Stakeholders with Terraform Labs Pte. Ltd. (TFL) and Terraform Labs Limited (TLL) need to act quickly to protect their voting rights. They must submit preliminary Crypto Loss Proofs of Claim by August 21, 2024, at 5:00 PM (ET) to be eligible to vote in the bankruptcy case.
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This filing is crucial for stakeholders who wish to vote on the Chapter 11 plan. However, it is important to note that this process does not address how claims will be ultimately distributed; that matter will be resolved at a later stage of the bankruptcy case. Claims must be related to events involving TFL before January 21, 2024, and TLL before July 1, 2024. To ensure participation in the proceedings, stakeholders should submit their claims by the specified deadline.

Filing Requirements for Chapter 11 Voting Rights

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Stakeholders with claims that arose before the specified dates must file their claims by the deadline to participate in the Chapter 11 voting process. This filing is solely for determining voting eligibility and does not impact how claims will be distributed, which will be addressed later in the proceedings.
Claims must be submitted through Epiq Corporate Restructuring, LLC’s official website or sent by hand or mail to the designated addresses. Submissions must be in English, valued in US dollars as of the petition date, and signed under penalty of perjury.
A Crypto Loss Claim includes claims related to various transactions involving Terra ecosystem crypto assets, such as wrapped, bridged, staked, bonded versions, and derivatives or swaps of these assets.
Essential Filing Requirements for Voting Rights

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Individuals or entities with Crypto Loss Claims against the Debtors prior to the petition dates must file a claim to vote on the Chapter 11 plan. Exceptions apply to those who have already submitted a similar claim form, whose claims have been fully settled, or who choose not to vote on the plan.
Failure to submit the Preliminary Crypto Loss Proof of Claim by August 21, 2024, will disqualify stakeholders from voting on the Chapter 11 plan. However, it will not affect their ability to file claims for future distributions once the plan is confirmed. Adhering to these filing deadlines is crucial for participating in the voting process.
In summary, stakeholders need to act quickly to maintain their voting rights in the Terraform Labs Chapter 11 case. The filing process underscores the importance of meeting deadlines to participate in the bankruptcy decision-making process. While this preliminary filing is for voting purposes only, stakeholders can still claim future distributions, reflecting the complex nature of financial restructuring.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#LUNC #LUNA #TERRA #USTC #EthereumETF $LUNC $USTC $LUNA

In the world of cryptocurrency, two distinct tokens have been making headlines lately - Terra Luna Classic (LUNC) and Wall Street Memes (WSM). Let's take a closer look at their journeys and what lies ahead.

Terra Luna Classic (LUNC): A Struggle for Recovery

Over the last six months, Terra Luna Classic (LUNC) has experienced a consistent downward trend. This decline has been driven by a descending channel pattern, characterized by lower highs and lows. Market sentiment seemed to favor selling during attempts at bullish rebounds. In mid-July, LUNC entered a correction trend, leading to a significant drop in its market value. From a peak of $0.0000096, the price fell to a low of $0.0000052. Interestingly, this decline matched the lower boundary of the falling channel, sparking hopes of a potential reversal.

However, in mid-August, intense selling pressure pushed LUNC from $0.0000658 to $0.0000523. This abrupt decrease prompted a crucial test of the support trendline within the descending channel pattern. Currently, LUNC's price stands at $0.000062, showing a 1.61% increase in the last 24 hours. Yet, over the past week, the token's price has dropped by 5.56%. With its market cap now below $400 million, around $360 million, and a significant 88.95% surge in 24-hour trading volume, LUNC faces challenges.

Looking at the technicals, today's pivotal point (P1) for Terra Luna Classic is $0.0000624. Key support levels are at $0.0000620, $0.0000617, and the strongest at $0.0000613. Resistance levels are positioned at $0.0000627, $0.0000630, and $0.0000634. A bearish trend might emerge if the price continues to drop after breaking the $0.0000613 support level. Some traders and experts anticipate a trading range of $0.0000622 to $0.0000635 for 2023, with a potential price around $0.000071 in the following year.

Considering recent challenges, including network upgrades, development setbacks, and governance debates, LUNC's decline this year has been evident. It's faced a setback this week when the Terra official Twitter account warned against a potentially compromised domain, eroding trust in LUNC and its ecosystem. The unresolved issue compounds the problem, potentially hindering recovery from recent losses.

A proposal to burn 800 million USTC (the associated stablecoin) has gained traction, sparking hopes for LUNC and USTC. This burn might ignite a positive turn, but significant movements still loom. The best-case scenario for the next few weeks is a recovery to $0.0000751, though challenges persist.

Conclusion

Terra Luna Classic's struggle and Wall Street Memes' ascent illustrate the dynamic nature of the crypto world. As LUNC grapples with challenges, WSM shines with its innovative approach and celebrity backing. While the road ahead for both tokens remains uncertain, they exemplify the diverse landscape of digital currencies.

$LUNC #TERRA $LUNA

The Terra Luna Classic price has risen by 1% in the past 24 hours, reaching $0.00012574 as the cryptocurrency market as a whole gains by 4.5%.

LUNC's current level means that it has increased in price by 3% in the last seven days and by 4% in the last 30, at a time when Bitcoin (BTC) has surged by 8% and 46% within the same timeframes.

However, LUNC's relative underperformance in recent weeks sets it up nicely for above-average returns in the near and more distant future, with Binance continuing to burn billions of LUNC tokens.

And with the Terra Grants Foundation applying for investment from the crypto-exchange, it could only be a matter of time before LUNC's ecosystem begins growing again, to the point where it attracts more apps, users and holders.

Terra Luna Classic Price Prediction as the LUNC Rally Gains Momentum – Here's the Next LUNC Target

LUNC's price chart suggests that it may be on the brink of a much-needed rally, with its indicators looking set to rise.

Its relative strength index, for example, has begun rising towards 50, after spending much of March in some very low, oversold positions.

Likewise, LUNC's 30-day moving average (red) has reached a bottom in relation to its 200-day (blue), signalling that it's due to begin rising upwards.

Indeed, with LUNC's price also below its 200-day (and 30-day), all available technical indicators would suggest that the altcoin has to jump again sooner or later.

And it's very possible that this jump has just begun, with BTC's 6% rise today helping to lift the market as a whole, including LUNC.

Looking at the bigger picture, LUNC probably has a long way to go before it can witness truly large rallies, yet it needs to be highlighted that the Terra Luna Classic community is constantly working to improve the altcoin's ecosystem.

Most recently, Terra Luna Classic's Layer 1 Task Force has submitted a governance proposal that would increase funding for their work in developing LUNC's network, while also introducing a few useful technical changes (e.g. improved parity and interoperability with Cosmos).

While this proposal is still under vote, it shows that most members of the community are serious about giving Terra Luna Classic more genuine utility, rather than being focused only on burning tokens.

In this respect, it's also encouraging to note that the Terra Grants Foundation -- which was approved into existence back in November -- has submitted a grant application worth $5 million to Binance, which is currently evaluating.

Again, this shows that LUNC's current status as a semi-meme token is likely going to be shortlived, with Terra Luna Classic's key developers working out ways to give the network a more meaningful raison d'être.

That said, February brought acceptance of a proposal to re-peg sister stablecoin USTC, something which would necessitate large-scale burning of LUNC.

While there hasn't been much of an update on this proposal since its acceptance, Binance continues to burn its LUNC trading fees, with the latest round destroying a total of 1.6 billion LUNC over the past month.

However, Terra Luna Classic will have to increase its burning considerably if it's to bring about a substantial decrease in LUNC's circulating supply, which currently stands at 5.899 trillion LUNC.

This is perhaps why LUNC's price hasn't really done much in the past few weeks, with the total amount burned remaining at a modest 53.1 billion (or 0.9% of LUNC's supply).

Nonetheless, there's no doubt that work continues on improving the overall value of the Terra Luna Classic network, while also boosting LUNC's price.

Not only do we have the above proposals to point to in this regard, but last month saw developer Edward Kim publish a blog in which he announced he would be focusing on building machine learning-based applications that could be integrated with Terra Luna Classic via Cosmos.

An Assistant Professor of Computer Science at Drexel University, Kim's re-focusing on AI could pay off massively for LUNC somewhere down the line, given the growing interest AI has seen since the arrival of ChatGPT at the end of last year.

As such, LUNC continues to have very good long-term prospects, even if it isn't setting the market alight at the moment.

From its current price of $0.00012538, it could rise to $0.0002 by the middle of the year, before potentially reaching $0.0005 or higher by the end.

But if a proposal to burn substantial amounts of LUNC does pass, who knows where its price could go.

#LUNC #LUNA #TERRA #Binance #crypto2023

Cremation Coin is now 30 million tokens away from overtaking Allnodes as the sixth-largest LUNC burner on LUNCDash.

Cremation Coin has burned a whopping 30.6 million Terra Classic (LUNC) as part of its weekly contribution to the Terra Classic burn initiative. The project now boasts 326 million token burns since it began its contributions to the campaign.

The Cremation Coin team called attention to the latest burn through its official Twitter handle today, soliciting more adoption to expedite the burns for this week. The burn transaction occurred at 02:46 (UTC) today and represents a portion of the project’s volume for last week.

Transactional proof of the burns…

Let's burn even more next week!https://t.co/xkjpHjAQWFhttps://t.co/DrwjZwGcMo$lunc #lunc #bnb #bsc #binance #luncburn #lunccommunity $shib #shib #btc $btc #1000x #crypto #cryptocurrency #luncarmy #CREMAT #CREMATburn #ETH $ETH #Ethereum pic.twitter.com/7B4MnoIO6D

— Cremation Coin 🔥Weekly LUNC Burns🔥 (@Cremation_Coin) April 4, 2023

Cremation Coin’s previous burn involved 18.3 million tokens last week. The latest burn brings the project’s total burns to 326.6 million LUNC tokens in three months. Nonetheless, LUNCDash puts its total burns at 314.4 million Terra Classic, having begun indexing its burns at a later date.

Despite the discrepancy, Cremation Coin has quickly moved to seventh position on the list of biggest Terra Classic burners, with just 30 million tokens away from overtaking prominent validator Allnodes as the sixth largest burner. Cremation Coin is also 109 million tokens away from reaching LUNC DAO’s total burns of 434 million.

This Week’s Burns

Cremation Coin’s 30.6 million burns represent 91% of this week’s total Terra Classic burn transaction, currently at 33.4 million LUNC. Besides Cremation Coin, LUNC DAO also contributed weekly to the campaign.

The LUNC DAO transaction occurred yesterday at 01:31 (UTC) and involved the incineration of 1.57 million tokens. LUNC DAO has remained consistent in token burns ever since the start of the burn initiative. Despite a reduction in burn rate, the validator has been incinerating millions of tokens occasionally.

#LUNC #LUNA #TERRA #crypto2023 #Binance

The price of Terra Classic (LUNC) was able to print a 24-hour gain according to CoinMarketCap. At press time, the altcoin’s price is up around 1.32% – taking its price up to $0.000126.

Not only did LUNC’s price strengthen against the Dollar, however. Currently, LUNC’s price is up 2.11% against Bitcoin (BTC) and 3.38% against Ethereum (ETH) as well.

4-hour chart for LUNC/USDT (Source: TradingView)

The 4-hour chart for LUNC shows that the altcoin’s price is trading within the consolidation channel between $0.00012469 and $0.00012697 at press time. The crypto’s price has attempted to break out of this channel twice already, however. The first attempt was at midnight on Friday and the second attempt occurred on Saturday evening.

Both attempts failed and LUNC’s price retracted back into the previously-mentioned price channel within the 4 hours that followed each attempt. As a result of these failed attempts at breaking out of the consolidation channel, LUNC’s price finds itself in a tough position at press time.

A bearish descending triangle pattern has formed on LUNC’s 4-hour chart given that LUNC’s price has established lower highs with each attempt at breaking out of the consolidation channel.

LUNC’s price is approaching the apex of this bearish chart pattern and, should it fail to break above it, will decline below $0.00012469 in the next 24-48 hours.

Should this bearish thesis be validated, LUNC’s price will look to drop to the next key support level at $0.00012091. A potential technical sign that this price drop will happen will be when the RSI line on LUNC’s 4-hour chart crosses below the RSI SMA.

#TERRA #luna #crypto2023 #Binance #cryptotrading

Terra crypto price could not restore the bullish zone even after struggling for the past two weeks after a sharp fall earlier. The price was unable to climb into the $0.8 zone despite the multiple attempts of bulls in the recent sessions.
Moreover, the bulls have not lost hopes yet and are shifting the recent lows higher than the preceding lows, thus, intending to defend the previous one. The price experienced multiple support from a positive trendline and an ascending triangle pattern was noted on the charts.
The bears have established themselves near an upper supply zone at $0.8 and are intending to retrace the price at lower demand zones. The price trend is currently indecisive until it is maintained in the zone. 
However, the crypto is reaching a crucial zone form where either of the bulls or bears have to square off their positions and a fresh trend might be noted on the four hour chart. 

Terra Crypto Price Trend Analysis
The weekly chart suggests that Terra crypto price suffered rejection from the upper levels while attempting to surpass a round number and the psychological level of $1. The price fell sharply for three weeks, losing nearly 40% of its market cap in a very short span.
The price reversed from a high of $1.3 and retraced a low of $0.5 in the beginning of January 2024 from where the bulls took charge and halted the further momentum. The recent dip sent the price to a two month low. 
Currently, the bulls are attempting but lacking buying volumes in order to counter the selling pressure and push the price back to the bullish zone. At the four hour chart a fresh ascending triangle pattern is observed. 
Now, the breakdown to the upper side may encourage buyers to gather more buying volume and challenge the sellers at the upper levels. 
On the other side, the recent trendline support might be the last hope for buyers to be in the game. A break below it may trigger stop losses of the buyers and the price may slide to the lower demand zones.
Terra Price Prediction January 2024

As per the most optimistic view of our analysts, the LUNA price could reach a high of $0.883 by the end of the month. The bearish view of analysts hopes for a breakdown below the recent support after which the price may drop to a low of $0.6337.
Terra Price Prediction 2024
The price prediction for 2024 shows that Terra crypto may advance to a high of $1.1801 by the end of year 2024. The less optimistic analysts estimate a price target of $0.961 by the end of year 2024.
Terra Price Prediction 2025
On the most bullish observation, Terra crypto could gain to a high of $1.6487 in the year 2025. On the flip side, the most pessimistic prediction of our analysts is for the price to reach $1.2644. 
$LUNA #LUNA #TERRA

In spite of their efforts to redeem themselves, FTX and Terra are considered to be two of the most significant flops in the history of cryptocurrency.
During the previous two weeks, the price of FTT has experienced a decrease of 38%, although the price of the other alternative cryptocurrencies has shown rise.
Over the course of this month, the price of Luna Classic had a decline of 42 percent, which demonstrates a decline in trust in these assets in front of 2024.
In light of the fact that the entire market value increased by 117% year to far, the cryptocurrency industry experienced a positive year. A number of cryptocurrencies, including Bitcoin, Solana, Render, and Avalanche, all had phenomenal growth over this period of time. On the other hand, as the year draws to a close, it appears like a certain category of tokens is falling into the bear's grasp before the year 2024 begins.
The price of Luna Classic did not vary significantly in the year 2023.
The price of Luna Classic may have seen fluctuation over the course of the previous year, with periods of ups and downs as well as times of rallies and corrections; nonetheless, the value of the asset remains almost unchanged in comparison to what it was worth at the beginning of 2023.

With a price of $0.0001465 at the time of this writing, the value of LUNC has increased by little more than 1.3% over the course of the past year. It was possible that the token of the insolvent firm would have seen a rise of 75%; however, the correction that has been observed since the beginning of December has eliminated this option as well.
The cryptocurrency had a fall of 42 percent over the course of the last three weeks, during which it made a fleeting attempt to test the $0.0001780 line as a support level but ultimately failed to do so.
As a result of the fact that investors would most likely prefer to shift their money into assets that have genuine potential for growth, the prospects of experiencing growth in 2024 are low, despite the fact that the market as a whole is showing signs of increased optimism.
Ever since the beginning of 2023, the native token of the controversial cryptocurrency exchange FTX, which has since gone bankrupt, has managed to track a growth of 312%. On the other hand, this does not change the reality that the alternative cryptocurrency will have significant outflows in the year 2024.
It is anticipated that the establishment of a spot Bitcoin exchange-traded fund (ETF) would largely direct investors and institutions toward Bitcoin and other top assets. The other option will be assets that are fundamentally solid, such as layer 2 and DeFi tokens. The final point is that meme currencies and trending tokens have a lot higher chance of recognizing gains than FTT does because the latter does not serve any particular function.
The fact that Sam Bankman-Fried, the originator of FTX, was found guilty means that the "trend" part of the asset has been destroyed. This is demonstrated by the fall of 38 percent that has been witnessed over the last two weeks. The token, in and of itself, is worthless in any fundamental sense.

Bearishness is also being displayed by price indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), which lends support to the idea that there is a possibility of a downturn moving into the year 2024.
#FTX #TERRA #crypto2024 $FTT $LUNC

The Terra Classic (LUNC) price prediction moves toward the positive side as the bulls defend the support at $0.000087

Terra Classic Prediction Statistics Data:

LUNC price now – $0.000088

LUNC market cap – $512.7 million

LUNC circulating supply – 5.81 trillion

LUNC total supply – 6.84 trillion

LUNC Coinmarketcap ranking – #79

LUNC/USD Long-term Trend: Ranging (1D Chart)

Key Levels:

Resistance levels: $0.000110, $0.000120, $0.000130

Support levels: $0.000071, $0.000061, $0.000051

LUNC/USD is undergoing a much-needed break to the positive side as the coin trades within the 9-day and 21-day moving averages. The Terra Classic is posting gains of over 0.24% at the time of writing, trading above the 21-day moving average at $0.000088.

Terra Classic Price Prediction: LUNC Price Could Spike to the Upside

The Terra Classic price resumes back in the middle of consolidation as the coin moves to cross above the 9-day moving average. The price is now roaming around the $0.000088 level. Meanwhile, if the market continues the upward movement, the $0.000090 resistance level is likely to surface in the next few positive moves. Moreover, LUNC/USD pair might further look for higher price levels if the bulls continue to show commitment.

However, the market is currently displaying a sign of subduing volatility with choppy price action. On the other hand, if LUNC/USD crosses below the 21-day moving average and heads toward the lower boundary of the channel, the price may likely roll back to the previous supports at $0.000071, $0.000061, and $0.000051. But as the Relative Strength Index (14) moves above the 50-level, the next resistance levels could be located at $0.000110, $0.000120, and $0.000130 respectively.

Against Bitcoin, LUNC price is ranging, the coin recently trades above the 9-day and 21-day moving averages and it could rise toward the nearest resistance level of 320 SAT. Meanwhile, heading toward the upper boundary of the channel may hit the resistance level at 370 SAT and above.

On the contrary, any bearish movement by the bears may find the support level at 230 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) remains above the 70-level.

Terra Classic Alternatives

The Terra Classic price is heading to the upside as the coin crosses above the upper boundary of the channel. However, if the market continues the upward movement, the $0.000090 resistance level is likely to surface. Nevertheless, LUNC/USD may further look for higher price levels if the bulls continue to show commitment.

#REXBOX #TERRA #LUNC #crypto2023

After a consistent decline over the past seven months, the price of #LUNC finally broke through a significant resistance level on July 13th. This resistance, which had been exerting pressure on buyers, took the form of a downward sloping trendline within a wedge pattern. This breakthrough indicates an early indication of a trend reversal. As a result, coin holders can now anticipate several potential price targets based on this setup.

Following the breakout, the price of LUNC has experienced a remarkable surge of 12% over the past three days. As of the present moment, the altcoin is trading at $0.0000940. The subsequent rally has been accompanied by a significant increase in trading volume, indicating a strong conviction among buyers in the market.

The LUNC price currently encounters resistance at $0.00009700, with a significant obstacle at $0.00010200. A decisive breakthrough above $0.00010200 could signal the start of a substantial uptrend, potentially leading to a rise towards $0.00010500. Further upward movement might even pave the way for the price to reach the resistance level of $0.00011500.

However, if the $0.00009700 barrier proves to be insurmountable, a downward trend may ensue. Initial support can be found at $0.0000900, followed by a more substantial support level at $0.00008700. Should the price fall below $0.00008700, it could continue its decline towards the $0.00008300 support level. Further losses may intensify selling pressure, potentially causing the price to drop below $0.00008000.

According to Coingabbar Price Analysis, The market capitalization of this LUNC is estimated to be $539,967,389. The 24-hour trading volume for the coin is around $99,012,523.

KEY LEVELS :

RESISTANCE LEVEL : $0.00009600-$0.00010200

SUPPORT LEVEL : $0.00009000-$0.00008600

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#GOATMoments #TERRA #Binanceturns6 #coingabbar $LUNC $LUNA

South Korean authorities are intensifying their efforts to crack down on the alleged crypto fraud involving Terra and Luna. The latest developments reveal that the prosecutors have seized assets worth KRW 414.5 billion (approx. $347 million) from the management team of Terra. The amount also includes Do Kwon’s alleged involvement of KRW 69 billion (approx. $57 million).

According to KBS News, prosecutors have also requested Binance to stop Do Kwon from withdrawing cryptocurrencies. Do Kwon is allegedly planning to exchange a large portion of his property for Bitcoin and transfer it to exchanges. The report further states that the prosecutors have put a freeze on Do Kwon’s domestic properties, including apartments in Seoul and land in Gyeonggi Province, Hwaseong, and Taean.

While the other members of the Terra management team face asset freezes, Do Kwon’s situation is reportedly different. Prosecutors have not found any assets that can be seized from him, as he allegedly transferred a significant portion of his assets to overseas exchanges in the form of Bitcoin.

The crypto fraud scandal involving Terra and Luna has been making headlines since last year. Prosecutors have accused the management team of fraudulently raising funds from investors by promoting their digital currencies as an alternative to stablecoins. The team allegedly misrepresented the assets backing the digital currencies and exaggerated their expected returns, which led to massive losses for investors.

South Korean authorities have been cracking down on crypto-related fraud cases, and the Terra and Luna scandal is one of the latest cases. The incident serves as a reminder to investors to exercise caution when investing in digital currencies and to thoroughly research the project before investing.

#TERRA #Dokwon #Korean #crypto2023 #azcoinnews

This article was republished from azcoinnews.com