The Terraform Labs trial is approaching. What does it mean for $LUNC ? âď¸
On July 1, a U.S. court will hold a hearing in the Terraform Labs case, where the issue of disclosing documents related to Jump Trading will be considered.
If the court decides to lift the confidentiality on part of the materials, the public will be able to learn more about Jump Tradingâs role in the events surrounding the Terra ecosystem.
For the LUNC community, this is one of the most anticipated court sessions in recent months. Any new details could affect the further development of multi-billion-dollar legal proceedings and investorsâ overall sentiment toward Terra Classic.
Before the courtâs decision, itâs too early to draw loud conclusions, but July 1 may become an important date for the entire LUNC ecosystem and $USTC . đ
$LIT grew by 11% today. At the same time, open interest (Open Interest) reached $85 million, while the daily trading volume was only $18 million.
This means that significantly more capital is currently tied up in open positions than was traded during the day. Seems like someone was calmly and quietly building a large position đ$LIT
Ethereum Foundation began staking through Lido $ETH
According to Arkham, the Ethereum Foundation sent 4,938 ETH (about $7.86 million) to the Lido Finance protocol and received stETH.
This is one of the largest publicly documented transfers from the foundation to Lido in recent times.
If the trend continues, the amount of ETH staked by the Ethereum Foundation could increase even further. Staking allows you to earn rewards for supporting the Ethereum network, and using Lido makes it possible to maintain liquidity thanks to the stETH token, which can be used in DeFi protocols.
Despite the price rising by more than 41%, large players maintain high activity. At the moment: Total whales â 335 Total volume of their positions â $20.12M đ˘ In the last 30 minutes, 74 whales made purchases đ´ Sales were recorded for 39 whales
Large participantsâ interest in SYN remains high, and the market is watching closely whether the token can maintain its current upward momentum. đ
Large transfers $SLX may indicate an increase in pressure from sellers.
4.5 million SLX were transferred to an intermediate wallet. Then 3 million SLX were distributed between two new addresses. After that, the tokens began arriving in small portions to Bybit and Bitget deposit addresses.
This type of scheme is often used before selling assets on centralized exchanges.
Hedera $HBAR takes another important step toward mass adoption.
Hedera strengthens its cooperation with Banxa, a global fintech platform operating in more than 150 countries.
What does this bring to the ecosystem? Buying and selling HBAR and other Hedera assets for fiat becomes easier through familiar payment methods. Built-in KYC/AML requirements and regulatory compliance make it faster to onboard new users and companies. Wallets, dApps, and exchanges receive a ready-to-use payment infrastructure without needing to build their own solutions.
Banxa processes payments totaling over $10 billion every year and works with companies such as Visa, Mastercard, and Kraken.
This is not just another partnershipâitâs the development of infrastructure that could significantly simplify the onboarding of millions of new users into the Hedera ecosystem. đđ˘
Ripple announced new partnerships in Turkey, through which the stablecoin $RLUSD will become available via local crypto platforms.
In addition, Istanbul Technical University will join the Ripple UBRI program, receive funding in RLUSD, and launch its own validator $XRP Ledger. The wider the Ripple ecosystem becomes, the stronger the foundation for the long-term development of XRP. đđ
From 24h ago to now The most unusual change today â a reduction in the number of LUNC in circulation by almost 60 billion coins, while the total supply decreased by only 88.64 million $LUNC
â But thereâs one important point.
If 59.9 billion LUNC were truly burned, then the Total Supply would have decreased by the same 59.9 billion.
⢠The number of LUNC in circulation decreased by 59.93 billion LUNC. ⢠The total LUNC supply decreased by only 88.64 million LUNC.
Most likely, this means the coins havenât disappeared from the network. They just stopped being counted as being in circulation.
This is a very significant change. If the metric stays the same and doesnât return to normal in the coming days, itâs worth looking for an official explanation from the Terra Classic or Binance team. This could be one of the most significant changes to the LUNC in-circulation metric in a long time.
We continue to monitor. The most unusual change today is the decrease in the amount of LUNC in circulation by almost 60B coins, while the total supply decreased by only 88,64M LUNCđĽđĽđĽ
Hyper Foundation $HYPE sets aside $10 million for the development of the ecosystem.
The Foundation launches a grant program to help developers move from USDH to $USDC At first glance, itâs a typical stablecoin migration. But in reality, itâs a bet on deeper liquidity and accelerating the growth of the entire ecosystem.
When capital can be moved more easily between protocols, developers can build new products faster, and users get a more convenient experience.
Today, liquidity is one of the main battlegrounds in the crypto industry. Ecosystems that can attract more capital and make developersâ work easier will have a serious advantage in the long term.
Ukraine đşđŚ is taking another step toward integrating cryptocurrencies into the state system.
The government has transferred $8.3 million in confiscated $USDT funds to state custody, while continuing to study the possibility of creating a national crypto reserve.
If the initiative gains traction, Ukraine could become one of the first countries to use digital assets as part of government reserves
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