Tron's Justin Sun Says He's 'Putting Together Solution' for FTX

The #Tron cryptocurrency network's creator and Grenada's ambassador to the #WTO, Justin Sun, tweeted late on Wednesday that he and his team were "putting together a solution" with struggling #cryptocurrency exchange FTX, hours after Binance announced it would not proceed with a deal to acquire the company.

Sun's tweet lacked details that would have indicated whether this fix will save #FTX as a whole or just backstop the Tron-related coins that were traded on the #exchange.

A number of regulatory bodies, including the #SEC, the #CFTC, and the U.S. Department of Justice, have implied that they are looking into or expanding their #investigations into the firm.

On Monday, the algorithmic decentralized USD (USDD) stablecoin on the #Tron network dropped to $0.9695, its lowest level since June. A few hours ago, #Curve Finance had almost $4 million #USDD in liquidity taken from it, accounting for approximately 12.83% of the pool’s entire stake. Tron’s USDD on Curve has a drastically skewed USDD/3CRV liquidity pool, with USDD accounting for 86.1% of the total.

Justin Sun tweeted that he is deploying more capital to support USDD and emphasized that the algorithmic #stablecoin has a 200% collateral ratio in an effort to calm the market.

The Top 8 Blockchains by Total Value Locked in: Ethereum ($29.1bn), Tron ($5.28bn), and BSC ($4.77bn).

#Ethereum continues to dominate the decentralized finance landscape with an impressive majority share of 69.80% in Total Value Locked, while #BSC and #TRON trail behind at 7.08% and 6.97% respectively.

Largest Single Transaction by Blockchain Network

Data reveals that the $7 billion Shiba Inu burn on the Ethereum blockchain was the most costly transaction ever recorded.

Conor Grogan mentioned that the Ethereum blockchain recorded $4.4B transfer between Binance wallets.

Following Ethereum, Binance Smart Chain, Tron, and Bitcoin have also recorded high-value transactions.



#Blockchain #Ethereum #BSC #Tron #Bitcoin

CryptoRank, a platform for analyzing and researching the #crypto market, recently released a list of the top 10 #blockchains based on monthly revenue, which represents the fees generated for stakeholders.

As per the report, #Ethereum is the clear leader in terms of monthly revenue generated for stakeholders. #Tron, #Filecoin, #Arbitrum, and #Polygon are also generating significant revenue, while #BNB Coin, #Optimism, #Solana, and #Helium are all showing decent gains.

Despite the bear market, the cryptocurrency industry experienced some incredible growth in May. The total number of active addresses on the #Solana network increased by 86%, while the number of active addresses on the BNB Chain grew by 14%. #Ethereum, the largest cryptocurrency by market capitalization, saw a slight decline in active addresses, but it still remains the most popular network for dApps.

Other notable growth includes Optimism, which saw its active address count increase by 22%, and #TRON, which added 12.1 million new active addresses.

These numbers suggest that despite the current market conditions, there is still a lot of interest in the #cryptocurrency industry.

Despite #cryptomarket growth, #stablecoin value remains stable at $129.5 billion, defying typical expectations.

#Ethereum experiences a 34% decrease, while #Tron sees a 57.7% increase, revealing shifting #investor preferences.
https://coinpedia.org/news/why-stablecoins-arent-riding-the-crypto-wave-report/

Exploring the blockchain giants, where Ethereum leads with a staggering $63.3B in TVL. It's a race of giants and titans, with Tron, BSC, Solana, and Avalanche marking their territory in the digital realm.

Each blockchain brings its unique edge to the table, from speed to scalability, from smart contracts to interoperability.

As the crypto world evolves, these platforms are not just about currency but about building a new digital ecosystem.

Read the full report: https://coinpedia.org/research-report/blockchain-industry-report-2023-growth-trends-and-projections/



#Blockchain #Ethereum #Tron #BSC #Solana #Avalanche #Coinpedia

#Bitcoin leads #cryptocurrency surge, hitting $46,254.46 with a 3.5% rise, signaling market sentiment shift.

#Tron and #Immutable show high profitability, alongside #stablecoins, hinting at potential market rally.
https://coinpedia.org/news/with-85-profitability-here-are-the-top-3-altcoins-to-add-in-your-portfolio/

#TRON unveils #Bitcoin Layer 2 solution, enhancing #blockchain interoperability and fostering collaboration.

TRON strategically burns tokens, aims to increase scarcity, fortify its position in the #cryptomarket.
https://coinpedia.org/news/trons-bitcoin-layer-2-breakthrough-justin-sun-reveals-bold-plan/

#Circle discontinues #USDC minting on #Tron due to regulatory concerns, facilitating transition to other platforms.

Tron's ties to regulatory issues prompt Circle's withdrawal, emphasizing USDC's safety and regulatory adherence. #cryptonews
https://coinpedia.org/news/circle-ends-support-for-usdc-on-tron-blockchain-a-strategic-shift-for-stability/

It's all about taking that first step!

Which #cryptocurrency was your first investment?

Comment Below 💬



#Bitcoin #Ethereum #BNB #Cardano #XRP #Tron #Dogecoin #ShibaInu #Solana

Introducing the Titans of Crypto:

These top pioneers have ridden the digital wave to immense wealth, with a combined net worth surpassing billions.

Among the noteworthy figures are Satoshi Nakamoto, Changpeng Zhao, Brian Armstrong, Justin Sun, and Vitalik Buterin.

These individuals have emerged as prominent faces in this dynamic ecosystem.



#Cryptocurrency #Bitcoin #Binance #Coinbase #Tron #Ethereum #Coinpedia #Founders

Tron's Top 7 Protocols: $8.1B in TVL and $138M in Volume!

#TRON's Daily Trading Volume Surges to $137.95 Million, showcasing its growing popularity

#JustLend Dominates TRON's #DeFi Landscape with a TVL of $5.873 billion, outpacing other protocols by a significant margin.

#CoinPedia #Crypto #CryptoCommunity #TRX