Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
WISE CRYPTO NEWS
Bullish
--・14.8k views
#BTC Terraform Labs Faces SEC in High-Stakes Trial: Judge Issues Jury Instructions In a courtroom dispute between the U.S. Securities and Exchange Commission and Terraform #labs , Judge Rakoff criticized both sides for straying off-topic. The SEC alleges that Terraform Labs and its founder, Do Kwon, violated securities laws by engaging in fraudulent activities related to Terraform securities. This includes misleading investors about the involvement of Chai Corp with TFL technology and misrepresenting the stability of UST stablecoin. The trial began with Terraform Labs defending against these allegations, while #DoKwon remains absent due to awaiting extradition decisions. The trial's potential impact on Terra Lab's tokens, LUNA and LUNC, is uncertain. Despite recent upgrades boosting $LUNA prices, concerns about the trial's outcome persist. $LUNC prices have seen fluctuations, influenced by factors like token burning and increasing demand. Currently, #LUNC is priced at $0.000161,with a market capitalization of $939.80. #SHIB

#BTC

Terraform Labs Faces SEC in High-Stakes Trial: Judge Issues Jury Instructions

In a courtroom dispute between the U.S. Securities and Exchange Commission and Terraform #labs , Judge Rakoff criticized both sides for straying off-topic. The SEC alleges that Terraform Labs and its founder, Do Kwon, violated securities laws by engaging in fraudulent activities related to Terraform securities. This includes misleading investors about the involvement of Chai Corp with TFL technology and misrepresenting the stability of UST stablecoin. The trial began with Terraform Labs defending against these allegations, while #DoKwon remains absent due to awaiting extradition decisions. The trial's potential impact on Terra Lab's tokens, LUNA and LUNC, is uncertain. Despite recent upgrades boosting $LUNA prices, concerns about the trial's outcome persist. $LUNC prices have seen fluctuations, influenced by factors like token burning and increasing demand. Currently, #LUNC is priced at $0.000161,with a market capitalization of $939.80.

#SHIB

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Replies 1
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
WISE CRYPTO NEWS
@wisegbevecryptonews9

Explore More From Creator

#BTC UPDATE: BTC is currently trading a range from quite a while now the lower region marked in the chart is acting as support while the upward rectangular region is acting as resistance. The Strong support level for #BTC🌪️ is the 60K region BTC needs to hold this region if this region breaks the range will break and then we may see a rejection to the lower levels. The resistance level for the $BTC is the 65k region for the bullish #BTC needs to flip the 65k resistance level and get a closure above it. We have a weekly closure within few Hours so volatility is expected trading alts may be risky so trade very cautiously in these conditions and must use sl. #ScamRiskWarning
--
Paid But Canceled 🥺🥺🥺 A seller might accept your order, but then refuse to release the crypto after you pay. They may make excuses and ask you to cancel the order first. Never cancel an order until you receive your refund! #ScamRiskWarning #Megadrop #BTC #bitcoin #Token2049
--
🌖 More on the Terra Luna Classic (LUNC) Proposals According to an explanation in regards to this proposal, “increasing the minimum commission is meant to increase the income especially for small validators to motivate them to invest in better infrastructure and increase resistance against attack.” Interestingly, the same can be said of Proposal 12094 “Proposal to decrease MaxBlockSize”. This has been approved officially by the Terra Luna Classic community after surpassing the threshold. The developer team #GenuineLabs was the chief architect of this proposal and is meant to decrease the MaxBlockSize from 5 MB to 2 MB to mitigate peer-to-peer spam. With all of these approved to serve the best interest of the ecosystem, Proposal 12095 – 10x Gas Fees which Crypto News Flash extensively covered was voted against because it could severely damage DApps and threaten the existence of an auto-compound module. In addition to these developments, the #TerraLunaClassic community pool balance has also reached a new milestone at an all-time high of 5 billion LUNC. As of April 21, the community pool held 5,005,468,596 $LUNC and 11,803,526 #USTC . This implies that developers and contributors have access to more funds. However, it has not been utilized to the maximum capacity. Contrary to the ongoing activities within the community, #LUNC✅ has failed to hold its ground as it breaks major support levels to fall by 9% in the last 24 hours, extending its 30-day decline to 39%. At press time, the asset was trading at $0.0001018 with a 5% decline in its 24-hour trading volume. However, analyst Javon Marks believes that the asset could stage a bullish reversal to surge by 270% amid the bull market. His prediction was based on the formation of a massive bull pennant pattern in the long timeline. #bitcoin
--
🌖 Terra Luna Classic Votes to Increase Validator Commission Tera Luna Classic ($LUNC ) takes a drastic approach to revolutionize its ecosystem with a series of approved proposals subject to voting. Over the years, developers have pointed out possible risks to the likes of #Cosmos , #Solana⁩ , and the Polkadot ecosystem, proposing proactive measures to mitigate any future spam attack. To prevent such occurrence on the chain and to raise the minimum validators’ commission from 0% to 2.5%, Proposal 12097 has currently been subjected to voting with quorum and pass threshold reached. At press time, the proposal had received 35 “YES” votes in addition to 32% “NO”, 0.5% “NO WITH VETO”, and 32.50% “ABSTAIN” votes. From the vote, it is obvious most of the validators voted in favor of the proposal. Commenting on this, one of the top validators Allnodes has observed that the VP of the top 15 validators has reduced drastically, and would be significantly less with the 2.5% commission implementation. As a result of this, he and six other validators voted “NO” compared to 33 validators who voted “YES”. #ScamRiskWarning #BTC #bitcoin
--
Quality Over Quantity For LUNC? Despite the collective effort to combat rising phishing attacks and Peer-to-peer (P2P) spam, Terra Classic’s developer activity has significantly plunged since March 29, 2024. Pointing to 2.95 in Santiment’s development activity index, the calm period accompanies a 32.7% price drop in LUNC value over the past 30 days. Apart from this setback, Terra Classic’s social metrics have also been overshadowed by competing altcoins and meme coins, as LUNC is now positioned in a historically low position, ranking at #140 in terms of global market cap. With a $644M market capitalization, LUNC is far from the $1 billion mark, last claimed in mid-March 2024. Nevertheless, Terra Classic holders are optimistic about the coin’s future due to the rapidly spiking Terra Luna Classic (LUNC) burn rate. As overall Terra Luna Classic burns are quickly approaching the 111 billion mark, this metric exposes a gradual growth in LUNC burns since the beginning of 2024. As of press time, #TerraLunaClassic (#LUNC✅ ) trades at $0.0001117, gaining 5% over the latest 7-day period. While the recent upward momentum provides some relief, #TerraClassic ($LUNC ) succumbed to a heavy crypto market correction on a monthly time frame, coming to grips with the 32.7% deficit and completely wiping out the meme coin-inspired Spring rally to $0.00022880 on March 5, 2024. #BTC #bitcoin
--

Latest News

Bitcoin(BTC) Drops Below 63,000 USDT with a 0.58% Decrease in 24 Hours
--
BNB Drops Below 600 USDT with a Narrowed 0.91% Increase in 24 Hours
--
Ethereum(ETH) Drops Below 3,300 USDT with a Narrowed 1.44% Increase in 24 Hours
--
Major Token Unlocks Expected Next Week, Totaling Around $400 Million
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie