TRON (TRX) has been showing signs of slowing momentum after its climb near previous highs. The token is currently priced at $0.3486, reflecting a 19.2% decline from its all-time high of $0.4313 recorded late last year. Over the past week, the market has seen limited upward movement, with TRX trading in a narrow range, suggesting…
Tag: USDT
Tether Stays On Top, But These Three Competitors Are Closing In On USDT
The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms. Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold its…
Altcoin Rally To Commence When These 2 Signals Activate – Details
The altseason fanfare remains on the rise despite a broad altcoin rally two weeks ago that has quickly evaporated in a wider market correction. As investors continue to await a potential rebound from these price dips, a popular analyst with X user PlanD has highlighted the two crucial signals that may initiate an altcoin market…
Tether Changes Strategy In 2025—5 Blockchains To Be Phased Out
Tether’s latest move aims to streamline its stablecoin operations. The company plans to end USDT redemptions and token issuance on five older blockchains by September 1, 2025. Any tokens left on Omni Layer, Bitcoin Cash SLP, Kusama, EOS and Algorand will become frozen after that date. Focus Shifts Away From Legacy Chains Based on reports from Tether,…
Stablecoin Exchange Inflows Plummet $61 Billion—Warning Sign For Bitcoin?
On-chain data shows the exchange inflows related to the stablecoins USDT and USDC have seen a sharp plunge. Here’s what this could mean for Bitcoin and other cryptocurrencies. Stablecoin Exchange Inflows Have Dropped Below Yearly Average In a new stablecoins in the sector, USDT and USDC. The “Exchange Inflow” refers to an on-chain indicator that…
Stablecoins To Hit $2 Trillion? US Treasury Hints At Explosive Growth
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Growth Forecast Details According to Bloomberg, Bessent said…
Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO
Tether, the issuer of the USDT stablecoin, has quietly funneled roughly $5 billion of its earnings into a mix of US businesses and government debt over the past two years. It’s putting money where its mouth is. According to CEO Paolo Ardoino, these moves are meant to show how tied the company is to the…
TRON Block Production Hits 99.7% as $1B USDT Mint Boosts Network Activity
TRON’s native token, TRX, has reflected the broader market’s recent sluggishness, with minimal movement over the past weeks. The token recorded a marginal 0.2% decline over the last seven days and is currently trading at approximately $0.2451, showing a 1.8% decrease in the last 24 hours. Despite this muted price activity, TRON’s network fundamentals suggest…
Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets
Malware operations targeting holders of Ethereum, XRP, and Solana cryptocurrencies have been exposed by cybersecurity researchers. The threat attacks Atomic and Exodus wallet owners by using compromised software packages installed by developers unaware of the malware contained in the code. The malware, upon execution, is able to send cryptocurrency to thief-held addresses with no indication…
Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone
Crypto analyst El Crypto has raised the possibility of an altcoin season happening soon. The analyst alluded to Bitcoin’s dominance rising to a major rejection zone, which could be bullish for altcoins. Altcoin Season May Be Imminent As Dominance Hits Major Rejection Zone In an X post, El Crypto suggested that the altcoin season may…