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Entry zone : 0.39631_0.40440
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Analysts have published a list of the top 12 countries for cryptocurrency enthusiasts in terms of taxation. 👀 These include: ElSalvador, Puerto Rico, Switzerland, Georgia, Malta, British Virgin Islands, Cayman Islands, UAE, #HongKong , Malaysia, Singapore, and Slovenia. These countries offer a tax-free regime for cryptocurrencies, significant tax advantages for crypto investors, and regulatory benefits. 💪 #SOFR_Spike #US_Job_Market_Slowdown #IntroToCopytrading #BinanceTournament

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The President of ETF Store believes that trading of the Ethereum ETF will commence on July 15th. Nate Geraci, President of ETF Store, expects trading of the #EthereumETF to begin in mid-July. 📊 Revised S-1 forms will be submitted on July 8th, with the final version potentially appearing on July 12th. 🧐 According to his opinion, trading could commence on July 15th. #SOFR_Spike #US_Job_Market_Slowdown #IntroToCopytrading #BinanceTournament

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LUNC Price To Hit $0.0001 In July? LUNC price dropped over 1% in the past 24 hours, with the price currently trading at $0.00008196. The 24-hour low and high are $0.00008050 and $0.00008366, respectively. However, trading volume has decreased further by 21% in the last 24 hours. Binance LUNC burn, #TerraformLabs ’ LUNC and $USTC burn, and Tax2Gas implementation in July to provide the necessary push in $LUNC price, with the community expecting a recovery above $0.0001. Meanwhile, #USTC price trades at $0.01783, down 1.5% in the last 24 hours. The 24-hour low and high are $0.01755 and $0.01802, respectively. Trading volume has decreased by 12%, indicating a dip in interest among traders. In the derivatives market, #LUNC✅ and 1000LUNC futures open interests have fell in the last 24 hours. Traders now awaiting the monthly close and further cues from macro for trading in July. #SOFR_Spike #US_Job_Market_Slowdown

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Terra Luna Classic To Remove 18 Billion LUNC From Supply, Will LUNC And USTC Rally? Terra Luna Classic community to burn 12 billion in LUNC and 68 million USTC in contracts including Lido DAO rewards dispatcher, removing them completely from supply. The move comes as the community started removing LUNC and USTC from circulating circulating supply for revival and repeg to $1. #TerraLunaClassic 12 billion LUNC Burn The Terra Luna Classic community takes out 12 billion in LUNC and 68 million USTC from circulation. It is the second largest removal from the circulating supply after the recent 7 billion LUNC burned in burn tax that saw 8.34 billion total fees accrued in a single day. The massive 12 billion LUNC will be burned from Anchor bLuna rewards and Lido rewards dispatcher contracts, as per a proposal. Also, the changes are live on the CoinMarketCap and CoinGecko. Since the contract owner has invalidated itself, the Terra Luna Classic community now owns the contracts. “These funds are locked since Lido DAO passed a proposal on June 22, 2022 to make all Lido contracts on Terra Classic non upgradable and make their ownership invalid,” revealed an X account named #TerraClassic Foundation. The governance voting on the proposed burn to begin soon to get the community’s approval on burning these funds. Terra Luna Classic developers also remove other $LUNC and $USTC from circulation that will be burned over time. The community removed 93 million #LUNC✅ and 87 million #USTC in the Terra Shuttle Bridge (BSC) contract from the circulating supply. #SOFR_Spike

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Potential Impact On LUNC Price The recent delegation of 30 million LUNC to Hexxagon has garnered attention within the Terra Classic community. Most members view this as a positive step towards strengthening the network’s infrastructure. Moreover, they believe that Hexxagon’s involvement will enhance the reliability and security of the Terra Classic ecosystem. From an economic perspective, this significant delegation could impact the price of LUNC. Increased delegation often signals confidence in the network, which can attract more investors. If Hexxagon successfully enhances the network’s infrastructure, it could lead to increased usage and demand for LUNC. However, the community’s trust is crucial. If Hexxagon and L1TF can demonstrate transparency and effective management, it might positively influence LUNC price. Conversely, any missteps could lead to volatility and uncertainty due to the network’s infamous history. At press time, the Terra Classic price was down by 1.83% to $0.00008063 on Tuesday, July 2. Meanwhile, the LUNC market capitalization stood at $441.41 million. Whilst, Terra Classic trading volume slumped 7.59% to $14.24 million. However, the Terra Luna Classic community has rallied efforts to initiate LUNC token burns. On Monday, Binance, the biggest cryptocurrency #exchange in the world, sent 1.7 billion Terra Luna Classic (#LUNC✅ ) tokens to its burn wallet. This marks the 23rd batch in Binance’s ongoing effort to reduce the LUNC supply. With this latest transaction, Binance has burned almost 62 billion $LUNC in total. Moreover, the Terra Luna Classic community has collectively burned more than 125 billion LUNC #tokens so far. Since 2022, Binance has supported the #TerraLunaClassic community’s revival efforts through its monthly token burn mechanism. #SOFR_Spike

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