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A New York judge has rejected a request from the U.S. Securities and Exchange Commission (SEC) to force a pre-trial conference or to require the filing of an additional response in its ongoing securities fraud lawsuit against the Tron Foundation and founder Justin Sun.
In the cryptocurrency landscape, the majority of top cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) are continuously declining due to the current bearish market sentiment. Amid this downturn, Tron (TRX) is making waves with its impressive performance in recent days and also outshines Cardano (ADA).
Solana (SOL) is facing challenges as it loses its grip on the memecoin market, marked by a 2% decline over the past week. CoinShares data reveals that while Bitcoin and Ethereum saw inflows of $42 million and $4.2 million, respectively, Solana experienced record outflows of $39 million.
ADA falls from the top 10 list of largest cryptocurrencies as competing blockchains see an uptick in users.
Tron's SunPump soars out of the gate, but signs suggest the memecoin boom could be slowing down.
Justin Sun's TRON network recently unveiled the SunPump platform. It is the pioneering platform for the dedicated launch as well as trading of meme coins.
As just became known, the alignment of forces in crypto market rankings suddenly changed today. Thus, according to CoinMarketCap, Cardano (ADA) yielded its place in the top 10 to Tron (TRX).
Tron's (TRX) price is in an uptrend, but the broader market picture is a mix of demand and profit-taking.
TRX's range highs and the liquidity pocket both highlighted the same key bullish target for prices.
Tron's founder Justin Sun claims that China will unban crypto, causing excitement and skepticism in equal measure.
The majority of TRON holders are currently in profit but mixed social and on-chain signals have been dominating the asset. TRON (TRX) is up by 2.2% in the past 24 hours and is trading at $0.
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.
Tron, the blockchain founded by Justin Sun, is now embracing the meme coin trend with the launch of SunPump, a platform designed to create these tokens on the network.
Pump.fun has launched on the Tron blockchain to allow users to deploy memecoins easily. It comes with a vetting process to prevent pump and dump scams witnessed on competition platforms.
TRX has experienced a 3.74% gain on weekly charts as analysts predict a major breakout to $0.27.
Tron (TRX), a prominent player in the cryptocurrency space, has been making headlines as it navigates through the volatile crypto market. With its position as the 10th largest altcoin by market cap, and a significant role in the DeFi sector, many are wondering if TRX can reach the elusive $1 mark in the coming years.
The meme coin mania on TRON is accelerating with over 1,000 coins being launched every day since SunPump's launch.
The markets remained relatively calm today and even made slight progress. The total capitalization is inching closer to $2.2 trillion, as most coins are charting marginal gains.
The Tron network has significantly expanded its role in the stable coin market. Data from Coin Metrics Network reveals that Tron's share of the stable coin market has surged, establishing it as the second-largest blockchain in terms of stable coin supply, trailing only behind Ethereum.
Paypal's stablecoin PYUSD outperformed Tron's stablecoin USDD by market cap to become the sixth largest stablecoin in the crypto ecosystem. PYUSD's market valuation grew by $140.9 million in ten days from $651 million on August 6th to $791.9 million on August 16th.
Memecoins have been one of the largest narratives of this bull run, with Solana-based ones leading the frenzy. The massive popularity led to the creation of platforms that facilitated the creation of these tokens.
The world of cryptocurrency is a melting pot of innovation, where each project brings something unique to the table. This week, NEAR Protocol and TRON are leading the charge, each pushing the boundaries of what's possible in the blockchain space.
With Bitcoin inching closer to the $60K mark, the broader altcoin market shows a bullish recovery. Amid the top performers, Tron is making waves with its new upcycle in motion. As the TRX price surge makes it one of the top gainers, will the bull run surpass $0.14 to extend the uptrend? Let's find out.
Tron's share of the stablecoin market continues to grow as the network's adjusted transfer volume in USDT hit $384 billion in July.
