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On August 22, Iranian Foreign Ministry spokesman Baghae said that the United States announcement of new economic sanctions against Iran goes far beyond an ongoing illegal "economic war" against a single country and has no basis in international law. Baghae posted on social media early on August 22 that such sanctions violate the principle of sovereign equality in the UN Charter. This "economic coercion that forces a sovereign state to change its legitimate policy choices" constitutes a completely illegal act.On August 22, it was reported that on August 21, the foreign ministers of eight countries—Egypt, Jordan, the UAE, Indonesia, Pakistan, Turkey, Saudi Arabia, and Qatar—issued a joint statement condemning Israels continued illegal settlement policy in the occupied Palestinian territories and firmly opposing the "E1 Block" settlement plan and related settlement activities in East Jerusalem. Israel occupied East Jerusalem and parts of the West Bank during the 1967 Six-Day War and has been building Jewish settlements there. On August 18, the Israeli government issued a tender notice for 1,234 housing units in the "E1 Block" settlement project. In August 2025, Israeli Finance Minister and far-right politician Smothrich claimed he planned to approve the construction of 3,401 housing units in the "E1 Block," aiming to "destroy the Palestinian state concept."On August 22, US President Trump, speaking to supporters in Myrtle Beach, South Carolina, stated that the US hadnt built a new car factory in 40 years, and now more factories are under construction than ever before. Trump also said, "My favorite word is tariff, but it gets attacked by the fake media. They say if tariff is my favorite word, then what about God? What about religion? What about your wife, your children? Your family? So I put tariffs in fifth place... Now I have no problem with the media." Trump also mentioned that last month, US inflation fell at its fastest pace in years, and the number of employed Americans is now higher than at any time in US history.U.S. Energy Secretary: Oil flows smoothly through the Strait of Hormuz thanks to the protection of the U.S. Navy.US President Trump: We will never let Americans fall behind, because we prioritize America.

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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