Cena LikeCoinLIKE

Terra Luna Classic (LUNC) is once again in the spotlight a s the community votes on reclassifying TerraClassicUSD (USTC) from a stablecoin to a Universal Standard Token or a meme coin. This decision could have major implications for the broader Terra Classic ecosystem, influencing investor sentiment and market dynamics. Meanwhile, LUNC’s price action remains sluggish, struggling to break out of its consolidation phase. In this article, we analyze LUNC’s current market structure, key support and resistance levels, and the potential impact of the USTC reclassification vote. LUNC has been trading within a narrow range , showing signs of stability but lacking the bullish strength needed for a breakout. The current price hovers around $0.000063, with resistance forming near $0.000080. The Relative Strength Index (RSI) sits at 44.08, suggesting a neutral to slightly bearish momentum, meaning that LUNC is not oversold but still struggles to attract significant buying interest. The Moving Average Convergence Divergence (MACD) indicator shows a lack of strong bullish momentum, with the MACD line hovering close to the signal line. While the recent small uptick in histogram bars suggests slight bullish divergence, the price action remains weak overall. The proposal to reclassify USTC from a stablecoin to a meme coin or Universal Standard Token has sparked debate in the community. USTC has failed to maintain its peg since the Terra collapse in 2022, and instead of trying to restore its value to $1, the community is considering repositioning it to ensure continued exchange listings and regulatory compliance. If USTC is officially classified as a meme coin, it could attract speculative interest similar to Dogecoin and Shiba Inu. This move could also prevent delisting from major exchanges like Binance, which generates revenue for the Terra Classic ecosystem through transaction fees. However, critics argue that rebranding USTC as a meme coin could further erode confidence in the Terra Classic network. For LUNC , this decision could bring short-term volatility. If investors see the reclassification as a positive move, speculative buying could drive LUNC’s price upward. However, if the community remains divided or regulatory concerns increase, bearish pressure could push LUNC lower. LUNC is currently testing key support near $0.000062. If this level holds, we could see a potential bounce back toward $0.000080. However, if sellers dominate, a drop toward the next major support at $0.000050 is likely. A breach below this level could trigger a bearish trend reversal, pushing LUNC toward $0.000040 or lower. To confirm a bullish reversal, LUNC needs to break and sustain above $0.000080, followed by a push toward $0.000100. Strong volume support is crucial to validate any breakout, and traders should watch for increasing buying pressure before entering long positions. The upcoming USTC reclassification vote will play a crucial role in shaping LUNC’s future trajectory. If the proposal passes and is viewed positively, it could bring renewed speculative interest to the Terra LUNA Classic ecosystem. However, if skepticism prevails, LUNC could continue its downtrend, testing lower support levels. For now, traders should monitor price action near $0.000062 and watch for any breakout above $0.000080. As market sentiment evolves, LUNC’s price movement will likely be influenced by the outcome of the community vote and the broader cryptocurrency market trends.

Over the past six months, Sui Network's native token, SUI , has experienced a remarkable 100% price surge. This significant appreciation not only reflects Sui's technological advancements but also highlights growing institutional interest, particularly driven by Canary Capital's recent filing for a spot SUI exchange-traded fund (ETF). Sui is a Layer 1 blockchain platform designed to enhance digital asset ownership with high-speed transactions and scalability. Built using the Move programming language, Sui's object-centric model allows for parallel transaction processing, sub-second finality, and supports complex on-chain assets. These features position Sui as a versatile platform capable of supporting a wide range of decentralized applications (dApps) with low latency and cost. On March 17, 2025, Canary Capital submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) to launch a spot ETF tracking the performance of SUI . This filing followed the establishment of a statutory trust for the SUI ETF in Delaware on March 6, indicating a structured approach toward introducing the ETF to the market. The proposed ETF aims to provide institutional and retail investors with regulated exposure to SUI without the complexities of directly managing cryptocurrency holdings. If approved, this ETF could significantly enhance SUI's liquidity and market capitalization by attracting a broader investor base. The anticipation surrounding a SUI ETF filing has been a key contributor to SUI's recent price surge. Historically, announcements of crypto ETFs have led to increased investor confidence and speculative buying, driving up asset values. Following the partnership announcement between World Liberty Financial (WLFI) and the Sui blockchain, SUI's value jumped by more than 10% , reflecting the market's positive reception. This initiative to launch a SUI ETF is part of a broader strategy to expand its offerings in the cryptocurrency space. The firm has also filed for ETFs tracking other digital assets, including Axelar (AXL), Litecoin (LTC), XRP, Solana (SOL), and Hedera (HBAR). This diversification underscores a commitment to providing investors with a range of options in the rapidly evolving crypto market. The convergence of Sui Network's technological strengths and the growing institutional interest, exemplified by Canary Capital's ETF filing, has played a pivotal role in SUI's impressive 100% price surge over the past six months. As the regulatory landscape evolves and traditional financial instruments like ETFs become more integrated with digital assets, SUI's trajectory may serve as a bellwether for the broader adoption and maturation of the cryptocurrency market.

Everyone’s glued to the 40X short whale’s moves. Funny how CT doesn’t care about a $500M+ guy outside crypto, but here, every trade looks like insider info. Crypto whales could be a degen, scammer, or just someone who got lucky with memecoins. Blindly following on-chain traders is how people get wrecked.

Crypto firms and fintech companies are reportedly applying for bank charters under the Trump administration, paving the way for greater financial legitimacy. According to a recent Reuters report , crypto firms are looking to apply for bank charters to expand their businesses and potentially reduce borrowing costs. At least half a dozen industry executives have confirmed that crypto firms “see an opportunity” under the Trump administration to gain credibility among customers by applying for a banking licenses. A bank charter is a legal license issued by a government that allows a firm to operate and offer banking services. It defines the bank’s structure, permitted activities, and the regulations it must follow to protect customers and maintain financial stability. “We have seen a lot more interest. We are working on several applications now,” said law firm partner at Troutman Pepper Locke, Alexandra Steinberg Barage. Barage said the firm’s clients are “cautiously optimistic” under the new administration but are waiting for more clarity as the Trump administration begins appointing financial agency heads. During the Biden administration, securing bank charters was difficult, as regulators were slow or reluctant to approve them, especially for crypto firms. The previous administration maintained a more negative stance toward crypto compared to the current administration. Two other sources currently working on potential applications told Reuters that discussions and preparations for bank charters have increased significantly since Donald Trump returned to office. However, they are waiting to see how many firms will follow through with their applications. Although a bank charter subjects institutions to stricter regulatory oversight, it also comes with significant advantages. Carleton Goss, a partner at Hunton Andrews Kurth who is working on three applications, said a bank charter could help firms reduce borrowing costs by drawing on deposits. It would also enhance a company’s legitimacy and create new business and market opportunities. “It makes sense for them to get ahead of the curve, and in turn, get more credibility and capital at a lower cost by applying for a charter,” said Goss. Last February, Wall Street banks reportedly showed interest in initial public offering opportunities through crypto firms. The spark of interest came after major crypto exchanges like Gemini and Bullish expressed interest in going public. Kraken and stablecoin issuer Circle have also explored public listings.

Crypto wealth manager Xapo Banks is offering U.S. dollar loans backed by Bitcoin to expand liquidity options for customers. Gibraltar-based Xapo Bank has introduced Bitcoin-backed ( BTC ) USD loans to discourage BTC selling and provide flexible liquidity pathways for its eligible customers. Xapo Bank users can access up to $1 million in credit by offering their Bitcoin as collateral. Clients will have up to a year to repay the loan, depending on the loan size, and can receive as much as 40% of their BTC’s value in U.S. dollars. According to the company, which primarily focuses on BTC custody, customers often liquidate crypto holdings first during market uncertainty. This pattern adds to existing sell pressure and ultimately hampers the largest cryptocurrency by market cap. Offering BTC-backed U.S. dollar loans aims to encourage long-term BTC holding while providing quick liquidity when needed. In 2022, crypto-native lenders like BlockFi and Celsius promised similar products. However, both companies ultimately failed to deliver and were later found to have falsified financial records to stay afloat. Their collapse contributed to a prolonged bear market, shaking confidence in crypto lenders. Yet, while firms like BlockFi and Celsius were regulated entities, Xapo operates as a fully licensed bank with a similar structure to traditional institutions. As such, the stark difference may produce different results in Xapo’s case. In other news, Xapo Bank teamed up with trading firm Hilbert Group in August 2024 to launch a $200 million Bitcoin fund. In 2023, Xapo Bank also expanded its crypto suite, allowing clients to buy tokens like Ethereum ( ETH ) and Cardadon ( ADA ).