The most important development of the past week was the burning of 726 million #USTC on Anchor Protocol.

1.8 million $USTC was also added to the community pool. The burning of 46 million USTC and 477 million #LUNC on Mirror Protocol will also take place.

➖Let's note that these burns are independent of TFL burns. We will report on TFL burns as they come. All TFL burns will be completed by October 31, 2024.

Today, 726 million #USTC was burned. There are also amounts that are confirmed to be burned.

✔️Another 46.5 million $USTC will be burned and an additional 450 million #LUNC will be burned.

✔️From the Shuttle Bridge; More than 250 billion $LUNC and 177 million USTC will be burned.

These are the confirmed amounts. In addition to these, there will be a high number of burns.

Especially the issue of what will happen to the Luna Foundation's funds will be very important. If those funds are burned, we will see a very large USTC burn.

#TerraClassic

According to Odaily, Montenegro's Ministry of Justice will determine whether,

Terraform Labs co-founder Do Kwon will be extradited to the United States or South Korea,

following a decision by the country's Supreme Court 👀 🔥

#LUNC #USTC #LUNA $LUNC $USTC $LUNA

The rise in #LUNC in the last 24 hours has exceeded 10%.

The positive atmosphere in the entire market is also affecting #TerraClassic coins.

#Bitcoin is approaching $64,000. The rise is accompanied by #USTC and #LUNA.

From the details of the agreement between TFL and the SEC, we understand that if TFL fulfills its responsibilities in the Chapter 11 bankruptcy liquidation proceedings, it will avoid paying the $4.5 billion fine.

🟠However; we are not sure how they will resolve these grievances and payments to creditors.

▪️The easiest of these responsibilities will be to burn #LUNA, #LUNC and #USTC.

There is a green outlook in the market after the FED interest rate cut.

➖In some altcoins, increases exceeding 20% draw attention.

➖We have now reached the end of the tightening policies. There is also an increase in #LUNC and #USTC, but it is not yet at the desired level.

#Bitcoin is over $62,000 and has its eyes fixed...

The new upgrade of the Terra Classic chain has been completed.

The chain has been upgraded to block height 19850090.

This upgrade has been recorded as the fastest upgrade of the Terra Classic chain.

All exchanges support this upgrade. Congratulations to #LUNC validators. They continue to keep the #TerraClassic chain up to date.

With the upgrade coinciding with the FED decision day, $LUNC and $USTC will go further.

We can say that #LUNC has stood firm against the declines experienced in the market in general.

Everyone agrees that its current price does not show its real value.

✅ It will provide a serious buying opportunity, especially if it falls below $ 0.00007. Will it fall below this level again? We don't know.

There were those who made serious purchases at $ 0.000075 and below in #LUNC. They may not give this opportunity again.

➖ Expecting a stable increase due to futures has become a dream. We think that the back and forth situation will continue.

There is a similar situation for #USTC. $LUNC and $USTC are not trade coins. You may face serious risks while trading. Especially on the futures side!

#TerraClassic

✅

Looks like Classes 4,5 and 6 have accepted the bankruptcy plan!

Let's see if they adopt it on Thursday! 💪

#LUNC #LUNA #USTC

The final hearing of TerraFormLabs' Chapter 11 bankruptcy filing will take place on Thursday, September 19.

Last 2 days.

➖The outcome of this filing is important. What we understand from the court texts is that if TFL can compensate for the losses it caused with the #LUNA and #UST collapses, it can avoid paying $4.5 billion in compensation.

✅ All issues will be discussed in the final hearing. These issues include the burning of the #LUNC and #USTC offerings.

▪️TFL must burn the offerings by October 31, 2024. It must compensate for the losses. Otherwise, it will have to pay $4.5 billion in compensation.

We are gradually approaching the end of the legal process.

#TerraClassic

CZ will be released on September 29, 2024. We are less than 2 weeks away from CZ rejoining us.

➖According to the Federal Bureau of Prisons website, Binance Founder CZ is scheduled to be released on September 29.

CZ’s return will be welcomed with joy by crypto investors. He is by far the favorite name of the entire crypto community, especially the #LUNC community.

@cz_binance @Binance @heyibinance 🎊

Cz Binance is set to be released September 29th!

After TFL finishes burning, Binance will become the largest custodial holder for both LUNC & USTC!

Drop a like if you think Cz should guide #LUNC future!!

You know that TFL and the SEC have reached an agreement on $4.5 billion in compensation.

Will this money be paid? How will it be paid? Who will pay? We have asked and discussed the questions many times.

A significant portion of the court text was shared with us by our valuable follower.

"If TFL ensures that the injured investors and other general unsecured creditors are fully recovered under the terms of the liquidation of the chapter 11 bankruptcy filing, the SEC will withdraw its $4.5 billion claim."

▪️ In short; If TFL redresses all grievances, it can avoid the $4.5 billion compensation penalty. The hearing to be held on September 19 is very important. October 31, 2024 will be the final date. We are approaching the final...

#LUNC #USTC $ #LUNA #TerraClassic #Terra

Terra Classic stake return rates continue to decline.

➖#LUNC annual APR rate decreased to 7.93%.

As the stake amounts increase and the LUNCs and USTCs in the Oracle Pool decrease, this rate will decrease further.

➖In addition to this rate, let's say that there is a #USTC return of approximately 2%.

#TerraClassic

The amount of #LUNC staked on the Terra Classic chain continues to increase steadily.

🟠 The amount of LUNC staked has reached 1,046,742,869,156. The ratio of this amount to the total supply has increased to 15.45%.

The steady increase in staked amounts is very valuable. This ratio needs to exceed 40%. We think that the ratio will reach these points with burns and additions.

#TerraClassic $LUNC $USTC $LUNA

Noteworthy wallets

Binance wallet
#LUNC : 2,339,937,440,524
#USTC : 2,486,733,394

Shuttle bridge
#LUNC : 262,098,548,587
#USTC : 177,473,863

Oracle pool
#LUNC : 103,405,972,421
#USTC : 353,736,774

This never bounces...

▪️You buy; it falls.

▪️You wait; it doesn't move.

▪️You sell; it flies.

#Binance #TON #LUNC #POL #BNB

The amount of stakes continues to increase on the Terra Classic chain.

The amount of #LUNC staked has reached 1,043,132,919,286. The ratio of this amount to the total supply is 15.40%.

This ratio will increase as the $LUNC supply continues to burn and the amount of LUNC staked increases.

For the security of the Terra Classic chain, this amount needs to exceed at least 40%. With this motivation, the Terra Classic community will continue to move towards their goals...

#TerraClassic

Graphic: lunc.tech @lunc_tech @TerraNewsEN

There will be burns in 54 more wallets belonging to TFL. We do not know the #LUNC and #USTC amounts found here.

However; burns can reach very striking levels in $USTC. The USTC amounts found on Anchor Protocol outside of TFL's wallets are striking.

▪️Anchor market; 478 million USTC.
▪️Anchor liquidation; 178 million USTC.
▪️Anchor overseet-yield; 119 million USTC.
▪️Terra Shuttle; 178 million USTC.
▪️LFG; 1 billion 847 million USTC.
▪️Terra Bridge BSC; 87 million USTC.
▪️Mirror Mint; 30 million USTC.
▪️Anc liquidity; 9 million USTC.

These funds are also expected to be burned in the coming period. The process regarding the 1.85 billion USTC in LFG's wallet alone is not definite. These are serious figures for USTC.

#TerraClassic $LUNC

TerraFormLabs' #LUNC and #USTC burns have begun. All burns will be completed by October 30, 2024 and the TFL book will be closed.

So far, 607 million $LUNC and 478 million $USTC have been burned.

Since 439 million USTC was burned before, the statistics seem high. 39 million USTC was lost in yesterday's burns.

We will follow TFL's burns through graphs and report them to you.

#TerraClassic