TRON Financial News

Blockchain intelligence platform TRM Labs recently released a report that presents several case studies highlighting the use of cryptocurrency by ISIS affiliates across Asia. The report links on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria.

Billionaire Tron (TRX) founder Justin Sun has predicted that tokenized know-your-customer (KYC) checks will become increasingly prevalent as regulations tighten, while offering his own identity token that grants holders "citizenship" in Dominica’s metaverse.

dWallet Labs, a prominent cybersecurity research team, has uncovered a critical zero-day vulnerability within the multisignature (multisig) mechanism of the Tron (TRX) network, the firm revealed in a blog post this week.

On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet.

The cryptocurrency market experienced a dull month with Bitcoin (BTC) dropping 7.37%, its worst performance since November 2022 and Ethereum (ETH) losing 0.22% in May. 

A research team at dWallet Labs has discovered a zero-day vulnerability in Tron multisig accounts, allowing an attacker to bypass the multi-signature mechanism and sign transactions with a single signature. 

debt ceiling stalemate and rising inflation in the UK. Bitcoin, in particular, has been witnessing significant fluctuations, trading between the range of US$26,000 and US$27,500 in recent days. On Thursday, BTC dropped below the US$26,000 level, as bearish pressure intensified in the market. This decline led to BTC reaching its lowest point since May 12th, touching a bottom of US$25,810. In the past 24 hours, Bitcoin's trading range has revolved around the US$26,400 level, showing a gain of over 1%. This increase can be attributed to the release of stronger-than-expected unemployment and productivity data in the United States. However, market sentiment remains heavily influenced by the ongoing negotiations surrounding the debt ceiling, which continues to capture investors' attention. Bitcoin has seen a decline of 9% in its month-to-date performance. Currently, BTC faces a resistance level at US$26,471. If the price manages to close near this level, it could potentially pave the way for further upward movement towards the US$26,600 and US$27,000 levels. Shifting focus to Ethereum, the second largest cryptocurrency, it has recorded a minor gain of 1.8% over the past 24 hours, with the currency trading around US$1,814. Ethereum has shown positive momentum over the past four days. While it has experienced a decline of over 4% in the month-to-date performance, it has surged by more than 50% year-to-date, showcasing its overall upward trend.

With the crypto markets seeing less trading volume, Bitcoin's price fluctuations have mellowed lately.

Crypto billionaire Justin Sun, a titan in the space, just announced that he would begin trading meme coins and promising projects through his public wallet address.

Bitcoin and Ethereum are currently witnessing a significant uptick, coinciding with a downturn in traditional banking equities, particularly in light of the recent sale of First Republic Bank.

Coinbase CEO Brian Armstrong has voiced concerns over the lack of regulatory clarity in the United States, a development that has fed into increasing questions about the future of cryptocurrencies in the country.

A United States court has issued a summons to Tron founder Justin Sun’s Singapore address in connection to a Securities and Exchange Commission (SEC) civil case.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Shiba Inu (SHIB), the dog-meme-inspired ERC-20 token that powers the Shiba Inu web3 ecosystem, has had a higher market capitalization than Tron (TRX), the cryptocurrency that powers the Tron blockchain protocol, since mid-March.

The controversial crypto entrepreneur Justin Sun is facing a lawsuit from the US Securities and Exchange Commission (SEC) over a scheme to pay celebrities to shill Tron’s TRX and BitTorrent (BTT) tokens.

Telegram users can now transfer the world's most popular stablecoin, Tether (USDT), through chats. 

The United States Securities and Exchange Commission, or SEC, has called for a jury trial against Tron founder Justin Sun for the “orchestration of the unregistered offer and sale, manipulative trading, and unlawful touting of crypto asset securities.”

cryptocurrency market was trading mixed on Friday. Bitcoin, Ethereum, BNB and Polygon were trading with cuts, while Polkadot, Shiba Inu and Tron witnessed gains. Bitcoin (BTC) fell 1.35% to $23,546, whereas Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $29.49 billion, falling 2.03% in the last 24 hours. «Bitcoin jumped above the $24,000 level in the past 24 hours as markets continued to react to the latest Federal Reserve's policy. BTC briefly hit this level for the first time since August but quickly dropped back to $23,500 due to volatility. Ethereum also rose, with prices nearly reaching $1,700, its highest since September. The immediate resistance for Ethereum is near $1,700, with the next major resistance at $1,720. If it doesn't clear the $1,700 resistance, a correction may occur,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading lower around $1.08 trillion, falling 1.16% in the last 24 hours.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

The cryptocurrency market continues to trade sideways today, with Bitcoin hovering around the $16,500 mark and most altcoins not seeing much action either.

Justin Sun, the Founder of Tron (TRX), is reportedly open to deals for the assets of the now-defunct crypto exchange FTX.