With emerging technologies like Web3, Metaverse, and Decentralised Finance (DeFi) technologies, it is quite evident that cryptocurrencies are here to stay and that too for an infinite time.

Malicious intent, manipulating data, and unstructured and unauthorised use of finance led to the gradual bankruptcy of the well-known exchange platform.

Black Swan events like the Luna crash and FTX will just rebalance the industry to shed the unhealthy ecosystem

The introduction of Cryptocurrency was like the discovery of fire or sliced bread. It is a one-of-a-kind, rare, phenomenal digital asset that functions on blockchain technology.

It has completely transformed the way investors look forward to financial independence. This could be seen as a way to freedom from the dictates of central banks and regulations. However, It always took investors on a roller coaster ride. Few of them became ‘instant’ millionaires while others are still in the process.

Since its arrival, cryptocurrencies are going through their worst crisis. Bitcoin faced a straight fall on the face in late 2020 and is yet to recover, the collapse of some so-called ‘stablecoins’ have put a question mark on the crypto industry. To make the industry even more volatile, the giant cryptocurrency exchange failed. Allegations of fraud layered on the FTX case.When it hit the bottom last year, it was all tears. With the collapse of FTX, the third-largest crypto exchange platform, and other crypto projects, the last year seems to be the darkest hour in the crypto sphere. It is filled with many ‘Hows’, ‘Whys’, and ‘Ifs’!

The Great Fall of #FTX and FTT

Sam Bankman-Fried(SBF) co-founded Alameda Research in September 2017, which made profits by hedging crypto assets. Looking at the exponential growth, SBF founded FTX Trading Ltd. (Futures Exchange), an exchange platform for cryptocurrencies. Other than providing exchange services, FTX created its native token, called FTT.A report revealed, the sister firm Alameda held a large portion of its assets in FTT tokens. After this report, a series of not-so-good events bombarded FTX. #ChangpengZhao (CZ), CEO - #Binance - the leading exchange announced the sale of all of his holdings of FTT. When FTX’s customers found out, they panicked and tried to withdraw their money. FTX could not handle such a massive amount of withdrawals and buckled under market pressures, inching closer to insolvency. When the layers of the case unfolded themselves, another shocking revelation was made. FTX’s bookkeeping system allowed them to secretly shift $10 Billion to Alameda without alerting anyone. Thus, it gradually slipped into bankruptcy, filed in November 2022. In a meager 8 days, the company had Zero valuation. The users were to bear a loss of almost 800 Million. Amongst all the hues and cries one can observe that the death of FTX was majorly because the face behind it misused the technology.

It is not wrong to believe that malicious intent, manipulating data, and unstructured and unauthorized use of finance led to the gradual bankruptcy of the exchange platform.

Terra #Luna Failure

Stablecoins are often assumed to be safe havens in the crypto space. Impliedly, they’re meant to have a fixed value. Terra was becoming one of the biggest red-hot crypto projects. The network and its founder, Do Kwon, took four years to get pride and prestige in the crypto world. In just a matter of a few days, it hit the bottom, crashing down.TerraUSD (also known as UST) and Luna are two sister coins on the Terra network.The idea was to leverage the arbitrage to take advantage of Luna and maintain the price of UST constant at $1. This would eliminate the requirement for the platform to maintain US dollar reservoirs. The platform would use built-in algorithms to monitor supply and demand market forces for both coins to maintain equilibrium. The belief was that Terraform Labs could use clever mechanisms along with billions in Bitcoin reserves to maintain the peg of UST without the backstop of the USD. As depositors lost faith in the tokens in May of 2022, They rushed for the exit in the cryptocurrency equivalent of a bank run. Media sources had begun to label the Terra stablecoin and Luna token a Ponzi scheme and a rug-pull scam.

Cryptocurrencies Are Here To Stay

The cryptocurrency sector has been through a rough patch this year, and while it has been shaken up, all of us can use the disruption as a learning experience. Moreover, this is seen as a welcome change. With emerging technologies like Web3, Metaverse, and Decentralised Finance (DeFi) technologies, it is quite evident that cryptocurrencies are here to stay, and that too for an infinite time!

The Bottom Line

It is a learned opinion now that cryptocurrency is not just a fad, it is not going to disappear anytime soon. The durability of crypto-assets will continue to evolve and transform with the technologies that support them. Black Swan events like Luna crash and FTX will just rebalance the industry to shed the unhealthy ecosystem.

#coingabbar

Chapter 4: Veil of Shadows

As KAM delved further into the depths of Terra Luna(#lunc )'s mysteries, he found himself drawn into a realm that blurred the lines between reality and the ethereal. The encrypted files he had uncovered seemed to whisper secrets that only the chosen could comprehend, and a veil of shadows shrouded the path ahead.

In the heart of the night, KAM received a cryptic message from an anonymous source. "Beyond the blockchain lies a realm of ancient knowledge," it read. "Only those who dare to embrace the shadows can unlock the true potential of Terra Luna."

Intrigued and cautious, KAM followed the trail of clues, leading him to a hidden enclave deep within the digital landscape. There, he encountered a figure cloaked in darkness, who introduced herself as the Oracle of Luna.

"The path you tread is not for the faint of heart," the Oracle warned, her voice echoing with an otherworldly resonance. "To understand the true essence of Terra Luna, you must traverse the realms of the subconscious, where truth and illusion dance as one."

With trepidation, KAM stepped forward, guided by the Oracle through a labyrinth of cryptic symbols and enigmatic riddles. Each step felt like an eternity, as he wrestled with his own perceptions and beliefs, peeling away the layers of reality to reveal a deeper truth.

As the veils of shadows lifted, KAM's mind expanded beyond the confines of the physical world. Visions of ancient civilizations, long-forgotten knowledge, and celestial beings flooded his consciousness. The boundaries of time and space blurred, and he realized that Terra Luna was but a vessel for a higher cosmic purpose.

The Oracle revealed that Terra Luna's origins were intertwined with cosmic energies, guided by celestial forces that transcended mortal comprehension. #Dokwon 's vision was merely a conduit for a grander design, orchestrated by the veiled hands of ancient wisdom.

"The path of the #Luna traveler is one of enlightenment and ascendance," the Oracle intoned. "Those who embrace the shadows shall be entrusted with the sacred duty of preserving the delicate balance between worlds."

But with great knowledge came a grave responsibility. The Oracle warned KAM that there were those who sought to wield the power of Terra Luna for their own dark designs. The shadows cast by greed and ambition threatened to consume the very essence of Luna, corrupting its pure purpose.

Armed with newfound understanding, KAM emerged from the realm of shadows, his mind ablaze with revelations. Terra Luna was not just a creation of human ingenuity; it was an enigmatic force that resonated with the cosmic web of existence.

As he returned to the physical world, Luna awaited him with a knowing smile. "You have glimpsed the truth, KAM," she said. "But remember, the veil of shadows must be respected. It is the balance between light and dark that empowers Terra Luna's potential."

With his heart and mind aligned, KAM realized that he had a crucial role to play in safeguarding the purity of Terra Luna's purpose. The cosmic dance between truth and illusion, light and shadow, demanded vigilance and discernment.

As he embraced his role as a Luna traveler, KAM knew that the journey had only just begun. The mysteries of Terra Luna extended far beyond the boundaries of the digital realm, and the cosmic forces that guided its path were beyond mortal comprehension.

With the Oracle's words etched in his soul, KAM prepared to embark on a quest that transcended time and space. The fate of Terra Luna and its grand purpose lay in the balance, and he was determined to navigate the veils of shadows with unwavering resolve.

(To be continued...)

Terra's valuation witnessed a significant increase, spurred by a legal win for its founder, Do Kwon, signaling a boost in market confidence.
The decision for a retrial by a Montenegro court casts a shadow of complexity over the extradition process, thus injecting a degree of uncertainty regarding Terra's outlook.
In the wake of Terra's high appreciation, the crypto community has turned its focus towards the currency. This rally is largely linked to a recent legal development in favor of Do Kwon, Terraform Labs' creator. The reversal of a prior court decision against Kwon's extradition to the U.S. offers him a reprieve, potentially halting the extradition process altogether.
The Appellate Court of Montenegro's overturning of the previous extradition ruling provides Kwon, who has admitted guilt in charges connected to the Terra ecosystem's collapse, with renewed hope. After escaping to Montenegro post-Terra's mid-2022 crash, Kwon was detained for carrying fake official documents, marking the start of a lengthy legal challenge now seeing a possible pause.
This court-ordered retrial stands as a pivotal moment in Kwon's legal ordeal, underlining the convolutions tied to the extradition demands from both the U.S. and South Korea. The ambiguity over the chronological order of these requests necessitates additional examination by the Montenegrin judiciary.
Reports from Coinedition have hinted at Kwon's defense pointing towards political influences swaying the extradition process, further complicating the scenario.
Yet, it's crucial to acknowledge that Kwon's extradition remains a possibility. The retrial merely delays, or in some cases, could nullify the extradition efforts momentarily. This element of uncertainty plays a significant role in the shifting dynamics within the Terra ecosystem.
The recent extradition of Han Chang-Joon, Kwon's ex-CFO at Terraform, to South Korea serves as a vivid reminder of the ongoing legal challenges following Terra's downfall. Amidst these legal proceedings, Terra's cryptocurrency value surged, hitting $1.18 with a trading volume of $1.2405 billion in the past 24 hours—a remarkable 40.95% increase, indicating a surge in investor interest. However, technical indicators like the 1-Day RSI, MACD, and KST suggest the market might be overbought, pointing towards a potential slowdown in bullish momentum.
$LUNA
#Terra #Luna

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Closure of Shuttle Bridge: Potential Impacts on the Crypto Ecosystem

Cryptocurrencies and blockchain technology have gained significant importance in the financial world today. Within this ecosystem, bridges that enable asset transfers between different blockchain networks play a crucial role. In this article, we will explore the potential impacts of the closure of Shuttle Bridge, particularly in relation to LUNC (Terra Luna) and other cryptocurrencies.

Shuttle Bridge is a protocol that facilitates integration between Terra ecosystem and different blockchain networks. It enables the bridging and transfer of assets, especially for cryptocurrencies like #LUNC (Terra #Luna ). However, the closure of Shuttle Bridge can have various consequences.

**Negative Impacts:**

1. Decreased Liquidity: Shuttle Bridge expands liquidity pools by facilitating asset transfers between different networks. The closure of the bridge reduces liquidity and narrows trading opportunities. Particularly, the decrease in liquidity of liquid assets like LUNC (Terra Luna) can lead to price fluctuations and market instability.

2. Price Volatility: Shuttle Bridge helps stabilize prices by balancing price disparities between different networks. With the bridge's closure, these arbitrage and balancing mechanisms cease to exist. This can contribute to price volatility and instability.

3. Interoperability Loss: Shuttle Bridge enhances interoperability by enabling asset transfers between different blockchain networks. The closure of the bridge complicates or hinders integration between different networks. Users are restricted in their ability to transfer assets and capitalize on advantages across different networks. This negatively impacts user experience and may limit ecosystem growth.

4. Ecosystem Contraction: The closure of Shuttle Bridge can limit growth opportunities for the Terra ecosystem. The obstruction of integration between different networks diminishes the potential for expanding user bases of LUNC (Terra Luna) and other assets. Additionally, the ability to contribute to the DeFi ecosystem is curtailed.

**Positive Impacts:**

1. Enhanced Security and Reduced Risks: The closure of Shuttle Bridge can reduce security risks associated with asset transfers. This translates to decreased potential for errors, attacks, or network issues.

2. Technological Advancements: The closure of Shuttle Bridge presents an opportunity for developing new technological solutions and innovations. Developers can create new bridges or interoperability protocols that facilitate secure, fast, and efficient asset transfers.

3. Alternative Solutions and Innovation: The closure of Shuttle Bridge stimulates the search for alternative solutions and encourages innovation within the crypto ecosystem. New bridges or interoperability protocols that enable asset transfers between different blockchain networks can be developed.

4. Development of Autonomous DeFi Protocols: The closure of Shuttle Bridge can accelerate the development of autonomous DeFi protocols. These protocols automate asset transfers between different blockchain networks, reducing reliance on centralized bridges.

It is important to note that the closure of Shuttle Bridge can bring forth both positive and negative effects. In both cases, technological advancements and collaboration among ecosystem participants are crucial for realizing positive impacts. However, the outcomes may vary depending on the circumstances, underscoring the significance of closely monitoring the future of Shuttle Bridge.

If I have to put up with being laughed at because I write the truth because others don't do their own research because they simply haven't learned anything from the past, I'll do it for you.
Luna's maximum supply should be fixed at 1 billion as stated by the team but this is not quite the truth. let's look at the block explorer. As you can see, the total supply is already well over 1 billion ! 🤷🏽‍♂️
let's go further. you can check Luna's annual inflation rate in the whitepaper this is very easy To do this, simply click on the whitepaper and read it thoroughly. For some lazy people who rely on the statements of others, I will do it for you.
so and please before you comment on my post again that I'm lying or talking shit please remain respectful until you have checked it yourself thank you❤️ #HotTrends #Luna #dyor $LUNA

Chapter 13: Cosmic Awakening

In the wake of the celestial convergence, the Terra Luna (#lunc ) community found themselves in a state of cosmic awakening. The journey through the crypto universe had opened their eyes to the boundless possibilities of decentralization, and their spirits soared with newfound purpose.

As the price of Terra #Luna continued to ride the cosmic waves, KAM and the community navigated the uncharted territories of the crypto cosmos with steadfast determination. They were no longer mere spectators but active participants in shaping the future of decentralized finance.

The cosmic awakening had sparked a surge of creativity within the Terra Luna ecosystem. Innovations and ideas bloomed like celestial flowers, each one adding a unique hue to the ever-expanding universe of possibilities.

The Terra Luna team worked tirelessly to bring these visions to life, coding away in the cosmic depths of their virtual realm. New features and improvements were introduced, each one reflecting the principles of #decentralization and community empowerment.

"We are on the cusp of a revolution," KAM proclaimed, his voice echoing across the stars. "The cosmic awakening has ignited a fire within us, a fire that shall illuminate the path to a decentralized future."

The Terra Luna community echoed his sentiment, their unity and resolve stronger than ever before. They were no longer mere stargazers; they were cosmic pioneers, driven by a shared dream of decentralization and financial sovereignty.

As the days turned into cosmic cycles, Terra Luna's journey continued to capture the imagination of the crypto universe. Each chapter of the saga revealed new wonders and challenges, but the community stood united, ready to face whatever lay ahead.

Amidst the cosmic awakening, the burn rate of Terra Luna became a topic of celestial fascination. The supply of LUNC steadily decreased as more tokens were burned, further solidifying the deflationary nature of the cryptocurrency.

"We are witnessing a cosmic dance of scarcity and value," Do Kwon explained, his words carrying the weight of celestial wisdom. "The burn rate of Terra Luna reflects our commitment to a decentralized monetary system, where scarcity is a cosmic force that drives value."

The burn rate was not merely an economic concept; it was a cosmic principle, a reflection of Terra Luna's journey towards a new paradigm of finance. With each burned token, the community's dedication to decentralization grew stronger, paving the way for a cosmic shift in the financial landscape.

As Terra Luna's price continued to soar amidst the cosmic awakening, KAM felt a sense of cosmic responsibility weighing on his shoulders. The community had entrusted him with the guardianship of their dreams, and he vowed to protect their vision with unwavering resolve.

"Our journey is one of cosmic significance," KAM said, his voice steady. "We are not bound by the limitations of the past; we are cosmic pioneers, forging a new path towards financial empowerment and freedom."

And so, the cosmic awakening propelled Terra Luna into uncharted territories, where each chapter of the saga revealed new revelations and cosmic wonders. The community stood united, their belief in decentralization shining like a constellation in the crypto cosmos.

As they continued their cosmic odyssey, the Terra Luna community knew that the journey was far from over. The crypto universe held infinite mysteries, and with each step they took, they carved a celestial legacy that would echo across the cosmos for generations to come.

(To be continued...)

Note: The cosmic awakening marks a pivotal moment in Terra Luna's journey, where the community's belief in decentralization and financial sovereignty is ignited. With the burn rate of Terra Luna reflecting their commitment to scarcity and value, the crypto universe awaits the next chapter of this cosmic saga. If you wish to explore further into this captivating webtoon, let me know, and we shall continue this cosmic adventure in the upcoming chapters. #luncs