Latest news with #TRON
Yahoo
4 hours ago
- Business
- Yahoo
TRON Jumps After Sun's Tweet, Network Volume Hits All-Time High
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. TRON (CRYPTO: TRX) is trading at $0.2688, after a price spike of 4.2%. According to CoinMarketCap, the surge came within two hours following a tweet from TRON founder, Justin Sun, on June 3, making TRX the 9th largest crypto. Sun tweeted 'looking forward to it', which reflected interest generated by his social media activity. According to BeInCrypto, market interest is influenced by TRON's network performance. TRX recorded a new all-time high in monthly transfer volume in May 2025. Per TradersUnion, analysts reported that 490.3 billion TRX were transferred, which is equivalent to $132.4 billion at a price of $0.27. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. New to trading crypto? on Coinbase. The volume was a 34% increase from the 362.92 billion transferred in April 2025. TRON overtook Cardano (CRYPTO: ADA) in May to become the 9th largest cryptocurrency by market capitalization. TRON's market cap climbed to nearly $26 billion, while Cardano's dropped to $23 billion. The ranking grew as TRX's price rose 8.8% in May, per BeInCrypto. According to The Tradable, TronDAO initiated a series of unusual TRX movements, leading to community discussions about a possible sell-off. 10 transactions moved a total of 8,777,561,962 TRX to unknown wallets. TronDAO has not provided explanations for these transfers. According to a 45% surge was observed in large TRX transactions within a 24-hour period, amounting to over $215 million. TRX price is in the $0.27-$0.275 range. The consolidation indicates a mismatch between selling and buying pressure. It places TRX in a critical zone where its direction could change quickly based on market conditions. Traders should note potential false breakout signals above the $0.274 mark. The $0.255 area could become a zone for short-term buying if a positive price reaction occurs. Sun's tweet and May's record network activity offer a potentially bullish backdrop, with some forecasts targeting $1 per token. Per CoinJournal, TRX requires a 270% price increase from its current level to reach the $1 mark. Growing network activity and rising adoption indicate a potential for continued upward price movement for TRX in the near to medium term. The unexplained large TronDAO transfers and current price consolidation require close observation. More Opportunities: Grow your IRA or 401(k) with Crypto – . Trade, earn, and grow your crypto portfolio with — . Image: Shutterstock This article TRON Jumps After Sun's Tweet, Network Volume Hits All-Time High originally appeared on
Yahoo
3 days ago
- Business
- Yahoo
Bitcoin, Ethereum, Solana, and more: The top 15 cryptocurrencies everyone should know
Cryptocurrency is a growing sector in finance, influencing how we approach financial systems and investment opportunities. Each digital asset in the market has its own features and potential. But with thousands of cryptocurrencies in existence, knowing which ones might be right for you can be a challenge. Whether you are new to digital assets or just looking to stay informed in the global financial conversation, understanding the more prominent cryptocurrencies can provide perspective on how the space is developing. Here are the top 15 digital assets that stand out for their market value, innovation, and adoption potential. Classified as a stablecoin — a type of cryptocurrency intended to maintain a consistent value — DAI is designed to minimize volatility through smart contracts (digital contracts stored on a blockchain) that adjust for supply and demand. It's governed by the MakerGAO protocol and backed by overcollateralized cryptocurrency assets, meaning the value of the collateral backing the crypto is always higher than the total value of the issued DAI. The goal of DAI is to maintain a ratio of 1 DAI to $1 USD. DAI is generally more stable than other cryptocurrencies, but it may fluctuate during times of market stress. DAI is widely used in the decentralized finance (DeFi) ecosystem — a system of financial applications built on blockchain technology that allows users to borrow, lend, trade, and earn interest without relying on traditional banks. It appeals to those who value decentralization and transparency. Tronix is the native cryptocurrency of the TRON blockchain platform. It gives users more control over their data and enables developers to create decentralized applications (DApps) — programs that run on a distributed network of computers rather than a central server. This decentralized approach often increases security and user control. After purchasing TRX through a cryptocurrency exchange, you can use it to tip content creators and purchase games and apps on platforms built on the TRON network. The SHIB cryptocurrency started as a meme-based joke, but it quickly became popular among crypto investors because of its community-driven nature and viral appeal. It was created by an anonymous figure known only as 'Ryoshi' to compete with Dogecoin, Elon Musk's favorite memecoin. It enticed buyers and captured attention with its playful mascot. SHIB also immediately stood out because it was one of the first to be controlled by community members who could actively participate. Like DAI, USDC is a stablecoin designed to keep the value of one unit as close to $1 USD as possible. The biggest difference between the two is that USDC is backed by fiat currency, government-issued money not backed by a physical commodity like gold and silver, which includes U.S. government securities and cash. USDC originally launched on the Ethereum blockchain but is now available on multiple platforms, including Polygon, Base, and Avalanche, increasing its accessibility across crypto ecosystems. Tether Limited introduced its cryptocurrency several years before USDC, DAI, and other stablecoins entered the market. Like USDC, Tether is pegged to the U.S. dollar, so its value remains stable over time. USDT is available on more than a dozen platforms, so it has a relatively high trading volume compared to other stablecoins. Instead of facilitating individual transactions, Ripple's XRP gives banks and other financial institutions a faster, more secure way to transfer money across borders. Another difference between XRP and other digital currencies is that it provides liquidity and converts one fiat currency to another. For example, XRP can be used to convert U.S. dollars to Chinese yuan in Ripple's cross-border payment system. Polygon isn't a separate network — it's a sidechain or scaling solution designed to work alongside Ethereum. Because of its popularity, Ethereum can be slow and costly. High transaction fees make it difficult for users to earn a return on small investments. Polygon helps by processing transactions off the Ethereum chain, reducing costs and preventing delays. MATIC, Polygon's native token, can be used for purchases, staking rewards on your crypto balance, and voting on proposed network upgrades. Developed by Ava Labs, the Avalanche network offers a faster and more scalable alternative to Ethereum and other high-traffic blockchain platforms. AVAX, its native token, is used for staking (earning rewards), transactions, and trading. What makes the Avalanche network stand out is its eco-friendly design. AVAX uses less energy than proof-of-work cryptocurrencies like Bitcoin, appealing to investors who want to trade crypto while minimizing their carbon footprint. Telegram, a cloud-based messaging service, originally developed the Telegram Open Network (TON) with the intention of launching a cryptocurrency known as Gram. The company raised more than $1 billion in a private token sale, but had to abandon its plans when the Securities and Exchange Commission filed a lawsuit alleging that Telegram raised the funds by selling unregistered securities. After Telegram withdrew from the development and launch of the TON blockchain and Gram token, the project continued to develop under the name 'The Open Network' and became community-led. Telegram continues to allow its users to send TON cryptocurrency directly within the messaging app, despite no longer controlling the project. Jackson Palmer and Billy Markus created Dogecoin as a satire to highlight the volatility of the early cryptocurrency market. While it started off as just a memecoin, DOGE gained traction, becoming a viable alternative to Bitcoin and Ethereum. Elon Musk further boosted DOGE by frequently referencing it on social media, and eventually using its ticker symbol as the shorthand for his Department of Government Efficiency. Like other cryptocurrencies, DOGE can be used for online tipping, charitable donations, investing, and quick, low-cost payments. Named after Ada Lovelace, a mathematician whose work helped make modern computer programming possible, ADA is the native coin for the Cardano platform. While Cardano supports smart contracts, it doesn't consume as much energy as other blockchain platforms, giving users a more sustainable option. Cardano also uses a unique proof-of-stake system to validate transactions, making the platform more secure and scalable. The Solana platform offers the same basic functions as other blockchain platforms, but with faster transaction speeds. You can send money to someone thousands of miles away in seconds. Solana's founders also wanted to keep fees low, making the platform highly attractive to users who want to make small payments rather than deposit hundreds of thousands of dollars. Developed by Binance, one of the biggest players in the crypto industry, BNB enables users to earn rewards, send payments, play games, and cover transaction fees. One reason for BNB's popularity is that Binance regularly burns a portion of its digital tokens, reducing supply and potentially increasing the value of the remaining cryptocurrency. Less than a year after Ethereum launched, hackers stole $50 million from the DAO, one of the network's largest decentralized apps. The theft led to a split in the Ethereum community and resulted in the creation of Ethereum (ETH) and Ethereum Classic (ETC). Despite this, the platform's momentum stayed strong, and developers continued to use Ethereum to build decentralized applications and make payments, which resulted in unprecedented growth. Ethereum has even been able to reduce its energy consumption by switching from a proof-of-work system to a proof-of-stake system — a move that began with the Ethereum 2.0 upgrade. As the original digital payment token introduced to the public in 2008, Bitcoin is used by investors and consumers for value exchange — trading digital assets for other assets — and purchases. Developed by an anonymous group or individual using the pseudonym 'Satoshi Nakamoto,' BTC is one of the largest and most well-known cryptocurrencies. This worldwide cryptocurrency is open source, meaning it isn't owned by any one person and everyone can use it. It was also one of the first cryptocurrencies to receive support from major companies, including Tesla, PayPal, and Microsoft. Since its launch, Bitcoin has undergone several updates, making it faster, more efficient, and more scalable. For the latest news, Facebook, Twitter and Instagram. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Tron Price Prediction - What could affect TRX's future price?
TRON price prediction: TRON's price could rise if Bitcoin rallies and stablecoin dominance grows, but faces downside risks from whale concentration and regulatory uncertainty. - Bitcoin correlation (0.88) may amplify gains if BTC resumes uptrend. - USDT dominance ($77.7B on TRON) drives utility but invites regulatory scrutiny. - Whales control 72% of supply, raising volatility risks. TRON now processes $611B monthly USDT transfers, surpassing Ethereum and cementing its role as the leading stablecoin settlement layer. This dominance attracts liquidity but exposes TRX to regulatory risks, especially as the SEC prepares a DeFi policy roundtable in June 2025. TRON's 2.4M daily active addresses outpace Ethereum and Base, signaling robust adoption. However, competition from Ethereum's ETF momentum and Solana's low-fee stablecoin growth could pressure TRX's market share. Key levels: Immediate resistance at $0.28 (rejected twice in May 2025). A breakout could target $0.30–$0.38. Support sits at $0.26 (50-day SMA) and $0.243 (swing low). Momentum: RSI (60.77) and MACD (-0.00039) suggest neutral-to-bearish short-term bias. A bullish reversal requires closing above $0.275 (200-day EMA). Derivative markets show balanced open interest ($220M–$240M), with no extreme long/short skew, reducing liquidation cascade risks. The SEC's June 9 'DeFi and the American Spirit' roundtable could clarify rules for protocols like TRON. A hostile stance might dampen sentiment, while clear guidelines could legitimize its $5.5B DeFi ecosystem. Bitcoin ETF flows and Fed rate decisions will also influence TRX's correlation-driven moves. TRX's price hinges on Bitcoin's trajectory, stablecoin adoption trends, and regulatory clarity. Watch for a decisive break above $0.28 with volume, or a drop below $0.26 signaling bearish momentum. What catalyst could decouple TRX from Bitcoin's price action? TRON price prediction: TRON (TRX) sentiment is bullish among traders and analysts, driven by surging USDT adoption, strong Bitcoin correlation, and strategic partnerships, though regulatory risks and technical resistance remain key watchpoints. - TRX now leads Ethereum in USDT transactions ($611B monthly volume). - TRX-BTC correlation (0.88) sparks 4x price surge predictions if Bitcoin rallies. - Partnerships (Rumble Cloud, MoonPay) boost infrastructure and U.S. access. - Technical analysis highlights bullish patterns but warns of resistance at $0.28. Bullish sentiment dominates (61/100 on CMC Fear & Greed Index) due to:- USDT dominance: TRON processed $611B in USDT transfers in May 2025, surpassing Ethereum's volume.- BTC correlation: Analysts like Carmelo Alemán note TRX's 0.88 correlation with Bitcoin, suggesting amplified gains if BTC rallies.- Bearish risks include SEC scrutiny of DeFi (June 9 roundtable) and whale dominance (72% supply held by large wallets). Stablecoin utility: TRON hosts $77.7B in USDT, positioning it as a global payments rail, especially in emerging markets. Technical targets: Traders eye $0.326–$0.4336 if TRX breaks $0.28 resistance, but warn of sell pressure near $0.276–$0.28. Regulatory friction: Mixed reactions to TRON's U.S. expansion via MoonPay and SEC's DeFi dialogue. X (Twitter): Focus on metrics (2.4M daily active addresses) and partnerships. Justin Sun's 'TRX=BTC' posts drove engagement. Telegram/TradingView: Technical traders debate short-term consolidation vs. breakout potential. Reddit: Skepticism persists around centralization (72% whale holdings) and past vulnerabilities (2024 multisig patch). TRON's bullish case hinges on stablecoin dominance and Bitcoin's momentum, but technical resistance and regulatory uncertainty could cap near-term gains. Will TRX's USDT dominance translate into sustained price appreciation, or will reliance on Bitcoin's trend leave it vulnerable to broader market swings? To get the latest update on TRX, visit our Tron currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Sign in to access your portfolio
Business Mayor
24-05-2025
- Business Mayor
Italian businessman tortured for weeks with chainsaw and Taser in luxury New York apartment by crypto investor, police say
The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US A cryptocurrency investor from Kentucky was arrested in Manhattan on Friday after allegedly holding an Italian businessman captive for more than two weeks in a luxury SoHo apartment. John Woeltz, 37, has been charged with two counts of assault, kidnapping, unlawful imprisonment, and criminal possession of a weapon, according to the New York City Police Department. A bloody and bruised 28-year-old businessman, who has not been publicly identified, allegedly escaped Woeltz's Prince Street apartment hours before he believed he would be killed. The man approached a nearby traffic agent, who then called police. Rents in SoHo are high. That on Woeltz's apartment is thought to be between $30,000 and $40,000 a month (Getty Images) Woeltz was arraigned in Manhattan criminal court on Saturday. He is being held without bail and was forced to surrender his passport, according to the office of Manhattan District Attorney Alvin Bragg. The businessman claimed he arrived in New York from Italy on May 6 and went to Woeltz's apartment, where Woeltz stole his electronic devices and his passport then demanded the businessman's Bitcoin password. When he refused, Woeltz and another man held him captive for more than two weeks of torture, including shocking him with wires, holding a gun to his head, and suspending him over the ledge of the five-story building, according to a criminal complaint. He was bound with electrical cords, tasered while his feet were in water, pistol-whipped, forced to take cocaine, and threatened with having his limbs cut off with an electric chainsaw, according to police. Read More TRON and BitTorrent are exploring zkEVM integration The abuse continued until the victim escaped on Friday morning. When police entered Woeltz's apartment, they reportedly found Polaroids depicting the man being tied up with electrical wire, tortured, and bound to a chair with a gun pointed to his head. The Polaroids were likely used to extort money from either the victim or his family in Italy, police said. Officers also found guns and several torture devices in the apartment, reportedly rented for $30,000 to $40,000 a month. Police found no other victims in the apartment. Officials also arrested Beatrice Folchi, 24, of Manhattan, on Saturday, on kidnapping and unlawful imprisonment charges stemming from the incident. Folchi's alleged role or relationship to Woeltz is unclear. Police are still searching for another male suspect. The allegations follow a string of reported attacks targeting crypto investors and executives for access to accounts worth millions of dollars locked behind sophisticated encryption. Neighbors were shocked by news of the alleged crimes. 'This is definitely the strangest thing I've seen in my time here,' Ciaran Tully, who works across the street from Woeltz's apartment building, told The New York Post. Tully claimed he saw a barefoot Woeltz detained in a white bathrobe. 'Normally, this is a pretty quiet block,' he said. 'I just can't believe stuff like this would happen in 2025 in New York of all places,' Midtown resident Kareem Hakemy told CBS News. 'This is our borough, our neighborhood. … We have to be careful.'
Yahoo
24-05-2025
- Business
- Yahoo
Dramatic event before Trump's VIP dinner has token slipping 13%
A dramatic event took place on May 22 as President Donald Trump hosted the top 220 holders of the TRUMP meme coin at the VIP dinner. A pseudonymous on-chain sleuth, who goes by the X handle "dethective," revealed that a large number of dinner attendees dumped the meme coin before arriving at Trump's golf club just outside Washington, DC for the private dinner. A meme coin is a type of cryptocurrency that is inspired by an internet meme or trend and parodies mainstream cryptocurrencies such as Bitcoin. As per the sleuth, almost 1 in 2 people who attended the dinner weren't holding any TRUMP token in their wallets while attending the dinner. In fact, 92 out of 220 wallets held no TRUMP tokens on the day. In fact, more than 40% of the dinner guests had dumped their tokens, the sleuth analyzed. The token balance among top TRUMP holders slipped from 11.3 million to 7 million following the much-publicized event. The TRUMP meme coin declined by 13% in a day and was quoting 15.87 at press time. Trump launched the eponymous meme coin on Jan. 17 when industry leaders were at an unofficial ball organized by crypto companies to celebrate the pro-crypto presidential candidate's win. The token hit its record high of $75.35 on Jan. 19, a day before his presidential inauguration. However, it fell below $30 by the end of January and continued to decline until the Apr. 23 announcement of the dinner, which led to the token floating above the $15 price mark. The 220 guests spent roughly $394 million to make it to the VIP dinner, CryptoRank revealed on X. TRON founder Justin Sun, who acquired TRUMP tokens worth $19 million, was the most high-profile guest who said Trump "awarded" him a Trump Golden Tourbillon watch. 72% of the guests were from outside the U.S., data showed. About 100 demonstrators showed up to protest the gala event, decrying, "America is not for sale." Dramatic event before Trump's VIP dinner has token slipping 13% first appeared on TheStreet on May 23, 2025
