ChainCatcher message, the planned network upgrade for Axelar has been successfully completed. The Axelar network, Satellite, cross-chain token services, relay services, token transfers, and general messaging have been restored online.The Gas fees for Axelar network transfers (AXL tokens) are now sent to the burn address, instead of being allocated to token holders.

Chain Catcher news, Binance has released an update on the LUNC and LUNA tax burn mechanism on the LUNC network. According to Binance's previous announcement, the 1.2% tax burn for LUNC and USTC is expected to go live at Terra Classic block height 9,475,200, or around September 22, 2022, 06:00 (UTC+8).It should be clarified that once the burn tax takes effect, LUNC and USTC deposits from user recharge addresses to Binance's hot wallet will be aggregated, and a 1.2% burn tax will be collected by the Terra Classic network. Binance will incorporate the 1.2% burn tax into the withdrawal fees for LUNC and USTC. Users who do not make withdrawals will not be charged this fee. Binance will accordingly adjust the minimum withdrawal amount, maximum withdrawal amount, and withdrawal fees for LUNC and USTC. (Source link)