MEXCTerra Luna Classic Moves Closer to Tax2Gas, LUNC Price Jumps 6%
Highlights
- Terra Luna Classic community votes on v3.1.6 upgrade proposal.
- It includes a security patch to wasmvm and an improvement on the gas simulation of taxable transactions.
- LUNC and USTC prices are on a rally.
The Terra Luna Classic community votes on another security upgrade proposal. This upgrade includes a security patch to wasmvm and an improvement on the gas simulation of taxable transactions. LUNC price has jumped more than 6% over the last day and more than 15% in a month.
Terra Luna Classic Community Votes on v3.1.6 Upgrade
Terra Luna Classic developer StrathCole submitted proposal 12139 “Upgrade to v3.1.6” for governance voting on the Station wallet. A new Terrad client was released on September 26, as per GitHub repository.
The upgrade will apply an upstream wasmvm security patch, updating wasmvm to 1.5.5. This also includes an improvement on gas simulation of taxable transactions which was only released to endpoint providers as it did not contain consensus-relevant changes (v3.1.5-sim.2). Moreover, it adds support for much-awaited upcoming Tax2Gas implementation.
Currently, the latest proposal has received unanimous support from the community. It has received 100% “Yes” votes from validators and delegators. If approved by the community, the chain will be halted at block height 20085000, which is expected at 1:30 PM UTC on October 4, as per StakeBin countdown.
Recently, Terraform Labs (TFL) and CEO Chris Amani confirmed receiving an order from the bankruptcy court to wind down operations after the SEC settlement. They also plan regarding the shutdown of operations and its products and services in case negotiations with 3rd parties fail.
LUNC Price, USTC In Upside Momentum
Terra Luna Classic ecosystem tokens LUNC and USTC are building upside momentum, targeting to break up above respective resistance levels. The community is optimistic with Binance LUNC burn approaching and Changpeng “CZ” Zhao release today.
LUNC price jumped over 6% in the last 24 hours and 10% in a week, with the price currently trading at $0.00009369. The 24-hour high and low are $0.00008818 and $0.00009459, respectively. Trading volume saw an increase of 50% in the past 24 hours.
Meanwhile, USTC price rose by more than 5%, with the price now trading at $0.0193. Moreover, the trading volume has increased by 55% in the last 24 hours. USTC futures OI rose 7% in the past 4 hours.
- Breaking: Trump Cuts Tariffs as US-China Reaches 1-Year Trade Deal, Bitcoin Rebounds
- Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon
- SpaceX Makes Third Huge Bitcoin Transfer in 10 Days, Is Elon Musk Planning Something Big?
- Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’
- FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year
- Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level
- Expert Predicts XRP Price to Hit $10 as Elliot Wave, XRPR ETF Inflows Align
- HYPE Price Prediction as 21Shares Files S-1 for Hyperliquid ETF—Can Bulls Push HYPE to $60?
- Bitcoin Price Rally Bound? How the Fed’s Move May Unleash Crypto
- Can ASTER Price Rebound 50% as Whale Activity and Bullish Pattern Align?
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
