CZ:suggested supporting the Terra community by buying back and burning LUNA and UST, acknowledging the financial challenge. The decision to rename the coins to $LUNC and $USTC and list the new #LUNA on Binance likely involves strategic considerations by Terraform Labs, aiming to raise funds through the process. However, scrutinizing the company's intentions requires a closer look at their actions and potential impact on the Terra ecosystem.
190.9 BILLION $FLOKI TOKEN BURN ON SATURDAY BY 4PM UTC
The 190,918,585,431.84 $FLOKI tokens, which the #Floki DAO voted in favor of burning, will be burned on Saturday at 4 PM UTC!
This represents 2% of FLOKI's circulating supply and is currently valued at $31,501,567. Burning these tokens will remove them from circulation forever, ensuring the long-term security and stability of the Floki project.#floki community
BREAKING: #Binance burns 2.2 BILLION $LUNC for their February burn valued at $321,301 USD. 🔥
#Binance is the only major exchange in #Crypto that burns #LUNC monthly. Thank you @cz_binance and @_RichardTeng for supporting the #LunaClassic community since May 2022. #LuncBurn
Tomorrow is the scheduled burning of #LUNC from #binance 👈 The threshold of 100 billion burned #LUNC will also be passed tomorrow 🔥 #LUNA #USTC #crypto #shib #doge #bonk #pepe #meme #altcoins #altseason #bitcoin #ethereum #sol $LUNC
BREAKING: $LUNC proposal #12073 which would burn 800M $USTC through contract migration has passed and the burn complete.
This proposal blacklisted and burned the Risk Harbor multi sig wallet (as per props 11660, 11710, 11832) valued at $28,984,000. 💎🤲🏻 #Crypto #LUNC #LuncBurn
The Bitcoin halving is a fundamental event built into the Bitcoin protocol to ensure that its supply is limited and deflationary, contrasting with inflationary fiat currencies. By halving the reward for mining new blocks approximately every four years, the protocol ensures that the total supply of Bitcoin will approach 21 million but never actually reach it. This built-in scarcity is akin to digital gold, with many investors and enthusiasts believing it contributes to Bitcoin's value proposition.
### Historical Context
Historically, Bitcoin halving events have been closely watched by the cryptocurrency community, as they have preceded significant bull runs:
- **First Halving (November 2012):** The first Bitcoin halving reduced the block reward from 50 BTC to 25 BTC. The price of Bitcoin saw a significant increase in the following year, reaching over $1,000 in November 2013.
- **Second Halving (July 2016):** The second halving reduced the reward to 12.5 BTC. This event was followed by a monumental bull run that peaked in December 2017, with Bitcoin reaching nearly $20,000.
- **Third Halving (May 2020):** The reward dropped to 6.25 BTC. Subsequently, after a period of accumulation and increased institutional interest, Bitcoin's price soared to a new all-time high of around $64,000 in April 2021, followed by even higher peaks later in the year.
### April 2024 Halving and Predictions
the potential peak between mid-September 2025 and mid-October 2025. This prediction assumes that the market dynamics following the 2024 halving will mirror those of past cycles, with a period of accumulation following the halving, leading to a bull market peak over a year later.
It's essential to approach these predictions with caution. The cryptocurrency market has matured significantly, with increased participation from institutional investors, more extensive regulatory scrutiny, and broader public awareness. These factors could alter the impact of the halving on Bitcoin's price.
When you observe LUNC and UST flourishing while the largest market cap coins are not, it's crucial to analyze the question: WHY? Noticing that only 2 out of the top 4 are in the green today—LUNC and UST—prompts a deeper understanding. Asking yourself this question distinguishes between a gambler and an investor.