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After its success in the meme coin ventures, TRON founder Justin Sun is now setting its sights on another frontier in the crypto space: Non-Fungible Tokens [NFTs]. As per Sun, it is the right time to launch a high-quality NFT project that can truly gauge the interest of both collectors and enthusiasts. The founder tagged […]
Justin Sun has made bold predictions about the blockchain network, expressing confidence that Tron would surpass Solana (SOL).
Brian Armstrong confirms cbBTC is backed by Coinbase itself, addressing rising community skepticism over the product's transparency.
Tron, the largest network for the USDT stablecoin, will provide its technical expertise to identify and freeze illicit USDT transactions within the new financial crime unit.
TRON DAO's prominent role at ABS2024 highlights its influence in shaping blockchain innovation and fostering global tech community collaboration.
The post Justin Sun delivers keynote and fireside chat at ABS2024, TRON DAO featured as title sponsor appeared first on Crypto Briefing.
Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.
The proposal would effectively transfer control of WBTC to Threshold.
The X post draws immediate similarities to a previous post of FTXs Sam-Bankman Fried, back when the Solana token was trading at just $3.
The memecoin frenzy has reached the Tron Network after the launch of Pump.funs rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week. The platforms remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result, [...]
The post Tron-Based SUN Token Skyrockets 197% As SunPumps Momentum Continues appeared first on Crypto Breaking News.
Justin Sun-led TRON is making waves in the blockchain space, as indicated by its booming profits. The recent Messari report highlighted that the platform’s quarterly revenue in Q2 of 2024 reached a substantial $117.5 million, ranking third among all smart contract platforms. The report has caught the attention of TRON’s founder, Justin Sun. In a […]
Since its debut, Tron-based meme coin deployer SunPump has generated over $1.14 million in revenue.
Tron founder Justin Sun believes the blockchain’s revenue could soar to $4 billion within the next year if its current meme strategy proves successful. In an Aug. 21 post on X, Sun projected that TRON’s total revenue might hit $3 billion over the next 12 months, with $1 billion burned and $2 billion distributed as […]
The post Tron founder Justin Sun predicts $4 billion revenue boost with meme strategy appeared first on CryptoSlate.
Justin Sun, the founder of Tron, launched SunPump on August 13, positioning it as a competitor to Solana’s Pump.fun token generator. In just eight days since its debut, SunPump has generated over $1 million in revenue. As a memecoin deployer on the Tron network, SunPump has quickly gained traction, earning
TRON network has registered a surge in network activity as the daily active addresses count is up 52% year-to-date. Per data from IntoTheBlock, the current daily average stands at over 2.42 million addresses, compared to 1.59 million on January 1st. This significant growth highlights the increasing adoption and utilization of the TRX blockchain. It also […]
MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has approved a proposal to halt new borrowing against BitGo’s wrapped Bitcoin (WBTC). On Aug. 15, MakerDAO revealed that it was reducing the debt ceiling for all WBTC vaults to zero. This move effectively prevents any new borrowing from these vaults and lowers WBTC’s loan-to-value […]
The post Crypto investors redeem over $30 million WBTC as MakerDAO halts new loans appeared first on CryptoSlate.
According to data from DefiLlama, the Tron network has accrued $1.31 million in network revenue during the past 24 hours alone.
BitGo CEO Mike Belshe downplays MakerDAOs concerns over Justin Sun's involvement, citing reputation over actual risk.
According to Sun, gas-free stablecoins could take corporate blockchain adoption to the next level.
The trending Luma AI Dream Machine, which turns stagnant memes into moving videos, has reached the crypto community and even inspired similar crypto-centric models.
Following a widespread crypto market crash on Friday, the price of Ethereum took a severe price hit falling by about 10%. While the prominent altcoin has made a minor recovery since then, its price slip has revealed some vital information on the holdings of Tron founder and key crypto figure Justin Sun. Related Reading: Doomsday for Ethereum? A Crash Down To $1,500 Is Coming, Says Skeptic, Heres Why Justin Sun $66 Million Loss, Motive For Massive Bitcoin Buy Offer? Amidst the market mayhem on Friday, blockchain analytics platform Spot on Chain shared an intriguing report on Justin Suns investments in Ethereum. In an X post, Spot on Chain stated that Sun has allegedly acquired 361,000 ETH (worth $1.1 billion) over the last five months. The Tron founder reportedly made this investment using three different wallet addresses purchasing 169,604 ETH with 0x7a9 in February at an average price of $2,870, 176,118 ETH with 0x435 in April at $3,177, and 15,416 ETH with 0xdbf in June at $3,474. Spot on Chain noted that the aforementioned addresses always received ETH deposits from Binance following Suns stablecoin deposits on the exchange thus leading to suspicions that the Tron founder served as owner of these wallets. Following the repayment of creditors by defunct exchange Mt. Gox, coupled with a consistent massive Bitcoin sell-off by the US and German governments, the price of Bitcoin has plummeted by 10% over the last two days falling as low as $53,717. Unsurprisingly, this decline soon extended across the crypto market, with Ethereum crashing by a similar percentage to trade at $2810, marking its lowest price in the last five months. At that point, Justin Suns alleged ETH investments reached a $66 million loss. Interestingly, the Tron founder had reached out to the German government on Thursday to negotiate the sale of their remaining BTC holdings valued at $2.3 billion in a private transaction order. However, it remains unknown if the German government will take up this offer as Sun attempts to reduce the impact of their constant BTC sell-offs on his personal investments and the general crypto market. At the time of writing, Ethereum has shown resilience since its earlier slump rising by about 5% to currently trade at $2,975. In tandem, the tokens daily trading volume is up by 47.33% and valued at $30.47 billion. Related Reading: Analyst Predicts Ethereum Nosedive, Cautions Investors To Prepare For $2,700 Target Solana, Others Record Market Gains Amidst Market Crash While the general cryptocurrency remains in a downtrend, with the total market cap down by 1.02%, several assets have managed to stay afloat providing investors with some form of relief. According to data from CoinMarketCap, Solana is one of these assets, with a 4.99% daily gain alongside other prominent tokens such as Avalanche (AVAX) and Shiba Inu with respective gains of 3.99% and 3.70% respectively. Notably, prominent meme coin dogwifhat leads the resistance with the highest daily gain of 12.28%. Featured image from Bloomberg, chart from Tradingview
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