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Do Kwon’s Legal Team Requests Further Delay Amid Ongoing Talks with U.S. Government

Terraform Labs co-founder Do Kwon’s legal saga continues as his defense team has filed yet another request for an extension of time to submit pretrial motions. This time, Kwon’s attorneys are seeking an additional two-week delay, citing “productive discussions” with U.S. government officials in the wake of the departure of the lead prosecutor handling the case.

According to court documents filed this week, the defense argues that ongoing negotiations could potentially impact the direction or resolution of the case, justifying the need for more time. The motion also notes that since the recent exit of the original prosecutor, communication with new government counsel has been constructive and remains active.

Do Kwon, who faces multiple charges in the U.S. related to the dramatic collapse of the Terra blockchain ecosystem in 2022, has consistently fought extradition while simultaneously preparing for a legal showdown in American courts. The case has drawn widespread attention across the crypto world, particularly as regulatory bodies seek to crack down on high-profile figures following massive market failures.

The legal team’s request has not yet been ruled on, but it marks yet another chapter in a case riddled with delays, jurisdictional disputes, and shifting legal strategies. Analysts believe the ongoing discussions might point toward a potential plea deal or a narrowing of charges, though nothing has been confirmed.

If the court grants this latest extension, it would push the deadline for pretrial motions deeper into the second half of 2025, extending the already lengthy timeline for a case with significant implications for crypto regulation and accountability.

For now, all eyes remain on the federal court’s response—and on what these “productive discussions” might ultimately yield.

Crypto Market Cap Rises: LUNC Takes Center Stage

The cryptocurrency market has seen a 1% increase in total market capitalization, reaching approximately $3.68 trillion, driven by bullish sentiment and growing institutional adoption. This surge reflects renewed investor confidence, bolstered by regulatory clarity and significant inflows into Bitcoin spot ETFs. As the market anticipates a potential climb to $4 trillion, one cryptocurrency stealing the spotlight is Terra Classic (LUNC), which has experienced a remarkable upswing.

LUNC, ranked #148 globally with a market cap of $354.7 million, has surged with a 93.9% increase in 24-hour trading volume, as reported on X. This spike is partly attributed to Binance’s monthly token-burning mechanism, which reduces LUNC’s circulating supply, potentially increasing its value. The community’s enthusiasm, coupled with institutional interest in the broader crypto market, has fueled LUNC’s momentum, making it a focal point for traders and investors alike.

The broader market’s bullish sentiment is supported by Bitcoin’s climb to $118,021, contributing $2.34 trillion to the total market cap, alongside altcoins like Chainlink (LINK) and Polkadot (DOT) showing renewed vigor. Institutional adoption, driven by regulatory advancements and corporate investments, continues to propel the market forward. For LUNC, this environment provides fertile ground for growth, as its community-driven initiatives and deflationary tokenomics align with the market’s upward trajectory.

However, risks remain. Analysts warn of potential pullbacks if selling pressure emerges, with LUNC’s support levels needing close monitoring. Despite these uncertainties, the combination of institutional backing and LUNC’s unique burn strategy positions it as a compelling asset in the evolving crypto landscape, capturing the attention of both retail and institutional investors in this bullish phase.

Bitcoin Hits New All-Time High, LUNC Shines with Community Momentum

Bitcoin has soared to a new all-time high, breaking past $120,900 and briefly touching $121,000, fueled by robust institutional demand and significant inflows into Bitcoin exchange-traded funds (ETFs). This milestone reflects growing confidence in cryptocurrencies as mainstream financial institutions embrace digital assets, driving unprecedented market enthusiasm. The surge underscores Bitcoin’s role as a store of value, with investors flocking to capitalize on its bullish momentum.

Amid Bitcoin’s rally, Terra Luna Classic (LUNC) is carving its own path to recovery, emerging as a focal point for optimistic investors. LUNC, the native token of the rebranded Terra Classic blockchain, has shown resilience despite its turbulent history. The community’s proactive efforts, including a burn campaign that has incinerated over 400 billion tokens, aim to reduce the circulating supply of 5.5 trillion LUNC, potentially boosting its value. Recent upgrades, like the Tax2Gas mechanism and the v3.3.0 software update, enhance transaction efficiency and align LUNC with the Cosmos ecosystem, fostering developer interest and decentralized finance (DeFi) growth.

Analysts are bullish on LUNC’s prospects, with forecasts suggesting it could reach $0.0004 in 2025, driven by community-led initiatives and increasing staking ratios, currently at 15.85%. The synergy of Bitcoin’s institutional backing and LUNC’s grassroots revival creates a compelling narrative for crypto enthusiasts. As Bitcoin’s rally signals a broader market uptrend, LUNC’s ongoing burns and ecosystem enhancements position it for a potential breakout, with some speculating a climb toward $0.001 or higher. With both assets riding a wave of optimism, LUNC’s community-driven momentum complements Bitcoin’s institutional surge, making it a token to watch in 2025.

Why LUNC is the Future on Blockchains

Luna Classic (LUNC), the original Terra blockchain token, is emerging as a significant player in the blockchain ecosystem. Despite past challenges, LUNC’s potential to shape the future of decentralized finance (DeFi) and blockchain technology is undeniable, driven by its community, innovation, and strategic vision.

First, LUNC benefits from a passionate and resilient community. After the Terra ecosystem’s collapse in 2022, the community rallied to rebuild trust and utility. Through decentralized governance, LUNC holders actively vote on proposals to enhance the network, ensuring it evolves with user needs. This community-driven approach fosters transparency and aligns development with long-term goals, a key strength for blockchain projects.

Second, LUNC’s focus on scalability and low transaction costs makes it attractive for DeFi applications. The Terra Classic blockchain offers fast, cost-effective transactions compared to many competitors, enabling seamless micropayments and smart contract executions. This efficiency is critical for mass adoption, particularly in emerging markets where affordability is paramount.

Moreover, LUNC’s burn mechanism is a game-changer. By reducing the token supply through transaction fee burns, the network aims to create deflationary pressure, potentially increasing LUNC’s value over time. This economic model incentivizes holding and usage, aligning stakeholder interests.

Finally, LUNC’s interoperability with other blockchains enhances its utility. By integrating with cross-chain protocols, LUNC enables seamless asset transfers and DeFi collaborations, positioning it as a hub in the multi-chain future.

While challenges remain, such as restoring full market confidence, LUNC’s community resilience, scalability, deflationary economics, and interoperability make it a compelling contender. As blockchain adoption grows, LUNC’s unique strengths position it as a cornerstone of the decentralized future, ready to redefine how we transact and interact on-chain.

Join the Terra Classic Community – A Leading Hub for Decentralized Finance (DeFi)

Are you looking to be part of a fast-growing crypto community with real purpose? The Terra Classic Community is your ideal destination for everything related to decentralized finance (DeFi), blockchain innovation, and crypto empowerment.

Visit terra-classic.money – the official platform where you can explore the Terra Classic ecosystem, access essential tools, learn about staking, governance, and stay updated on the latest developments.

As a decentralized, community-led blockchain project, Terra Classic (LUNC) continues to attract global attention. What makes us unique is our 24/7 active support and presence across major platforms like Telegram, where thousands of users gather to collaborate, ask questions, and share updates.

Whether you’re new to cryptocurrency or an experienced blockchain developer, Terra Classic offers inclusive spaces where everyone can contribute and grow. From engaging in proposals to staking with top validators, you can play a vital role in the network’s progress.

By joining Terra Classic, you’re not only participating in a powerful Layer 1 blockchain – you’re becoming part of a mission to restore trust and utility in DeFi. With constant ecosystem growth, community-driven decisions, and exciting promotional efforts, Terra Classic is proving that a committed community can lead the way in Web3 innovation.

✅ Get started today at terra-classic.money

✅ Join our active Telegram groups

✅ Connect with the global Terra Classic community

Welcome to Terra Classic – your home for true crypto community and decentralized finance.

Come in and find out 😉

How to Buy LUNC on Crypto.com?

Luna Classic (LUNC) is the original Terra blockchain token, and Crypto.com offers a straightforward platform to purchase it. Follow these steps to buy LUNC efficiently.

Step 1: Sign Up or Log In
Download the Crypto.com app from the App Store or Google Play, or visit Crypto.com on your browser. Create an account by providing your email, setting a password, and completing identity verification (KYC) with a valid ID. If you already have an account, log in.

Step 2: Deposit Funds
Navigate to the “Accounts” or “Wallet” section and select “Deposit.” Crypto.com supports fiat deposits (USD, EUR, etc.) via bank transfer, credit/debit card, or crypto deposits like BTC or USDT. Choose your preferred method, follow the instructions, and wait for funds to reflect (processing times vary).

Step 3: Search for LUNC
In the app, go to the “Trade” or “Markets” tab and search for “LUNC” in the search bar. Select the LUNC trading pair, such as LUNC/USDT or LUNC/USD, depending on your deposited currency.

Step 4: Place a Buy Order
Click “Buy” and choose between a market order (instant purchase at current price) or a limit order (set your desired price). Enter the amount of LUNC you want to buy or the funds you wish to spend. Review fees (Crypto.com charges a small trading fee) and confirm the transaction.

Step 5: Store Your LUNC
Once purchased, your LUNC will appear in your Crypto.com wallet. For security, consider transferring it to a personal wallet like Trust Wallet or a hardware wallet.

Tips: Monitor LUNC’s price volatility and set price alerts. Always double-check transaction details to avoid errors. Crypto.com’s user-friendly interface makes buying LUNC accessible, even for beginners.

Why Coinbase Should List LUNC?

Coinbase, a leading cryptocurrency exchange, has an opportunity to enhance its offerings by listing Luna Classic (LUNC). This move could benefit both the platform and its users, aligning with Coinbase’s mission to increase economic freedom through accessible digital assets.

First, listing LUNC would attract a dedicated and passionate community. Despite the 2022 Terra ecosystem collapse, LUNC has retained a strong following, with active developers and supporters working on its revival. The community’s commitment to reducing LUNC’s hyperinflated supply through burn mechanisms demonstrates its potential for long-term value. By listing LUNC, Coinbase could tap into this engaged user base, driving trading volume and platform activity.

Second, LUNC’s unique position in the crypto market makes it a compelling addition. As the original token of the Terra blockchain, LUNC carries historical significance and brand recognition. Its ongoing development, including upgrades to improve scalability and staking, signals a project with resilience and ambition. Coinbase’s inclusion of LUNC would diversify its portfolio, appealing to traders seeking speculative assets with high growth potential.

Third, listing LUNC aligns with market trends favoring community-driven projects. Exchanges that support such tokens often see increased user retention and loyalty. Coinbase could position itself as a forward-thinking platform by embracing LUNC, especially as the token’s burn initiatives reduce supply, potentially increasing its value over time.

Finally, Coinbase’s rigorous listing criteria ensure only credible projects are added. LUNC’s transparent roadmap and active governance meet these standards, making it a low-risk addition. By listing LUNC, Coinbase would reinforce its commitment to innovation, attract new users, and strengthen its competitive edge in the crypto market.

Massive Burn Alert: 413 Billion LUNC Gone Forever — Bull Run Incoming?

Since the collapse of Terra in May 2022, the Terra Classic (LUNC) community has remained steadfast in its mission to restore the network through consistent supply reduction. As of July 2025, a total of 413.35 billion LUNC tokens have been permanently burned, signaling strong collective action from both institutional and community-led initiatives.

Detailed Breakdown of the Burns
According to data from verified sources such as StakeBin, TerraFinder, and CoinMarketCap, the total burn is split into two major categories:

● 72.21 billion LUNC burned through on-chain mechanisms: This includes transaction-based tax burns, smart contract executions, and validator-led initiatives integrated directly into the blockchain infrastructure.

● 341.14 billion LUNC burned via wallet burns: Primarily executed by centralized exchanges, validators, and community wallets, this method involves direct transfers of LUNC to irretrievable burn addresses.

This two-pronged burn strategy reflects a balanced approach—leveraging both technical automation and voluntary ecosystem contributions.

A Community-Driven Model of Supply Reduction
Binance remains the largest single contributor to wallet burns, supporting the effort through its trading fee mechanism. Meanwhile, community validators and independent developers have continued to reinforce on-chain burns by implementing proposals that allocate a portion of staking and transaction fees to the burn wallet.

This level of transparency and execution places Terra Classic among the few blockchain projects actively managing token supply through community governance. The scale of the burn demonstrates not only accountability but also long-term alignment with LUNC holders seeking a return to economic value.

Looking Ahead
As Terra Classic moves toward further upgrades—including the anticipated launch of Market Module 2.0—the total burn count serves as a critical benchmark. It reflects both the past effort and future potential of a decentralized network striving to rebuild from the ground up.

With a 413.35 billion LUNC reduction already in place, the foundation for recovery is stronger than ever.

LUNC is not just recovering, it is strategically evolving.

Market Module 2.0 Could Be a Turning Point for LUNC—Join the Live Event

This Sunday, the Terra Classic community is invited to join a major live event that will shape the future of the network. The spotlight is on Market Module 2.0, a breakthrough development designed to enhance economic flow, increase protocol utility, and strengthen long-term sustainability.

Broadcasting live on YouTube via LuncDaily and X through LunaClassicNet, this special session will take the audience deep into the structure, purpose, and potential of Market Module 2.0. From key technical insights to blockchain impact, viewers will get a front-row seat to what many believe will be a cornerstone of the next Terra Classic evolution.

Whether you are a builder, investor, validator, or community supporter, this is your chance to understand why Market Module 2.0 is more than just an upgrade, it is a powerful step toward re-establishing Terra Classic as a serious force in decentralized finance.

Event Schedule
Date: Sunday, 13 July
Time : 3pm EST
Live on:
YouTube at LuncDaily
X at LunaClassicNet

The conversation starts here. The transformation starts now. Join us live and be part of a defining moment for Terra Classic.