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Day: March 26, 2023

Tron sees expansion, but this impending danger can’t be ignored

Tron sees expansion, but this impending danger can’t be ignored

The TRON [TRX] ecosystem published a report on the network’s major advancements that took happened throughout the week that passed by. The network’s growing dominance in the stablecoin market was one of the key learnings, as Tether [USDT] saw its circulating supply reach a record high. In sharp contrast to Ethereum [ETH], which had a weekly decline of 2.3%, the total market cap of stablecoins on the network increased by 5% over the past week to $43.57 billion. Up until March 24, the chain’s income increased by 70%, while its daily user base increased by 21%. However, since March 2022, the total value locked (TVL) has decreased by 3%, raising questions about liquidity. The price of TRX fell 13%, however it has subsequently risen to $0.06375 as of this writing. News Sorce

In-Chat Tether Transfers Introduced in Telegram

In-Chat Tether Transfers Introduced in Telegram

Users can now purchase, sell, trade, and transfer Tether for free among themselves thanks to the integration of tether into the Telegram Wallet bot. Through the bot’s main menu, by utilizing an external USDT wallet, through buying the stablecoin with a bank card, or on Telegram’s peer-to-peer (P2P) market, users can top off their tether balance. The unauthorized @wallet bot introduced Toncoin (TON), which can also be sent through conversations, and Bitcoin (BTC), the cryptocurrency with the greatest market cap, in April 2022. While not directly involved in the development of the TON ecosystem, Telegram has introduced a blockchain platform called Fragment that makes it easier to buy and sell collectable usernames using toncoin. News Sorce

Euler Finance exploiter returns over 58,000 stolen Ether

Euler Finance exploiter returns over 58,000 stolen Ether

The majority of the stolen assets, including 51,000 Ether worth over $88 million, 7,737 ETH worth over $13 million, 3,000 ETH for approximately $5.4 million, and 1,000 nETH worth $1.65 million, have been returned by the hacker responsible for the $196 million Euler Financial lending protocol attack. In exchange for any information that results in the capture of the exploiter, Euler has offered a $1 bounty. News Sorce

Biggest Movers: XRP Climbs 5%, as LTC Nears Multi-Week High on Saturday

Biggest Movers: XRP Climbs 5%, as LTC Nears Multi-Week High on Saturday

Despite a decline in the market cap of all cryptocurrencies on Saturday, XRP, formerly known as ripple, increased by 5%. As prices stayed close to a multi-week high, Litecoin prices also increased to start the weekend. As positive momentum developed at the price floor, the price of XRP/USD rose to an intraday high of $0.4501. With a recent crossover between the 10-day and 25-day moving averages, LTC/USD increased to a high of $93.97. If positive momentum persists, there is a good chance that LTC will rise above $100. News Sorce