ. itâll be one of the craziest examples of agency corruption in our lifetimesâ.
Whatâs the Truth Behind the $4.5 Billion SEC Settlement?
Note that the current settlement with Terraform Labs involves disgorgement to the bankrupt estate instead of any direct payment to the SEC. The judgment includes $4.05 billion in disgorgement in addition to interest and a $420 million civil fine.
Considering Terraâs bankruptcy filing in January, they are unlikely to pay much of the total settlement amount. Rather, it will be treated as an unsecured claim in the Chapter 11 liquidation process.
Terra founder Do Kwon has also agreed to a ban on crypto transactions and shall transfer $204 million to Terraformâs bankruptcy estate.
HIGHLIGHTS
The Terraform settlement comprises $4.05 billion in disgorgement and a $420 million civil fine.With $75 million in assets from its "known" wallet, questions remain as to where the additional $3.75 billion will come from.Crypto community demands that Terra should first pay all the affected users from the 2022 crash.
In a major announcement on Wednesday, Terraform Labs stated that they would be paying nearly $4.5 billion in order to settle the SEC lawsuit. However, many in the crypto community have started raising doubts about how the bankrupt Terraform Labs with only $75 million in assets under management plan to pay such a massive amount in fines.
From Where Will Terraform Labs Bring $4.5 Billion?
CryptoQuant founder Ki Young Ju recently questioned the source of such a large sum of settlement by Terraform Labs which is equivalent to 64,824 Bitcoin. He questioned whether this sum was actually used to restore the UST peg while expressing suspicion over the transaction.
âWhere does this money come from? Did they actually use it to restore the peg? Sus,â Ki Young Ju stated on X platform. He further stated that the $4.47 billion cash-out is implausible, even if Terraformâs market cap is $40 billion while adding that neither Do Kwon nor Terraform Labs should possess such a substantial amount of funds. As reported by CoinGape, Coinbase CLO Paul Grewal also raised doubts over the SEC settlement.
On the other hand, Terraform Labs has only $75 million worth of assets in their âknownâ wallet. So the question remains where will it bring the additional $3.75 billion?
So #Terraform only have $75m in assets in their âknownâ wallets â where is the $3.75b balance of this #SEC fine coming from? đ pic.twitter.com/vqcbeGMgte
David Hoffman, the co-founder of Bankless and Ethereum contributor stated: âIf Terraform Labs ACTUALLY has $4.5B in assets⌠and if it ACTUALLY is paid as a fine to the U.S. SEC, instead of the users who lost itâŚ. itâll be one of the craziest examples of agency corruption in our lifetimesâ.
Whatâs the Truth Behind the $4.5 Billion SEC Settlement?
Note that the current settlement with Terraform Labs involves disgorgement to the bankrupt estate instead of any direct payment to the SEC. The judgment includes $4.05 billion in disgorgement in addition to interest and a $420 million civil fine.
Considering Terraâs bankruptcy filing in January, they are unlikely to pay much of the total settlement amount. Rather, it will be treated as an unsecured claim in the Chapter 11 liquidation process.
Terra founder Do Kwon has also agreed to a ban on crypto transactions and shall transfer $204 million to Terraformâs bankruptcy estate.
Solana Price Analysis Hints Rally to $200 as OnChain Metric Jumps 33%
Solana Price Analysis: Explore how SOLâs symmetrical triangle pattern and increased on-chain activity suggest potential for future price gains.
HIGHLIGHTS
A bullish breakout from the triangle pattern is needed to trigger a directional rally in the SOL price.
The flattish trend of 20-and-50-day EMAs accentuates the near-term trend sideways for this token.
The 24-hour trading volume on the Solana coin is $2.57 Billion, indicating a 6.04% loss.
Solana Price Prediction: On June 12th, the Solana coin witnessed a notable jump of 7% to reach the trading value of $160. This uptick followed the broader market recovery as crypto investors reacted positively to the U.S. CPI Data. The United States reported that Mayâs unadjusted Consumer Price Index (CPI) annual rate stood at 3.3%. A less hawkish monetary policy generally supports riskier assets, including cryptocurrencies, by maintaining more favorable liquidity conditions.
Solana Price Analysis: Explore how SOLâs symmetrical triangle pattern and increased on-chain activity suggest potential for future price gains.
HIGHLIGHTS
A bullish breakout from the triangle pattern is needed to trigger a directional rally in the SOL price.
The flattish trend of 20-and-50-day EMAs accentuates the near-term trend sideways for this token.
The 24-hour trading volume on the Solana coin is $2.57 Billion, indicating a 6.04% loss.
Solana Price Prediction: On June 12th, the Solana coin witnessed a notable jump of 7% to reach the trading value of $160. This uptick followed the broader market recovery as crypto investors reacted positively to the U.S. CPI Data. The United States reported that Mayâs unadjusted Consumer Price Index (CPI) annual rate stood at 3.3%. A less hawkish monetary policy generally supports riskier assets, including cryptocurrencies, by maintaining more favorable liquidity conditions.
