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Terra Classic price shows a 4.4% increase in the last 24 hours, hovering around $0.00007982 at 5:45 a.m. UTC on Tuesday.

Leaked court filing reveals the SEC's strict stance on MATIC, LUNC, CHZ and a few other popular altcoins.

In a recent litigation filed by the SEC against Consensys, the Securities and Exchange Commission has clarified its stance on the classification of several prominent cryptocurrencies as securities. These include Terra Luna Classic (LUNA), Polygon (MATIC), The Sandbox (SAND), Chiliz (CHZ), and Decentrland (MANA).

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.

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on Friday shared an important post asking individuals to report possible securities fraud or violations to the agency. However, XRP, LUNC, and other crypto communities expressed disdain and mocked him for asking people to submit a tip or complaint to the agency despite regulatory overreach concerns.

Bankrupt crypto firm Terraform Labs is selling four businesses as part of a $4.5 billion settlement with the SEC.

A Seoul court has ruled in favor of Do Kwons wife, allowing her to retain significant real estate assets frozen by the South Korea government during the Terraform Labs investigation. Legal Victory in Terraform Labs Case In a major judicial win against the South Korean government, Coingape reports that the spouse of Terraform Labs founder Do Kwon has emerged victorious.

Do Kwon's wife was permitted to keep her substantial real estate assets that had been frozen. The assets were obtained between March and May of 2021, when the couple was married.

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.

While the extradition of Do Kwon has not yet been decided in Montenegro, the spouse of Terraform Labs founder, Ms. Lee scored a major legal victory against the South Korean state.

In the latest development, the spouse of Terraform Labs founder, Do Kwon, has secured a significant win against the South Korean government. The Seoul Court ruling allowed her to retain the ownership of valuable real estate assets frozen amid the ongoing investigation into the Terra Luna collapse.

Multibillion-dollar agreement with the SEC: implications and future prospects

Evidence has now been presented in court that confirms that Kwon's wife did use funds from her own virtual asset account to make the initial payment on some of the properties.

Terra Classic Price: The price of LUNC increased by 0.8% in the last 24 hours to trade around $0.00007172. While this increase is anticipated to be part of a larger upside move, market participants are hesitant due to Terraform Labs (TFL) plans to sell four companies.

Terraform Labs is selling four of its businesses as part of its bankruptcy proceedings and $4.5 billion SEC settlement, following the collapse of its Terra cryptocurrency ecosystem in 2022.

Bankrupt crypto firm Terraform Labs has announced plans to sell four of its businesses as part of a $4.5 billion deal with the United States Securities and Exchange Commission (SEC).

The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.

Terra Luna Classic developer completes development of Oracle Split logic that will divert community pool rewards from tax burn to the Oracle Pool (OP) boosting long-term staking rewards. The developer has also announced a proposal to update the terrad client with a new release.

Curious about what's next for Terra Classic (LUNC)? Recent market trends have sparked concerns about whether the LUNC price might plummet to zero

Terra Luna Classic developer Genuine Labs on Tuesday announced progress on the Tax2Gas implementation, with the most anticipated upgrade expected in July-end. The move comes as the community passed proposal 12115 “Genuine Labs Tax2Gas Implementation” last month.

LUNC meets the 15% staking target despite numerous setbacks, but key indicators hint at further price volatility.

Crypto influencer Rasgard took to social media to expose what he described as Do Kwon's deceptive practices at Terraform Labs. According to Rasgard, Kwon consistently misled investors and stakeholders, painting an overly optimistic picture of the platform's stability and financial health.

The crypto market is familiar with volatility, with Terra Classic (LUNC) serving as a notable case of this unpredictability. Following a considerable decline, there are indications of improvement in LUNC's price.

The Terra Classic Foundation announced on X that the staking ratio for Terra Classic (LUNC) has surpassed 15%. Moreover, the amount of staked Terra Luna Classic has exceeded 1 trillion tokens.