Cryptocurrency Live News & Updates : SRM Transforms into Tron Inc. Amid Crypto Shift
SRM Entertainment has rebranded as Tron Inc. and will trade under the Nasdaq ticker 'TRON', marking its shift from a toy supplier to a major player in the crypto treasury space with over 365 million TRX tokens. In a surprising corporate transformation, SRM Entertainment has rebranded as Tron Inc., aligning itself with the cryptocurrency sector by stockpiling over 365 million TRX tokens. This shift raises questions about its identity, as it continues to operate in the theme park merchandise space. Meanwhile, political dynamics are at play, with Donald Trump expressing dissatisfaction with Federal Reserve Chairman Jerome Powell, potentially leading to his dismissal. Trump's coalition against Powell is gaining traction, with calls for investigations into the Fed's operations. In the DeFi arena, World Liberty Financial's WLFI token is set to become tradable after a governance vote passed overwhelmingly, allowing early investors to unlock their tokens. Additionally, XRP's price is on the rise, with analysts predicting it could reach $5 due to increasing demand and positive market indicators. Lastly, Arbitrum's token ARB surged after being listed as a supported chain for PayPal's PYUSD stablecoin, reflecting growing interest in the network. These developments highlight the evolving landscape of cryptocurrency and its intersection with traditional finance and politics. Show more
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
6 minutes ago
- Time of India
Foreign outflows, weak macro signals to keep investors on edge
Out of the total 4,153 stocks traded on the Bombay Stock Exchange, 1,525 advanced and 2,502 declined on Thursday. Indian stock markets closed lower on Thursday. This happened after a day of fluctuating gains and losses. Investors were concerned about US President Donald Trump's new tariffs on Indian exports. The Nifty and Sensex both experienced declines. Market volatility increased, indicating caution among traders. Experts suggest that rallies may face resistance due to various economic factors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Indian benchmark indices ended lower on Thursday after swinging between gains and losses as investors weighed the impact of US President Donald Trump's unexpected announcement imposing 25% tariffs on Indian exports to the US from August Nifty fell 86.7 points, or 0.35%, to close at 24,768.35. BSE's Sensex declined 296.28 points, or 0.36%, to end at 81,185.58. Both indices had declined nearly 1% in early hours of trading. The Nifty 50 was up 0.4% intraday, before ending the day lower."Despite the movement, there is no sign of panic among traders, as further escalation appears unlikely," said Amit Khurana, head of equities at Dolat Capital Volatility Index or VIX - popularly known as the fear gauge of the market - gained 3% to end at 11.54 levels, indicating heightened caution among rebound is likely to face hurdles in the absence of limited positive triggers, said Sriram Velayudhan, senior vice president, IIFL Capital Services "Rallies in the short term may face resistance around the 25,100-25,200 levels," he said. " Investor sentiment will remain cautious owing to headwinds like weak earnings, depreciating rupee, uncertainty around trade agreement and foreign outflows."The broad market indices also fell, with Nifty Midcap 150 dropping 0.8% and Nifty Small-cap 250 declining 0.9%. Out of the total 4,153 stocks traded on the Bombay Stock Exchange, 1,525 advanced and 2,502 declined on Thursday.
The Hindu
6 minutes ago
- The Hindu
U.S. President Donald Trump increases tariff on Canada to 35%, White House says
U.S. President Donald Trump signed an executive order on Thursday (July 31, 2025) increasing tariffs on Canadian goods to 35% from 25%, the White House said. The new rates goes into effect on August 1. "In response to Canada's continued inaction and retaliation, President Trump has found it necessary to increase the tariff on Canada from 25% to 35% to effectively address the existing emergency," the White House said.
The Hindu
6 minutes ago
- The Hindu
U.S. President Donald Trump sets 10% to 41% ‘reciprocal' tariffs on dozens of countries' exports
President Donald Trump signed an executive order on Thursday (July 35, 2025) imposing reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations. Rates were set at 25% for India's U.S.-bound exports, 20% for Taiwan's and 30% for South Africa's. The new new tariffs on a wide swath of U.S. trading partners to go into effect in seven days — the next step in his trade agenda that will test the global economy and alliances. The order was issued shortly after 7 p.m. It came after a flurry of tariff-related activity in recent days, as the White House announced agreements with various nations and blocs ahead of Mr. Trump's self-imposed Aug. 1 deadline. Also on Thursday (July 31, 2025), Mr. Trump announced that he would be extending trade negotiations with Mexico for 90 days. But the vast majority of nations are continuing to face uncertainty ahead of the coming deadline. And while a handful of trade deals have also trickled in, many details remain hazy — with businesses and manufacturers around the world bracing for heightened operating costs and potential price hikes regardless. Meanwhile, Mr. Trump's overhaul of American trade policy hasn't gone unchallenged. Appellate court judges have expressed broad skepticism around Trump's legal rationale for his most expansive round of tariffs. More details are awaited
