Binance Announces Support for Fetch.ai (FET) and Terra Classic (LUNA) Network Upgrades

Binance, one of the world's largest cryptocurrency exchanges, has recently announced its support for the upcoming network upgrades of Fetch.ai (FET) and Terra Classic (LUNA). This move aims to enhance the functionality and performance of these blockchain projects, providing users with improved features and capabilities.

Timeline of Fetch, Terra-luna-v2, Terra-luna

LUNC Price Analysis: A down-slopping trendline (yellow) governs the ongoing downtrend in Terra Classic (LUNC) price. Starting from the peak value of $0.000211 on Feb 3rd, the coin's price dropped by a substantial 58.3% to reach the current price of $0.000087.

LUNA was one of the market's top performers once, with the altcoin reaching the top 10 cryptocurrencies by market value in 2021. However, the situation is hardly the same anymore.

The Terra Classic developer Joint L1 Task Force (L1TF) successfully completed the v2.0.1 upgrade without any issues. Joint L1 Task Force developer group were joined by key members including core developer Edward Kim, programmer Fragwuerdig, and PFC Validator.

Top crypto exchange KuCoin has made an important announcement regarding the LUNC tax burn rate. The exchange says it will increase the tax burn of Terra Classic (LUNC) Network from 0.2% to 0.5%.

After being granted bail by a court in Montenegro, Terra co-founder Do Kwon reportedly removed digital assets worth around 2.8 billion won ($2.15 million), according to several reports from South Korean media agencies.

The State Prosecutor's Office in the capital Podgorica filed an appeal contesting Do Kwon's bail.A Basic Court approved a bail worth £400,000 ($437,000) for the TerraUSD creator Do Kwon and another Terraform executive Han Chang-Joon a day after their lawyers filed the request.Authorities from South Korea and the U.S. want to extradite Kwon for trial in Terra's $40 billion collapse saga. The bail granted to TerraUSD creator Do Kwon and his fellow Terraform Labs executive Han Chang-Joon by a Basic Court in Montenegro was contested by local prosecutors nearly a week later.

As the cryptocurrency industry is struggling with increased regulatory pressure, many of its assets are recording modest gains at best, but Terra Classic (LUNC) is one of the few that has seen a significant decline since the year's end.

Terra co-founder Do Kwon reportedly withdrew 2.8 billion won ($2.15 million) worth of digital assets before his bail was approved by a Montenegro court, according to reports by several South Korean media outlets. CoinGape Media earlier reported that Terraform Labs, co-founded by Do Kwon and Daniel Shin, transferred 1.8 million Convex Finance (CVX) tokens worth

The recent announcement by Binance, one of the leading cryptocurrency exchanges, regarding its support for Terra Classic's (LUNC) network upgrade to v2.0.1 has added further excitement and price potential around the network.

Four proposals related to increasing burn tax, LUNC burn, and staking were passed by the Terra Classic community. The proposals outline key changes including raising the LUNC burn tax to 0.5%, rewarding people for staking, whitelisting Dapps contracts, and increasing community pool funding.