ChainCatcher news, according to the official announcement, Binance is expected to suspend token deposits and withdrawals for Terra (LUNA) on March 31, 2025, at 21:40 (UTC+8) to support its network upgrade and hard fork. This move aims to provide users with a high-quality experience.The project team will carry out the network upgrade and hard fork at block height 14,958,500 (expected on March 31, 2025, at 22:40 UTC+8).

ChainCatcher news, according to CoinDesk, cryptocurrency financial services company Galaxy Digital announced a $200 million settlement agreement with the New York Attorney General's office, resolving its investigation related to the 2022 Terra-Luna ecosystem collapse. Under the terms of the settlement, Galaxy will take responsibility for its investments, trading, and public statements regarding LUNA tokens.Meanwhile, Galaxy disclosed that its 2024 financial report shows the company achieved a net profit of $174 million in the fourth quarter, with an annual profit of $365 million (including the settlement reserve). The company also announced a 15-year power supply agreement with cloud computing firm CoreWeave, which will utilize its Helios data center in Texas to provide 133 megawatts of power to support AI and high-performance computing operations, with expected revenues of $4.5 billion over the term of the agreement.

ChainCatcher news, the algorithmic cryptocurrency LUNA caused at least $40 billion in wealth evaporation during the Terra collapse two years ago. Now, Galaxy Digital, a well-known cryptocurrency company, will pay $200 million due to a settlement agreement with the New York Attorney General's Office.The collapse of LUNA and its supported Terra USD stablecoin was one of the most dramatic events in the 2022 cryptocurrency market crash, only surpassed by the collapse of the FTX exchange. The New York Attorney General's Office released a document outlining the $200 million settlement agreement reached with Galaxy Digital and its affiliated companies. These companies are among the most well-known cryptocurrency investment firms in the United States. The settlement agreement states that Galaxy violated the Martin Act and Administrative Law by promoting the asset without disclosing its interests in the asset.

ChainCatcher news, CoinMarketCap data shows that the Terra (LUNA) token has dropped over 98% from its all-time high set about three years ago. However, despite the price crash, investors are still buying LUNA tokens, with a trading volume exceeding $21 million in the past 24 hours. Analyst Optimus KevTron stated that this phenomenon indicates that even if some believe the LUNA token is "dead," there are still people buying in.

ChainCatcher news, according to Bravos Research analysis, the current cryptocurrency market is experiencing the largest altcoin liquidation since the LUNA crash in May 2022. Approximately $10 billion has been liquidated in the market, a scale far exceeding that after the FTX collapse. Data shows that Bitcoin's dominance continues to rise, indicating that there are no clear signals of an altcoin season in the short term.

ChainCatcher news, according to the official announcement, Binance is expected to suspend token deposits and withdrawals for the Terra (LUNA) network on March 4, 2025, at 22:32 (UTC+8) to support its network upgrade and hard fork.

ChainCatcher news, according to Etoday, the South Korean Supreme Court has ruled that the stablecoin TerraUSD and the cryptocurrency Luna are not considered financial investment products or securities. These digital assets collapsed in May 2022, resulting in a loss of approximately $40 billion in value. The latest court ruling may impact similar legal disputes in lower courts.In November 2022, a court in Seoul rejected the prosecutors' request to confiscate the assets of Daniel Shin, co-founder of Terraform Labs, the company behind these tokens. When the prosecutors appealed, the same court reaffirmed its ruling in February 2023.In the appellate court, the judges stated that the evidence provided by the prosecution was insufficient to classify Luna as a "financial investment product" under the Financial Investment Services and Capital Markets Act. This ruling was made three years after the legal proceedings began.

ChainCatcher news, well-known crypto analyst Miles Deutscher pointed out that the current DeFAI and AI agent track has become the market leader, marking the most obvious rotation since the meme coin market from 2023 to early 2024.He emphasized that the current market capitalization of the AI bubble is only one-ninth of the peak during the last bull market "SOLUNAVAX" (Solana, Luna, Avalanche), indicating that the AI market is far from over.Deutscher stated that the current AI market has greater potential compared to the meme coin market of 2023-2024, as it perfectly combines meme attributes (memeamentals) and fundamentals.

ChainCatcher news, according to The Block, Arweave aims to send the "genesis block" to the moon by utilizing molecular data storage technology from California-based Iridia, combined with the lunar lander from space exploration company LifeShip, with the goal of allowing this data to be stored for thousands of years.

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.