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Binance Makes Changes To 1000LUNCBUSD Perpetual Contract According to an official announcement on June 1, crypto exchange Binance to delist the USDⓈ-M 1000LUNCBUSD Perpetual Contract  on June 8 at 09:00 UTC. The exchange will close all positions and automatically settle the 1000LUNCBUSD perpetual contract. advertisement Moreover, Binance has revised leverages and margins for the USDⓈ-M 1000LUNCBUSD Perpetual Contract from June 1. Users are requested to adjust the position and leverage in order to prevent any potential liquidation related to the 1000LUNCBUSD Perpetual Contract. Binance has significantly reduced leverage for positions, with a notional value of 0 to 100,000 BUSD. Users trading USDⓈ-M 1000 LUNC BUSD Perpetual Contract with 0 to 5000 positions are most impacted, with leverage reduced to 9-10x from 11-20x. The crypto exchange claims the changes will protect users and prevent potential risks amid the volatile market c...

This will be a major boost for the community’s plan related to LUNC and USTC revival. The community looks for a short-term target of $0.0005 and a long-term target of $1. advertisement Terra Classic Network To Undergo Major Upgrades After core developers professor Edward Kim and Tobias “Zaradar” Anderson left the Joint L1 Task Force developer group, the community speculates whether the new developer team can pull off the responsibilities of Terra Classic and meet targets. Joint L1 Task Force project manager LuncBurnArmy in a medium post on April 29 revealed the updated timeline for the Q2 roadmap and milestones. The developer team targets the v2.0.0 mainnet network upgrade on May 17. A proposal will be published on agora for voting to complete the upgrade on time. While only a few validators have agreed to join the testnet, the developer team plans to conduct the Cosmos SDK upgrade and Tendermint upgrade the Rebel-2 testnet. ...