#Crypto Market News: Balaji Srinivasan, popular investor and the former Chief Technology Officer of Coinbase, is again in the news for his aggressive Bitcoin prediction. Earlier, the investor became a sensation with his bet over Bitcoin price reaching $1 million within 90 days. He made the prediction in March 2023, only to end up prematurely closing out the bet by paying $1.5 million in the first week of May 2023, accepting his loss. Meanwhile, the crypto #market has been witnessing a price correction phase as the US Fed’s rate hike uncertainty remains.

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LUNC News: The massive community that supported the defunct altcoin Terra Luna Classic (LUNC) and its broken stablecoin Terra Classic USD (USTC) is currently attempting to bring the network back to its original game plan. Terra, formerly a prominent blockchain that intended to compete with Ethereum (ETH) and stablecoins like USDT and USDC collapses in May 2022 which triggered a domino effect throughout the sector — thereby erasing $2 trillion worth of digital assets in the process.

Crypto Market: Although Elon Musk initiated several changes at Twitter since takeover, it was the brief Dogecoin logo swap that took the #crypto market by storm. While the very #news of Musk acquiring Twitter pumped $DOGE price in October 2022, the rally was short lived due to the FTX collapse impact. Despite the bear run dominating the sentiment, the memecoin stood benefited from Twitter takeover. Hence, after 6 months of the acquisition, DOGE might be well placed for further action in a much better environment.

The Terra Luna Classic community welcomed another project onto the network by approving a key parameter change proposal. The proposal will not only abroad this new project, but enable other projects to build on the Terra Luna Classic blockchain. Proposal 11477 “Increase MaxContractSize to upload code” submitted by TerraPoker to increase of key on Cosmos Wasm MaxContractSize to 819200 from 614400 is passed. This will allow the protocol to upload its contract on the chain and contribute to the LUNC burn campaign.

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