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 OKX data, USTC is currently priced at $0.025, with a 24H increase of 26.1%.

ChainCatcher news, according to DL News, dozens of DeFi users and members of the Terra Classic community have accused Andalusia Labs, behind the DeFi protocol Karak, of stealing 200 million USTC tokens (worth about $7 million at the time) from the Terra ecosystem months after the collapse of the Terra ecosystem in 2022.It is reported that the Terra Classic vote requested the return of funds used to provide insurance for UST through Ozone, recovering 800 million USTC controlled by the Terra community's multi-signature wallet. Karak responded that the tokens were "granted" by the Terra Foundation, did not involve user funds, and did not acknowledge the governance proposal requesting their return.

ChainCatcher news, according to the governance page, the Terra Classic (LUNC) community voted to pass the proposal to "destroy 800 million USTC through contract migration."

ChainCatcher news, according to the LUNC governance forum page, LUNC validator Allnodes has relinquished its voting rights on LUNC proposal #12073, which aims to burn 800 million USTC and blacklist and destroy the Risk Harbor multi-signature wallet valued at approximately 25.9 million USD (according to proposals 11660, 11710, 11832).It is reported that Allnodes is the top-ranked validator node in the LUNC network, holding 14.89% of the voting power. This vote will end on the 26th at 10 PM Beijing time.

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, or affected by the "Montenegro Court cancels Do Kwon's extradition approval," LUNA, LUNC, and USTC have all risen over 10% in the short term, among which: LUNA is currently priced at $1.0075; LUNC is currently priced at $0.0001617; USTC is currently priced at $0.03548.

ChainCatcher news, Mint Cash team leader Shin Hyojin stated that the airdrop will include multiple tokens, with specific details being finalized, and Mint Cash will seek investment from VCs.Today, influenced by the anticipated airdrop of the Terra ecosystem stablecoin project Mint Cash, USTC briefly rose to 0.078 USDT.

ChainCatcher news, according to the official announcement, Binance will launch USTC 1-50x U-based perpetual contracts on November 27, 2023, at 20:30 (UTC+8).

ChainCatcher news, according to The Block, the Terra Classic (LUNC) community voted to stop all minting of Terra Classic USD (USTC), which was originally named UST. The proposal passed with a 59% approval rate and aims to protect "the community and external investors that are destroying USTC to help restore the peg."According to data from LUNC Metrics, the community has only destroyed 75 billion tokens so far, which is about 1% of nearly 6 trillion circulating tokens. USTC is currently priced at $0.012.

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, the Terra Classic community proposal 11324 "Re-peg LUNC to USTC" has been approved. This proposal outlines an actionable framework for the LUNC community to rebind USTC from the code level, consensus level, and guidelines.It is reported that this proposal is a signaling proposal, and the specific actionable plan will be executed through the Terra Community Trust 23 guidelines, with the ultimate goal of restoring the value lost during the "de-pegging" event in May 2022, while simplifying the burning process of LUNC.According to CoinMarketCap data, as of the time of writing, the price of USTC has surpassed $0.03, with a 24h increase of over 30%. Terra Classic (LUNC) has surpassed $0.0002, with a 24-hour increase of 17.5%. (source link)

Chain Catcher News, Binance announced that based on community feedback, Binance will change the way it charges deposit and withdrawal fees for Terra Classic network LUNC and USTC.For deposits, LUNC and USTC deposits on Binance will incur withdrawal fees charged by other exchanges or platforms (if applicable). Due to the 1.2% burn tax implemented on LUNC and USTC transactions on the Terra Classic network, Binance will charge a 1.2% aggregation fee on all deposits before they are credited to Binance users.For withdrawals, the amount users receive will be the withdrawal amount minus the withdrawal fee charged by Binance and the 1.2% burn tax. (Source link)