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As part of the deal, Pulsar Finance's flagship product Portfolio, will undergo integration into Terraform's Station, a cross-chain wallet.

Terra Classic's native token, LUNC, experiences an extraordinary surge, witnessing a 45% increase from $0.000064 to nearly eliminating one zero from its price. The catalyst behind this surge is the recent approval of a crucial proposal related to USTC minting. 98.

In a recent development, Terraform Labs has completed the acquisition of Pulsar Finance, a firm specializing in cross-chain analytics and portfolio management. The acquisition occurs as Terraform's former CEO Do Kwon remains incarcerated in Montenegro and a U.S. Securities and Exchange Commission (SEC) lawsuit alleging multi-billion dollar fraud hangs over his head.

Terraform Labs, renowned for developing the Terra blockchain, has unveiled its latest strategic move of acquiring Pulsar Finance, a startup specializing in cross-chain portfolio management and analytics. This significant development arrives amidst Terraform's ongoing legal confrontations, notably following the collapse of its algorithmic stablecoin TerraUSD last May.

The patient Terra Luna Classic (LUNC) holders gave a reason to smile with the token gaining value tremendously relative to August lows at $0.0000525. Recovery was initially slow but bulls regained more control over the trend after LUNC price broke above a multi-month descending trendline.

In a strategic move signaling a new direction for the company, Terraform Labs, the primary developer behind the Terra blockchain, has announced the acquisition of Pulsar Finance, a cross-chain portfolio management and analytics startup.

The Terraform Labs acquisition occurs amid ongoing legal battles, particularly with the SEC, over the collapse of TerraUSD last year.

Terraform Labs, leading developer of the Terra blockchain, today announced the acquisition of Pulsar Finance.

After navigating challenges, Terra Luna Classic's community embraces reform with a resounding vote, reshaping the future of its tokens.

Investors and enthusiasts are closely monitoring the implications of this proposal on the Terra Luna Classic ecosystem, contributing to the remarkable surge in the mentioned cryptocurrency prices. In a unanimous decision, the Terra Luna Classic community has approved a crucial proposal aiming to disable USTC minting.

The Terra Luna Classic community has unanimously passed the proposal to disable USTC minting and reminding through raising Tobin tax to 100%. The community and developers are making several efforts to repeg USTC, ultimately helping the revival of the Terra Luna Classic chain and LUNC token.

Story Highlights The live price of LUNA is . LUNA price might hit a maximum of 0.92 by the end of 2023. Terra LUNA 2.0 price with a potential surge could go as high as $4.59 by the end of 2030.

The crypto market is going up a lot, and one cryptocurrency, Terra Classic (LUNC), is really standing out. It went up by a big 55% in just one month, which is quite impressive.

The crypto market is seeing a big increase, and Terra Classic (LUNC) is doing well. Why is the LUNC price rising?

The cryptocurrency markets saw an eventful week of trading, with a wide variety of projects exploding to post massive gains over the last 7 days.

The cryptocurrency market is witnessing a significant surge, and Terra Classic (LUNC) stands out with its impressive 55% rally in just one month. This upturn is particularly noteworthy given the asset's troubled past, marked by its lowest value locked in early August since its inception.

The game-tested LUNC emerges as top gainer of the day, posting 33.5% gains after a far-reaching function is restored.

This week has been exceptionally bullish for many major assets in the cryptocurrency market and some of the less-expected cryptocurrencies, including Terra Classic (LUNC), which has managed to grow its market value by nearly 16% on its weekly chart and close to 30% in just one month.

Jump Crypto, a segment of the Jump Trading group, is currently facing scrutiny from the U.S. Securities and Exchange Commission (SEC).

The situation surrounding Terraform Labs co-founder Do Kwon has garnered renewed attention. Recent reports have brought to light possible undisclosed interactions between Jump Crypto President Kanav Kariya and Kwon.

Back in February, the SEC initiated legal action, accusing TerraLabs and Do Kwon of both fraud and criminal wire charges. Terraform Labs quickly countered with a motion to dismiss the lawsuit, characterizing the SEC's claims as unfounded.

The SEC is investigating whether Kanav Kariya, the former Jump Crypto CEO, entered into a secret agreement with Do Kwon, the president of Terraform Labs, during the collapse of the stablecoin TerraUSD.

The U.S. Securities and Exchange Commission (SEC) has officially requested the Court to reject the defendants' plea to dismiss the case, asserting that Terra and Do Kwon committed fraud and violated security laws. In February of this year, the SEC filed a lawsuit accusing TerraLabs and Do Kwon of fraud and criminal wire charges.

The US Securities and Exchange Commission has probed whether the president of Jump Crypto engaged in a secret agreement with Terraform Labs' Do Kwon in the midst of stablecoin TerraUSD's collapse.