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Terra’s Bankruptcy Court Order Spurs Major Reopening of Shuttle Bridge and Destruction of 150 Million LUNA Tokens

Terra has made significant strides in its restructuring efforts following a bankruptcy court order in Terraform Labs’ (TFL) Chapter 11 case. The court has authorized TFL to take crucial steps, including reopening the Shuttle Bridge and destroying a substantial amount of LUNA tokens. In a post on X, the blockchain platform noted that TFL will reopen the Shuttle Bridge, allowing users to redeem sealed assets on Terra Classic as part of the court’s directives. The Shuttle Bridge, a key infrastructure for transferring assets between Terra and other blockchains, had previously been closed. TFL plans to transfer all assets held in

Stablecoins market cap surpasses $164 billion marking new growth phase

The market cap for major stablecoins is rising again after several months of consolidation. Data from Defillama shows that the market cap for stablecoins crossed $164 billion on Thursday, the first time since Terra UST collapsed in May 2022. Also Read: Stablecoins supply returns to 2022 bull market levels Most of this growth is tied

Court Sets Date for Victims of Terra Collapse to File Crypto Loss Claims

The Terraform Labs bankruptcy case has set up a date for victims of the Terra collapse to file crypto loss… The post Court Sets Date for Victims of Terra Collapse to File Crypto Loss Claims first appeared on The Crypto Basic .

Deadline Approaching for Terra (LUNA) Crypto Loss Claims in Delaware Bankruptcy Court

The United States Bankruptcy Court for the District of Delaware has mandated that stakeholders of Terraform Labs Pte. Ltd. (TFL) and Terraform Labs Limited (TLL) must submit their preliminary Crypto The post Deadline Approaching for Terra (LUNA) Crypto Loss Claims in Delaware Bankruptcy Court appeared first on COINOTAG NEWS .

Urgent: Terra Community Must File Crypto Loss Claims For Voting Rights Now

The United States Bankruptcy Court for the District of Delaware has announced that stakeholders of Terraform Labs Pte. Ltd. (TFL) and Terraform Labs Limited (TLL) are required to submit their preliminary Crypto Loss Proofs of Claim by August 21, 2024, at 5:00 pm (ET). This filing is crucial for those intending to vote on the

Terra Classic Price Primed for Surge as USTC Gains New Utility and TFL Burns Tokens

Terraform Labs has received a directive to burn all tokens in their possession. Membrane Protocol proposes to use USTC as collateral for its CDT stablecoin. The proposal was unanimously approved The post Terra Classic Price Primed for Surge as USTC Gains New Utility and TFL Burns Tokens appeared first on COINOTAG NEWS .

LUNA Expected to Recover as Terraform Labs Announces Key Updates on Crypto Loss Claims

Terraform Labs has issued significant updates regarding crypto loss claims for the Terra community. Individuals or organizations with crypto claims against debtors must file these for Chapter 11 bankruptcy voting The post LUNA Expected to Recover as Terraform Labs Announces Key Updates on Crypto Loss Claims appeared first on COINOTAG NEWS .

Terraform Labs Reveals Key Update On Crypto Loss Claims Voting

Terraform Labs Pte. Ltd. and Terraform Labs Limited have issued a notice to creditors on how to submit claims for losses related to cryptocurrencies in their Chapter 11 bankruptcy cases. The creditors need to submit their Preliminary Crypto Loss Proof of Claim forms before August 21, 2024, to be included among those voting on the The post Terraform Labs Reveals Key Update On Crypto Loss Claims Voting appeared first on CoinGape .

Leading the Pack: Avalanche, Terra Luna, or Rollblock – Who Will Dominate the Decentralized Finance Space?

Several new cryptocurrencies are entering the DeFi sector and are eager to assume leadership roles. Analysts say Terra (LUNA), Avalanche, and Rollblock are the main contenders. After a turbulent period, Avalanche and Terra are consolidating their positions. On the other hand, RBLK is experiencing an uninterrupted upward trend, with projections of reaching 100x price increases The post Leading the Pack: Avalanche, Terra Luna, or Rollblock – Who Will Dominate the Decentralized Finance Space? appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

Terraform Labs Resumes Shuttle Bridge Operations and Plans Massive 150 Million LUNA Token Burn

Terraform Labs (TFL) has announced significant changes in the aftermath of its recent bankruptcy. The Terra community is set to see the Shuttle bridge re-opened and a massive LUNA token burn. TFL is authorized to re-open the Shuttle bridge for redemption of wrapped assets as per a recent bankruptcy court decision. Explore the sweeping changes

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