USTCsurge

#ShutdownUSA
#USTCsurge
The ongoing US federal government shutdown represents a significant and escalating challenge to the nation's economic stability, a situation compounded by the uncertainty surrounding its immediate resolution. As of the current moment, multiple attempts in the Senate to pass funding legislation have failed, often falling short of the required 60 votes due to entrenched political disagreements, primarily centered on healthcare provisions. This continued legislative deadlock, with the House of Representatives largely in recess, means the prediction of a prompt reopening this week remains speculative, adding an unwarranted layer of volatility to economic forecasts.
$SOL
The economic ramifications of this prolonged fiscal impasse are multifaceted and intensify with each passing day. At its most immediate, a shutdown translates to a direct curtailment of government services and a halt in non-essential spending. Economists estimate that each week of the closure reduces US Gross Domestic Product (GDP) growth, with various analyses suggesting a weekly toll of between $7 billion and $15 billion in lost economic output. This GDP drag is not merely a theoretical loss; it stems from tangible disruptions across several sectors.
#ShutdownDay16
Central to the impact is the financial strain on the federal workforce. Hundreds of thousands of employees are either furloughed or required to work without guaranteed pay, a situation that erodes their personal financial stability and triggers a negative ripple effect through local economies. When paychecks cease, consumer spending—a major driver of US GDP—contracts. This involuntary cutback in household expenditure affects businesses, particularly small enterprises near federal hubs, leading to lost revenue and potential job losses in the private sector. Furthermore, the specter of unprecedented mass layoffs among federal workers, as discussed by the administration's budget office, introduces a new and severe element of uncertainty, potentially transforming a temporary disruption into a permanent blow for many families.
Beyond the direct government payroll and associated spending, the shutdown impairs critical economic functions. The temporary closure or reduced operation of federal agencies leads to delays in essential government services that underpin business operations and financial markets. Permits, loans, and other forms of federal approval for businesses are stalled, creating a bottleneck that hinders investment and project development. Moreover, the timely release of key economic data reports, which the Federal Reserve and financial markets rely on to assess the health of the economy and formulate policy, is often suspended. This information vacuum can impair market efficiency, complicate investment decisions, and heighten uncertainty, potentially leading to mispricing of assets and less-than-optimal monetary policy choices.
Crucially, the current shutdown is impacting core social safety nets. Warnings have been issued that a continued lapse in appropriations could jeopardize the issuance of full benefits for the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps, placing approximately 42 million vulnerable individuals at risk of food insecurity. Such a development would not only constitute a humanitarian crisis but also represent a significant demand-side shock to the grocery and agricultural sectors. Similarly, essential services like the management of national parks, air traffic control operations (due to staffing shortages), and crucial defense-related projects are experiencing escalating strains, highlighting the pervasive nature of the fiscal lapse.
#PowellRemarks
In essence, the US government shutdown operates as an artificial, self-inflicted headwind to an economy already navigating the complexities of inflation and a slowing job market. While the damage from past, shorter shutdowns has historically been recovered in subsequent quarters, the extended duration and unique administrative actions in this instance suggest the possibility of more permanent economic scarring. The protracted nature of the political standoff has transformed a manageable budgetary dispute into a material economic risk factor, underscoring the critical link between stable governance and sound economic performance. Resolving this appropriations crisis is not just a political imperative but an urgent economic necessity to restore predictability and support the foundational operations of the world’s largest economy.

🇯🇵 Japan Considers Regulatory Changes for Banks Holding Cryptocurrency
Japan’s Financial Services Agency (FSA) is reportedly exploring new regulatory frameworks that would allow traditional banks to hold and manage cryptocurrencies directly. Currently, Japanese banks face strict limitations when it comes to digital asset exposure, mainly due to concerns about volatility and cybersecurity risks.
Under the proposed changes, banks could be permitted to custody crypto assets or even offer related services, such as digital wallets or tokenized deposits, under enhanced oversight. The move aims to bridge traditional finance and blockchain technology, fostering innovation while maintaining financial stability.
Industry experts believe the new rules could strengthen Japan’s position as a leader in crypto regulation, promoting transparency and institutional adoption. If approved, this policy shift may attract more global crypto firms to the Japanese market and expand digital asset investment opportunities for local customers.

🌍💥 GLOBAL SHOCK: “FIRST LADY” DOLLAR COIN STUNS THE WORLD! 💰✨
In an unprecedented move, the U.S. Mint has unveiled the “First Lady” Dollar Coin, sending shockwaves through global financial markets. The coin, featuring a powerful depiction of the First Lady of the United States, symbolizes empowerment, leadership, and national pride. Analysts say this bold release could reshape the perception of American currency and spark renewed interest in collectible coins worldwide.
Demand for the limited-edition coin skyrocketed within hours, with collectors and investors racing to secure their pieces. Experts believe the coin’s value could surge due to its historic and cultural significance.
Beyond its economic impact, the “First Lady” Dollar Coin stands as a tribute to the role of women in shaping America’s history — a move that blends tradition with progress. 🇺🇸
#GlobalShock #FirstLadyCoin #USTCsurge #dollar #BreakingNews"

The Terra Classic community is currently at a critical juncture with the introduction of the $LUNC Dash Proposal, a transformative initiative aimed at redefining the role of USTC and shaping its future within the dynamic cryptocurrency market. This proposal seeks to reposition USTC to enhance its market relevance and mitigate the regulatory challenges it faces.
The Need for Strategic Transformation of $USTC
Following the collapse of the Terra ecosystem in 2022, USTC transitioned from being a stablecoin to a speculative asset. However, its current classification remains uncertain, posing risks to its continued presence on major cryptocurrency exchanges.
Key Factors Driving the Need for Change:
USTC is No Longer a Stablecoin: After its depegging from the US dollar, USTC has primarily functioned as a speculative asset rather than a stable medium of exchange.
Regulatory Uncertainty: With upcoming regulatory frameworks such as the European Union's Markets in Crypto-Assets (MiCA) regulation, there is a significant risk of USTC being delisted from major exchanges—including Binance—for users in the European Economic Area (EEA) by March 31, 2025.
Reclassification as a Memecoin: A potential shift towards branding USTC as a memecoin could help alleviate regulatory concerns while fostering a more community-driven and sustainable ecosystem.
Proposed Changes Under the LUNC Dash Proposal
The LUNC Dash Proposal outlines a comprehensive approach to reposition USTC:
1. Rebranding: The proposal suggests renaming TerraUSD (USTC) to Universal Standard Token Classic (USTC) to establish a fresh identity that reflects its evolving role in the cryptocurrency market.
2. Reclassification as a Memecoin: USTC would be officially redefined to align with its current market reality. This shift could create new opportunities for engagement and adoption within the memecoin sector.
3. Preservation of the USTC Ticker: The proposal advocates for retaining the existing USTC ticker to ensure continuity and preserve brand recognition among investors and the broader crypto community.
Implementation Strategy
To successfully execute these changes, the following steps will be taken:
Governance Vote: The Terra Classic community will have the opportunity to decide the future of USTC through a formal voting process.
Market Index Updates: Leading cryptocurrency data platforms such as CoinMarketCap and CoinGecko will be approached to update USTC’s classification in their market indices accordingly.
Exchange Engagement: Discussions with major exchanges, including Binance, will be initiated to prevent any potential delisting of USTC and to ensure continued liquidity and trading volume.
Potential Impact on Terra Classic and USTC
If the LUNC Dash Proposal is implemented, it could have profound effects on both USTC and the broader Terra Classic ecosystem:
Preserving Exchange Listings: Reclassification as a memecoin could enable USTC to remain listed on major exchanges, ensuring liquidity and accessibility for users.
Stabilizing the Terra Classic Economy: By maintaining USTC’s presence in the market, the Terra Classic ecosystem could experience enhanced resilience, which is critical for long-term sustainability.
Unlocking Growth Potential: A successful rebranding could reignite interest and engagement in USTC, positioning it as a promising asset within the memecoin space and driving new investment opportunities.
Community Decision: The Future of USTC
The future of USTC and the broader Terra Classic ecosystem now rests in the hands of the $LUNC community. The LUNC Dash Proposal represents a pivotal moment that could redefine USTC’s identity and solidify its place in the future of the cryptocurrency landscape.
Will USTC embrace this transformation and secure its future? The decision is yours to make.
#LUNC #USTCsurge #StablecoinSurge #BitcoinBounceBack

April 10, 2025 – A significant day is approaching for the Terra Classic ($LUNC ) and TerraClassicUSD ($USTC ) communities, as Do Kwon, co-founder of Terraform Labs, is set to appear at a U.S. court hearing. This session could play a critical role in shaping the ongoing legal proceedings stemming from the 2022 collapse of the Terra ecosystem. The outcome of the hearing may not only influence the trajectory of Kwon’s legal case but also have far-reaching consequences for the future of the Terra Classic network.

Legal Developments: Scrutiny on Ongoing Proceedings

The U.S. District Court in New York had previously delayed Kwon’s hearing at the request of federal prosecutors. However, recent reports indicate that additional delays may occur as authorities are actively collecting new evidence, potentially altering the timeline and scope of the trial.

Investor Compensation: A $442 Million Relief Fund

In parallel with the legal developments, Terraform Labs is taking steps to address the financial losses of investors impacted by the 2022 LUNA and UST collapse. The company has set aside up to $442 million for compensation purposes.

To qualify for compensation, claimants must provide proof of holding LUNA or UST during the collapse. This can typically be done by retrieving transaction histories from the platforms where the tokens were held. Notably, even users who received post-collapse LUNA airdrops are eligible for compensation, as they are considered affected parties. The compensation program is available globally, without restrictions based on geography or exchange.

Do Kwon’s Legal Status: Facing Fraud Charges

Kwon is currently facing nine fraud-related charges in the United States related to the estimated $60 billion collapse of the Terra ecosystem. He has pleaded not guilty, and his trial is scheduled to begin on January 26, 2026, with pretrial motions due by July 1, 2025. After being extradited from Montenegro in December 2023, Kwon remains in the U.S. as he prepares for trial.

Regulatory Environment: The Impact of Crypto Policy

As the legal situation unfolds, broader cryptocurrency regulation has once again become a focal point. Speculation has increased following former President Donald Trump’s recent decision to pardon the three BitMEX co-founders—Arthur Hayes, Benjamin Delo, and Samuel Reed—who had been convicted of money laundering. This move is seen by many as a potential indicator of a more lenient regulatory stance toward cryptocurrency under a future Trump administration.

In this context, some industry experts suggest that, should Kwon be cleared of charges, he could play a significant role in shaping the future of digital finance policy—especially given his early advocacy for decentralized finance and algorithmic stablecoins.

Looking Ahead: A Path Toward Recovery?

As both legal and financial matters continue to move toward resolution, cautious optimism is beginning to emerge within the Terra community. The resolution of ongoing lawsuits and the distribution of compensation could signal the beginning of a new chapter for the Terra Classic network—one rooted in greater transparency, enhanced community trust, and regulatory alignment.

In this evolving landscape, the outcome of Do Kwon’s April 10 hearing could be a defining moment for both the legal proceedings and the future of Terra Classic.