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Terra Classic Genuine Labs Proposal Officially Passed, LUNC Burn Rate Skyrockets !! #TrendingTopic #pepe #ARB #BTC #Sei The Terra Luna Classic community has approved developer Genuine Labs’ proposal for major core updates to boost security, functionality, and interoperability. The security upgrade package from Genuine Labs includes improvements and optimizations to Wasmd, IBC Go, and Cosmos SDK. Proposal 12088 “Genuine Labs’ security upgrade packages” has surpassed “pass threshold”, as per current voting details. The developer group will first upgrade to Cosmos SDK 0.47 in the major core upgrade then followed by Cosmos SDK 0.50.1. The proposal provides crucial upgrades to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0. The proposal has received 99.95% “Yes” votes indicating massive support from the Terra Luna Classic community. All validators who have participated voted “Yes” in the proposal. These include Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord. As reported by CoinGape, Genuine Labs plans to complete all developments in 8 weeks and an estimated budget of $30K. Cosmos SDK 0.47.10 offers enhanced security, increased interoperability, developer-friendly improvements, and overall performance benefits for building or using applications on the Cosmos network. The upgrades are for Wasmd, Comet BFT, Cosmos SDK, dependencies such as ibc-go v8, cosmos proto and cometbft-db, and other security updates to Terra Classic core. LUNC and USTC Price Performance Amid Rise in Burn Rate LUNC burn rate has significantly increased this month with an average daily burn of 200 million tokens. As per StakeBin data, 1.3 billion LUNC tokens were burned this week. The decline in supply has caused a more than 2% rise in futures open interest on major derivatives exchanges. LUNC price jumped 1% in the past 24 hours and over 12% in a week, with the Terra Luna Classic price trading at $0.000193. The 24-hour low and high are $0.000184 and $0.000197, respectively. The community thinks a breakout above $0.0005 will bring massive rally.

Terra Classic Genuine Labs Proposal Officially Passed, LUNC Burn Rate Skyrockets !!

#TrendingTopic #pepe #ARB #BTC #Sei

The Terra Luna Classic community has approved developer Genuine Labs’ proposal for major core updates to boost security, functionality, and interoperability. The security upgrade package from Genuine Labs includes improvements and optimizations to Wasmd, IBC Go, and Cosmos SDK.

Proposal 12088 “Genuine Labs’ security upgrade packages” has surpassed “pass threshold”, as per current voting details. The developer group will first upgrade to Cosmos SDK 0.47 in the major core upgrade then followed by Cosmos SDK 0.50.1. The proposal provides crucial upgrades to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0.

The proposal has received 99.95% “Yes” votes indicating massive support from the Terra Luna Classic community. All validators who have participated voted “Yes” in the proposal. These include Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord.

As reported by CoinGape, Genuine Labs plans to complete all developments in 8 weeks and an estimated budget of $30K. Cosmos SDK 0.47.10 offers enhanced security, increased interoperability, developer-friendly improvements, and overall performance benefits for building or using applications on the Cosmos network. The upgrades are for Wasmd, Comet BFT, Cosmos SDK, dependencies such as ibc-go v8, cosmos proto and cometbft-db, and other security updates to Terra Classic core.

LUNC and USTC Price Performance Amid Rise in Burn Rate

LUNC burn rate has significantly increased this month with an average daily burn of 200 million tokens. As per StakeBin data, 1.3 billion LUNC tokens were burned this week. The decline in supply has caused a more than 2% rise in futures open interest on major derivatives exchanges.

LUNC price jumped 1% in the past 24 hours and over 12% in a week, with the Terra Luna Classic price trading at $0.000193. The 24-hour low and high are $0.000184 and $0.000197, respectively. The community thinks a breakout above $0.0005 will bring massive rally.

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Is Terra Luna Classic (LUNC) Still Expected to Rally to $0.00058 ? #BullorBear #BinanceLaunchpool #Memecoins #WIF #SHIB The jury found Terraform Labs and Do Kwon guilty of fraud in a civil case brought by the U.S. Securities and Exchange Commission (SEC). Despite their disappointment, Terraform and its executives are exploring options, questioning the SEC’s authority to file the case. Traders are now uncertain about the potential rally of LUNC’s price after it dipped by over 2% near a crucial support level due to the lawsuit. Analyst Predicts Significant Upside for Terra Luna Classic (LUNC) Price Analyst Javon Marks has shared optimistic insights regarding the trajectory of Terra Luna Classic (LUNC) price, foreseeing further upward movement. Marks identifies a bullish pattern shaping up, indicating potential gains of over 270% amidst the ongoing bull market.Marks has set a target price of $0.00058 during this bullish phase. He anticipates that the next bullish breakout will propel prices even higher, attributing this optimism to the formation of a bull pennant pattern over an extended period. According to Marks, a breakout is expected around mid-April, coinciding with the Bitcoin halving event, potentially driving LUNC price towards the $0.0005 level. Terra Luna Classic (LUNC) Price Analysis and Market Outlook Amidst the ongoing bull market, Terra Luna Classic (LUNC) faces its next significant resistance at the psychological level of $0.0002. Having reached a high of $0.000255 in early March, the community anticipates a potential retest of this level. Additionally, the $0.000125 mark remains a crucial support level. As of now, LUNC is trading at $0.000132, maintaining a position above the support level. Over the past 24 hours, the price fluctuated between $0.0001319 and $0.0001372. Notably, there has been a rise in open interests for LUNC and 1000LUNC futures in recent hours, suggesting a potential recovery in price. In the last four hours alone, futures open interest has increased by 2%.
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AAVE Price Prediction: Is AAVE Poised For an Uptrend Ahead ? #BullorBear #BinanceLaunchpool #Memecoins #WIF #SHIB The AAVE price showcased buying momentum and is poised for an uptrend ahead. The trend is bullish, and the AAVE token will continue to spray the gains and may soon retain the upside round mark of $150. The price action displayed a rounding bottom formation, and the token is awaiting a significant pullback from the 100-day EMA mark. Amidst the crypto market downturn, the AAVE token regressed only by 15% and remained in the bullish region. At press time, the Aave token (AAVE) price was trading at $115.67 with an intraday gain of 1.57%, reflecting neutrality on the charts. It has a monthly return ratio of -17.89% and 58.90% on a yearly basis. The pair of AAVE/BTC is at 0.00170 BTC, and the market cap is $1.74 Billion. Analysts are neutral and suggest that the AAVE token price may deliver an uptrend ahead and may retain the upside of $150 soon. The AAVE price signifies a bullish trend and a healthy retracement to the 100-day EMA was made, and the token may resume the bullish waves ahead. The trend favors buyers, and the token may retain the upside of $150 soon. The intraday trading volume jumped over 2.37% to $80.41 million, which depicts average investor interest. The price volatility showcased average and stayed in the lower region, noting around 0.01 signifies low volume buying. Similarly, the total weighted sentiment remained in the negative region, around -0.747, replicating an adverse outlook. The Social dominance activity noted a surge of over 12% and jumped to 0.066% in the intraday session. However, the amount of holders noted a consistent up move and reached $166k this week. Per the Sanitment data, the development activity noted a decline of over 15% and dropped to 19.1 this week. However, the derivative data signifies a long buildup and the open interest rose by over 3.38% to $70.12 million in the last 24 hours. the AAVE price has slipped to the 38.2% zone and is trading in the mid Bollinger Band region near the support zone of $110.
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Terraform Labs Contests SEC Victory in Fraud Case ! #BullorBear #BinanceLaunchpool #Memecoins #WIF #SHIB On April 5, a jury in Manhattan gave a civil verdict for Terraform Labs and its co-founder Do Kwon to defraud clients. The allegations were brought up by the US Securities and Exchange Commission (SEC). The taking of this move is quite significant in the context of cryptocurrency scrutiny. Terraform Labs and Do Kwon faced accusations of misleading investors about the stability of UST stablecoin and making false claims about their technology’s use in the Korean payment system, Chai. Later, after the verdict, Terraform Labs announced that they disagreed with the jury’s finding. The defense suggested that the case lacked the clear arguments the jury needed to make their decision. Moreover, they objected to the authority of the SEC to undertake the action. They announced they would ponder their next plan carefully, indicating a possibility of an upcoming appeal for support. This is a testament to the company’s strong stand for the accusations and unwavering stance to fight the legal results. Terraform Labs Verdict Sets Regulatory Precedent The SEC Enforcement Division’s director, Gurbir Grewal, touched on the verdict in a positive tone. Grewal brought up the significance of adherence from the companies in this crypto world. He argued that the case was a catastrophic example of the losses that investors faced due to Terraform Labs’ actions. Grewal’s comment illustrates the SEC’s integral role as the guardian of the retail investors and the market as a whole. The judgment should serve as a deterrent to other crypto entities, warning them about the price of false practice The SEC case against Terraform Labs is another example of a sustained policy of market regulation in the crypto field. The implication of that is that this ruling helps formulate future regulations and create investor confidence. The organization intends to be proactive in safeguarding against fraud and maintaining public awareness about cryptocurrencies’ fast-changing environment
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Injective Price Prediction: Is $50 The Next Milestone By End of April ? #BullorBear #BinanceLaunchpool #Memecoins #WIF #SHIB Injective price prediction: INJ, a blockchain tailored for finance, has seen a significant price increase of 28% in the last 24 hours, contributing to an overall surge of 570% over the past year. This bullish pressure has been mounting, forming expectations among investors and traders for future gains. The remarkable performance of Injective has caught the attention of the cryptocurrency community, fueling speculations about its potential for further growth. Over the past 24 hours, the Injective price has seen a notable surge, rocketing up by 10%. The price is currently at $35.31 after a bullish break out in the past 24 hours. Injective’s market capitalization has grown by 13.32%, reaching $3 billion and ranking it number 41 in market cap listings. The 24-hour trading volume for INJ has also spiked by over 25.22%, amounting to $145 million. Over the past week, Injective price has been trading in a sideways trend with both bearish and bullish struggling to gain momentum. The altcoin has seen a slight decrease of 4% and a 7 % dip over the past month, indicating market volatility. with the current bullish trend and significant price surge, the momentum has shifted in favor of the bulls. The Ionic upgrade marks a significant milestone in the evolution of web3 technology, offering users enhanced access, efficiency By leveraging Wormhole 2.0 and the Inter-Blockchain Communication (IBC) protocol, Injective has positioned itself as a key player in the financial sector, facilitating seamless asset movement and interoperability among different blockchain ecosystems The injective stands at a critical juncture, with the $35 resistance level in sight. Overcoming this hurdle could lead to appreciable growth, potentially driving the price toward the $40 target If the upward momentum continues past $45, there’s a strong chance of reaching the $48 resistance. Advancing further could see Injective’s value approaching the significant $50 mark
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Terra Investors Watch Price Moves Amid Legal Issues for Do Kwon !! #BullorBear #BinanceLaunchpool #Memecoins #WIF #SHIB Many Terra (LUNA) investors are primarily interested in monitoring speculative price fluctuations. Despite this, some remain optimistic about the project’s potential for recovery. However, there are concerns surrounding the founder, Do Kwon, who is currently under house arrest. While this situation may seem manageable, there’s a possibility that he could face imprisonment soon due to a recent court decision. LUNA Coin Faces Price Drop Amid SEC Accusations Against Do Kwon The price of LUNA Coin has plummeted to $0.9 following recent breaking news. The US Securities and Exchange Commission (SEC) has accused Do Kwon and his company of deceiving investors regarding the stability of TerraUSD and its integration with a Korean mobile payment application. Moreover, Do Kwon, the founder of Terra, has been convicted of fraud, a charge officially documented in court records. As discussions arise regarding his potential extradition, Do Kwon remains under house arrest until a decision is made regarding his extradition to either South Korea or the US. Given his conviction in the US, the likelihood of extradition to the US has heightened, especially since he is supposed to be incarcerated there. The SEC has specifically accused Do Kwon of misleading investors by asserting that the algo stablecoin UST would naturally peg back to one dollar, claiming it was inherent in the algorithm’s nature to do so.
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