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Japan bought 165.68 billion yen in foreign bonds in the week ending July 4, compared with 18.28 billion yen in the previous period.Foreign investors bought 611.7 billion yen of Japanese stocks in the week ending July 4, compared with 651.3 billion yen in the previous week.July 10th, a report from S&P Global Market Intelligence showed that German companies are most optimistic about the economy since early 2022, and plan to increase investment for the first time in two years. In its June "German Business Outlook," S&P said that companies emphasized that an upcoming increase in public spending, coupled with technological advances, is expected to support a broader economic upturn in the next 12 months. The report also showed that for the first time since June 2023, the number of companies planning to increase capital expenditures and research and development spending exceeded those expecting cuts. "German companies are gradually regaining confidence," said Phil Smith, deputy director of economics at S&P. However, he added, "The current geopolitical backdrop means that companies overall remain cautiously optimistic about the outlook and will never completely relax spending."July 10th, local time on July 9th, Ukrainian President Zelensky met with US Special Envoy for Ukraine Kellogg in Rome, Italy. Kellogg was a member of the US delegation to attend the International Conference on Ukraine Reconstruction held in Rome, Italy from July 10th to 11th. Zelensky said that the two sides discussed issues such as purchasing US weapons, conducting joint defense production, localizing weapons production in Ukraine, and sanctions against Russia. Previously, US President Trump promised to provide Ukraine with additional weapons.July 10, the Russian Ministry of Defense issued a war report on the 9th, saying that the Russian army carried out a cluster attack on the infrastructure of Ukrainian military airports. Ukraine said on the same day that Russia launched a new round of large-scale attacks on multiple Ukrainian cities. The Russian Ministry of Defense issued a war report saying that in the early morning of the 9th, the Russian army used long-range air-based high-precision weapons such as "Dagger" hypersonic missiles and long-range attack drones to carry out a cluster attack on the infrastructure of Ukrainian military airports. The strike target has been achieved and all established targets have been destroyed. The Russian air defense system shot down 9 guided air bombs, 4 US-made "HIMARS" rockets and 226 drones.

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.