Home Crypto News Altcoin News
Altcoin News

LUNC News Latest Updates Dec 5: Terra Classic To Re-Open IBC Channels; Proposal 10983 Passing

LUNC News Live Updates (December 5): Terra Classic to reopen IBC channels and community also passed Proposal 10983.
Published by
Varinder Singh
Updated 08 Sep, 2023 | 01:23:25 PM UTC
LUNC News Latest Updates Dec 5: Terra Classic To Re-Open IBC Channels; Proposal 10983 Passing

LUNC News Live Updates (December 5): Terra Classic community has passed Proposal 10983 despite many raising concerns that it may cause Binance to revoke its LUNC burn mechanism. Binance recently burned almost 6.3 billion LUNC tokens on December 1.

December is going to be crucial for Terra Classic amid new proposals and developments. The community looks for “LUNC at $1.”

LUNC News Latest Updates

Advertisement
Share
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 08 Sep, 2023 | 01:23:25 PM
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.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Crypto News

BOJ Hikes Interest Rates to 30-Year High, Will Bitcoin Repeat 20-30% Post-Hike Crashes?

The Bank of Japan (BOJ) raises its interest rates by 25 bps to 0.75%, the…

December 19, 2025
  • Crypto News

Breaking: U.S. Senate Delays CLARITY Act again, Crypto Market Structure Vote Slips to Early 2026

The CLARITY Act is no longer expected to pass the U.S. Senate this year. Lawmakers…

December 19, 2025
  • Crypto News

Breaking: Bitwise Files S-1 For SUI ETF With U.S. SEC

Crypto ETF issuer Bitwise is looking to add a SUI ETF to its growing list…

December 18, 2025
  • Crypto News

Crypto Hacks 2025: North Korean Hackers Steal over $2B in ETH and SOL This Year

In 2025, crypto hacks increased significantly. The cybercriminals associated with the North Korean government stole…

December 18, 2025
  • Crypto News

Universal Exchange Bitget Removes Barriers to Traditional Markets, Offers Forex and Gold Trading to Crypto Users

The number one universal exchange Bitget is removing barriers between crypto and traditional finance. It…

December 18, 2025
  • Crypto News

Breaking: U.S. CPI Inflation Falls To 2.7% YoY, Bitcoin Price Climbs

The U.S. CPI inflation came in well below expectations, providing a bullish outlook for Bitcoin…

December 18, 2025