ChainCatcher news, Bybit will launch LUNAI/USDT and STREAM/USDT spot trading pairs.

ChainCatcher news, Spot On Chain monitoring shows that a certain whale has sold 4.64 million VIRTUAL tokens for a total price of 5.32 million dollars in the past 12 hours, realizing a net profit of 3.98 million dollars (+224%).The price of VIRTUAL has risen by 52% today, and this whale still holds 5.05 million VIRTUAL tokens, with an unrealized profit of approximately 4.99 million dollars (+259%).It is worth noting that this whale bought 17 million VIRTUAL tokens at a low price of 0.382 dollars each at the end of October, and quickly exchanged 7.2 million VIRTUAL for 18.46 million LUNA. However, this portion of the LUNA investment has currently incurred a floating loss of 1.15 million dollars (-39%). If the exchange had not occurred at that time, the total profit could have reached up to 16.1 million dollars.

ChainCatcher news, according to The Block, the Avalanche Foundation announced that it has completed the buyback of 1.97 million AVAX tokens held by the Luna Foundation, valued at approximately $52 million, officially ending its partnership with the collapsed Terra blockchain.This buyback was approved by the bankruptcy court, concluding the token redemption plan of the Avalanche Foundation since the failure of Terra. The Avalanche Foundation plans to use the funds from this buyback for community incentives, technology incubators, and ecosystem development, further promoting the continuous growth and innovation of the Avalanche network.

ChainCatcher news, according to Protos, Terra founder Do Kwon was arrested in Montenegro on March 23, 2023, but his electronic devices were not handed over to the investigating judge until June of that year.An official from the Montenegrin special police told Portal ETV that during a search of inmates, including Do Kwon, laptops, mobile phones, cryptocurrency wallet login information, and "other codes to access the blockchain" were discovered.Two sources stated that at least three cryptocurrency transactions were made using Do Kwon's cryptocurrency wallet during his detention. This information was obtained through accounts related to a mobile phone company in Podgorica.

ChainCatcher news, the Avalanche Foundation stated in a post on X that it has reached an agreement to repurchase all AVAX tokens sold to the Luna Foundation Guard (LFG) before April 2022, and is currently awaiting approval from the bankruptcy court.This move ensures that LFG will not violate the original agreement regarding the restrictions on the use of the tokens, and protects the tokens from the complexities of liquidation by the bankruptcy trustee, while returning 1.97 million AVAX to the foundation's holdings.

ChainCatcher news, according to RootData market data, the "bankruptcy" concept tokens are leading the rise, among which:FTT briefly touched $2.99, currently quoted at $2.5, with a 24-hour increase of 80.58%;USTC (TerraClassicUSD) currently quoted at $0.0274, with a 24-hour increase of 47.47%;LUNA currently quoted at $0.48, with a 24-hour increase of 18.56%;LUNC currently quoted at $0.0001, with a 24-hour increase of 17.11%.

ChainCatcher news, according to Reuters, Terraform Labs received approval from a U.S. bankruptcy court on Thursday to begin liquidation. U.S. Bankruptcy Judge Brendan Shannon approved Terraform's bankruptcy plan during a hearing in Wilmington, Delaware, stating it was a "popular alternative" to continue litigation for investor losses. Terraform estimates that as part of the bankruptcy liquidation, it will be able to pay between $184.5 million and $442.2 million to cryptocurrency investors and other stakeholders.Previous news, according to the official announcement from Terra, the confirmation hearing for the Chapter 11 bankruptcy reorganization plan of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) is scheduled for September 19, 2024, at 10 AM Eastern Time (10 PM Beijing Time).

ChainCatcher news, Terra officials announced on social media that the bankruptcy court has authorized TFL to reopen the Shuttle Bridge to redeem wrapped assets on Terra Classic and to unbond and destroy 150 million LUNA obtained from the Terra community fund. According to the court order, TFL plans to transfer all assets in the Shuttle Bridge wallet to a new wallet and provide a simplified interface to support users in redeeming wrapped assets within 30 days, after which the Shuttle Bridge will be permanently closed and the remaining assets will be destroyed.The Chapter 11 plan proposed by TFL is expected to take effect as early as late September 2024. Additionally, according to the bankruptcy court order and in accordance with the settlement reached between TFL and the SEC, TFL will begin the unbonding process for 125 million LUNA currently staked by the 49 validators recommended by Terra. The list of these validators has been published. Once LUNA is unbonded, the 125 million LUNA used for staking and the 25 million LUNA used for liquidity provision will be destroyed.