TRON

An event highlighting a much anticipated theme park attraction from the Walt Disney Company (NYSE: DIS) may have unknowingly promoted a cryptocurrency. What Happened: Disney has gotten a boost from the performance of its theme parks, helped by guests returning in the post-pandemic world and...

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...

Ethereum (CRYPTO: ETH) is dominating the stablecoin market, with a 59.9% market share across all stablecoins as of the end of January 2023. What Happened: According to CoinGecko’s latest report, coming in a close second is Tron (CRYPTO: TRX), with a 26.5% market share across all...

H.E. Justin Sun, the founder of crypto exchange Huobi Global, has officially endorsed Debt DAO, a project that is issuing FTX users’ debt as a bond token, FUD, on behalf of FTX creditors.  What Happened: Huobi listed the FUD token for trading on Sunday. The exchange will enable...

Nansen reported this week that cryptocurrency exchange Houbi (CRYPTO: HT) had seen a “significant increase in net outflows” of $94.2 million in the past week and $60.9 million within 24 hours. Houbi’s stablecoin reserves decreased by 9.5% in just one week, down to $...

Tron founder Justin Sun announced on Monday he swapped nearly $773,000 worth of Tron’s native stablecoin (CRYPTO: USDD). Sun imitated Terraform Labs CEO Do Kwona's tweet from just before Terra's bankruptcy in May by writing, "Deploying more capital—steady...

El Salvador President Nayib Bukele and Tron cryptocurrency founder Justin Sun plan to accumulate one Bitcoin (CRYPTO: BTC) every day, notwithstanding the possibility of a prolonged crypto winter. “We are buying one #Bitcoin every day starting tomorrow,” Bukele tweeted. Sun, who is also...

Tron is prepared to pump in billions to rescue beleaguered cryptocurrency exchange FTX, the company’s founder Justin Sun said on Friday. FTX CEO Sam Bankman-Fried told investors on Wednesday that the company needs at least $4 billion in new investment to stay afloat since it now has a...

Flailing cryptocurrency exchange FTX has reached an agreement with cryptocurrency network Tron (CRYPTO: TRX) to establish a special facility to allow holders of TRX, BitTorrent (CRYPTO: BTT), JUST (CRYPTO: JST), Sun Token (CRYPTO: SUN), and Huobi (CRYPTO: HT) to swap assets from FTX 1-to-1 to...

Tron (CRYPTO: TRX) founder Justin Sun has publicly backed a Proof-of-Work Ethereum (CRYPTO: ETH) fork post the Merge. What Happened: “We all want to be the first solution when everybody uses Ethereum proof-of-work post-Merge,” said Sun to CoinDesk TV...

Stablecoins represent a class of cryptocurrencies that are meant to preserve value over time. Unlike traditional cryptocurrencies, stablecoins obtain their value from an underlying asset or algorithm. Fundamentally, stablecoins are either algorithmic or collateralized. Stablecoins that are...

USDD (CRYPTO: USDD), Tron’s stablecoin, has failed to maintain its $1 peg for the past week, floating between 92 and 98 cents.  What Happened: USDD acts as an algorithmic stablecoin that in the past month has been collateralized with reserves worth $2.35 billion, constituting...

Justin Sun, the founder of the Tron (CRYPTO: TRX) blockchain, laughed off claims that he was behind an organized attack that took down Terra (CRYPTO: LUNA) and its stablecoin TerraUSD (CRYPTO: UST). What Happened: In an interview with CoinDesk, Sun denied any involvement in UST...

El Salvador's president Nayib Bukele decided to buy the Bitcoin (CRYPTO: BTC) dip and acquire 500 BTC, setting an example that was followed by another prominent industry figure. What Happened: In a Tuesday tweet, Tron (CRYPTO: TRX) founder Justin Sun...

Tron (TRX) spiked nearly 11% to $0.73 over 24 hours leading up to early Monday morning. The Justin Sun-founded coin is riding high on a recent announcement of a new stablecoin called USDD or Decentralized USD on its network. Tron’s spike at press time exceeded the 24-hour gains seen in...