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LUNC News Latest Updates Dec 8: Terra Classic Price Soars 6%, USTC 20%

LUNC News Latest Updates Dec 8: Terra co-founder Do Kwon blamed former FTX CEO Sam Bankman-Fried and Genesis Trading for the Terra-LUNA crisis, Terra Classic price soars 6%, USTC 20%.
Published by
Varinder Singh
Updated 16 May, 2025 | 11:12:57 AM UTC
LUNC News Latest Updates Dec 8: Terra Classic Price Soars 6%, USTC 20%

LUNC News Latest Updates Dec 8: Terra co-founder Do Kwon blamed former FTX CEO Sam Bankman-Fried and Genesis Trading for the Terra-LUNA crisis and revealed how it happened. Moreover, the FUD related to Terra Station and Rebel Station also subdues. As a result, Terra Classic price soars 6%, TerraClassicUSD (USTC) 20%, and LUNA 5% in the last 24 hours.

LUNC News Latest Updates:

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Varinder Singh
Updated 16 May, 2025 | 11:12:57 AM
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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