1. Blast has distributed 10 million Blast Gold to BIG BANG winners and mainnet Dapps

OKX market data shows LUNA has broken through 1 USDT and is currently trading at 1.0457 USDT, with a 24-hour increase of 11.52%. Earlier news reported that Do Kwon, co-founder of Terra, has been released and is awaiting extradition decisions from the Supreme Court.

The US Securities and Exchange Commission (SEC) has begun an investigation into whether Jump Crypto CEO Kanav Kariya signed a secret agreement with Do Kwon of Terraform Labs during the collapse of stablecoin TerraUSD. As part of the SEC's civil lawsuit against Terraform Labs, SEC lawyer Devon Staren dismissed Kanav Kariya in August, stating that Kwon and Kariya signed an agreement on May 23, 2021 (a few weeks after UST decoupled), in which Jump would help restore the UST peg by purchasing tokens. In exchange, Kwon allegedly agreed to modify Jump's LUNA loan agreement and cancel the exercise conditions. Kanav Kariya declined to answer the question.

Terra's cryptocurrency LUNA faced a decline in popularity and bearish indicators in June, which continued into Q3 despite promising developments and governance updates. The release of Warp Protocol, plans to go interchain, and the passing of two governance proposals in Q2 did not prevent LUNA's price from plummeting due to negative sentiment and declining social volume. As Terra's Open Interest rises, the declining trend may persist. 

Terraform Labs is facing obstacles in the development of its projects due to frequent accusations, according to the new interim CEO Chris Amani. Amani discussed the challenges ahead for Terra in a recent Twitter Spaces event, noting that the accusations against former CEO Do Kwon have disrupted the company's momentum.

Binance, the world's largest cryptocurrency exchange, has announced its support for the Terra (LUNA) Phoenix v2.4 software upgrade. The upgrade is expected to take place on July 18 at 13:00 UTC and Binance will suspend LUNA deposits and withdrawals an hour before the upgrade.

The Terra Luna Classic community has voted to increase the LUNC burn tax due to the falling price of LUNC. Despite rejecting previous proposals, Terra Classic influencers have hinted at plans to restore the LUNC burn tax to its initial level in June. However, Binance CEO "CZ" may need to be convinced as Binance has warned to revoke its LUNC burn mechanism. Binance has now added support for LUNA and Terra Classic on its platform to meet the growing demand for cryptocurrency trading.

Do Kwon, co-founder of Terraform Labs, has entered a plea of not guilty in a Montenegrin court after being charged with forging his passport and travel documents. Kwon and his former colleague, Chang-joon Han, were arrested at the airport in Podgorica while attempting to travel to Dubai. Their lawyer has requested bail at €400,000 each and proposed house arrest in Montenegro. Kwon is currently under investigation in the U.S. and South Korea, and if found guilty of falsifying his documents, he may have to serve his prison sentence in Montenegro before being extradited. Meanwhile, Terraform's co-founder Shin has been charged with violating capital markets law in South Korea, fraud, and embezzlement in connection with the crash of TerraUSD and Luna. South Korean prosecutors have frozen assets worth approximately $184.7 million tied to Shin and other individuals, and his first trial is scheduled for May 26, 2023. South Korean prosecutors believe that investigating the case in South Korea is the most effective way to bring justice, as most key accomplices and evidence linked to the Terraform incidents are based there. This week, South Korea also froze assets and properties worth $176 million belonging to Kwon, another individual involved in the case, and a South Korean court has banned the sale of Kwon's house, cars, and financial assets, including cryptocurrencies on cryptocurrency exchanges.

Do Kwon, co-founder and former CEO of Terraform Labs, has had over $176 million worth of personal assets frozen as part of ongoing criminal proceedings. The Chief Judge of the 12th Criminal Division of the Seoul Southern District Court has prohibited the sales of Kwon's apartment complex, officetel, and imported cars, as well as the disposition of his financial assets. Kwon was arrested in March and charged with falsifying documents, and both South Korean and U.S. authorities are seeking his extradition. Prosecutors allege that Kwon converted illicit funds from LUNC to Bitcoin and have identified $314.2 million in illicit assets.

the LUNA network, which is part of the LUNA ecosystem, has upgraded its testnet to version 2.0.0. The upgrade includes a range of new features and improvements, including enhanced security and performance, as well as new tools and resources for developers.