In recent news, the Terra Luna Classic community has agreed on an important proposal. The proposal aims to update the interblochain communication (IBC) client between Terra Classic and Kujira. This update, from 07-tendermint-178 to 07-tendermint-246, will restore the connection between the two chains, improving Terra Classic's revival efforts. It will also increase liquidity and unfreeze frozen funds.

The proposal, named "Restore IBC to Kujira," has received unanimous approval from the Terra Luna Classic community. With overwhelming support, the proposal has garnered 99.99% of the votes. This demonstrates the community's strong backing for reestablishing the lost connection between the chains through inter-blockchain communication (IBC). Notably, all 57 validators, including Allnodes, Interstellar Lounge, HappyCattyCrypto, and Luna Station 88, voted in favor of the proposal.

Additionally, the community has approved several other proposals. These include measures to enhance security against peer-to-peer spam, adjust commission rates for validators, and modify the distribution of the burn tax.

Following these developments, the price of LUNC has surged by 5% in the last 24 hours, currently trading at $0.0001076. Trading volume has also increased by 80%, indicating growing interest among traders. The community remains optimistic about LUNC's price reaching $1.

Furthermore, LUNC futures open interest has risen by over 10% across exchanges in the last 24 hours. Specifically, 1000LUNC futures open interest has increased by 16% on Binance and Bybit. This surge follows an announcement from Terraform Labs (TFL) regarding restricted access to certain Terra products and features for US users.

Meanwhile, the price of USTC has also experienced a 2% jump, trading at $0.01892. Last week, it climbed by 20%, reflecting positive market sentiment.

In conclusion, the approval of the Terra Luna Classic proposal marks a significant milestone for the community, leading to increased optimism and trading activity surrounding LUNC futures.