TerraCVita Mulls New LUNC-backed Stablecoin in Response to Binance’s CZ AMA
Independent Terra Classic development group TerraCVita recently discussed the possibility of creating a new algorithmic stablecoin for the Terra Classic chain that could, among other things, burn Terra Luna Classic (LUNC) faster.
Terra Classic Market Cap Drops Below $1 Billion As SEC Formally Charges Do Kwon
Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, is experiencing a capital outflow after the United States Securities Exchange Commission (SEC) formally charged founder Do Kwon.
South Korea Plans A Key Arrest Relating To Terra (LUNA) Crisis
Recently, South Korean prosecutors filed an arrest warrant for the former CEO of an e-commerce giant, TMON, who was identified as ‘Mr. A’. A local news outlet, Dong-AIlbo, reported this recent move from the Seoul Southern District Prosecutor’s Office.
Over 3.5 Billion Terra Classic Staked in a Day
The development brings the percentage of supply staked to an impressive 14%.
TFL Postpones Terra Classic Shuttle Bridge Sunset Date
The move extends the deadline for holders of wrapped assets to bridge back to the classic chain.
Terra Classic Upgrade To Go Live; How Will Lunc React?
Upgrade v1.0.5, which will pave the way for the resumption of the Terra Classic (LUNC) token burning of the cryptocurrency trading platform Binance, is scheduled for launch on February 14, as a development that could positively influence the price of LUNC in the short term.
New Poll Shows Many Terra Classic Members Don’t Believe LUNC Will Hit $1 By 2043
Many Terra Classic community members do not believe LUNC will hit $1 in 20 years.
Terra Classic Developer States Terraport’s Ultimate Goal for LUNC
According to Rex, the project’s primary objective is to attract investments into LUNC and simultaneously expedite burns.
Terra Classic Developer Highlights 7 Risks Facing LUNC Blockchain
The developer, highlighting perceived risks, believes that the chain is recording general improvements.
Terra Classic Staked Reaches 940B As KuCoin Resumes Staking
The crypto community is welcoming the much needed LUNC staking started by KuCoin. The crypto exchange is back with the LUNC staking service after it delegated 48 billion LUNC in January 2023. With its entry back on the LUNC chain as a validator, KuCoin will enjoy voting power of 5.09% thanks to the 47.9 billion $LUNC delegated.
