News with the tag "Terra Luna Classic (LUNC)"

SEC fines Tai Mo Shan $123M for misleading investors about TerraUSD’s stability. Tai Mo Shan violated laws by selling unregistered securities via LUNA token trades. TerraUSD collapse exposes gaps in crypto transparency and regulatory oversight needs. Deceptive practices surrounding TerraUSD (UST) ha...

Users who haven’t retrieved their assets from Terra’s Shuttle Bridge are out of luck. The platform permanently closed the bridge and burned all remaining tokens. This marks the end of Shuttle Bridge and signals Terra’s focus on evolving its infrastructure. This shutdown will impact users who have ye...

Losses from exploits in decentralized finance (DeFi) have decreased in 2024, with reported losses hovering just around $1 billion. This is a marked improvement over previous years, when the industry faced numerous breaches. Data on “Value Lost to Exploits (Excluding Terra)” from July 2020 to October...

Terra Luna Classic (LUNC) is gaining traction following a significant weekly token burn of 320 million LUNC. This burn, which reduces the token’s overall supply, is seen by traders as a positive sign for price appreciation. As the supply of LUNC shrinks, investors are anticipating increased price pr...

TerraClassicUSD (USTC) jumped nearly 50% on Sunday, September 29, just before the implementation of the burn proposal. The price surge showed growing optimism among investors who believe the burn program will increase the prices of both ecosystem tokens, as TerraLunaClassic (LUNC) also rallied over ...

Crypto assets from collapsed projects like FTX and Terraform Labs—FTT, USTC, LUNA, and LUNC— are defying expectations with explosive price gains. This “zombie token army” is on the march, with FTX’s token, FTT, leading the charge, surging by 13% today to trade at $2.41. FTT Retests Yearly High Looki...

In the ongoing efforts to revive the Terra Luna Classic ecosystem, one LUNC investor demonstrated strong confidence by purchasing tokens at a 3x premium, betting on future price appreciation. This bullish sentiment coincides with the community’s recent burn of 726 million USTC, a move intended to re...

Terraform Labs, the company behind the Terra ecosystem and the infamous $40 billion collapse of UST and LUNA, has unveiled a new Shuttle Bridge interface. This bridge will enable community members to redeem their wrapped assets. It will remain open for 30 days once the company’s Chapter 11 plan take...

Terraform Labs, the company behind the Terra ecosystem’s rollercoaster ride and the UST stablecoin’s collapse, has revealed the final upgrade to its blockchain network in the wake of the $4.5 billion settlement with the U.S. Securities and Exchange Commission (SEC). Proposal 4818 will be the last ch...

Terraform Labs’ two struggling projects, Terra Classic (LUNC) and Terra Luna (LUNA), are making a notable comeback in the crypto market as sentiment turns bullish compared to last week’s turmoil. Today, LUNA has surged by over 12%, climbing from an intraday low of $0.3252 to a daily high of $0.3643....