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In a recent statement, Justin Sun, the founder of Tron, expressed his view that UBS's bid for Credit Suisse was insufficient. Instead, he proposed his own offer of $1.5 billion to acquire the bank and integrate it into the world of Web 3.0.
Tron founder Justin Sun has disclosed that the blockchain network goal for 2024 is to have a stablecoin market cap of $60 billion.
What is happening in the cryptocurrency market? How are the coins reacting to the collapse of Silicon Valley Bank? Below are all the answers.
TRON (TRX) price is rallying as it breaks above the moving average lines.
Tron price started a fresh increase from the $0.055 level against the US Dollar. TRX price is now trading above $0.06 and the 55 simple moving average (4-hours).
Amidst all the chaos in the crypto-markets following the collapse of crypto-friendly banks, Tron [TRX]‘s ecosystem shared its latest weekly report. In doing so, it provided updates on some of its key performance indicators (KPIs).
As investors sought safety in the wake of Silicon Valley Bank's (NASDAQ: SIVB) collapse this week, the total Tron (CRYPTO: TRX) stablecoin market cap saw a significant increase, while the Ethereum (CRYPTO: ETH) stablecoin market cap fell. What Happened: Data from DeFilama shows that Justin Sun-owned Tron reached over 50% levels of the total circulating stablecoins on Ethereum.
The current stablecoin turmoil has spread far and wide and no crypto project has managed to stay aloof from its impact. Tron [TRX], the layer-1 blockchain, saw its USD Coin [USDC] supply drop from $1.03 billion at the start of March to just over $530 million as of 12 March, almost getting halved.
Justin Sun, the creator of the Tron network, has pledged to provide financial assistance to anyone establishing a trustworthy bank that can serve the demands of the crypto market.
Tron founder and CEO Justin Sun is among the blockchain industry leading figures that have weighed in on SVB saga and USDC's depeg.
Tron founder, amid the troubles as SVB and Silvergate, has come out to speak on the matter. According to Sun, its time the crypto community stepped up to create a stable bank
Tron is regarded as one of the most sought-after currencies in the crypto world. And boasts a wide range of adoption and utility. Presently, there are a host of Decentralized Applications (DApps) on the TRON network.
Tron reached an important milestone, completing 5 billion transactions. This milestone highlights the growing popularity and wide adoption of this blockchain by developers, companies, and cryptocurrency enthusiasts around the world.
TRON (TRX) price is falling as it breaks below the moving average lines.
Tron price started a fresh decline from the $0.0705 level against the US Dollar. TRX price is now trading below $0.0680 and the 55 simple moving average (4-hours).
TRON's latest announcement is evidence of its efforts to increase TRX's global adoption and usage. TRON has announced a partnership with the Commonwealth of Dominica to usher in a new era of Web 3.0.
Learn how blockchain is using digital identity to transform industries in finance, supply chain management, and voting.
Tron, the popular blockchain-based platform, has achieved a major milestone by reaching 5 billion transactions on its network.
TRON [TRX] shared a report on the network's notable developments that took place in the last week. One of the highlights was the significant increase in the deflationary pressure exerted on the native coin.
The price of ETH, the second-largest crypto by market capitalization, falls 5% points in the last week and today stands at €1469.18 (-0.26%).
Tether recently announced plans for a major cross-chain swap that would transfer 1.6 billion USDT from the Tron network to Ethereum.
TRON [TRX] burned over 18.74 million tokens over 24 hours until 3 March, as per data from Tronscan. With the number of new tokens generated being flat, the net issuance rate, or the difference in the number of tokens generated and the number of tokens burnt, fell further.
The price action of TRON [TRX] had strong bullishness behind it. The rally that began in January has not yet stopped on the higher timeframes, as TRX continued to make higher highs and higher lows.
Through the partnership, Oraichain will add TRC20 token compatibility to OraiBridge, allowing for the simple and secure transfer of assets between the two blockchains.
