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What Do Cosmos SDK and Wasm Mean, and Why Are They Important?

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What Do Cosmos SDK and Wasm Mean, and Why Are They Important?

Terra Classic is preparing for a major technical upgrade. The goal is to improve the network’s security, performance, and long-term reliability.

What is the Cosmos SDK
The Cosmos SDK is a software framework used to build blockchains. It is open source and allows developers to create both public and private blockchains. Public chains can use a Proof of Stake system where validators secure the network, while private chains can use Proof of Authority, where control is limited to selected validators.

Blockchains built using the Cosmos SDK are called application specific blockchains because they are designed for specific use cases. Terra Classic is one example of this. It currently runs on an older version, SDK v0.47.17. The proposed upgrade will move it to version 0.50.13.

Why the Cosmos SDK Upgrade is Important
Upgrading to SDK v0.50.13 brings several benefits:

● A more advanced system for handling transactions called ABCI++

● Stronger security, including fixes for known issues in the older version

● Better tools for developers to create and maintain applications

● A more flexible structure that makes it easier to manage upgrades

● Improved community control through governance-based settings

This upgrade also ensures that existing applications and features will continue to work without interruption. Terra Classic’s custom modules like Oracle, Market, and Treasury will be updated to match the new SDK structure.

What is the Wasm Module
The Wasm Module, short for WebAssembly Module, is the system that runs smart contracts on Terra Classic. A Wasm module is a precompiled unit of code that allows for fast and secure execution. It works across different platforms and provides the performance needed to support advanced applications.

Smart contracts are programs that automatically execute actions based on set conditions. They are an essential part of decentralized applications.

Currently, Terra Classic uses Wasm version 0.46.0. The proposed upgrade will move to version 0.53.2.

Why the Wasm Upgrade Matters :
● Smart contracts will continue to work as they do today

● Developers will be able to use the latest features and improvements

● Terra Classic’s custom smart contract connections, such as oracle and tax modules, will remain supported

This upgrade allows Terra Classic to stay compatible with the latest smart contract standards while keeping its existing contracts stable.

What Happens to Terra Classic’s Custom Modules
Terra Classic includes several unique modules that need special attention during the upgrade. These include:

● The Oracle Module, which tracks price data used in stablecoin systems

● The Market Module, which supports token swaps and liquidity

● The Treasury Module, which manages taxes and economic policy settings

Each of these modules will be carefully tested and adjusted. The development team will also add temporary tools to make sure everything continues to work correctly during the transition.

Why This Upgrade is Necessary
There are several reasons why this upgrade is important for Terra Classic:

● It removes old code and outdated changes made in earlier versions, as part of a broader effort led by Orbit Labs

● It fixes known security issues in the current software

● It gives developers modern tools to build more reliable and advanced applications

● It improves the network’s ability to adapt to future updates

This upgrade also ensures that developers and validators can work more efficiently, while keeping the network stable for everyday users.

Final Thoughts
Upgrading to Cosmos SDK v0.50.13 and Wasm v0.53.2 is an important step forward for Terra Classic. It makes the blockchain stronger, more secure, and easier to maintain without disrupting any existing features or applications.

For regular users, everything will continue to work as expected. For developers and validators, this upgrade provides a better foundation to build and innovate. Most importantly, it prepares Terra Classic for long-term sustainability and growth within the Cosmos ecosystem.

Big Win for Crypto Fans as the GENIUS Act Becomes Law

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Big Win for Crypto Fans as the GENIUS Act Becomes Law

The United States just made a major move in crypto. On July 18, 2025, President Trump officially signed the GENIUS Act, a new law focused on stablecoins. This is the first-ever national law in the US made just for crypto payments.

So what does it mean?
If a company wants to issue stablecoins in the US, they now have to:

● Back every coin with real US dollars or safe assets

● Show the public monthly reports on their reserves

● Keep user funds safe if they go out of business

This law gives crypto users more safety and more trust. It also avoids some old rules from the SEC or CFTC. Instead, banks and trusted financial agencies will watch over stablecoin companies.

Experts say this could bring billions of dollars into the crypto market. Big institutions are already getting ready to launch new stablecoins under the new rules.

More Crypto Laws Are Coming
The US House also passed a second major bill called the CLARITY Act. This one explains who controls what between the SEC and CFTC when it comes to crypto trading. It still needs to pass in the Senate, possibly later this year.

Another bill, called the Anti CBDC Act, also moved forward. It blocks the government from creating its own digital dollar that could be tracked by the Fed.

Why It Matters
The GENIUS Act is a big win for crypto adoption in the US. It gives companies a clear way to follow the rules, protects users, and brings more trust to stablecoins.

If the Senate also passes the other two bills, crypto in the US could become stronger and more secure than ever.

LUNC, ETH, XRP and Solana Could Be the Next Big Gainer as Altcoins Start to Wake Up

Adit 39
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LUNC, ETH, XRP and Solana Could Be the Next Big Gainer as Altcoins Start to Wake Up

As the crypto market cools down, some altcoins are showing early signs of life and Terra Classic (LUNC) is one of the top tokens analysts are watching closely. Alongside XRP, Solana, and Ethereum, LUNC is flashing bullish signals that could lead to a potential rally in the coming weeks.

Why LUNC Is Getting Attention Right Now

Even as Bitcoin struggles to stay above $115,000, LUNC is holding steady and gaining strength. Analysts from CryptoRank and other trusted platforms are pointing out that LUNC’s chart looks similar to past rally setups. While many coins are going sideways or down, LUNC is building support and showing signs that buyers are quietly stepping in.

Wallet activity and trading volume for LUNC are also staying healthy — a sign that the community is still active and preparing for a possible move up.

What About the Other Altcoins?

LUNC isn’t alone. XRP, Solana, and Ethereum are also looking strong, but each has a different story:

● XRP just saw a huge price drop, but experts say the long-term trend is still okay. A big liquidation event shook out weak hands, and now the token may be setting up for a rebound.

● Solana is holding up well thanks to steady developer growth and active users. Its price is above key technical levels that usually mean strength.

● Ethereum is quietly outperforming Bitcoin and may be preparing for its next big move. It remains one of the most used blockchains in crypto.

What This Means for New Investors

Analysts believe this period of consolidation is a good time to watch the market closely. If Bitcoin stays stable or slowly climbs, altcoins like LUNC could lead the next wave of gains. Technical charts and on-chain data are showing early signs of a breakout, but nothing is guaranteed in crypto.

If you’re new to crypto, it’s important to do your own research, manage your risk, and avoid chasing pumps. But for those watching LUNC, this might be a key moment to stay alert.

Updated Proposal: Terra Classic SDK & Wasm Upgrade

Lunc Daily
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Updated Proposal: Terra Classic SDK & Wasm Upgrade

Terra Classic Upgrade
Document / ANTIER SOLUTIONS

Updated Proposal: Terra Classic SDK & Wasm Upgrade

Executive Summary

This proposal outlines a secure, backward-compatible upgrade of Terra Classic’s core infrastructure to Cosmos SDK v0.50.13 and Wasm Module v0.53.2, addressing unresolved issues from the v0.47 upgrade, enhancing security, and ensuring long-term sustainability. The upgrade is contingent on Orbit Labs’ unforking completion and includes fixes for technical debt, mitigation of breaking changes, and developer-focused improvements. The proposal ensures full backward compatibility for existing dApps.

Technical Specifications & Implications

1. Cosmos SDK Upgrade

Current: v0.47.17

Proposed: v0.50.13

Rationale: Upgrading to v0.50+ (“v50.13”) brings modern consensus through ABCI++, a modular and maintainable architecture, more robust storage, hardened permission logic, governance-led configuration, and developer-friendly tooling—setting Terra Classic on a stronger, future-proof path.

Changes:
x/params module updates (requires migration to new governance-driven parameters).
x/authz and x/feegrant updates (impacts dApps using delegation/allowances).
Custom module adjustments (e.g., Oracle, Market, Staking) due to SDK refactoring.

Terra Classic Considerations:
Ensures full backward compatibility with existing chain features and functionalities.

2. Wasm Module & Virtual Machine

Current: v0.46.0 / wasmvm v1.5.8

Proposed: v0.53.2 / wasmvm v2.1.4

dApp Impact:
-Existing CosmWasm contracts remain functional.

-Contracts will adhere to the latest standards while maintaining backward compatibility with existing constraints.

-Terra Classic Custom Wasm Bindings Compatibility:

Custom bindings for oracle, tax, and market modules will be maintained.

3. IBC-GO

IBC-GO: v7.4.0 → v8.7.0

Preserves cross-chain compatibility without introducing IBC-breaking changes.

Performance enhancements, optimizing relayer performance and reducing transaction latency.

Future-proofing, ensuring compatibility with upcoming Cosmos chains adopting IBC v8.7.0.

4. Terra Classic Custom Modules & Upgrade Plan

Terra Classic’s custom modules require careful handling during this upgrade:

Oracle Module: Manages exchange rate feeds for stablecoins. Requires compatibility testing with the new SDK structure to ensure validator price submissions remain accurate.

Market Module: Facilitates stablecoin swaps. Needs parameter validation and optimization for performance under the new SDK execution model.

Treasury Module: Governs economic policies, including tax rates. Must be preserved with no loss of functionality and tested under new governance-driven parameters.
All the other customization that has been done in different modules like staking, slashing, mint etc., will also be upgraded.

Upgrade Strategy:

Detailed Unit Testing & Refactoring:

Conduct unit tests on Oracle, Market, and Treasury modules to verify proper functionality under the new SDK.

Identify areas needing refactoring to align with SDK v0.50.13.

Backward Compatibility Layer Implementation:

Develop temporary compatibility shims for x/treasury and x/market modules to avoid dApp disruptions.

Ensure that existing governance parameters remain unchanged during the upgrade
.
Why This Upgrade?

  1. Terra Classic-Specific Research

Unforking Synergy:

Orbit Labs’ unforking removes Terra-original patches, allowing seamless SDK v0.50 integration.

2. Risk Mitigation

Backward Compatibility Layer:

Temporary shims for deprecated modules to prevent dApp disruption.

Security Measures:

The security vulnerabilities identified by Oak Security in the audit of Cosmos SDK v0.47 will be resolved by integrating the corresponding fixes from v0.50.

Workflow & Timeline

Phase 1: Pre-Upgrade Preparation (2 Weeks)

Tasks: Detailed analysis of current codebase, backward compatibility and documentation, testnet setup.

Phase 2: Core Upgrade Execution (5 Weeks)

Tasks:
SDK v0.50.13 integration.

Wasm Module v0.53.2 update.

Custom module migration for Terra Classic’s unique features.

Ensuring CosmWasm 1.0-1.5 contracts remain functional.

Ensuring full support and compatibility for existing CW‑0.16 contracts on chain, while also enabling forward compatibility with CW‑1.0–1.5—so there’s no risk to current deployments and we’re future-ready.

Phase 3: Progressive Upgrades, Testing & Validation (9 Weeks)

Tasks:
Setup the chain on version that supports 0.16 contracts,instantiate those contracts and then upgrade the chain progressively to v0.50.13 followed by mock testing.

Security audits, validator dry runs, dApp migration tests, bug bounties.

We stay with App v1 for this upgrade to minimize migration complexity. We’re planning to evaluate App v2/depinject migration in a future phase once we’ve stabilized on v0.50

Phase 4: Testnet Deployment (4 Weeks)

Tasks:
Public testnet launch, validator/dApp onboarding, monitoring.

Phase 5: Mainnet Deployment (4 Weeks)

Tasks: Governance vote, CEX coordination, mainnet upgrade, post-launch monitoring.

****Strathcole helped overlook the upgrades details and also he fixed the SDK 47 bug reported by Allnodes

  • this Document is the Original Form they i get. After some questions – who do this. – ANTIER SOLUTIONS would doing the UPGRADE

MORE HERE

Crypto Market Suddenly Drops Today: Five simple reasons every new investor must know

Adit 39
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Crypto Market Suddenly Drops Today: Five simple reasons every new investor must know

Quick take for beginners :

1. Prices ran up fast recently and traders are taking profit.

2. Altcoins are falling harder than Bitcoin.

3. Bitcoin exchange traded funds just saw money flow out.

4. Regulators are still unsure about altcoin ETFs, which scares the market.

5. Too much leverage means forced selling when prices slip.

What is happening right now
Bitcoin is trading around 118 thousand dollars, a little lower on the day, after failing several times to stay above 120 thousand dollars. Ether is weaker, and many big altcoins like XRP, Solana and Dogecoin are down by several percent today. Altcoins led the rally in recent weeks, so they are also leading the pullback.

The five simple reasons :
1. Profit taking after a huge rally
Bitcoin hit a record area near 123 thousand dollars last week. After big runs, traders lock in gains. That selling pressure pushes prices down and drags the rest of the market with it.
2. Altcoins are correcting harder
Ether fell a few percent and coins like XRP, Solana and Dogecoin dropped even more. When risk appetite cools, money usually leaves the smaller coins first.
3. ETF money is slipping out
Spot Bitcoin ETFs in the United States recorded about 86 million dollars of net outflows on July 23. When big funds take money out, it pressures prices and sentiment.
4. Ongoing regulatory uncertainty
The Securities and Exchange Commission paused the conversion of a Bitwise crypto index fund into an ETF. That pause tells investors regulators are still cautious about anything beyond Bitcoin and Ether, which cools excitement for many altcoins.
5. Leverage and liquidations
Many traders use borrowed money. When prices dip, their positions can be forced to close, which pushes prices down further in a chain reaction. Analysts say the market lacked a fresh positive catalyst, so leveraged positions were vulnerable.

Macro and news noise that adds to the pressure
Risk off moves from global trade worries and policy uncertainty are making investors more cautious with speculative assets. Some traders are also waiting for more details on upcoming policy reports and the full impact of new United States crypto laws like the GENIUS Act.

What to watch next :
1. Can Bitcoin finally hold above 120 thousand dollars

2. Do ETF flows turn positive again

3. Any clear green light or red light from regulators on altcoin ETFs

4. Liquidation data and funding rates that show whether leverage is shrinking

How a newbie can think about it
Big rallies almost always come with pullbacks. This is normal.

1. Focus on your time horizon. If you are investing for the long term, decide your buy and sell plan in advance so you are not forced to react emotionally on days like this.

2. Learn the basics of risk management. Never overuse leverage.

3. Diversify. Do not put everything into one small cap altcoin that can fall much faster than Bitcoin.

South Korea’s FSS Signals Caution on Crypto ETFs, LUNC’s Potential Shines

Lunc Daily
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South Korea’s FSS Signals Caution on Crypto ETFs, LUNC’s Potential Shines

South Korea’s Financial Supervisory Service (FSS) recently issued verbal guidance urging local asset managers to limit exposure to crypto-related stocks, such as Coinbase and MicroStrategy, in exchange-traded funds (ETFs). This directive, rooted in a 2017 policy banning institutional investment in virtual assets, reflects the FSS’s cautious stance amid a rapidly evolving global crypto landscape. Despite South Korea’s vibrant crypto market, with 18.25 million investors, regulators aim to curb systemic risks tied to the volatility of crypto-linked equities, prioritizing investor protection and financial stability. The move has sparked debate, as local ETFs face stricter rules while retail investors access U.S.-listed crypto ETFs, highlighting regulatory inconsistencies.

Amid this cautious approach, Terra Classic (LUNC) presents a unique opportunity in South Korea’s crypto market. LUNC, the native token of the Terra blockchain post its 2022 collapse, has been revitalized through community-driven efforts to stabilize and enhance its ecosystem. South Korea, a hub for crypto adoption, could see LUNC benefit from this regulatory shift. As ETFs face restrictions, investors may turn to direct crypto investments, favoring tokens like LUNC with strong community backing and potential for recovery. LUNC’s ongoing developments, such as staking and governance upgrades, align with South Korea’s tech-savvy investor base, eager for innovative projects.

Furthermore, President Lee Jae-myung’s pro-crypto policies, including plans to legalize spot crypto ETFs by late 2025, signal a gradual easing of restrictions. LUNC could capitalize on this shift, offering a low-cost, high-potential investment for retail traders. By leveraging South Korea’s active crypto trading culture, LUNC stands to gain traction, positioning itself as a resilient player in a market navigating regulatory caution and innovation.

Binance Coin Surges Past $800, LUNC Poised to Benefit

Doncho Stojanoski
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Binance Coin Surges Past $800, LUNC Poised to Benefit

Binance Coin (BNB) has achieved a historic milestone, surging past $800 for the first time and reaching a new all-time high of $804.70 on July 23, 2025. This rally propelled BNB’s market capitalization to $111 billion, overtaking Solana (SOL) at $110 billion, reclaiming the fifth spot among cryptocurrencies. The surge, driven by strong demand in the derivatives market and Binance Smart Chain’s (BSC) recovery, with a Total Value Locked (TVL) of $6.77 billion, highlights BNB’s robust ecosystem. However, this development also casts a spotlight on Terra Classic (LUNC), which stands to benefit significantly from BNB’s momentum.

LUNC, the native token of the Terra Classic blockchain, thrives on its community-driven revival efforts post the 2022 Terra collapse. Unlike Solana, which has faced network outages, LUNC’s ecosystem focuses on stability and decentralization. The BNB surge boosts BSC’s visibility, where LUNC is actively traded, potentially increasing its liquidity and investor interest. LUNC’s community governance, with proposals like tax burns reducing token supply, enhances its deflationary appeal, contrasting Solana’s inflationary model. LUNC’s low transaction fees and growing DeFi integrations make it a compelling alternative for developers seeking cost-effective solutions compared to Solana’s higher operational costs.

While Solana excels in transaction speed, LUNC’s resilience, with a market cap of $0.5 billion and trading volume up 20% recently, underscores its potential. BNB’s rally could funnel capital into BSC-based projects, including LUNC, driving its adoption. LUNC’s community focus and deflationary mechanics position it as a stronger long-term investment compared to Solana, leveraging BSC’s growth to reclaim market relevance.

LUNC Layer 2 Explodes in Popularity as MIOFF Becomes the Most Trending Token on the Market Today

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LUNC Layer 2 Explodes in Popularity as MIOFF Becomes the Most Trending Token on the Market Today

LUNC Layer 2 projects are heating up fast and one name is leading the charge. MIOFF has just become the most trending token in the market, turning heads across the LUNC layer 2 landscape with two trading pools surging over 80 percent in a single day.

The numbers are impossible to ignore. One pool jumped by an astonishing 85.76 percent while the second followed closely at 81.39 percent. This dual breakout has not only propelled MIOFF to the top of today’s gainers list but also sparked a wave of investor interest rarely seen in this segment of the Terra Classic ecosystem.

Backed by growing demand for Layer 2 utility, strong community traction and a buzz from new investor on festival side, MIOFF is capturing attention at every level. Market watchers now see it as a flagship token for the entertainment and festival-driven future of LUNC.

The LUNC Layer 2 narrative is evolving and MIOFF appears to be leading a fresh wave of opportunity. As momentum builds and capital flows into the token, many are wondering if this is just the beginning.

Early movers are already locking in positions. The question is, will you be one of them?

Just 892B LUNC Still Staked — Are Holders Preparing for a Breakout?

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Just 892B LUNC Still Staked — Are Holders Preparing for a Breakout?

As the Terra Classic (LUNC) ecosystem continues its revival, staking metrics are drawing major attention from the community. Recent data reveals that only 892,820,218,185 LUNC tokens remain actively staked, representing just 13.7% of the total supply.

This sharp drop in the staking ratio raises several questions:

● Are users anticipating major liquidity events?

● Is there a strategic shift toward trading instead of holding?

● Or could it be a sign of preparation for future proposals and upgrades?

With a total LUNC supply exceeding 6.5 trillion tokens, the remaining 13.7% staked marks a significant decrease from previous levels. Historically, a higher staking ratio has been seen as a sign of community confidence and long-term commitment to the network. A lower ratio, however, may increase circulating supply and potential market volatility.

Why This Matters:

● Staking supports network security and governance.

● A lower staking percentage may weaken on-chain voting power.

● It can also impact token price, especially in a sensitive market.

But with major upgrades coming like the Market Module 2.0, community utility tokens like USTD and developments in DeFi and dApps, many believe this could be a strategic cooldown before the next major move.

LUNC holders now face a choice, stake to support the network, or stay liquid and flexible for what’s coming next.

👉 How to Claim $LTK: A Step-by-Step Guide for Terra Classic Users

Webjojo Uncode Lounge
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👉 How to Claim $LTK: A Step-by-Step Guide for Terra Classic Users

Intro

The $LTK token has just entered its community claim phase on Terra Classic, rewarding users for their contributions. Unlike traditional airdrops, $LTK uses a point-based system off-chain, where each point can be claimed on-chain via a secure and transparent process.

In this guide, we explain how to claim your $LTK tokens, link your wallet, and understand the claim rules. The process is open to all members of the Lunctoken.org platform.

➡️ Original guide published here: Lunctoken.org – How to Claim LTK

🪙 What is $LTK?

$LTK (Lunctoken) is a CW20 token deployed on Terra Classic, designed to reward community engagement. It powers a gamified ecosystem of points, badges, NFTs, and Web3 interactions. Its total supply is capped at 10,000,000 LTK.

🌱 How Claiming Works

Claiming $LTK is not an airdrop. It’s a merit-based conversion:

  • 1 LTK Point = 1 $LTK
  • 20% claim fee (distributed across Treasury, LP, Rewards)
  • Only available to verified users with a Terra Classic wallet
  • A minimum amount of 100 LTK is necessary before to claim.

Once your claim is submitted, it is processed manually within 72h.

✅ Step-by-Step to Claim $LTK

  1. Earn LTK Points on Lunctoken.org by participating in tutorials, discussions, courses, or governance.
  2. Log in to your account and go to the Claim LTK page.
  3. Your Terra wallet must be linked (stored via your Lunctoken Profile page).
  4. Enter the number of points to claim (minimum = 100).
  5. Confirm — your tokens will appear on-chain after manual validation within 72 hrs.

Bonus: You can track claim history and wallet balances in your claim history or directly via LuncScan!

Why It Matters

This system creates a bridge between off-chain actions and on-chain rewards — opening a new paradigm for community-driven Web3 projects. It avoids bots, encourages real engagement, and maintains transparent tokenomics.

📎 Useful Links

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