Story Highlights – Terra Classic v2.4.2 upgrade to primarily introduce IBC-Hooks passed by the community.- All validators including Allnodes, Orion, Interstellar Lounge, Stakely, and HappCattyCrypto voted in favor of the proposal.- Singapore-based crypto futures trading platform WEEX has announced the listing of LUNC spot and futures pairs Terra Luna Classic is all set for another major chain upgrade as the community has unanimously approved the proposal, receiving major support from validators.Terra Classic v2.4.2 upgrade to primarily introduce IBC-Hooks that will enable onboarding of [dApps](https://coingape.com/glossary/decentralized-applications-dapps/) on the Terra Luna Classic, with mostly notably Enterprise DAO.Terra Luna Classic v2.4.2 Upgrade Proposal Officially Passed Software upgrade proposal “Upgrade v2.4.2” has surpassed the pass threshold, grabbing major support from Terra Luna Classic validators and the community to update the terrad client to v2.4.2 (upgrade name v7).Terra Luna Classic chain will be halted at block height 17309000.
It is expected at 16:00 UTC on March 25, as per StakeBin [data](https://terraclassic.stakebin.io/terra/tools).The proposal received 100% “Yes” votes from the LUNC holders and validators.All validators including Allnodes, Orion, Interstellar Lounge, Stakely, and HappCattyCrypto voted in favor of the proposal.The unanimous support indicates the significance of the proposal.
There are several changes after a discussion in the community as every proposal before voting has to undergo a discussion period of a week.The major changes are package-forward-middleware (PFM) removed from mainnet release and minimum initial deposit addition.
Other details on the proposal are as reported earlier by CoinGape.Thus, the key [Terra Classic upgrade](https://coingape.com/terra-luna-classic-next-big-upgrade-will-futures-backs-lunc-price-to-0-0005/) will have the following developments: Recommended Articles – Introduction of IBC-Hooks (by Genuine Labs and Fragwuerdig) – E2E and Interchain Testing Suite (by Genuine Labs) – A fix regarding the processing of MsgExec in Tax Ante Handler (by Fragwuerdig) – Introduction of IBC-Hooks (by Genuine Labs and Fragwuerdig) – Add tests for MsgExec handling by StrathCole – Fix minimum initial deposit handler by Frag and StrathCole Terra Luna Classic community has also approved Genuine Labs’ major security upgrade proposal updating key components to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0.Read More: [Terra Classic Genuine Labs Proposal Officially Passed, LUNC Burn Rate Skyrockets](https://coingape.com/terra-classic-genuine-labs-proposal-officially-passed-lunc-burn-rate-skyrockets/) LUNC Spot and Futures Listing Singapore-based crypto futures trading platform WEEX has announced the listing of LUNC spot and futures pairs.
Users can trade LUNC/USDT futures and LUNC/USDT spot on March 11.[LUNC price](https://coingape.com/price/terra-luna-classic/) jumped 1% in the past 24 hours and 4% in a week, with the Terra Luna Classic price trading at $0.000190.The 24-hour low and high are $0.000178 and $0.000198, respectively.
The trading volume has dropped further by 4%in the past 24 hours.[USTC price](https://coingape.com/price/terraclassicusd) also leaped 1% in the last 24 hours.
The price currently trades at $0.0350, with a 24-hour low and high of $0.0331 and $0.0360, respectively.Furthermore, trading volume has increased by 4% in the past 24 hours.Also Read: [Mudrex Offers Indian Retail & Institutional Investors Access to US Spot Bitcoin ETFs](https://coingape.com/mudrex-offer-us-bitcoin-etf-retail-institutional-investors-india/) [BTC Price Breaches Above $72K As CME Futures OI Reaches Record $11 Billion](https://coingape.com/bitcoin-btc-price-breaches-above-71k-eth-new-high/) [Hong Kong to Launch Spot Ethereum ETF Before US, 10 Firms Unveils Bitcoin ETF Plan](https://coingape.com/hong-kong-to-launch-spot-ethereum-etf-before-us-10-firms-unveils-bitcoin-etf-plan/) [Tether Announces USDT Launch on EVM-Compatible Celo](https://coingape.com/tether-announces-usdt-launch-on-evm-compatible-celo/) [Michael Saylor Says Bitcoin Will “Eat” Gold, Emerging as Top Asset, Price Surges Over $72k](https://coingape.com/michael-saylor-says-bitcoin-will-eat-gold-emerging-as-top-asset-price-surges-over-72k/) [Donald Trump Backs Bitcoin, Touts BTC’s Traditional Currency Potential](https://coingape.com/donald-trump-backs-bitcoin-touts-btcs-traditional-currency-potential/) [Terra Luna Classic’s Big v2.4.2 Upgrade Proposal Unanimously Passed, LUNC’s New Futures Listing](https://coingape.com/terra-luna-classic-big-v2-4-2-upgrade-passed-lunc-new-futures-listing/) [Court Denies Sam Altman’s Worldcoin Ban Lift Plea, WLD Price To Drop?](https://coingape.com/court-denies-sam-altman-worldcoin-ban-lift-plea-wld-price-to-drop/) [Near Protocol Price Recovery Eyes $10 Amid Surging Open Interest](https://coingape.com/markets/near-protocol-price-recovery-10-surging-open-interest/) [Solana Price Prediction: How Long Until Solana Blasts To $200](https://coingape.com/markets/solana-price-prediction-how-long-until-solana-blasts-to-200/) [Key Levels to Watch As Shiba Inu Price Sparks New Correction Trend](https://coingape.com/markets/key-levels-to-watch-as-shiba-inu-price-new-correction/) [XRP Price Analysis: Is $1 on the Horizon Amid Bullish Momentum?](https://coingape.com/markets/xrp-price-analysis-is-1-on-the-horizon-amid-bullish-momentum/) [Bitcoin Price Forecast: Major Pre-Halving Sell-Off Brewing As BTC Hits $72,000?](https://coingape.com/markets/bitcoin-price-forecast-major-pre-halving-sell-off-brewing-as-btc-hits-72000/).
