Tron continues to confidently maintain its leading position among blockchains

The sharp increase in USDT turnover on the Tron network indicates its growing appeal to users seeking fast and reliable transactions.

According to CryptoQuant, USDT transaction volumes on the Tron platform have significantly increased on major exchanges, reflecting the growing trust in this network.

Furthermore, there is a close correlation between TRX and USDT within the Tron ecosystem: during periods of high demand for stablecoins, the price of TRX also begins to rise, underscoring its crucial role in the network.

Tron’s popularity extends beyond transactions to the decentralized finance (DeFi) sector, where the platform continues to attract increasing attention.…

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Authorities May Turn Their Attention to Morgan Stanley Over Promotion of Spot Bitcoin ETFs – Former SEC Chief

Financial giant Morgan Stanley could face a serious investigation from U.S. regulators due to its decision to promote spot Bitcoin ETFs among its clients, according to former SEC Chairman John Reed Stark.

“By instructing its army of 15,000 brokers to actively promote spot BTC ETFs, Morgan Stanley has effectively opened the door to what could become the largest investigation in SEC and FINRA history,” Stark emphasized.

He also added that SEC and FINRA officials will gain full access to all internal company correspondence related to the sale of spot Bitcoin ETFs to retail investors. This will allow regulators to thoroughly scrutinize every aspect of Morgan Stanley’s activities in this area, and identifying potential violations could prove as easy as shooting fish in a barrel.

In Stark’s view, regulators will pay particularly close attention to how Morgan Stanley complies with…

Thailand Launches Sandbox for Testing Cryptocurrency Innovations

The Securities and Exchange Commission (SEC) of Thailand has announced the launch of a sandbox specifically designed for experimentation in the cryptocurrency sector. This initiative aims to create favorable conditions for the development and implementation of the latest technologies in the country’s financial sector.

“The regulatory sandbox for digital assets is intended to simplify experimentation and foster innovation, ensuring the efficient provision of digital asset services in a real-world environment,” the official statement reads. The initiative is designed to help companies and startups safely test their products and services before bringing them to market, thereby reducing risks and…

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A former Bank of Japan official rules out a rate hike before the end of the year.

Makoto Sakurai, a former board member of the central bank, suggests that such a move may not even happen until March 2025. He believes that Japan’s economic situation and monetary policy will prevent the Bank of Japan from considering rate hikes anytime soon.

“At present, there are no conditions for a rate hike, at least not until the end of this year. As for March 2025, there is still uncertainty,” Sakurai noted in his interview.

Sakurai also praised the Bank of Japan’s current policy, emphasizing that the shift from a prolonged period of low interest rates to a…

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73% of cryptocurrency holders plan to continue investing in 2025

Cryptocurrency exchange Kraken conducted a study revealing that 73% of cryptocurrency holders intend to continue investing in this asset class in 2025, despite potential market fluctuations and regulatory uncertainty.

The study also highlighted age differences among those who have ever purchased cryptocurrencies: 69% of middle-aged respondents (45-60 years old) are actively engaged in the market, compared to 55% of younger respondents (18-29 years old). This data underscores the growing popularity of cryptocurrencies among older generations, who have traditionally favored more conservative investment strategies.

Additionally, 46% of middle-aged investors prefer digital assets, while only 23% continue to invest in traditional…

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The Awakening of Inactive BTC Wallets May Indicate Preparation for a Sell-Off

Analysts from CryptoQuant have noticed that wallets which haven’t been used for the past 2-3 years have started to show activity.

Since August 11, approximately 18,536 BTC have been moved from previously dormant addresses.

Last night, analysts highlighted the movement of 5,684 coins that had remained inactive for around 6 months. On August 12, the owners of wallets that had been inactive for 6-12 months moved about 2,588 BTC. Among the oldest wallets, 2,394 coins stood out, which had been dormant for 3 to 5 years.

Typically, such data leads experts to speculate on the possibility of significant sales,…

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Three Arrows Capital Files $1.3 Billion Lawsuit Against Terraform Labs

The liquidators of the bankrupt Three Arrows Capital (3AC) have filed a lawsuit against Terraform Labs for $1.3 billion. This amount represents compensation for the losses the organization suffered following the collapse of the ecosystem in 2022.

The lawsuit alleges that Terraform Labs persuaded the fund to invest in Terra (LUNA) and TerraUSD (UST) assets. Specifically, the liquidators claim that the fund purchased LUNA tokens worth $190 million in early 2022.

By April 2022, the fund held LUNA worth $462 million. However, this was followed by a massive liquidation of assets, the de-pegging of UST, and a subsequent decline…

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The AI sector may soon become the dominant consumer of energy

The report states that annual energy consumption by mining farms is around 121.13 TWh. In comparison, AI consumed between 20 and 125 TWh in 2023. However, it’s challenging to provide an exact estimate of AI energy consumption, as the data centers that power AI also perform many other tasks, including data storage, query processing, and supporting other applications.

Future projections also indicate a significant increase in AI energy consumption. By 2024, AI is expected to require about 169 TWh, and by 2027, this figure could rise to 240 TWh, which is significantly higher than the anticipated 160 TWh needed…

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ERC404: A New Token Standard

ERC404 is an innovative token standard on the Ethereum platform that combines features of ERC20 (the standard token) and ERC721 (NFT). Its goal is to bridge the gap between fungible tokens and non-fungible assets, offering new opportunities for decentralized applications and the cryptocurrency market.

How ERC404 Works

When you purchase 1 PANDORA token, after the transaction is confirmed, the holder receives both the PANDORA token and a unique Pandora NFT, which is generated by the minting contract. If 1 PANDORA is sold, the corresponding NFT is burned. This same principle applies when transferring the token from one wallet to…

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Over $592 million has already been wagered on the outcome of the U.S. elections

The Polymarket platform attracts the attention of both seasoned traders and newcomers eager to make their predictions on one of the most significant political events in the world.

Of this amount, $74 million has been placed on Donald Trump, who remains actively involved in the election race despite the controversies surrounding his political career. His supporters believe he can reclaim the presidency. Meanwhile, $64.8 million has been placed on Kamala Harris, who, as a key figure in the Democratic Party, also enjoys substantial support among voters.

Interestingly, despite the significant bets on the Republican candidate, current projections show that…

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Ripple does not believe that an SEC appeal will affect the status of the XRP token

The company’s Chief Legal Officer, Stuart Alderoty, stated that he would not be surprised if the regulator decided to appeal the court’s decision.

On August 7, Judge Analisa Torres fined Ripple $125 million as part of a long-standing dispute with the SEC. Initially, the regulator sought $2 billion.

In July 2023, Ripple won a partial victory when Torres ruled that XRP token sales do not constitute investment contracts.

The SEC has already attempted to appeal this decision, but Torres rejected the interim appeal. The commission now has the opportunity to file a new appeal, but Alderoty is confident that…

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