2022-11-17 05:39 |
TerraCVita has announced plans of launching a decentralized exchange on the Terra Classic blockchain to accelerate the burning of LUNC.
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Charles Edwards, the founder of Capriole Investments, has sparked significant interest and debate within the cryptocurrency community. He heralded Ethena (ENA) as “the Luna of this cycle,” but with a crucial difference: its economic fundamentals are deemed sustainable.
In a significant legal development, US District Judge Jed Rakoff granted the US Securities and Exchange Commission (SEC) the authority to collaborate with the South Korean government in its probe against Do Kwon’s Terraform Labs co-founder, Daniel Shin, and collect evidence from payments company Chai Corp.
The Terra Luna Classic community pool balance has reached a critical level due to the approval of three community pool spending proposals. The funds have significantly decreased from 2. 37 billion LUNC to a mere 416 million LUNC.
The Terraform founder Do Kwon, facing eight count charges in the United States for the ecosystem crash, recently denied two allegations against him. Do Kwon was accused of traveling with forged documents and sending financial donations to a former Montenegro minister.
Binance reduces LUNC exposure as it prepares to delist the token's perpetual futures contract on June 8. The post Binance Finally Delists LUNC Futures Now That Do Kwon Is in Jail appeared first on BeInCrypto.
After falling to its yearly low in March, Terra Luna held it for two months and eventually lost ground in a fresh monthly meltdown. It later found support after losing $1 last week. Bearish actions could resume if it struggles to reclaim the lost level.
The price of Luna decreased by 3. 8% today following a sudden crash that hits the overall market. It rolled back to the $1. 3 trading zone. Due to low buying volume over the past weeks, it is yet to show a sign of strength.