South Korea's Supreme Court has ruled that
TerraUSD and
LUNA are not securities. Despite previous turbulent times, both tokens (LUNA and LUNC) have shown signs of resurgence.
Terra Luna Classic has seen another 736M LUNC burned by Binance, causing it to experience a 21% drop. As
Terra Luna Classic nears 403B milestone, the crypto community has shown some boost in market confidence. Founder, Do Kwon is currently facing U.S. Court over
Terra Luna fallout with the possibility of extradition.
Jump Crypto subsidiary was also charged $123 million for manipulating Terra Luna's UST peg. Notwithstanding these legal challenges,
Terra Luna Classic recently deployed its Tax2Gas Upgrade. This upgrade, coupled with its ongoing coin burns, is creating promising prospects for LUNC price surge.
Terraform Labs has also received official bankruptcy approval. The community is divided over a proposed voting to raise burn tax. Sadly, the collapse of
Terra nearly wiped out algorithmic stablecoins. Adding to the turmoil,
SEC labelled LUNA as a security. Despite all these,
Terra Luna Classic community greenlights key proposal and gears up for a historic comeback. The SEC settlement involving
Terraform Labs saw a legacy of Terra LUNA's blockchain reins being handed over to the community. Even so, investors remain optimistic as Terra Luna Classic prices trend upward after Terra form Labs SEC settlement.
Terra Luna News Analytics from Thu, 11 Apr 2024 07:00:00 GMT to Wed, 19 Feb 2025 15:32:45 GMT -
Rating -7
- Innovation 7
- Information 8
- Rumor -4
