Bitcoin (Friday 10-20-2023) crossed the $30,000 barrier for the first time since August, with its gains during the week exceeding ten percent, then falling slightly to the levels of $29,430, and its market value has now reached $571 billion. The largest cryptocurrency rose. Global trading rose 4.8 percent during the day to $30,037, its highest level since August 9. The combined market value of the crypto market during Friday morning trading reached about $1.08 trillion. The trading volume reached approximately $39.63 billion.

The US Securities and Exchange Commission has dropped its lawsuit against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. This comes after a US judge rejected the SEC's appeal against the July ruling in favor of Ripple.

The lead developer of the Terra Luna Classic L1 Task Force (L1TF) has revealed its next focus in the Terra Luna Classic revival roadmap. L1TF announced a plan to enter maintenance mode for the fourth quarter. and address issues related to blockchain and Dapps. In addition to supporting the approved governance proposals. LUNC and USTC prices continue to remain under pressure. Terra Luna Classic L1TF enters maintenance mode L1TF developer Vinh Nguyen revealed in a post on X that the LITF developer team has returned 344 million LUNC to the community liquidity pool. According to StakeBin, the community pool has 2.10 billion LUNC and 6.08 million USTC. The Terra Luna L1 task force has now entered maintenance mode for the fourth quarter from October 17, 2023 to January 17, 2024. Nguyen said the team will mostly work on resolving the Astroport application mode dapp, blockchain issues, and PR support for L1 developments approved by the administration. said L1TF developer, Vinh Nguyen. The next focus is on L2 onboarding which the development team has been planning for months. The idea was first proposed by Professor Edward Kim. Vinh Nguyen also revealed that the roadmap for next year will be prepared in the fourth quarter. “The chain needs maintenance on L2. It is no less important than L1. The next focus is on Level 2 qualification. Therefore, I decided to install the first level.” Meanwhile, the L1TF development team is looking for qualified people to manage the preparation and marketing process for the second level. Developments regarding L2 onboarding and marketing are expected to resolve issues and bring decentralized applications onto the chain. LUNC and USTC continue to collapse Terra Luna Classic and USTC prices are under pressure amid the widespread sell-off that altcoins experienced last week. Terra Classic ecosystem tokens have failed to gain upward momentum despite major proposals. Key members who left L1TF earlier continue to influence the chain and the price of LUNC