Amid intense Rally #SHIB overshadows #Tron
According to data from #CoinMarketCap, SHIB’s price is on a dramatic 44% increase exceeding Tron (TRX).
SHIB currency has already surpassed Tron and moved up to position 13.
#Shiba Inu is currently closing in on Dai (#DAI), a stablecoin that has had a rebound since the early May crash of rival #TerraUSD.
According to data from #CoinMarketCap, SHIB’s price is on a dramatic 44% increase exceeding Tron (TRX).
SHIB currency has already surpassed Tron and moved up to position 13.
#Shiba Inu is currently closing in on Dai (#DAI), a stablecoin that has had a rebound since the early May crash of rival #TerraUSD.
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.
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.
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.