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Terra Classic (LUNC) Community Approves Landmark Proposal to Burn 800 Million USTC
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Terra Classic (LUNC) Community Approves Landmark Proposal to Burn 800 Million USTC

The Terra Classic community has voted in favor of a proposal to burn 800 million USTC through contract migration, marking a pivotal governance decision.

Binance Accelerates LUNC Burn, Fuels Market Optimism with Over 49 Billion Tokens Burned
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Binance Accelerates LUNC Burn, Fuels Market Optimism with Over 49 Billion Tokens Burned

Binance's recent burning of 5.57 billion Terra Luna Classic tokens has significantly reduced LUNC supply, leading to a 7% increase in LUNC and USTC prices.

Upbit Announces Next LUNA2 Airdrop for LUNC Holders
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Upbit Announces Next LUNA2 Airdrop for LUNC Holders

Upbit, a Singapore-based cryptocurrency exchange, plans to launch a LUNA2 airdrop targeting LUNC holders, marking a significant milestone in the rebranding process. The airdrop will be distributed staggered over 24 months, with LUNC holders receiving an extra 30% of the initial airdrop.

SEC Collaborates with South Korea in Probing Terraform Labs and Do Kwon
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SEC Collaborates with South Korea in Probing Terraform Labs and Do Kwon

The US SEC has approved collaboration with South Korea to investigate Terraform Labs and co-founders Daniel Shin and Do Kwon. The investigation focuses on Chai Corporation's use of the Terra blockchain and its relationship statements with Terraform. Shin is charged with fraud, while Kwon faces investigations in both the US and South Korea.

OPNX to Launch FatManTerra Justice Token, Airdropping to LUNC and LUNA Holders
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OPNX to Launch FatManTerra Justice Token, Airdropping to LUNC and LUNA Holders

OPNX has announced the imminent launch of the FatManTerra Justice Token. This move comes in response to the commencement of legal proceedings against FatManTerra by several parties.

Former Tmon CEO faces arrest for taking bribes to promote Terra Classic
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Former Tmon CEO faces arrest for taking bribes to promote Terra Classic

According to South Korean authorities, advertising raised the price of Terra Classic token LUNC.

Do Kwon Suggests Terra Hard Fork to Revive Troubled Network
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Do Kwon Suggests Terra Hard Fork to Revive Troubled Network

Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network.

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