Burns on $LUNC and $USTC have been rising steadily, leading to a consistent reduction in circulating supply.
As prices have increased, transaction volume has surged — and that higher activity has fueled even more burns. With Binance’s upcoming burn contribution also expected to be significant, the overall burn momentum continues to strengthen.
The upward movement in LUNC was sparked by a CoinDesk Moderator's "old LUNA" (LUNC) logo t-shirt worn at Binance Blockchain Week.
$LUNC surged 30%. Will the rise continue? The Do Kwon case is approaching. December 11th will be critical. We are in for exciting times for $LUNC and $USTC ...
Something is very strange this year with $ICP . ⚠️👀 Because if you look at past year charts, you'll see that $ICP volumes haven't crossed $1B in many years. In 2021, when $ICP was at $72, its 24-hour volumes were around a billion dollars. ☄️♾️ We've seen $1B++ volumes this year at ~$5-$7. What I think is that whales have accumulated ICP for the long term, so don't fade your ICP bags because we are here to stay.🌊🚀
The first sentence "Virtual currencies do not have the same legal status as fiat currencies, do not have legal tender status, and should not and cannot be used as currency in the market" directly defines the legal status of cryptocurrencies and fiat currencies. In essence, everyone knows that in China it is possible to hold $BTC , but trading is illegal. If trading is illegal, how can it be equated with the status of fiat currency? Therefore, this sentence starts by stating that stablecoins are the main focus, especially since there are laws for stablecoins in the United States. After legislation in Hong Kong, the primary focus in mainland China is to distinguish between what is offshore and what is onshore. Regardless of what happens offshore, onshore is illegal and cannot be circulated.
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