Terra Classic’s Proposal to Appoint Binance’s CZ as LEADER Sparks Controversy

Terra Classic: LUNC % USTC Experience a Remarkable Price Surge: What are the Key Catalysts Behind This?

In response to ongoing internal conflicts within the Terra Classic (LUNC) community, a proposal has been submitted to appoint Changpeng “CZ” Zhao, the CEO of Binance, as the leader of the LUNC ecosystem. Surprisingly, certain LUNC community members suggest introducing a central authority to address the persistent disagreements. Concerns That Trigger the Proposal Proposal 11614, […]

Binance Burns 2.6B LUNC Despite Internal Conflicts Among Terra Classic Community

Binance Burns 2.6B LUNC Despite Internal Conflicts Among Terra Classic Community

Binance recently completed its 11th burn of Terra Classic (LUNC) tokens, with an impressive total of 2.65 billion LUNC tokens being burned. This burn occurred amidst ongoing disputes within the Terra Classic community, stemming from disagreements over the project’s rejuvenation plan. According to on-chain data, the burn involved 2,651,321,806 (2.651 billion) LUNC tokens, valued at […]

Terraport Accused of Incompetence as Stolen Terra Classic Funds Moves to Tornado Cash

Terraport Accused of Incompetence as Stolen Terra Classic Funds Moves to Tornado Cash

As the Terraport exploiters transfer some of the stolen money to Tornado Cash, a member of the Terra Classic community has accused the Terraport crew of incompetence. A well-known Terra Classic (LUNC) community member named reXx has drawn the notice of the transfer of some of the money obtained through the April Terraport exploit.  Given […]

Do Kwon Sentenced to Four Months in Jail in Montenegro

do kwon

Do Kwon, the founder of Terra, was apprehended on March 23, 2023, in Montenegro as he was preparing to board a private jet bound for Dubai at Podgorica Airport. A video capturing Kwon being escorted out of the Montenegrin court in handcuffs gained significant attention online. In recent updates, the Montenegro court has granted Do […]

Binance Adds Support for Terra Classic v2.1.0 Upgrade

Binance Adds Support for Terra Classic v2.1.0 Upgrade

Recently, Binance announced that it would support Terra Classic’s (LUNC) update to version 2.1.0. One of the most significant LUNC improvements since the collapse of the ecosystem, the much-awaited upgrade, which is scheduled to launch today, attempts to bring Terra Classic up to parity with the Luna 2.0 and Cosmos blockchains. In a press release […]

Terra Classic (LUNC) Reaches Stunning 1 Trillion Staked Token Milestone

Manipulation of LUNC Market: Tobias Adersen Alleges Binance Involvement

Terra Classic (LUNC) has also been affected by the recent market downturn caused by the SEC’s enforcement actions. Similar to other altcoins like Cardano (ADA) and Shiba Inu (SHIB), LUNC has entered a bearish cycle in the past few days as a result of the SEC’s complaints. Despite the prevalent selling pressure in the market, […]

On the Path to $1: Terra Classic Community Passes Landmark Proposal for USTC Re-Peg

Terra Classic (LUNC)

The Terra Classic (LUNC) community has successfully approved a notable proposal aimed at supporting TerraClassicUSD (USTC) in its quest to reach a value of $1. The proposal, put forth by the L1 Team, aims to establish a testing environment to assess the conditions required for a successful USTC re-peg event.  Furthermore, the L1 Team intends […]

Terra Classic (LUNC) Defies Market Trend and Surges 36% in 24 Hours: What Prompted This?

Terra Classic (LUNC)

Terra Classic (LUNC) is defying the prevailing market trend by trading in positive territory, while assets like Bitcoin (BTC) and Ethereum (ETH) are experiencing losses. LUNC has recently witnessed a significant surge of 30% within a 24-hour period, primarily driven by the latest advancements within its ecosystem. LUNC Almost Equal With LUNA 2.0 One notable […]

Do Kwon to Remain in Custody After High Court Moves to Revoke Bail

Do Kwon

According to a court statement released on Thursday, Do Kwon, the co-founder of Terraform Labs, will continue to be held in custody as he confronts allegations of falsifying official documents in Montenegro. Initially, a bail request was granted but subsequently revoked. After the Basic Court in Podgorica, the capital of Montenegro, initially approved a bail […]

Terra Classic Team to Create New Concept to Facilitate USTC Re-peg

Terra Classic Team to Create New Concept to Facilitate USTC Re-peg

To determine the circumstances of the USTC de-peg and simulate a probable re-peg event, the Terra Classic (LUNC) L1 team intends to set up a test environment. The L1 Joint Task Force (L1JTF) is working to establish a test environment where different concepts for facilitating the USTC re-peg and bringing USTC to $1 can be […]