NFT News by Thebittimes.Com

The total LUNC staked stands at over 1 trillion worth nearly $100 million, with the staking ratio hitting an all-time high of 14.61 percent. Thus, the circulating supply of Terra Luna Classic (LUNC) has now reduced to 5.8 trillion from the total supply of 6.84 trillion . Interest in Terra Classic grows as more users staked LUNC tokens on the chain for rewards. With the v2.1.0 parity upgrade, USTC repeg, AI app chain Block Entropy, and Terraport DEX relaunch, the community is more optimistic about Terra Classic revival. BREAKING: #LunaClassic officially has 1 TRILLION $LUNC staked! Congratulations to the community for this historic achievement! Let’s go for 2 TRILLION next! Send it! #Crypto #LuncBurn #LuncArmy #StakeLunc #LuncParity #Binance pic.twitter.com/Y7vD6yroCG — Mr. Diamondhandz1 (@MrDiamondhandz1) June 10, 2023 Recommended Articles Crypto Presale Projects For 2023 To Inve...

According to the local South Korean News Outlet, Korea Economic Daily, Kim Seo-Joon, a key witness called to testify in the Terra parliamentary inquiry, did not show up citing reasons of “extreme stress.” Seo-Joon is the CEO of venture capital firm, Hashed and an early Terra (LUNC, previously LUNA) investor. Seo-Joon cited reasons for “extreme stress” for not being able to attend the inquiry. As per the news report, Seo-Joon is one of six people shortlisted to participate in the South Korean parliament inquiry into the Terra collapse. The South Korean government is trying to better understand the events that led to the $40 billion wipeout of the LUNA and UST currencies. Seo-Joon sent a letter to the national assembly to explain his absence. He said that following the abrupt demise of LUNC (previously LUNA) and the de-pegging of its linked algorithmic stablecoin TerraClassicUSD (USTC), he experienced a serious mental breakdown. He stated, “I have ...