ChainCatcher news, according to coingape, the Terra Luna Classic community has successfully passed a proposal to increase the minimum initial deposit, aimed at reducing the significant increase in recent spam proposals. It will provide an entry barrier by requiring a minimum initial deposit of 1 million LUNC, preventing these proposals from even appearing in the deposit stage.It is understood that the proposal received over 89% approval votes and is widely regarded as a key to the community's recent positive development.

ChainCatcher news, according to CoinGape, the Terra Luna Classic community's proposal to "burn 8 million USTC" has been officially rejected. The proposal was particularly opposed by validators.According to StakeBin data, there are still 8.11 million USTC and 3.61 billion LUNC in the Terra Luna Classic community pool.

ChainCatcher news, according to CoinGape, the Terra Luna Classic community has reopened voting on a proposal to fund the USTC Quant team, as the initial proposal did not receive enough votes to meet the minimum threshold. The voting period is from August 26 to September 2.It is reported that the USTC repeg team has resubmitted the proposal, believing that there was a lack of proper participation in the voting after the Terra Station wallet encountered issues last week, and that the wallet is now back online and operational.

ChainCatcher news, the Terra Luna Classic community has officially approved the proposal "Directly Burn 800 Million USTC" submitted by Vegas. According to the proposal, the signers of the Ozone reserve wallet will initiate the burning process of 800 million USTC, which can be completed by directly transferring the funds to the Terra Luna Classic burn address.The proposal received nearly 85% in favor, with 8% abstaining and 7% voting against.

ChainCatcher news, according to Forkast, the Southern District Prosecutor's Office in Seoul, South Korea, is expanding cooperation with overseas agencies to assist in the arrest and extradition of Do Kwon and other Terraform employees.Previous news, the Singapore police stated in an email on March 6 that they have begun an investigation into Terraform Labs. Subsequently, the U.S. Department of Justice announced that it is investigating Terra founder Do Kwon and the collapse of UST last year. (Source link)