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International oil prices remained volatile, with US crude oil holding above $69. A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.Spot gold and silver prices continued to fluctuate. A chart provides a quick overview of the pre-market prices of precious metals, converted between domestic and international markets.As of 8:30 AM Beijing time, spot platinum was down 0.11% and spot palladium was down 0.03%.Data shows that two Japanese-owned supertankers are carrying Saudi crude oil toward the Strait of Hormuz, preparing to leave the Gulf region.Futures News, July 7th - According to foreign media reports, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open higher on Tuesday morning, following gains in the Chicago soybean oil market. High temperatures and dry weather in the US Midwest, potentially unfavorable for soybean crop growth, have boosted the Chicago soybean and soybean oil markets, which will likely support the early performance of Malaysian crude palm oil futures. A weaker ringgit, making it cheaper for buyers holding foreign currency to purchase palm oil, also supports palm oil prices. International crude oil futures fell on Monday, closing near pre-war levels. However, Brent crude futures rose modestly during Tuesdays electronic trading session. The Malaysian Palm Oil Board will release June palm oil supply and demand data this week. A survey indicates that palm oil stocks at the end of June may rise to their highest level for this time of year on record, as production growth has outpaced demand growth.

Terra Classic Price Predictions: Where Will LUNC Go After Major Rally?

Cory Russell

Sep 02, 2022 14:33

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Terra Classic is one of the cryptocurrencies that has angered the crypto community this year (LUNC-USD). The Terra blockchain, which formerly hosted algorithmic stablecoin UST, has since abruptly imploded. Even yet, given this coin's spectacular return, investor interest in Terra Classic price forecasts is still quite strong.


As the network's development staff seemed to have abandoned the Terra community, Terra Classic fell as low as $0.00001675, or a quarter of a cent. Today, this currency increased by almost 55%, reaching $0.00028. (only three zeros rather than four). This occurs when the Terra community experiences an improvement in investor sentiment as a result of news about weekly token burning.


Unlimited coin issuances made to maintain Terra Classic's old UST stablecoin have been one of the main causes of its sharp drop. However, now that Terra Classic has left the algorithmic stablecoin game behind, developers have proposed token burn strategies to address the inflation problem.


Notably, the Y5 cryptocurrency exchange said this week that it would support the implementation of these weekly token burning. A 1.2% effective tax on all transactions will be burnt, reducing the market's supply of LUNC. This is advantageous for LUNC cryptocurrency investors.

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