Terra’s co-creator Do Kwon has proposed a hard fork of the network in a bid to revive the project following a bank run that led to the creation of over 6 trillion LUNA and the collapse of UST. The fork would create a “Terra Classic” network.

Coinbase is set to start allowing a “small set” of its users to access Ethereum-based decentralized applications (dapps) directly from the Coinbase app.

Brazil’s only stock exchange, B3, is reportedly planning to launch Bitcoin and Ether futures “in the next three to six months,” according to its Chief Financial Officer André Milanez.

Top stories in the Crypto Roundup today:

• Terra Community to Vote on Hard Fork to Create ‘Terra Classic’
• Coinbase Starts Letting App Users Access Ethereum-Based Dapps
• Brazilian Stock Exchange B3 to Launch Bitcoin, Ether Futures

Terra Community to Vote on Hard Fork to Create ‘Terra Classic’

Terra’s co-creator Do Kwon has proposed a hard fork of the network in a bid to revive the project  following a bank run that led to the creation of over 6 trillion LUNA and the collapse of UST. The fork would create a “Terra Classic” network.

In his most recent proposal, do Kwon suggested a move that would keep the current, collapsed blockchain as the “Terra Classic” network, whose native token would be called Luna Classic (LUNC).

The fork would create a new blockchain and would include an airdrop to existing LUNA and UST holders, as well as developers, with vesting schedules and token lockups to avoid a steep price decline after it occurs.

In a thread, Kwon shared that the plan came as “competing interests from varied stakeholders make it extremely difficult and unlikely to achieve consensus on a cohesive, congruent plan.” Per Kwon, it would be “devastating for broader crypto adoption and advancement” if the network remains “in entropy amidst opposing views.”

The new fork would leave Terraform Labs’ wallet out of the airdrop, which would make “Terra a fully community-owned chain.” The hard fork proposal is will be up for governance vote on May 18.

Coinbase Starts Letting App Users Access Ethereum-Based Dapps

Coinbase is set to start allowing a “small set” of its users to access Ethereum-based decentralized applications (dapps) directly from the Coinbase app.

The move will help users purchase NFTs on various marketplaces beyond Coinbase’s own platform, trade on decentralized exchanges like Uniswap and SushiSwap, and lend using decentralized money markets like Compound.

The new feature is powered by a new dapp wallet and browser that is to roll out to the company’s U.S. users on Android, with plans to expand to all of its users soon.

Along with the mobile web browser that lets users access dapps, Coinbase will include a hot wallet that customers can use to exchange funds. The wallet will have a co-custodial setup, meaning the private keys to it will be stored by Coinbase and by the user.

Brazilian Stock Exchange B3 to Launch Bitcoin, Ether Futures

Brazil’s only stock exchange, B3, is reportedly planning to launch Bitcoin and Ether futures “in the next three to six months,” according to its Chief Financial Officer André Milanez.

The exchange is currently building the infrastructure to offer cryptocurrency market access to its end users. The exchange currently offers exposure to cryptocurrency exchange-traded funds (ETFs) listed in the Brazilian regulated market.

Currently, 10 cryptocurrency ETFs are available in Brazil, in addition to more than 25 investment funds approved by its Securities and Exchange Commission (CVM) offering exposure to cryptoassets.

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