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Terra Classic Price Plunge Ahead of Terraform Labs Bankruptcy Hearing: What Next for LUNC? Terra Classic (LUNC) price is experiencing a downturn after several weeks of market recovery. This decline coincides with a broader downward movement in the cryptocurrency sector. Many digital currencies are now showing signs of a bearish trend. The drop in LUNC’s value aligns with significant developments at Terraform Labs, preparing for a Chapter 11 bankruptcy plan hearing this September. Terra Classic Price Decreases as Court Date Nears Terra Classic price fluctuates as the pivotal September 19, 2024 court date approaches. Earlier this year, Terraform Labs sought Chapter 11 bankruptcy protection amid financial strains in January. This legal move began a complex phase for the cryptocurrency entity. Recently, a significant development unfolded as Terraform Labs agreed to a massive $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC). This agreement was part of the restructuring efforts under the U.S. bankruptcy code. A related entity, Terraform Labs Limited, also entered bankruptcy in July. The upcoming Delaware court hearing will decide the fate of Terraform Labs’ restructuring plan. This decision is eagerly awaited by investors and observers within the crypto community, who are keen to see how the saga unfolds. Follow Us Like Share Comment Repost

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TRON Will Rank With Bitcoin And ETH In Next 2 Years, Justin Sun Claims Justin Sun predicts TRON will join Bitcoin and ETH in the top three cryptocurrencies within two years, following a 7,000% growth in value. TRON is poised for remarkable growth, with its founder, Justin Sun, predicting that it will rank alongside Bitcoin and Ethereum as one of the top three cryptos within the next two years. This assertion comes amidst the crypto performance boost, having surged approximately 7,000% in value over the past seven years. Follow Us Like Share Comment Repost

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US Fed Rate Cut: Sen. Warren Calls For 0.75% Reduction, Crypto To Rally? Three Democratic senators, led by Elizabeth Warren, are urging Federal Reserve Chair Jerome Powell to slash the central bank’s interest rate by 75 basis points to safeguard the U.S. economy. In a letter sent to Powell on Monday, Warren, along with Senators Sheldon Whitehouse and John Hickenlooper, emphasized the urgency of a Fed rate cut to avoid the risk of the economy tipping into a recession. Senators Urge 0.75% Fed Rate Cut “If the Fed is too cautious in cutting rates, it would needlessly risk our economy heading towards a recession,” the senators stated in the letter. They argued that an aggressive approach, especially in the short term, would help mitigate potential risks, particularly in the labor market. As the Fed prepares for its first rate reduction since 2020, lawmakers, investors, and political figures alike are watching closely. Although the Federal Reserve consistently asserts that its decisions remain independent of political pressures, it is clear the institution is facing scrutiny from various quarters. Warren and her colleagues represent one side of the debate. They favor faster and steeper Fed rate cuts. However, figures like former President Donald Trump have expressed caution about changing rates ahead of the upcoming presidential election. Currently, Fed policymakers are expected to announce their decision on Wednesday at the conclusion of their two-day meeting. While a rate cut has been widely anticipated, the magnitude of the reduction remains uncertain. Hence, market participants are speculating that the Fed could opt for a 0.25% or 0.50% cut. However, the senators are advocating for a much larger cut of 75 basis points. This would mark a significant deviation from the typical quarter-point adjustments usually made by the central bank. Follow Us Like Share Comment Repost

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#PEPE The price level of $0.00000774 for PEPE Coin, stating he awaits a rise from this point. If the anticipated increase occurs in October, a new all-time high (ATH) for PEPE Coin would not be surprising. Follow Us On X / Trend / IG Like Share Comment Repost

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#DOGE DOGE is exiting the downward trend line it has traded below since March this year. It needs to hold at $0.105 and surpass $0.12 for the party to start.... Follow Us X / Trend / IG Like Share Comment

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