Luna Financial News

By Jonathan Stempel

Despite falling around 5% on Friday, the Terra Luna Classic (LUNC) price remains over 20% up versus the lows it printed earlier in the year near $0.00010.

The US. Securities and Exchange Commission (SEC) has cited the Terraform Labs recent ruling during the Coinbase and Binance hearings strengthening its claim that the cryptocurrency exchanges went against the securities law.

Four crypto tokens sold by Do Kwon and his co-founded company, Terraform Labs, has been qualified as unregistered securities. 

US District Judge Jed Saul Rakoff said on Thursday, Terraform Labs CEO and founder Do Kwon violated the US securities law by failing to register UST and LUNA as securities.

Terra Luna Classic (LUNC) presents a stark reflection of volatility, having plummeted by 30% in the past week. The question arises—does this descent mark an opportune moment for investors to buy the dip?

Terraform Labs’ founder, Do Kwon, is set to be extradited to the U.S. following months of speculation, according to a report from the Wall Street Journal released Thursday.

The Last of Us' finally have good news coming their way as streaming platform 'Max' has confirmed the streaming window for Pedro Pascal's show. Max's video 'The One To Watch In 2024' teased the fans with glimpses of the show and the release date.

So-called “scandal” tokens are seeing a massive pump as risk appetite in the broader crypto market amps up as Bitcoin (BTC) hits fresh highs for the year above $42,000.

Avatar Frontiers of Pandora is set to be released on December 7, 2023, as confirmed during Ubisoft Forward 2023. The game will be available on PlayStation 5, Xbox X/S, PC, and Amazon Luna. For eager fans awaiting the release, the key question is at what time the game will become accessible. As per the information provided by the PlayStation Store, Avatar Frontiers of Pandora is slated to be released at 00:00 am in your local time zone. This means that players in Asia and Europe will have access to the game earlier than those in North America. However, it's noted that this timing might be subject to change as the release day draws near. Players who make a purchase will be rewarded with the 'Child of Two Worlds Pack,' offering a cosmetic and a weapon skin for customization of their in-game character. As of now, this is the extent of the information available regarding the release time for Avatar Frontiers of Pandora. Additional details are expected to surface as the release date approaches. PC players, in particular, may be interested in learning the amount of hard drive space required for their upcoming Avatar Adventure.

Defunct blockchain protocol Terraform Labs is currently fighting legal challenges in Singapore and appears to be facing setbacks.

The scandals of recent years have taken a profound toll on the credibility and trust of the cryptocurrency sector. However, with the SBF trial behind us, Binance’s settlement with the DoJ, and the promise of a Bitcoin ETF creating a positive buzz in the markets, it feels like the industry is at a pivotal moment.

Disgraced Terraform Labs founder Do Kwon’s appeal in his document forgery case has been rejected by a High Court in Montenegro.

President of Jump Crypto, Kanav Kariya, pleaded his Fifth Amendment rights while being questioned by the U.S. Securities and Exchange Commission over an alleged hidden market-making scheme with Terraform Labs’ founder, Do Kwon, that saw his company pocket over $1 billion. 

Bitcoin rose to an 18-month high as expectations of an approval for exchange traded funds to invest in the largest crypto token intensified.

The Terra Luna Classic price has bombed by 4.5% in the past 24 hours, falling to $0.00006193 as the altcoin continues what looks like a terminal decline.

The co-founder of Terraform Labs Daniel Shin has denied involvement in the collapse of the Terra Network pointing fingers at former CEO Do Kwon.

The Terra Luna Classic price has fallen toby 1.5% in the past 24 hours, after lawyers for Terraform Labs and its co-founder Do Kwon asked a New York judge to throw out the SEC’s case against them.

Terraform Labs and co-founder Do Kwon have filed a motion for summary judgment against the U.S. Securities and Exchange Commission (SEC), seeking to dismiss allegations of multi-billion-dollar securities fraud. This move could prevent a lengthy trial if the judge rules in Terraform’s favor.

According to CoinMarketCap, Terra Classic has secured its position at #94, boasting a substantial market capitalization of approximately $375 million . In terms of supply metrics, the market is awash with a staggering nearly 5.7 trillion LUNC coins in circulation.

MEXICO CITY (Reuters) — Mexico Energy Secretary Rocio Nahle has presented her resignation and will step down immediately, Mexican President Andres Manuel Lopez Obrador said on Friday, following hints from Nahle she might enter the race for governor of Veracruz state.