AI
Taiwan officially allows ‘professional investors’ to buy Bitcoin ETFs.
In a massive development for the country, Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to gain access to foreign Bitcoin and other crypto ETFs. Indeed, the commission announced the change Monday, allowing select investors to participate with “foreign virtu asset” exchange-traded funds.
The report notes that there is a specific criteria to meet for those hoping to invest. “Professional investors include professional institutional investors, high-net-worth investment legal persons, high-asset clients, legal persons or funds that are professional investors, and natural persons that are professional investors,” the FSC clarified.
Additionally, there must be a board-approved suitability assessment for securities firms looking to invest in crypto ETFs. This will coincide with mandatory educational efforts for businesses. Specifically, this will seek to teach more about cryptocurrency, and its inherent risks. Yet, the decision still adds Taiwan to a list of nations looking to further embrace crypto as a growing,a nd globally important, asset class.
Terra Luna Classic (LUNC), the original Terra blockchain that survived the 2022 collapse, is stealing the spotlight this week with a staggering 122 % surge and trading volumes exploding to $840 million in 24 hours, a 1,100 % spike from its usual daily average. The token hit a five-month high of $0.000078 before settling around $0.000062, marking its strongest weekly performance since early 2024.
The fire started on December 5 at Binance Blockchain Week in Dubai. CoinDesk journalist Ian Allison appeared on stage wearing a vintage Terra Luna Classic T-shirt, instantly going viral across X with over 500,000 impressions. The community read it as the ultimate sign: LUNC is back.
Memes, countdowns, and “LUNC to $1” chants flooded global chats from Türkiye to Brazil to South Korea. Within hours, the hashtag #LUNCcomeback was trending worldwide.
Retail sentiment flipped overnight. Long-dormant holders returned, staking jumped (now 15 % of supply locked), and on-chain burns accelerated, with Binance alone torching 562 million LUNC on December 1.
Technical charts confirmed the move: LUNC smashed a two-month downtrend with its biggest weekly candle in over a year. Analysts like JAVON MARKS now eye $0.00021 (+270 %) if momentum holds.
Terra LUNA 2.0 Follows the Classic’s Lead
Riding the same wave, Terra LUNA 2.0 (the post-crash chain) surged nearly 70 % to $0.11, breaking out of a multi-month falling wedge with daily volume topping $1.2 billion – its highest since mid-2024.
Both tokens are feeding off the same energy:
- Upcoming v2.18 chain upgrade on December 8
- Do Kwon’s sentencing on December 11
- Aggressive supply burns shrinking LUNC faster than ever
For the first time in years, the entire Terra family is moving together in perfect sync, with LUNC firmly leading the charge.
The message from the community is louder than it’s been since 2022:
The original chain never died.
It just went quiet.
Now it’s roaring again.
Disclaimer
The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.
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