News
The former penny stock is riding a 1,300% rally post-merger, as it looks to deepen its crypto treasury strategy with a billion-dollar funding push.
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Tron (TRX) Crypto News
Launched in June 2018, Tron is a blockchain-based smart contract platform for powering decentralized applications, or DApps, competing with similar platforms such as Ethereum, Tezos, Cardano and EOS. The blockchain is secured through a delegated proof-of-stake system that sacrifices some degree of decentralization for speed and efficiency. The network is powered by its native protocol token, TRX, which is used for payments, miner rewards and voting.
The project’s reveal proved controversial when it was discovered that the white paper had been largely plagiarized, directly copying material from high-profile works such as Ethereum, the InterPlanetary File System, distributed hash tables, etc. Founder Justin Sun has claimed this was the fault of volunteer translators.
The Tron long-term roadmap consists of six phases that consecutively roll out new initiatives to provide P2P file sharing (now supported by Tron’s acquisition of BitTorrent), content creation, crowdfunding and gaming.
While most of Tron’s network activity is currently driven by gaming and gambling DApps, Sun’s strategic acquisitions clearly slot themselves within the roadmap, perhaps with the intention of accelerating development and adoption without building from nothing.
- Altcoin Watch
Altseason takes center stage as 71% of Binance Futures volume are altcoins.
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The Blue Origin mission is expected to move forward with six crew members after a 2021 bid from the Tron founder.
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TRON’s strong position in the stablecoin market continues with steady user growth, transaction volume and ecosystem expansion.
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Tron’s reverse merger will test whether a company can treat its own crypto as collateral without collapsing under the risk.
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Tron will go public in the US through a reverse merger with SRM Entertainment, a Nasdaq-listed company.
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The move by Nasdaq-listed SRM Entertainment comes amid a regulatory thaw between the US Securities and Exchange Commission and Tron founder Sun.
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The stablecoin giant froze over $12.3 million worth of funds, pointing to potential illicit activity or AML violations.
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Bubblemaps aims to offer forensic-grade analytics tools for Web3 users to help navigate the rise of insider scams and rug pulls in the crypto industry.
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Tether mints $1 billion of USDT on Tron, pushing its authorized supply above Ethereum’s as the two networks battle for stablecoin dominance.
3952 - Market Analysis
Ethereum’s Pectra upgrade made some much-needed improvements. Will ETH price respond by rallying in the near future?
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The X accounts of Curve Finance and Tron DAO were recently taken over by scammers, adding to the growing list of high-profile account takeovers.
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Tron was ahead of Ethereum for USDT circulation between 2022 and 2024, and it is poised to reclaim that position.
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OKX claims to have not received any requests from law enforcement to freeze funds after Tron’s X account was compromised.
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After a rough couple of months, data suggests that traders are finally becoming comfortable with ETH’s current valuation.
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