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Crypto News Digest - Quick-read versions of cryptocurrency updates

“Vanguard Group declines to offer spot Ethereum ETFs, maintaining its focus on traditional assets. This decision follows $BTC stance and contrasts BlackRock’s (@BlackRock) active pursuit of Ether ETFs. #Finance #Crypto”

BlackRock updates its S-1 filing for the iShares Ethereum Trust, aiming to launch a spot Ethereum ETF by late June/early July. This move, backed by SEC collaboration, strengthens their market presence. $ETH #crypto #ETF

### Terra Luna Classic Rejects LUNC Burn Proposal **Highlights:** – The Terra Luna Classic community has decisively rejected a proposal to increase the burn tax to 1.5%. – Proposal 12105 was turned down due to lack of reasoning and insufficient data to support the increase. – The proposal received only 21.35% “Yes” votes, with 32% voting “No” and 38% “No with veto”. – Validators also opposed the proposal due to the absence of complementary strategies and volume projections. – Recently, the community has adjusted the LUNC burn tax distribution to the oracle pool instead of rewards, with 70% voting in favor. – The current burn tax is set at 0.5%, allocated as 80% for burn and 20% split between the Community Pool and Oracle pool. – Following the proposal’s rejection, LUNC’s price increased by 1% in the last 24 hours, with trading volume surging by 70%. ### SEO-Optimized Title: **Terra Luna Classic Rejects LUNC Burn Tax Increase**

The Terra Luna Classic community rejected Proposal 12105 to raise the LUNC burn tax to 1.5%, with 70% favoring a strategic redistribution to the oracle pool. LUNC’s price rose 1% amid a 70% volume surge. #CryptoNews #TerraLunaClassic