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Terra Lunc Classic Layer 1 developer group Genuine Labs has announced readiness for a major upgrade. The developer group will upgrade the Terra Classic chain to further improve the efficiency and robustness of the system.

Montenegro appeals court has reversed the order to extradite Do Kwon, the cryptocurrency entrepreneur, to South Korea. Kwon is wanted over the collapse of Terraform Labs, which led to significant financial losses.

Since his arrest in March 2023, Do Kwon has been in Montenegro. He could be extradited to either his native South Korea or the United States to face fraud charges.

A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company's collapse, which caused a $40 billion loss and impacted global crypto markets. Both South Korea and the U.S.

Crypto exchange Binance burned another pack of Terra Luna Classic (LUNC) tokens this week, as per a transaction revealed by LUNC Burn Tracker. With the latest burn by Binance, the total LUNC burned by the crypto exchange has reached over 59 billion.

U.S. Securities and Exchange Commission (SEC) delegates met with Montenegrin officials to discuss Do Kwon.

The Terraform Labs co-founder was still in Montenegro as his lawyers and the courts considered requests for extradition to the U.S. or South Korea.

LUNC regained strength earlier in the weak but not enough to form a new trend. The token is still stuck in the same range range for several weeks with support at $0.0001 and resistance at $0.00012.

Do Kwon, the former Terraform Labs chief, is still in Montenegro waiting for his extradition decision.

Terra Luna Classic community unanimously voted in favor of the proposal to enable interblockchain communication (IBC) with the Osmosis protocol. The transfers between Terra Luna Classic and Osmosis will be restored as Client ID 07-tendermint-12 on columbus-5 referencing Osmosis validator set will be restored.

Terra Luna Classic community has approved a proposal appointing Allnodes to provide accurate LUNC circulating supply data. The proposal aimed at changing the circulating supply API endpoint to Allnodes FCD, while developer Raider warned about the need to persuade Binance and CoinMarketCap to use a totally different API for total supply and circulating supply.

Investor optimism has been on the rise since last week when cryptocurrencies generally rebounded in tandem with Bitcoin price's surge above $67,000. Low-cap altcoins like Terra Classic woke up from the deep slumber with strength, accruing modest gains.

Excitement is building in the crypto world as LUNC, Terra Classic's coin, might soon reach $3.

Terra Luna Classic votes on another major proposal to enable interblockchain communication (IBC) with the Osmosis protocol. If approved, the transfers between Terra Luna Classic and Osmosis will be restored as Client ID 07-tendermint-12 on columbus-5 referencing Osmosis validator set expired.

A Terra Luna Classic developer cautioned about the proposal to transfer endpoints to the top validator platform Allnodes for accurately providing LUNC circulating supply data. The proposal under voting aims to secure an official organization or platform to host the endpoint preventing individuals from making unauthorized changes to Terra Classic supply without approval from the

The world's largest crypto exchange Binance burns additional Terra Luna Classic tokens after a monthly LUNC burn. The crypto exchange burned 1.4 billion LUNC tokens in its 21st batch of the LUNC burn mechanism recently.

Developments in the Terra Classic community hinge on restoring LUNC and USTC tokens' value. For instance, passing the Inter-Blockchain Communication (IBC) client will ensure interoperability between the Terra Class network and Kujira.

Terra Classic sits atop robust support at $0.0001 as most cryptocurrencies battle market doldrums to find direction. The token's outlook remains uncertain in May unless something drastic like relisting on Coinbase occurs.

The Terra community isn't relenting in its efforts to revive the LUNC and USTC tokens and take them back to their old glory days. This time, the community has proposed a proposal to ensure that the Luna Classic's (LUNC) circulating supply data is well documented.

Coinbase, a leading cryptocurrency exchange, is reportedly considering the relisting of Terra Luna Classic (LUNC), as per recent reports circulating on Crypto X. This development has sparked optimism within the LUNC community, with many anticipating that it could drive the price of LUNC to new highs.

American multinational crypto trading platform Coinbase Global Inc. is reportedly making plans to re-list Terra Luna Classic (LUNC). The news, now circulating on Crypto X, is considered a major bullish update that can push Terra Luna Classic to new highs.

LUNC News: Terra Luna Classic community started voting on a key proposal to bring an official organization to be in charge of hosting the endpoint providing the correct circulating supply data for Terra Luna Classic. Top validator Allnodes will manage the endpoint to protect against single individuals making unauthorized changes to the supply without approval.

Terra Classic Price Forecast: Crypto's 132nd-ranking token has notably recovered over the past few hours after experiencing significant fluctuations within the last few days. At the time of reporting, the LUNC price is trading at $0.0001047, with a 24-hour surge of 1.7%.

Terra Luna Classic ecosystem tokens recorded a massive surge in prices on Saturday as 1.85 billion USTC and 222 million LUNC tokens in the Luna Foundation Guard were removed from the circulating supply. LUNC price skyrocketed over 10% and USTC price rose 18% within a few hours, but pared earlier gains soon.