Tron Founder Justin Sun Links Meme Coin Push to USDT Liquidity

August 19, 2024 Bitcoin.com

bitcoin.com

Justin Sun, founder of the Tron blockchain ecosystem, clarified the reasons behind his drive to bring meme coins to the Tron network. According to Sun, the Tron blockchain has the upper hand compared to other chains, being home to $60 billion USDT. “No other blockchain protocol’s got a liquidity pool this massive,” Sun stressed, explaining […]

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Tron network leads in stablecoin market share amid growing monthly transfer volume

August 16, 2024 Coin Telegraph

Coin Telegraph

Tron’s share of the stablecoin market continues to grow as the network’s adjusted transfer volume in USDT hit $384 billion in July.

Tron has grown to become the second blockchain to Ethereum in stablecoin market share.

Data from Coin Metrics Network reveals that stablecoin supply on Tron stands at $61.1 billion, commanding 37.9% of the total stablecoin market share, which currently stands at $161.1 billion. This is a significant increase from a supply of $46.6 billion it held a year ago.

Tron trails the Ethereum network, which dominates the stablecoin market supply at $89.7 billion, representing 55.7% of the total supply.

Legacy Trump Meme Coin Maga Crumbles as New Rival Takes Center Stage

Top 10 Cryptos Today: Down Between 20% and 89% From All-Time Highs

August 16, 2024 Bitcoin.com

Binance Coin

In mid-August, bitcoin’s price dipped below $60,000, hitting a low of $56,646 per BTC on Thursday. Currently, BTC is hovering just above $58K, sitting at $58,267, which is about 20.2% lower than its all-time high (ATH) of $73,737 reached on March 14. While BTC has seen a 20.2% drop from its ATH, several other leading […]

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Crypto VC funding hits $2.7B in Q2, Tron may be ‘most profitable blockchain’ — Finance Redefined

August 16, 2024 Coin Telegraph

Blockchain

Crypto startup funding rose over 2.5% in Q2, and Tron could be on track to become the most profitable blockchain in terms of revenue, according to Justin Sun.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights — a newsletter crafted to bring you the most significant developments from the past week.

This week brought renewed optimism for crypto investors after Pitchbook data revealed that crypto startup funding rose 2.5% to $2.7 billion in the second quarter of 2024 despite declining overall investment deals.

In the broader crypto space, the Tron network has surpassed the 90-day revenue of the Ethereum network, which could put it on track to surpass $2 billion in revenue by the end of 2024. According to Sun, this would make it the “most profitable blockchain on Earth.”

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WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns

August 12, 2024 Bitcoin.com

BiT Global

The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys […]

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New Crypto Scam Using QR Codes To Deceive Users Into Authorizing Wallets Spreads: Bitrace

August 12, 2024 The Daily Hodl

Bitrace

A new crypto scam utilizing QR codes to trick users into authorizing wallets is spreading, according to crypto data analytics firm Bitrace. In a lengthy thread on the social media platform X, Bitrace says that the new crypto scam is deceiving traders by enticing them with alluring over-the-counter trades and rewards in the native asset […]

The post New Crypto Scam Using QR Codes To Deceive Users Into Authorizing Wallets Spreads: Bitrace appeared first on The Daily Hodl.

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Justin Sun delivers keynote and fireside chat at ABS2024, TRON DAO featured as title sponsor

August 9, 2024 The Crypto Briefing

Crypto Briefing

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.

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Cointelegraph and CryptoQuant research reveal TRON’s inelastic activity, maintaining stability

August 6, 2024 The Crypto Briefing

Crypto Briefing

TRON's stable demand and high transaction speeds position it as a key player in enhancing blockchain liquidity and practical digital asset use.

The post Cointelegraph and CryptoQuant research reveal TRON’s inelastic activity, maintaining stability appeared first on Crypto Briefing.

Legacy Trump Meme Coin Maga Crumbles as New Rival Takes Center Stage

Justin Sun Calls for Restoration of Bitcoin Emoji on X

July 29, 2024 Bitcoin.com

bitcoin emoji

Justin Sun, founder of Tron, called for the restoration of the bitcoin emoji on X. Sun stated that the bitcoin emoji had become tradition, and that, as former U.S. president Donald Trump had declared, the original cryptocurrency was poised to surpass gold. “We humbly request restoring this tradition and are willing to accommodate any requirements,” […]

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Issuance of TRON-Based USDT Exceeds $60 Billion

July 17, 2024 Bitcoin.com

Issuance of TRON-Based USDT Exceeds Billion

bitcoin.com

In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single stablecoin valued at more than $60 billion. This development underscores the growing influence and adoption […]

tron