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The LUNC price has dived by over 45% from its highest point this week, a move that has erased millions of dollars in market value.

Summary

Terra Luna Classic token has crashed by over 45% from this week’s high. The crash happened as investors reacted to Do Kwon’s sentencing. A judge sentenced the crypto mogul to 15 years in prison. Terra Luna Classic (LUNC) token dropped to a low of $0.00004587, its lowest level since Dec. 5. It remains ~85% above its lowest level this month, making it one of the best-performing tokens in the crypto market this week.

LUNC’s crash has coincided with the ongoing drop in other similar tokens like Terra (LUNA) and USTC, which have erased millions of dollars in value.

Terra Luna Classic token has dropped after a judge sentenced Do Kwon to 15 years in prison, longer than the five years that his defense had requested. 

It was also longer than the 12 years that government prosecutors had recommended, citing the losses suffered by its holders, who lost over $40 billion.

At its peak, Terra operated two tokens, all of which collapsed in 2022, a move that accelerated the crypto crash that happened during the year. It was also a key cause of the FTX collapse during that year.

After the collapse, the community members took over LUNC and USTC, as Do Kwon and his team launched Terra 2.0, which he hoped would help stage a comeback, a move that has stalled since his legal issues emerged.

LUNC still has a vibrant community that constantly votes on proposals, with the ultimate goal being its recovery. It is also widely supported by Binance, the biggest crypto exchange in the world, which burns millions of Terra Classic tokens a month.

LUNC price technical analysis  Terra Luna Classic price chart |Source: crypto.news  The daily timeframe chart shows that the LUNC price jumped from this month’s low of $0.00002488 on Dec. 1 to a high of $0.00008055 on 6th. The rally happened ahead of Do Kwon’s sentencing.

LUNC token has now plunged as investors sell the news now that the sentence has happened. It has moved below the important support level at $0.000047, which was the neckline of the double-top pattern.

Therefore, the most likely LUNC price forecast is bearish, with the next key support level being at $0.00002488, its lowest level this month, which is ~45% below the current level. A move above below that level will point to more downside in the near term.

Why Is Terra Luna Classic (LUNC) Price Up Today? Binance Behind It!

Terra Luna Classic (LUNC) is seeing a strong price surge today, climbing around 24% to a high near $0.00004905 as traders rush back into the token. The sharp rally comes even as the broader crypto market remains flat, with Bitcoin hovering near $67,000.

The sudden rally has caught traders’ attention. But what exactly is pushing LUNC higher today?

Massive LUNC Token Burns Reduce SupplyOne of the biggest reasons behind today’s rally is large token burns. According to the Luna burn metrics, around 32 million LUNC tokens were burned today. This brings the total weekly burn to about 224.46 million tokens.

So far, about 85.58 billion LUNC tokens have been burned. That is nearly 19% of the total supply.

However, community-driven burns have been a key mechanism for restoring confidence in LUNC since its collapse in 2022.

Beyond the big burns today, LUNC also saw a sharp rise in trading activity. Its 24-hour trading volume surged 466%, reaching around $74.3 million,

Legal Action Against Jane Street Adds Attention Back to TerraAnother reason for the recent surge is fresh discussion about Terra’s past collapse. Reports say the SEC has started investigating Jane Street over possible market manipulation in stocks and crypto products.

The lawsuit alleges that the trading firm used insider information to front-run positions and intentionally trigger the depegging of TerraUSD on May 7, 2022. That collapse erased nearly $40 billion from the crypto market.

Some members of the LUNC community now believe the Terra crash may not have been only an internal failure, but possibly the result of an external attack.

At the same time, more people online are discussing Do Kwon. Some believe he made mistakes but did not plan a scam.

Despite today’s strong moves, LUNC remains far 100% below its historical peak of $117. 

Story Ends Here

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In brief Terra Luna Classic (LUNC) has jumped double digits on the day, up nearly 30% over the past two weeks. Open interest jumped from $100M to $160M as futures CVD signaled short-squeeze dynamics. Bitget's Lee says the legal narrative, not fundamentals, is driving renewed market attention. Terra Luna Classic (LUNC) has jumped double-digits over the past day, in a late reaction to this week’s lawsuit filed by Terraform Labs' bankruptcy administrator against trading firm Jane Street.

LUNC surged 15.5% over the past 24 hours and is up nearly 30% over the past two weeks, according to CoinGecko data. The sudden uptick was driven by spot buyers, with derivatives data showing open interest climbing from $100 million to $160 million, per Velo data. As the rally accelerated, futures' cumulative volume delta plummeted—a signature sign of a short squeeze in play.

The move has “thrust one of crypto's most infamous collapses back into the spotlight,” Ryan Lee, chief analyst at Bitget, told Decrypt, with traders betting that legal developments could shift market perception or potentially unlock value for legacy holders.

The Jane Street lawsuitThe catalyst traces back to Monday, when Terraform Labs' bankruptcy administrator filed a federal lawsuit in Manhattan alleging that Jane Street used non-public information to execute profitable trades that accelerated the historic 2022 collapse of TerraUSD and LUNA. The lawsuit claims the trading contributed to approximately $40 billion in losses.

The legal narrative has galvanized interest in LUNC, Lee said, adding that it has “reignited trader sentiment around accountability and potential compensation.”

He noted that some traders are positioning on the belief that positive developments in the case could shift market perception or unlock value for legacy holders. “Headlines about alleged insider trading and renewed scrutiny of one of the sector's largest historic losses have been correlated with short-term spikes in trading activity and price interest,” Lee said.

If spot-buying activity continues without the price dropping, the rally has a good chance of extending higher. However, Lee cautioned that the ultimate legal outcome remains uncertain.

“If the lawsuit progresses or generates clarity, it may continue to influence sentiment,” he added. “Conversely, any setbacks or dismissals could temper enthusiasm and re-expose LUNC to broader macro pressures.”

LUNC’s jump comes amid a broader crypto market bounce that has brushed off pessimism among traders—at least in the short-term. Users on prediction market Myriad, owned by Decrypt’s parent company Dastan, put a 42% chance on Bitcoin rallying to $84,000 rather than dumping to $55,000, up from lows of 27% on Tuesday.

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Terra Luna Classic (LUNC) Price Soared 30%: Why a Reversal May Follow

Terra Luna Classic [LUNC] surged 18.29% in 24 hours as trading volume jumped over 363% at press time, reflecting a sharp influx of market participation and aggressive trader positioning. This rise in activity showed that buyers stepped in with strong conviction rather than weak follow-through. 

As a result, the rally did not emerge in isolation but aligned with a surge in both spot and derivative interest. However, such rapid volume expansion often signals speculative inflows rather than stable accumulation. 

While price strength reflected growing interest, the pace of the move raised concerns about sustainability if participation failed to remain consistent across sessions.

Can LUNC break past key resistance levels? Price advanced from the $0.00045 support zone and pushed toward the $0.00058–$0.00062 resistance range, where previous rejection had occurred. This upward move followed weeks of consolidation, indicating that buyers had started to regain control over structure. 

As the LUNC price approached this resistance, it tested a critical supply zone that had historically capped upward movement. However, rejection wicks near this region showed that sellers remained active. If buyers sustained pressure above $0.00062, the structure would likely shift toward continuation. 

Otherwise, failure to break through could result in another rejection toward the lower range boundaries.

At the time of writing, MACD crossed above the signal line, while histogram bars turned green and continued expanding, signaling strengthening bullish pressure. This shift confirmed that buying interest had increased following a period of muted activity. 

Source: TradingView Are outflows quietly supporting the rally? Spot Netflows dropped to -$293.78K as of writing, showing that tokens moved off exchanges rather than into them. This outflow suggested that holders had opted to retain assets instead of preparing to sell. As a result, immediate sell-side pressure decreased, supporting the ongoing price recovery. 

However, the scale of outflows remained relatively modest compared to previous spikes, indicating that accumulation had not reached extreme levels. If this trend continued, it would provide a stronger base for sustained upside. Otherwise, weakening outflows could reduce support and expose prices to renewed selling pressure. 

Source: CoinGlass LUNC liquidations spike: Warning for bulls? Liquidation data revealed a clear imbalance, with long liquidations reaching $23.24K compared to $9.5K in short liquidations. This difference showed that bullish traders faced heavier losses during recent volatility. As price moved higher, leveraged longs appeared overexposed and vulnerable to sharp reversals. 

Such a dynamic suggested that part of the rally had relied on unstable positioning rather than strong underlying demand. If price fails to hold above resistance, further long liquidations could amplify downside pressure. 

However, if spot demand absorbed this leverage, the market would likely stabilize and support continued upside movement.

Source: CoinGlass To sum up, LUNC’s rally showed strong participation, but underlying signals remained mixed. While price strength and outflows supported the move, liquidation imbalance pointed to fragile positioning. 

If buyers maintained control above resistance, continuation would likely follow. Otherwise, rejection would expose the market to further downside pressure driven by leveraged instability.

Final Summary  LUNC rally showed strong participation, but liquidation imbalance revealed fragile bullish positioning underneath.  Outflows supported price stability, though resistance pressure would likely decide continuation or rejection. 

The crypto market is showing strong upward momentum, with Bitcoin hitting $80,000 and several altcoins such as Ethereum, XRP, Dogecoin, Zcash, and Terra Luna Classic (LUNC) posting notable gains today.

The Crypto Fear & Greed Index improved to neutral sentiment on rising CLARITY Act odds, robust ETF inflows, and early bull market predictions by analysts have triggered a rally.

Bitcoin Hits 80,000 amid Short Liquidations in XRP, Dogecoin, Zcash, and LUNC Bitcoin surpassed the key $80,000 level to hit a high of $80,596, rising almost 3% over the past 24 hours. It is supported by a massive 114% rise in trading volume.

The total crypto market cap climbed almost 2% amid institutional demand and strong spot Bitcoin ETFs inflows of around $630 million on the last trading day to signal renewed investor confidence.

White House crypto adviser Patrick Witt signaled advances for a long-awaited CLARITY Act, with lawmakers eyeing a markup in May following a stablecoin yield compromise.

According to a Reuters report on May 4, President Trump said the US will help stranded ships leave the Strait of Hormuz. Easing geopolitical tensions has reduced selling pressure and encouraged short squeezes.

The crypto market recorded over $302 million in short liquidations today. Bitcoin, Dogecoin, XRP, Zcash, and Terra Luna Classic (LUNC) saw massive liquidations. According to CoinGlass data, nearly 110K traders were liquidated, with a total liquidation of $370 million in 24 hours.

Top Experts Predict Further Upside Bitcoin retraces to trade at $79,845 after profit booking in the last few hours. The 24-hour low and high are $78,281 and $80,596, respectively. However, experts signal further upside in Bitcoin and broader crypto market.

Cypherpunk and Blockstream CEO Adam Back put the spotlight on BTC 200-week moving average surpassing $60K. On the weekly chart, Bitcoin flashes bottom signals as it continues to hold above the 10-year ascending trendline, which historically suggested the bottom.

#bitcoin 200wma passes $60khttps://t.co/h6D8LTnC8B pic.twitter.com/bG1z8SDWpZ

— Adam Back (@adam3us) May 4, 2026

As CoinGape reported earlier, Grayscale Research signaled Bitcoin bottomed in the $65,000-$70,000 range. The Bitcoin Bull Index also turned neutral for the first time in six months, per CryptoQuant research head Julio Moreno.

BIT (formely Matrixport) said investors make more returns by investing when sentiment is negative. The firm added that sentiment is high but still has room to run. BIT predicts further upside as long as the Greed & Fear Index trend higher.

10x Research said “Bitcoin just triggered the first of our bull market signals, and the medium-term technical picture is improving faster than most realize.” Two consecutive months of positive returns, rising ETF inflows, and funding rates point to a market with significant room to run.

However, Bitcoin options are flashing a slight warning, while Ethereum options are telling a more cautious story. Moreover, a divided Fed, overbought equity markets, and the US-Iran peace talks risks could impact the bullish thesis.

Bitcoin Flashes First Bull Market Signal. Source: 10x Research Dogecoin jumped more than 4% to extend the weekly rally to over 15%. It benefits from broader crypto market strength and X cashtags for Dogecoin, XRP and other crypto assets.

XRP reclaims $1.41 amid positive ETF flows, CLARITY Act markup hopes, and huge whale accumulations. As CoinGape reported earlier, XRP poised for a rally as on-chain data indicated supply shock on Binance.

Zcash (ZEC) and LUNC are recording massive rallies in the last few days, with Terra Luna Classic skyrocketed 60% over the past week. Endorsements from Grayscale’s Barry Silbert and Arthur Hayes’ $400 prediction for Zcash triggered further rebound.

Terra Luna Classic (LUNC) rocketed more than 7% today, currently trading at $0.0000924. Binance’s LUNC token burn, Software upgrade v4.0.1, and community-driven volatility continue to fuel positive sentiment.

LUNC Breakout Above Multiple Moving Averages If you’re looking to buy the dip in the crypto market across both centralized and decentralized lending models, check out our Best Crypto Loan Platforms of 2026 recommendations list.

Terra Luna Classic [LUNC] has rallied 9.22% in the previous 24 hours, with a 195% increase in its daily trading volume, according to CoinMarketCap data.

Speculative interest was blossoming, too. At press time, Coinalyze showed a 15% increase in Open Interest, a sign that traders were willing to bet on continued LUNC gains.

The altcoin also offered a stark contrast to the wider crypto market trends. Bitcoin [BTC] and Ethereum [ETH] were down 1.12% and 0.43%, respectively, highlighting LUNC’s relative strength.

Why is LUNC going up today? Social media sentiment behind LUNC appeared to be turning bullish because of the burn rates and staking amounts. In a post on X, a community channel drew attention to a 24-hour burn of 82,446,600 LUNC. This amounted to 0.0013% of the total supply.

Over the past week, the burn tracker counted a 367,070,050 LUNC burn, or 0.005%, with another 13.81% of the total supply staked. While these metrics looked encouraging, the price action was a far more compelling argument.

Source: LUNC/USDT on TradingView The $0.000072 resistance level had been in place from July 2025 to April 2026. It was breached earlier in May, and the breakout reached a local high of $0.000123 before retracing. The price of LUNC has been up in the past few days because of a bullish reaction from this former resistance, now converted to support.

Moreover, the Fibonacci retracement levels showed that the $0.0000688 was quite close to the highlighted horizontal support level, adding to its strength as a bullish base.

The technical indicators showed upward potential. The RSI had remained above neutral 50 during the retracement and has climbed higher following the bounce, showing momentum favored the buyers.

At the same time, the CMF climbed to +0.07, back above the +0.05 threshold that signals a sizeable capital inflow to the market. This demand could keep the uptrend going.

The $0.000123 and the 23.6% extension level beyond it at $0.000143 are the next bullish LUNC targets.

Final Summary Terra Classic rallied nearly 10% in the past 24 hours with a 195% increase in daily trading volume and a 15% spike in Open Interest, signaling bullish confidence. The $0.000072 area had been a multi-month resistance zone but had been converted to support earlier in May, leading to the past week’s gains.

June 6. Even after Terraform Labs founder Do Kwon got handed a 15-year prison sentence for triggering the $40 billion Terra collapse, the original, abandoned Terra Luna Classic (LUNC) chain hasn’t vanished. A core group of community members is still keeping the network running, holding out hope for one of the biggest comebacks in crypto history. According to reports, a key LUNC community member going by the name “Vegas” lost roughly $50,000 in the 2022 Terra meltdown. Since then, he’s stayed busy running validator nodes, voting on governance proposals, and coordinating with developer teams. He says despite years of infighting, fraud allegations, and even being falsely reported to regulators, he’s convinced LUNC has what it takes to claw its way back into crypto’s top 10 by market cap. After the 2022 Terra collapse, Terraform Labs hard-forked to launch a new Terra chain—while the original chain was kept around and rebranded as Terra Luna Classic. Soon after, the community group Terra Rebels took over network upkeep and rolled out a bunch of initiatives, like a 1.2% burn tax, to try and jumpstart the ecosystem. But fights over funding and governance led to Terra Rebels breaking up, with dozens of developers jumping ship one by one. Even so, the community is still pushing forward with projects like lending protocols, games, and meme coins, plus efforts to bring back the stablecoin peg. Data shows LUNC is up 17.3% over the last year, but it’s down 28.7% since 2022—meaning it’s plummeted 99.99% from its all-time peak of $119. Some LUNC supporters say the shared grief of the collapse has created a tight, family-like bond—so price isn’t the only thing they care about anymore. “What if we pulled off one of the biggest comebacks in crypto history? This feels like a last-ditch Hail Mary,” another community member added.

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Since Saturday, the 6th of June, Bitcoin has climbed 8.10% from a low of $59,500 to $64,318. The $64k area was a short-term supply zone.

But it is unclear if the bulls can flip it to support and continue their advance.

On the other hand, the altcoin market was up a slightly more modest 6.24% since last Saturday, but both Bitcoin and TOTAL2, which tracks the altcoin market capitalization, were in long-term downtrends.

By comparison, Terra Classic [LUNC] was up by 34% since last Saturday’s low. With a market cap of only $405.8 million, it can be argued that it requires less capital to move LUNC prices.

Another factor that helped explain the relatively stronger LUNC gains was the higher timeframe price structure. AMBCrypto reported that the Terra Classic trend was bullish after its rally to new highs in early May.

It had retraced to $0.000062 by the 6th of June, just above the $0.000054 level that was the 78.6% Fibonacci retracement. The developments since then have reinforced a bullish outlook on the price front.

LUNC bulls conquer local resistance zone, driving another 10% bounce Source: LUNC/USDT on TradingView The $0.0000688 area (cyan) had been a local resistance zone a week ago but has since been breached and retested as support. The subsequent price bounce has reached $0.000075.

This zone had been a support in mid-May and was likely to serve as resistance now.

Based on the higher timeframe LUNC trend, a rally to $0.0001-$0.000123 can be expected. Yet, traders should remain wary.

Sustained capital inflows are needed to drive a recovery. However, since the 7th of June, the spot trading volume on Binance has been falling.

A price bounce, even from key levels, on weak trading volume raised suspicion about bullish strength. A Bitcoin selloff can hurt LUNC’s progress, so traders should keep an eye on the leader’s trends, too.

Final Summary The Terra Classic bullish performance over the past week could be just the start of another upward impulse move. A stabilizing Bitcoin would aid LUNC’s bullish chances, but a BTC sell-off could leave a huge dent on the altcoin’s sentiment.

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An unique opportunity to Build on blockDAG: blockDAG is the next evolutionary step up from block-chain, able to achieve stunning throughput and low latency without sacrificing security and decentralization by enabling parallel block processing on the network instead of just one block at a time. True EVM Compatibility: any dApp that works on Ethereum just works on Taraxa, no need to learn new languages, frameworks, or tooling. Fast & Low-Cost: with peak throughput of 5k TPS, sub-second block times, instant block inclusion, and under 4-second finalization, working on Taraxa is fast & smooth, with each transaction costing next to nothing. True Finality: zero risk of transactions being reversed, Taraxa’s True Finality guarantees that when a transaction is finalized (under 4 seconds), it is finalized forever. Front-Running Prevention: Taraxa’s architecture and speed minimize and fragment the network’s mem pool, making it almost impossible and definitively unprofitable for DeFi transactions to be targeted for front-running. Supportive Community: Taraxa’s community is highly engaged and the development team is helpful to a fault. Not only will the user be building on a network backed by the best technology in the world, but he will also receive the full support, attention, and participation from Taraxa’s community! The upcoming Ficus Root Bridge in mid-2024 further strengthens the Taraxa ecosystem’s utility, asset diversity, and cross-chain liquidity. DeFi builders don’t have to worry about fragmented assets or liquidity, since they flow seamlessly between Ethereum and Taraxa. The bridge, coupled with Taraxa’s fast, low-cost and natively EVM-compatibility, make Taraxa a natural Layer-2 solution for dApps or consensus layer for rollups.

Developers can apply to the Taraxa Grant Program today and pitch their ideas on how to creatively leverage decentralization to solve problems!

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Tangem, a key cryptocurrency wallet, has revealed a major upgrade to its platform through the addition of more 8 networks to its ecosystem. The most recent networks added to its stable include Moonbeam, ZkSync, Base, zkEVM, Moonriver, PLAYA3ULL GAMES, Flare, and Taraxa. This move demonstrates the provider’s commitment to the helping its users to attain the latest technologies while meeting the unique demands of its broad user base.

We just dropped a major update! Our dev squad has been grinding hard to add 8 NEW NETWORKS to the mix. That's 🔥

Show some love and let them know how much you appreciate their hard work. Drop a reaction, comment, and share the hype!

And don't forget to update your app. You know… pic.twitter.com/LNlAfKA6jG

— Tangem (@Tangem) May 2, 2024 Tangem’s Crypto Wallet Bridges Global Access to Digital Assets Tangem’s crypto wallet is the most important connection between 8 billion people globally and the rapidly developing industry of digital assets. Based on the idea of creating digital assets quickly accessible, Tangem has successfully created its products utilizing a smartcard-based hardware wallet and an intuitive mobile app, amassing an extensive user base.

Having delivered goods to 170 countries, Tangem has become the world’s leading producer of cold hardware wallets for digital assets. Its product is safe and simple for people across the globe to use. Another essential characteristic of Tangem’s offering is the rapid deployment, as it takes users only 1 minute to set up their wallets.

Tangem’s Latest Update Demonstrates Commitment to Empowerment and Innovation The 8 new networks launched on Tangem’s platform constitute a big step towards more individual control of digital assets. Due to increased network compatibility and their product range enhancements, the company also solidified its position among the leading players in the cryptocurrency wallet market.

Lastly, with the expansion of the digital asset market, Tangem remains true to its commitment to offer its clients cutting-edge solutions that are simultaneously safe and simple to use . The most recent update is once again evidence of the company’s ambition to empower and a desire to be a global leader in the adoption of this technology.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Steven Pu, co-founder of layer-1 blockchain Taraxa, released a report on Feb. 24 highlighting a significant gap between claimed and actual blockchain performance.

Analyzing 22 networks using data from Chainspect, the study found that theoretical transactions per second (TPS) are overstated by an average of 20 times compared to real-world results. According to the findings, this discrepancy stems from lab-based metrics that fail to hold up on live mainnets.

The report introduces a new metric: TPS per dollar spent on a validator node (TPS/$), aiming to measure cost-efficiency rather than just raw speed. Across the 22 chains, theoretical TPS averaged 20 times higher than observed mainnet performance, with only four networks achieving double-digit TPS/$ ratios.

Pu argues this shows many blockchains require costly hardware for modest transaction rates, challenging claims of scalability and decentralization. 

“We should all stick with transparent, verifiable, on-chain performance metrics,” per the study.

Source: Chainspect Blockchain scalability questioned Pu’s findings suggest the industry’s focus on high TPS misleads stakeholders. Bitcoin (BTC) and Ethereum (ETH), for example, prioritize security over speed, while newer chains tout big numbers that rarely materialize. The TPS/$ metric could shift how developers assess networks for practical use cases like payments or supply chain tracking. The report states that,

Max observed mainnet TPS for included networks, across a 100-block window (tx/s)
It’s worth noting that Chainspect specifically excludes transactions that may unfairly inflate this Max TPS metric, such as voting transactions

Taraxa pushes for transparency Taraxa, a proof-of-stake layer-1 focused on audit logging, frames this as a wake-up call. Pu, a Stanford-educated entrepreneur, urges reliance on verifiable mainnet data over whitepaper hype.

This comes as the crypto space grapples with adoption hurdles. Inflated statistics could distort investment and development decisions, particularly in decentralized finance and supply chain use cases that demand reliable performance. Pu suggests that cost-efficiency metrics like TPS/$ could redefine how blockchain sustainability is evaluated, shifting focus toward networks that deliver practical value rather than just high theoretical speeds.

Taraxa Co-Founder Calls for New Metric to Combat Misleading Blockchain Performance Claims

An international education initiative, designed to train the next generation of blockchain developers, has announced that TRON and the Stellar Development Foundation are among the inaugural thirteen companies who will work collectively to provide skills and expertise for the benefit of the industry.

The Blockchain Education Alliance, which is headed-up by MouseBelt, a combined VC fund and design studio, unveiled its first members: and they include a number of well-known names from the space.

As well as TRON (TRX) and Stellar (XLM), other Alliance cryptocurrency companies include Hedera (HBAR), ICON (ICX), Wanchain (WAN), and Ontology (ONT). There are also commercial and development companies like Emurgo and ETC Lab. Other members include Harmony One, Nervos, Orbs, LTO Network, and NEM (XEM).

Education, Education, Education MouseBelt is an accelerator for brand-new startups – as well as blockchain initiatives for existing companies – that has a team of fifty engineers to build products for companies all around the world.

Ashlie Meredith, Director of MouseBelt University, told Crypto Briefing that the idea of an Education Alliance came about after realizing there was “…probably a lot of really good projects going on at universities because that’s where a lot of innovation happens”.

After talking to Presidents of Blockchain Societies in the US and Canada, MouseBelt found they were all “…saying the same thing”. Frustrated with the lack of educational resources available for blockchain development, students were mostly teaching themselves blockchain because the “slow and bureaucratic” universities took too long to develop accredited courses.

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MouseBelt began by offering sponsorship agreements for meetups at thirteen schools across North America, as well as some support for hackathons and conferences at the beginning of the last academic year.

“We started the university programme to sponsor their events and get a conversation going,” explained Meredith. But that has now extended into an alliance of sixty-eight schools in more than fourteen countries, with universities in Europe, Singapore and Korea offering courses in all aspects of the industry. Meredith herself runs a course in event management and engagement with other crypto-users.

MouseBelt is now talking to universities, getting them on-board with official courses. They have already signed official partnerships with engineering departments at three universities and are currently trying to establish a base in Latin America too.

With clear engagement from universities, the Education Alliance is intended to extend the availability and depth of courses. Meredith said courses on Solidity were frequently in demand and the aim is for companies actively involved in the space to connect with students, guiding them on the technology and even provide office hours or online seminars.

What do the Alliance members get out of it? Nikhil Saraf, Principal Engineer at SDF, said they were already working on devoting resources to the Education Alliance, as it complemented their existing initiatives to encourage developers into learning blockchain skills.

“At the end of the day we’re building a community”, he said, “…and with this alliance we can get more students involved and teach them best practices on blockchain and how to develop on Stellar.”

Although SDF has not clearly articulated what its role in the Alliance will be, they did not see its purpose as recruiting programmers. Saraf mentioned that they were interested in the positive benefits it would bring to the whole space.

That said, he hoped it would make Stellar relevant to the next generation of blockchain developers; and they would be open to beginning conversations with promising projects.

“We want them to do their thing with that knowledge, hopefully on Stellar,” he added.

Kicking off this week, the new Education Alliance just had their first virtual meetup – an event that members are expected to attend to help coordinate the direction of education.

Although every company will be looking to take something slightly different from the Alliance, Meredith said that they wanted members who cared about “…the ethos of what blockchain is trying to do”, whether that’s through data privacy or financial sovereignty.

Disclosure: This article was edited by Paddy Baker. For more information on how we create and review content, see our Editorial Policy.

TRON, Stellar Join Mousebelt’s Blockchain Education Alliance to Train Student Developers

Mastercard, Binance X and Ripple's Xpring Join the Blockchain Education Alliance

IBM deploys Watson, one of the most powerful AI supercomputers on the planet, in collaboration with cutting-edge blockchain start-ups in order to address the challenges presented by data collection and interpretation for the smart cities of tomorrow.

The internet of things (IoT) brings together a myriad of connected devices (more than 25 billion devices and growing exponentially). Innovative technology is beginning to allow us to harvest the data from sensors that can give us vital information on sectors as diverse as animal husbandry, health, water quality and waste management.

‘Smart cities’ are where this vast array of data will be interrogated in order to improve efficiencies, use energy in a smarter way and improve the quality of life of those who dwell in our cities. The internet of environments focuses on the infrastructure of our smart cities and how sensors can be used to improve health and make deep cost savings in energy use.

These sensors can adjust the lights in a building, turning them off or dimming them due to actual room usage. Heating can be optimised based on outside weather conditions. Sensors can also detect the number of particulates in the air such as micro-dust and give readings on pollution levels and other levels that might be injurious to health.

This is a space ripe for innovation and therefore IBM is deploying money and resources towards making it the foremost player in this new and cutting-edge sector. Also, the world of Blockchain/Cryptocurrency joins forces by offering its own unique solutions that dovetail perfectly with the traditional tech giant.

So what is this innovative solution offered by IBM’s Watson and the world of crypto?

Blockchain startups combine to support IBM visionProbably the overriding challenge with governing the plethora of data produced from smart cities is that of data security and confidentiality.

As IBM has sought to become the main AI provider for smart cities and the circular economy, it has looked to bring in other innovative companies to work alongside it. Blockchain has emerged as having the perfect requirements of transparency and security that can link with the massive AI capabilities that IBM brings to the table.

The Dutch Blockchain space provides IBM with just the right mix of flexibility and security which can bring successful smart cities and the internet of environments to successful fruition. 

V-ID comes from an already successful security business before their venture into Cryptocurrency and Blockchain. Their system works by making a digital fingerprint of any file and then transferring that fingerprint to the Blockchain. The file can then be verified at any time and certified as the original file either by using V-IDs online verification service or by making use of an API, all in a matter of seconds.

The company already has around 20 clients. Prominent names such as Airbus Defence and Space, Krohne and Amspec help to give V-ID the credentials and validity needed to take it from being a successful blockchain startup to collaborating with one of the biggest names in business technology.

V-ID has recently fitted the very first Internet of Environments sensor on the rooftop of IBM’s HQ in the Netherlands. V-ID’s system will ensure that the data emanating from the sensor is from a trusted source. Bad actors would have a lot to gain from manipulating this data for their own purposes e.g. massaging specific pollution figures in order to not have to take action on them or by falsifying temperature data so as to cut costs on heating etc.

Netherlands based LTO Network adds another important element to the IBM/Blockchain collaboration. It is already working with IBM on another venture, which streamlines small criminal cases for the Dutch penal system. The LTO Network provides an extremely fast permission-less hybrid blockchain which is secure, cost-efficient and which ensures GDPR compliance.

The fact that the LTO Network offers a ‘hybrid’ blockchain makes it a perfect fit for treating sensitive data. The data itself is kept on its own private chain but the consensus is done on the public blockchain — thereby providing the best of both worlds of speed and security.

The V-ID verified files are time-stamped and anchored on the LTO blockchain. The addition of a hash means that these files are now unable to be interfered with thereby guaranteeing and securing the entire system.

ChallengesIBM is obviously a huge and established, globally recognised player, not just in the embryonic internet of environments but also across an incredibly diverse field of tech sectors. Both V-ID and LTO Networks are tiny minnows in comparison and being able to survive in the highly volatile world of Crypto and Blockchain is by no means assured. A secure revenue stream is vital for both.

In addition, such a new and innovative venture will take time to come to fruition. There will be competitors who are looking for a piece of the action and some might have deeper pockets. IBM’s current blockchain partners will need to maximise their first-mover advantage and continue to impress the tech giant with what their platforms can offer.

The Internet of Environments into the futureOnce successful trials are completed, it can be imagined that IBM and its Dutch blockchain partners will start the rollout of sensors across the cities of the world. It sounds like quite some undertaking and much research will need to be done on the best ways of capturing and implementing the data.

It really is fascinating to see how Blockchain is providing such a unique use case for the futuristic notion of the Internet of Environments. The thorny issue for most companies of compliance with GDPR is elegantly taken care of by the V-ID/LTO Network solution and if scaling has the same level of success then the sky is the limit.

Circular economies are environmentally friendly eco-systems where business can be done in a sustainable way. The Internet of Environments is not a buzz phrase — it offers a way to live by minimising the impact on our surroundings. IBM and their blockchain collaborators are looking to provide another important piece towards the sustainable planet of the future and so I will be looking forward to hearing/writing about a sector on which little has been widely published.

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LTO Network, a Layer-1 project focused on Real-World Assets (RWA), has announced a partnership with DWF Labs. It is a new generation market maker and investment firm. This partnership aims to bring DWF Labs’s innovative market-making solutions to enhance LTO Network’s capabilities.

Thrilled to share about our partnership with @TheLTONetwork 🔥

We will support their team's operations as they expand in the rapidly growing RWA and tokenisation sectors – offering increased token access and value through additional exchanges.

We look forward to supporting… https://t.co/6GD265QTM2

— DWF Labs (@DWFLabs) June 13, 2024 DWF Labs to Aid LTO Network’s RWA and Tokenization Efforts This is expected to enhance LTO Network’s working capital and at the same time expand the business relations between the two firms. As for LTO Network, they expect that DWF Labs will contribute significantly to the operations of their network, notably during the development of RWA and tokenization.

The current experience from DWF Labs will enable LTO Network to provide more Token access by listing across various platforms thereby increasing token value from other partnerships and network usage particularly in Asia region.

Andrei Grachev, the Managing Partner of DWF Labs, shows interest in the partnership, taking note of the special strengths of LTO Network in the use of blockchain technologies. He added that LTO Network and their specific blockchain solutions drew their interest.

They are now eager to participate as their partner to watch them take the lead in arguably one of the most promising and emerging frontiers of the crypto space – RWAs. There are several areas that will be highly receptive with the things that LTO has in store for them and they will all contribute towards the realization of these goals. These two firms are keen to act immediately to unveil their partnership for the betterment of web3 world.

LTO Network CEO Lauds DWF Labs’ Crypto Industry Expertise The LTO Network’s CEO, Rick Schmitz, also has faith in cooperation. He said that over the two years it has been in operation. DWF Labs is now among the most recognized firms in the crypto industry. Their experience and assistance will assist in achieving the vision and objective to be the RWA-focused Layer-1 blockchain platform.

This partnership is a big leap especially for LTO Network. They plan to rise their position on the market and penetrate the fast-emerging market of Real-World Assets. This is expected to enhance the liquidity of the company, more listings on the exchange, and strategic partnership especially in Asia through DWF Labs.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

EQTY Lab has announced the launch of Verifiable Governance and Sovereignty solution for agentic AI on Hedera.

Summary

EQTY Lab to enable verifiable AI governance for agentic systems on Hedera. The platform, which taps into Nvidia architecture, is collaborating with Hedera Foundation. Solution targets accountability and privacy-enhancing automation with AI. The initiative is a collaboration between EQTY Lab and Hedera Foundation, the entity helping to develop the Hedera (HBAR) blockchain network, the firms said in a press release. 

With agentic AI a rapidly expanding ecosystem, the integration of EQTY Lab’s verifiable governance solution is a key milestone, particularly as it brings AI governance onchain. The framework will tap into Hedera’s enterprise blockchain and EQTY Lab’s AI Guardian solution enable greater observability and enforcement compute policies on AI agents.

Verifiable AI governance on Hedera The tool runs on NVIDIA’s DGX Cloud and supports immutable verifiability, accountability and agentic AI provenance. Rollout brings these capabilities to sectors such as government, public safety, and critical infrastructure.

“This collaboration demonstrates an important advancement in accountability and privacy-enhancing automation with AI. By fusing verifiable compute and multi-agent orchestration with a root-of-trust in NVIDIA’s trusted execution environments, we are enabling governments to deploy agentic systems with new levels of integrity and security,” said Jonathan Dotan, founder and chief executive officer of EQTY Lab. 

To help bring verifiable governance to users across automated and human workflows, EQTY Lab anchors agentic orchestration tooling to the Hedera Consensus Service. It means hardened proofs for all agent and human-supervised actions, with this set to further accelerate trusted AI adoption.

“Hedera Foundation is committed to strengthening public trust in advanced AI innovation through its partners. This solution offers a new system of record for mission- critical AI workflows,” said Paul Rapino, senior vice president of enterprise business development at HBAR Inc.,  a subsidiary of Hedera Foundation focused on tokenization, decentralized finance, and AI.

EQTY Lab says the solution will boast key features such as blockchain registration, multi-agent sovereign workflow and NVIDIA GPU architecture.

Hedera Powers New Verifiable AI Agent Governance System for Governments and Enterprises

Chainlink’s CCIP Aims to Bring Blockchain Privacy For Financial Institutions

The deployment aims to connect tokenized funds with Plume’s RWA investors.

Plume – a blockchain focused on real-world asset finance (RWAfi) with $159 million in total value locked – announced Thursday that tokenization platform Securitize will deploy institutional-grade assets on its Nest staking protocol.

Nest currently holds over $39.5 million in distributed assets, down nearly 30% over the past month, according to RWAxyz. The upcoming deployment will connect Securitize’s tokenized assets with Plume’s network of roughly 280,000 RWA investors, according to a press release viewed by The Defiant. Securitize also tokenized BlackRock’s BUIDL fund – the largest RWA product with over $2.5 billion in assets.

The deployment onto Nest will start with Hamilton Lane funds and expand throughout 2026 to include additional issuers and asset classes. The fund is targeting $100 million in capital, the release noted.

The move highlights how RWA and decentralized finance (DeFi) projects are increasingly exploring compliant ways to bring traditional assets on-chain for trading, staking, and other DeFi use cases.

As part of the initiative, Solv Protocol, a Bitcoin finance platform with over $2.8 billion in assets, will invest up to $10 million in Plume’s RWA vaults. Users can trade and stake these assets on Plume, which is backed by Apollo Global Management, while keeping them under Securitize’s regulated framework.

“Bitcoin’s role is becoming the foundation for real, yield-bearing capital markets,” said Ryan Chow, co-founder and CEO of Solv Protocol. “As regulated on-chain markets emerge, Bitcoin will underpin a new generation of yield, credit, and liquidity infrastructure, where demand for yield-bearing Bitcoin with RWA-backed yields replaces passive treasuries as the next phase of institutional adoption.”

The deployment will also utilize Bluprynt’s Know-Your-Issuer (KYI) system to verify assets and issuers.

The move comes a little over a month after Plume announced it would be acquiring Dinero, the developer of a liquid staking protocol on Ethereum. The deal added institutional staking products for Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) to Plume’s platform, The Defiant previously reported.

Earlier this year, Plume also partnered with World Liberty Financial (WLFI), a DeFi project with ties to President Donald Trump, to make USD1 the official reserve asset for its native stablecoin, pUSD.

Plume’s native token (PLUME) is down 5% in the past day, per CoinGecko data.