Terraform Labs (TFL) has executed a large-scale token burn of 251 billion Terra Luna Classic (LUNC) and 264 million TerraClassicUSD (USTC) tokens from circulation. The burn was part of a settlement with the U.S. Securities and Exchange Commission (SEC) that required TFL to dispose of specific assets held in its Shuttle Bridge wallets.

The world's largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices.

Will these grandiose USTC burns linked to TFL bankruptcy have a long-lasting impact on Terra Luna Classic's chain?

LUNC News: The Terra Luna Classic community has recently initiated a USTC burn proposal, which has gained notable traction from the market participants. This initiative follows TerraForm Labs' recent move to wind down its operations and burn remaining assets, which has noted significant attention from the community members.

LUNC News: Over 726 million USTC were burned after the Terra Luna Classic community approved proposal 12135 to burn tokens in Anchor Protocol via contract migration. With Terraform Labs (TFL) cleared to wind down operations by a US bankruptcy court, the community expects billions of LUNC and USTC burns from related projects.

Terra Luna Classic popular member and validator Vegas Morph has unveiled a proposal to repeg USTC to $1. This sparked bullish sentiment in the community, with LUNC price gaining further upside momentum after rising 15% in a week.

Terra Luna Classic community awaits massive USTC and LUNC burn by Terraform Labs (TFL) as per the Chapter 11 bankruptcy and court order in the U.S. SEC case. While the actual amount of Terra ecosystem tokens to be burned remains uncertain, Terra Classic members claim it's over 1 billion USTC and 275 billion LUNC tokens.

Terra Luna Classic is taking steps to bring USTC back to its original value. Find out how they're working on this important update

LUNC News: Terra Luna Classic community started discussions on seeking a flawless repeg system for USTC algorithmic stablecoin. The community thinks it's time to get serious on LUNC revival and USTC repeg.

TerraForm Labs sets a crypto loss claims bar date in a quest to gradually reimburse downtrodden investors.

Terra Classic price flashed a bullish signal on the daily time frame chart as USTC stablecoin gains a new utility in the Cosmos blockchain. USTC will serve as collateral for the CDT token by Membrane.

Terraform Labs announces important updates for the Terra community for filing their crypto loss claims. Any person or entity that believes they have a crypto loss claim against the debtors can file claims for Chapter 11 Bankruptcy voting purposes.

Terraform Labs announced on its official X account that the deadline for filing claims in TFL and TLL's Chapter 11 bankruptcy lawsuits is August 10 at 09:00 UTC. The business advised Terraform Lab's claimants to submit their paperwork by this date.

Terraform Labs, the firm behind Terra Classic (LUNC), has made a significant announcement regarding their Chapter 11 bankruptcy cases. The General Bar Date for filing claims has been set for August 9, 2024, at 5:00 p.m.

Terra Luna Classic community expressed positive sentiment as LUNC staking ratio approaches near all-time high of 15.16%, a new milestone for the community-led chain. The move comes as total LUNC staked jumps to 1.025 trillion amid massive delegations to validators.

USTC has shown notable price movements of late. From an abrupt drop earlier in the year to an optimistic current return, both experts and investors find appeal in the digital asset.

LUNC News: Terra Luna Classic community gets a major contribution from the world's largest crypto exchange Binance in LUNC burn campaign to reduce the supply. However, a post by a community associate at the crypto exchange sparked a buzz in the community indicating that the exchange also assists in the USTC revival plan.

Anchor bLuna rewards and Lido rewards dispatcher contracts would be used to burn 12B LUNC. The intended burn of these tokens will shortly be put to a vote by the governance.

Terra Luna Classic community to burn 12 billion in LUNC and 68 million USTC in contracts including Lido DAO rewards dispatcher, removing them completely from supply. The move comes as the community started removing LUNC and USTC from circulating circulating supply for revival and repeg to $1.

LUNC News: Terra Luna Classic community members seek 200 million USTC from Coinbase and Pantera Capital-backed Karak Network, claiming Karak co-founder Raouf Ben-Har has stolen the crypto asset worth millions. Meanwhile, the community has made significant efforts to remove 93 million LUNC and 87 million USTC in the Terra Shuttle Bridge (BSC) contract from circulating

Terra Luna Classic saw over 6.5 billion LUNC burned in the last 24 hours as large wallets are selling LUNC tokens, raising concerns in the community. The move comes after Terraform Labs CEO Chris Amani confirmed yesterday to burn LUNC and USTC they hold in their TFL and LFG wallets.

Terra Classic community seeks ways and prepares to burn billions of USTC and LUNC sitting idle in the wallets linked to Terraform Labs (TFL). The move comes as TFL announced that it would burn tokens in the wallets, sparking bullish speculation for USTC price.

The Thai branch of Binance gets the ball rolling on a campaign that aims to bring LUNC back to life.

Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.

Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced listing of new trading pairs and existing tokens on new networks. Binance's Thailand arm to list trending crypto including Terra Classic (LUNC), USTC, Terra (LUNA), Shiba Inu (SHIB), Celestia (TIA), Wormhole (W), Bittensor (TAO), and others.

Terra ecosystem tokens saw prices rallying in double digits after Terraform Labs and co-founder Do Kwon reached a settlement in principle with the U.S. Securities and Exchange Commission (SEC). LUNC and USTC prices skyrocketed 15% within hours, but pared some gains to settle at 9% higher in the last 24 hours.

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience.

The world's largest crypto exchange Binance expands support for key cryptocurrencies including SingularityNET (AGIX), Shiba Inu (SHIB), TerraClassicUSD (USTC) and others. Notably, Binance will adjust the tick size of trending spot trading pairs to increase market liquidity and improve trading experience by next week.

The Terra community isn't relenting in its efforts to revive the LUNC and USTC tokens and take them back to their old glory days. This time, the community has proposed a proposal to ensure that the Luna Classic's (LUNC) circulating supply data is well documented.

Terra Luna Classic ecosystem tokens recorded a massive surge in prices on Saturday as 1.85 billion USTC and 222 million LUNC tokens in the Luna Foundation Guard were removed from the circulating supply. LUNC price skyrocketed over 10% and USTC price rose 18% within a few hours, but pared earlier gains soon.

TerraClassicUSD (USTC) price has jumped 9% over the last 24 hours, backed by a strong trading volume increase of over 800%. USTC is currently ranked 67 in terms of trading volume, surprising the crypto community due to the sudden boost.

The emergence of Karak, a novel DeFi protocol, was anticipated to inject dynamism into the crypto sphere. However, the euphoria surrounding its launch has been overshadowed by allegations of impropriety.

Terra Luna Classic community has unanimously passed a crucial block size proposal to mitigate some risks of peer-to-peer storm attacks on the Terra Classic chain. Notable developers have pointed out possible risks to Cosmos, Solana, and Polkadot ecosystems and suggested initial measures to reduce the impact of such attacks.

The prices of LUNC and USTC have both seen a considerable boost in the past day. But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the currently incarcerated founder of the Terra blockchain, Do Kwon.

Even though Terraform Labs and Kwon are no longer connected to Terra Classic, these tokens still saw big increases because of this news.

The prices of Terra Luna Classic ecosystem tokens LUNC and USTC experienced a huge surge following news of Terra co-founder Do Kwon being released by the Montenegro Supreme Court. Despite Terraform Labs (TFL) and Do Kwon severing ties with the Terra Classic chain, the tokens still saw substantial gains.

Terra Luna Classic ecosystem tokens LUNC and USTC prices saw a massive surge after the Montenegro Supreme Court released Terra co-founder Do Kwon. While Terraform Labs (TFL) and Do Kwon had separated ties with the Terra Classic chain, the tokens still recorded significant gains along with over 26% gain in Terra (LUNA).

The Terra Luna Classic community is currently voting on a crucial proposal to overturn the previously approved KYC requirement. Some members argue that this KYC rule for developers has slowed down the growth of Terra Luna Classic.

Terra Luna Classic community voting on a key proposal to repeal the earlier passed KYC proposal based on claims that KYC requirements for developers have stalled the growth of Terra Luna Classic. Meanwhile, LUNC and USTC prices have taken a hit amid futures selloff and options expiry.

Terra Luna Classic has achieved a milestone with 5.5 million holders of LUNC and USTC tokens. Although the growth rate is slower than after the Terra Luna crisis in 2022, the number of wallets holding these tokens is steadily increasing, largely thanks to support from exchanges like Binance.

Terra Luna Classic has hit a new milestone as the number of LUNC and USTC holders hit a new high of 5.5 million. The rate of increase is comparatively low to the post-Terra Luna crisis in 2022, but the number of wallets holding Terra Luna Classic ecosystem tokens continues to rise, primarily due to support

The Terra Classic community has proposed a new upgrade that could see the reawakening of the ecosystem's tokens LUNC and USTC. The upgrade, aimed at improving Terra Luna Classic's overall functionality, will introduce advanced solutions and security features into its ecosystem.

The Terra Luna Classic community is actively engaged in crucial chain upgrades, aiming to propel Terra Classic towards greater utility and drive up the prices of Classic ecosystem tokens LUNC and USTC.

As the price of Bitcoin remains strong, trading close to its peak from 2021, numerous altcoins are also picking up pace, with Ethereum leading this surge. Consequently, the dominance of these altcoins is on the rise, capturing the attention of investors eager for the upcoming altcoin season, which is just around the corner.

Terra LUNA Classic (LUNC) has recently become a hot topic in the cryptocurrency world due to its notable price movements and strategic burn programs to reduce its token supply. After experiencing a rollercoaster ride in 2022, during which LUNC soared to highs above $100 before plummeting to much lower levels, it again grabbed the spotlight.

Recent efforts within the Terra Luna Classic community focus on upgrades, burning initiatives, and advancements in staking to enhance utility and generate cash flow. Dedicated developer groups are actively addressing these requirements.

Amid the Terra Luna Classic community push for upgrades, burn, and staking developments, utility and cashflow are major requirements that some dedicated developer groups working on. Recent developments including the launch of the Tritium Bridge could return utility to the chain, claims validator VegasMorph.