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In August, the TRON network demonstrated significant growth, processing nearly 230 million transactions, marking a 7.8% increase from July. This surge underscores the ongoing momentum in TRONs network activity as it continues to expand its footprint in the blockchain space. The @trondao network processed nearly 230 million transactions in August, […]
Tron founder Justin Sun has stated that the SunPump meme token community has chosen to implement a 100% onchain buyback and burn operation. The decision was reached after a community debate that shifted focus away from burning liquidity pool (LP) tokens, as stated in Sun’s post on X. The principle
Riot Platforms has intensified its efforts to acquire rival Bitcoin miner Bitfarms by issuing an open letter to the firm’s shareholders on Sept. 3. In the letter, Riot announced that it had lowered its request for board seats at Bitfarms to two independent directors following recent removals while also criticizing several of the company’s recent decisions. […]
The post Riot Platforms targets remaining 2 Bitfarms board members’ replacement appeared first on CryptoSlate.
Justin Suns SunPump community abandons LP token burning in favor of a more transparent onchain buyback and burn process.
TRX has been taking a breather after its recent rally, fueled by the excitement around the SunPump hype. Now that the hype has settled, the price has been moving sideways
Vitalik Buterin noted that Celos second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.
Ethereum (ETH) price has outshined Bitcoin (BTC) over the last week since the US Federal Reserve (Fed) slashed interest rate by 50 basis points (bps) on September 18, 2024. Ethereum Gains On Bitcoin, Prelude To Altseason? Ethereum has had an impressive last few days as far as its price action is concerned. ETH has surged by 16% to $2,666 since the Fed cut rates for the first time in four years. BTC has risen by 9% in the same period, trading at $63,643 at press time. Related Reading: Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research The ETH/BTC trading pair has surged from 0.0385 on September 18, to 0.0420 on September 23, indicating an increase of almost 9%. Notably, the ETH/BTC trading pair is a crucial trading pair observed by crypto analysts to gauge market sentiments toward altcoins relative to BTC. When ETH and other altcoins gain value against BTC, it suggests increased investor interest in altcoins, potentially signaling the beginning of an “altseason.” Conversely, when BTC outperforms ETH, it may indicate a shift back to Bitcoin dominance. Its worth highlighting that the Ethereum futures funding rate has turned positive since the interest rate cut, standing at 0.0058% according to data from cryptocurrency futures trading and information platform CoinGlass. For the uninitiated, a positive funding rate implies that traders holding long positions – in this case, long ETH – are paying short positions, reflecting bullish market sentiments. The change in funding rate suggests greater optimism regarding ETHs future price, likely driven by increased demand and confidence following the rate cut. That said, investors should be cautious of sharp movements in funding rates, as this could lead to market corrections amidst excessive optimism or due to any changes in external factors. Ethereum Faces Stiff Competition From Other Blockchains Throughout 2024, Ethereum has faced criticism for its lackluster performance relative to its competitors. Even major developments, like the US Securities and Exchange Commissions (SEC) approval of ETH exchange-traded funds (ETFs) failed to propel the second-largest cryptocurrency by market cap significantly. In contrast, competing smart contract platforms like Solana (SOL), Binance Coin (BNB), and Tron (TRX) have made impressive strides not only in terms of price appreciation but also regarding the development of ecosystem infrastructure. Related Reading: Tron-Based SUN Token Skyrockets 197% As SunPumps Momentum Continues For instance, the Solana ecosystem witnessed many developments at Singapore’s recently concluded Solana Breakpoint 2024 event. Among other announcements, Franklin Templeton unveiled its plans to launch a mutual fund on Solana. Similarly, all eyes are on the release of former Binance CEO Changpeng Zhao from prison on September 29, 2024. Crypto analysts predict that Zhaos release could spark bullish momentum for Binances native token BNB, which has shown incredible resilience despite the exchanges former CEO being imprisoned on money laundering charges. With the rising adoption of Ethereum layer-2 solutions offering high scalability with minimal transaction costs, expect the smart contract space to become increasingly competitive. ETH trades at $2,660 at press time, up 3.3% in the last 24 hours. Featured image from Unsplash, Charts from Tradingview.com
MyTonWallet said it would support TRX, USDT and other crypto assets using the TRC-20 token standard.
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).
Coinbase CEO Brian Armstrong, Congressman Wiley Nickel (D-NC) emphasized the need for the United States to decisively lead on crypto policy in a bipartisan manner.
The final event of the America Loves Crypto tour took place yesterday in Washington, D.C. as the country counts down to the 2024 election. Speakers including Coinbase CEO Brian Armstrong, ConSensys CEO Joseph Lubin, and Congressman Wiley Nickel (D-NC) addressed the maximum capacity crowd at the Black Cat music venue. The speakers largely agreed on [...]
The post Bi-Partisan Consensus Emerges on Final Day of America Loves Crypto Tour appeared first on Crypto Breaking News.
Whale activity in the Tron ecosystem is revealing intriguing patterns across top tokens. According to the latest data from IntoTheBlock, as of September 2024, heres a snapshot of whale concentration in key tokens: – $TRX: 57% – $BTT: 89% – $JST: 44% – $SUN: 90% – $WIN: 80% The high […]
The Framework Ventures-backed platform has surpassed $150 million in TVL, despite a wider downtrend in the NFT market.
As several altcoins rolled back to their yearly low in this bearish phase, TRX’s price remained strong monthly and continued to maintain bullish. However, it went through a short retracement but is now set for an increase. Tron’s performance has been remarkable over the past year and a half as […]
TRON DAO's prominence at KBW highlights the increasing institutional interest and cultural significance of the meme coin market.
The post TRON DAO featured as Title Sponsor at KBW, showcases growing meme coin ecosystem appeared first on Crypto Briefing.
This week, $SUNDOG made headlines by becoming the first meme token on the TRON network to surpass a $1 billion market cap, solidifying its place in the meme token world. $SUNDOG officially becomes the first meme on TRON to hit $1B with a $2M volume injection. Look at this chart […]
According to Bitfarms, the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay sometime in December 2024.
Bitfarms said the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay, sometime in December 2024.
Meme coins connected to large platforms like Solana (SOL) and Tron (TRX) have had declining returns in recent months, which analysts think will cause them to be no top selection for significant earnings in 2024. On the other hand, initiatives with practical value like Rexas Finance (RXS) are attracting both
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