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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

LUNC News: Terra Luna Classic Dev Reveals Severe Issues In Tax2Gas Review

LUNC News: The current code implementation for Tax2Gas by Genuine Labs can cause significant issues for the community, a popular Terra Luna Classic developer warns in a review. The Tax2Gas is a major upcoming upgrade to boost the chain utility and token prices. Terra Luna Classic Developer Tax2Gas Implementation Readiness Genuine Labs, core developer of The post LUNC News: Terra Luna Classic Dev Reveals Severe Issues In Tax2Gas Review appeared first on CoinGape .

eToro Delists Terra Luna Classic, Infuriating LUNC Community

eToro moves to delist Terra Luna Classic, rubbing the LUNC community up the wrong way. eToro based its decision on the developments in Terra’s bankruptcy case. LUNC validators apply pressure

Terra Classic Community Seeks Answers on LUNC Delisting Amid eToro Trading Issues

The Terra Classic community has expressed concerns over the recent delisting of LUNC on eToro. There were calls for clarification from Terraform Labs CEO Chris Amani and eToro about the The post Terra Classic Community Seeks Answers on LUNC Delisting Amid eToro Trading Issues appeared first on COINOTAG NEWS .

LUNC Delisting: Terra Classic Seeks Clarification From TFL CEO And eToro

Terra Classic community has asked Terraform Labs CEO Chris Amani and eToro for clarification on LUNC delisting on the platform. The move comes after eToro users faced difficulty in trading LUNC due to recent developments in Terraform Labs (TFL) bankruptcy proceedings. The community claims Do Kwon and TFL had cut ties with the Terra Classic The post LUNC Delisting: Terra Classic Seeks Clarification From TFL CEO And eToro appeared first on CoinGape .

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 .

Terra Classic Price Gears for 33% Gains As USTC, LUNC Tokens Gain Real Utility

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. Despite the good news, the price of LUNC dropped 2.5% over the last day to trade at $0.00008642. However, LUNC The post Terra Classic Price Gears for 33% Gains As USTC, LUNC Tokens Gain Real Utility appeared first on CoinGape .

Chainlink Inches Closer To $18 Despite Bearish Pressure – Analyst

One very promising crypto asset that is performing very well today in the crypto market is Chainlink (LINK). Many experts have noticed LINK’s price path as current market circumstances offer a combination of volatility and stability. Under a background of restrained market movement, Chainlink’s technical patterns suggest a bright future. Related Reading: ‘Early Signs Of Breakout’ – Solana To Explode By 900%, According To Analyst Technical Analysis Shows Promise According to new technical examinations, Chainlink is currently trading at $14.10, but a rise may be around the corner. It has been going down since it climbed recently. However, a well-known crypto expert, Ali Martinez, has seen a pattern form on the 4-hour chart that may just turn things around in LINK’s favor. #Chainlink appears to form a head-and-shoulders pattern on the 4-hour chart. A sustained close above $14.7 could send $LINK to $18.3! pic.twitter.com/v566HWIIrR — Ali (@ali_charts) July 21, 2024 Usually, this pattern – called the head and shoulders – indicates a negative trend reversal. Martinez points out, nevertheless, a major discrepancy in this situation. There are three peaks in the head-and-shoulders configuration; the centre peakᅳthe headᅳis tallest. The two adjancent peaksᅳthe shouldersᅳhave almost the same elevation. Usually, a decline below the necklineᅳwhich right now is at $14.63ᅳwould indicate a bearish change. Martinez advises, however, that Chainlink may ward off these negative consequences by keeping a price over $14.70, thereby paving the ground for a significant price rise to $18.3. Chainlink (LINK) Price Projection Based on the most recent analysis by CoinCheckup, Chainlink is selling around 90% below its projected value for next month. This notable undervaluation implies that LINK is presently going through a period of reduced price in relation to its expected future worth. Technical signs and market circumstances point to a positive future with projections of a 35% rise over the next three months. This expected increase suggests a possible trend of stabilisation and recovery. Longer-term forecasts seem much more positive. Forecasts of a 140% rise over the following six months reflect significant positive momentum and a potential recovery trend. The one-year projection of the platform supports this encouraging view even more by implying a 76% increase at the end of the year. Such forecasts highlight Chainlink’s prospects for significant appreciation, which makes it an interesting choice for those looking for long-term profits. Market Conditions And Levels Of Resistance More general market dynamics have shaped Chainlink’s recent pricing swings. Over the weekend, the market for cryptocurrencies showed modest volatility marked by a neutral candlestick development in Bitcoin. Related Reading: Terra Classic Poised For 280% Rally On ‘Major Recovery Strength’ – Analyst The technical signs are looking positive. The fact that the asset is now trading higher above both the 20-day and the 50-day moving averages is a highly encouraging indicator. As an additional point of interest, the average directional index (ADX) is decreasing and is currently at 25%, which indicates that the downward trend is beginning to slow down. This indicates that the price of LINK may increase in the near future. Featured image from Pixabay, chart from TradingView

Terra Luna Investors: Don’t Miss the Deadline for Filing Your Claim

Terra Luna Classic, the crypto firm behind the Terra stablecoin collapse, has set a deadline of August 21st for community members to file claims related to their crypto losses. This deadline is specifically for those seeking to participate in the Chapter 11 bankruptcy voting process, which is scheduled to begin later this year. The firm The post Terra Luna Investors: Don’t Miss the Deadline for Filing Your Claim appeared first on Coin Edition .

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