Significant news has emerged from South Korea's financial regulatory sector, as the country has officially approved the legalization of cryptocurrency ETFs and plans to develop a stablecoin based on the Korean won. As a blockchain technology born in South Korea, LUNC( and the former Terra Luna) naturally attract market attention, which is undoubtedly a potential opportunity for projects with a shared cultural background.

It is worth mentioning that LUNC achieved a fully decentralized transformation at a huge cost of nearly 60 billion dollars. Although this change was painful, it also provided valuable experience for the blockchain world.

Surprisingly, even after the collapse of the Terra ecosystem, LUNC still has one of the most active communities in the crypto assets space. This group of tech elites and seasoned investors has remained steadfast during the project's three-year price slump, continuously contributing to the ecosystem. In the face of significant losses, they have chosen to continue supporting and developing LUNC. Is this a one-sided persistence, or is it based on a profound insight into the project's future revival? With the improvement of the regulatory environment for crypto in South Korea, this question may soon be answered.