TRON (TRX) — Onchain News & Whale Tracking

Tron-based Decentralized Perpetual Contract Platform SunPerp is Now Live

September 19th, Justin Sun made a post on the X platform, saying: "Decentralized perpetual contracts have a promising future on Tron. Tron is one of the main networks for USDT, and perpetual contracts are one of the earliest application scenarios for USDT. Although it was a bit late to join the game, as the saying goes: The best time to plant a tree was 10 years ago; the second best time is now, and SunPerp has finally arrived."

The $USDT transfer volume on #Tron reached $36.5B yesterday, more than 7 times that of PayPal.

According to PayPal's Q2 2025 financial report, PayPal's average daily payment volume was $4.93B. And the $USDT transfer volume on #Tron reached $36.5B yesterday, more than 7 times that of PayPal.

CZ in Conversation with Founder of BNB Treasury Company B Strategy: Has Been in Contact with About 50 Potential DAT Teams, Only a Few Backed by Strong Companies

On September 17th, the BNB Treasury Company B Strategy put out a video on the X platform where its founder Leon Lu had a conversation with CZ. In this video, CZ said that BNB is a utility token and is the native coin on multiple blockchains. BNB is also one of the few tokens with numerous use cases on CEX, such as offering trading discounts, engaging in yield farming, being used in Launchpad and Launchpool, and having an Alpha feature, etc. Besides, it is also utilized for payments in some countries. Regarding the BNB Digital Asset Treasury (DAT), CZ mentioned that they have reached out to about 50 potential DAT teams but are unable to support all BNB DAT companies; only a few "strong companies" will be supported. On August 25th, the digital asset investment firm B Strategy announced that it will launch a plan to list the BNB Treasury Company on Nasdaq with the aim of raising $1 billion. The unnamed BNB Treasury Company by B Strategy will receive strategic support from YZi Labs.

Tether Burns 2 Billion USDT on Tron Network

On September 16th, as monitored by @whale_alert, Tether burned 2 billion USDT on the Tron network.

Whale Trader General Gordon James Goes Long on BTC, ETH, SOL, SUI, and other major coins, with a total position value of $145 million

On September 16th, according to Ashes Monitoring, whale trader General Gordon James (@General6316) has currently established a long position worth $145 million on Hyperliquid, encompassing BTC, ETH, SOL, and SUI. There is a largest position which is a $90 million long position on BTC. The opening price of this position is $113,849 and the liquidation price is $109,014.

Point of View: Digital Currency Electronic Payment (DCEP) and Stablecoins are more complementary than opposed to each other, but there is competition in terms of user mindset and payment gateways

September 15th. According to Caixin, Liu Xingliang, a member of the Expert Committee on Information and Communication Economy of the Ministry of Industry and Information Technology, pointed out that the People's Bank Digital Currency (the Hong Kong version of the "Fiat-Anchored Stablecoin") is issued by licensed institutions and requires a 1:1 high-quality reserve. It also involves transparent supervision and custody arrangements, making it closer to commercial innovation and the Web3 ecosystem. Stablecoins in on-chain scenarios, with 24x7 cross-platform clearing and settlement, DeFi/Blockchain Games/Real World Assets (RWA) tokenization, and other "native on-chain" ecosystems are more flexible. However, they need strong constraints to prevent runs and on-chain risk spillovers. Regarding cross-border and interoperability, the digital yuan focuses more on official cross-border interconnection (such as the mBridge wholesale multi-CBDC platform), emphasizing instant and atomic settlement

Today, some new coins and recently launched coins are relatively strong, with MITO showing a price increase of over 28% in the last 24 hours.

On September 15th, according to market data, some newly emerged and relatively new coins witnessed a surge today. These include: MITO surged initially and then retreated. It saw a gain of more than 28% in 24 hours and is now trading at $0.2903. AWE showed a 24-hour surge of 18.39% and is currently trading at $0.0721. LINEA recorded a 24-hour gain of 9.9% and is now trading at $0.3072. TOWNS gained 10% in the past 24 hours and is now trading at $0.02958.

Currently around $122.8 billion worth of Ether is queued for withdrawal, with around $29.7 billion worth of Ether waiting to be admitted.

On September 14th, based on the data from the Validator Queue tracking website "validatorqueue", as of today, the exit queue of Ethereum's PoS network is 2.636 million ETH, which is approximately worth $12.28 billion, and the current queue duration is 45 days and 18 hours. There is a blank line. The current admission queue of Ethereum's PoS network is currently showing 634,000 ETH, which is approximately worth $2.97 billion, and the queue delay is 11 days and 0 hours. There is a blank line. The significant increase in the queuing of ETH to exit Ethereum's PoS network to 2.636 million ETH is mainly due to Kiln exiting a validator node. It is reported that Kiln has staked approximately 1.6 million ETH, and "the ETH part that exits will likely re-stake these ETH with a new validator key, meaning they will not be sold." On September 10th, the staking service provider Kiln stated that, affected by the SwissBorg hack, they have begun to orderly exit all their Ethereum validating nodes to

The 24-hour revenue of #Tron is $1.42m, far surpassing other chains to rank first.

The 24-hour revenue of #Tron is $1.42m, far surpassing other chains to rank first.

Ledger is launching an enterprise mobile app and adding support for TRON-based stablecoin transactions

On September 11th, according to TheBlock, Ledger has made the iOS application Ledger Enterprise available to its enterprise customers and has added native support for the TRON blockchain.

Crypto Market Experiences a Strong Recovery, Total Market Cap Surpasses $4 Trillion

On September 10th, according to Coingecko data, the cryptocurrency market has witnessed a comprehensive recovery. The total market capitalization has exceeded $4 trillion and now stands at $4.05 trillion, with a 24-hour increase of 0.9%. Based on HTX market data, Bitcoin surged by over $2,000 this evening and rose above $114,000. Ethereum also broke through $4,400. The altcoin market has seen a rebound, including: BAKE is currently trading at $0.149, with a 24-hour increase of 333%; SLF is currently trading at $0.064, with a 24-hour increase of 167%; PLUME is currently trading at $0.117, with a 24-hour increase of 16%; PYTH is currently trading at $0.183, with a 24-hour increase of 12.3%; MUBARAK is currently trading at $0.033, with a 24-hour increase of 8.1%.

Glassnode: Bitcoin Index Reflects Strong Bearish Market Sentiment, Signaling Institutional Active Hedging Activity

On September 8th, Glassnode made a post on social media, indicating that Bitcoin's 25Delta Skew Index (for 1 month) has been continuously climbing to a historic high. This reflects strong demand for downside protection options. It is not just a bearish signal in the market but often indicates active institutional hedging activities. With the rise of Bitcoin ETFs and Digital Asset Trusts (DATs), institutions are heavily entering the market - acquiring risk exposure while managing downside risk through put options.

Vitalik: Ethereum Team Performs Strongly This Year, Will Achieve Key Milestones Through Short-Term Scalability Roadmap

September 7th: Vitalik, a co-founder of Ethereum, posted an article indicating that the Ethereum team has performed admirably this year. They have made contributions in multiple aspects to guarantee Ethereum's long-term scalability, decentralization, and resilience. The team's ideas will be incorporated into the short-term scalability roadmap and they are expected to achieve key milestones. Vitalik's retweet reveals that Ethereum developers have proposed a minimal zkVM for Ethereum named "leanVM" and have optimized it for XMSS aggregation and recursion. Currently, the recursion time is 2.7 seconds, and they aim to achieve a 10x improvement.

Analysis: The August ADP data was not very strong, but that does not mean that employment opportunities are shrinking significantly.

On September 4th, the U.S. financial website "investinglive" stated that the August ADP data was not very favorable. However, this does not imply that job opportunities are rapidly decreasing. Currently, there is indeed some concern regarding the employment situation. Earlier reports showed that the U.S. August ADP employment figure was 54,000, with an expected value of 65,000 and a previous value of 104,000. (Jin10)

Analyst: ETH Outperforms on Strong Treasury Holdings, Sustainability of High Inflows Questioned

On September 4th, according to The Block, Presto research analyst Min Jung stated that the market's buying pressure is mainly sustained by the continuous accumulation of Digital Asset Treasury (DAT) companies. He attributed Ethereum's significant surge on Wednesday to this trend. Jung said, "ETH performed well again, likely due to the same fund inflow driven by DAT. However, we remain cautious about the sustainability of this theme and the ability of DAT companies to maintain high purchase volumes." The analyst also previously pointed out that funds are continuously rotating from Bitcoin to Ethereum as traders believe that after Bitcoin hit historic highs in July and August, Ethereum offered more profit-taking opportunities.

Matrixport: Strongly Bullish on Bitcoin's Long-Term Outlook

On September 3rd, Matrixport announced on its official channel that gold has surpassed the $3400 mark, which is a key resistance level that has been suppressing the price for the past four months. Although the current currency issuance is relatively moderate, this rally still occurred. Forward-looking investors have simultaneously positioned themselves in gold and Bitcoin. While Bitcoin is still in a consolidation stage, its long-term outlook remains firmly bullish. (This analysis was written by independent analyst Markus Thielen.)

Canadian chain restaurant Tahini’s has announced it will be increasing its Bitcoin holdings.

On September 3rd, the Canadian chain restaurant Tahini's announced last night on the X platform that it has just made a purchase of Bitcoin. However, it did not disclose the specific purchase amount or the holding status. According to Thestreet, Tahini's has been purchasing Bitcoin since 2020 and has continuously been buying cryptocurrency. Currently, even a Bitcoin ATM has been installed in its restaurant.

TRX Treasury Company Tron Inc Receives $110 Million New Investment, Holding TRX Worth Over $220 Million

On September 2nd, the U.S.-listed TRX Treasury company Tron Inc. (TRON) obtained a new investment of $110 million from its largest shareholder to expand the TRX Treasury. Its largest shareholder, Bravemorning Limited, exercised warrants worth $110 million, which increased its holdings by 312,500,100 TRX tokens. As a result, the company's total TRX token holdings exceeded $220 million. After this transaction, Bravemorning's stake in Tron Inc. reached 86.6%, further strengthening its controlling position.

Justin Sun: Tron Network has minted an additional 25 million USD1

On September 2nd, Justin Sun made a post on social media stating that the Tron network had just minted an additional 25 million USD1, and the total supply of USD1 on the network had reached more than 50 million.

The number of active addresses on #Tron is 2.48M, ranking #1 among all chains.

The number of active addresses on #Tron is 2.48M, ranking #1 among all chains.

Justin Sun: Tron TRX Network Fee Reduced by 60% to Take Effect Today

August 29th. Justin Sun, the founder of TRON, stated that on August 26th, the TRON Super Representatives community proposed a 60% reduction in Tron network fees. This constitutes the most substantial fee reduction since the establishment of the Tron network. The proposal has now received approval and will come into effect at 20:00 GMT+8 on Friday, August 29th. Justin Sun holds the following viewpoints regarding this proposal: The fee reduction is a genuine benefit for users. A 60% reduction is a courageous move that most networks are unable to match; The short-term profitability of the TRON network will be impacted, but in the long run, profitability will be enhanced, with a greater number of users and more transactions occurring on the Tron network; In the future, the TRON Super Representatives community will regularly observe network fees on a quarterly basis. They will evaluate the network's fees based on indicators such as TRX price fluctuations, network usage, future growth ra

XPL Price Manipulation Nets $38.77 Million in Liquidation Profits, Whale Opens $31 Million XPL Long Position Through 15 Addresses Again

On August 29th, according to the monitoring of Delphi Digital, the day before yesterday, a whale achieved a profit of $38.77 million by manipulating XPL liquidation. It has recently been gradually dispersing the profit funds to more than 20 addresses. Subsequently, some of the funds were re-deposited into Hyperliquid to leverage 1x long XPL. Currently, they have opened at least 15 positions with 1x leverage to go long on XPL, with a total position value of $31 million and an average entry price of approximately $0.7. The total combined long and short positions for XPL on Hyperliquid is currently around $80 million, indicating that the vast majority of the XPL long positions are held by this whale.

Analyst: Initial Jobless Claims Data Strong, Highlighting Resilience of the US Labor Market

On August 28th, Analyst Giuseppe Dellamotta's analysis of US initial claims data showed that the data exhibited strength. This was particularly the case when considering the downward revision of continuing claims. Unemployment claims data continue to affirm the resilience of the labor market. Now, the market focus will shift to the employment sub-index of the ISM Purchasing Managers' Index, ADP private employment data, and the US non-farm payroll report. (FXStreet)

deBridge has announced that it has integrated the Tron network

On August 26th, according to official information, the cross-chain interoperability protocol deBridge announced its integration with the Tron network. Users are now able to carry out real-time asset exchanges between Tron, Ethereum, Solana, and more than twenty other blockchains. This integration has incorporated Tron's high-throughput network into deBridge's routing system, allowing nearly half of the circulating USDT stablecoin to achieve low-slippage and MEV-protected transfers.

Justin Sun Appears at WebX2025 in Japan: Industry Consensus Drives TRON to Become the Core Network of Global Stablecoins

On August 25th, Justin Sun, the founder of the Tron Foundation, delivered a keynote speech entitled "Tron TRON at the Core of Global Stablecoin Activities" at the WebX Summit in Japan. In the speech, he disclosed that the supply of USDT on the Tron TRON blockchain has exceeded 82 billion US dollars, and the daily active users have exceeded 1 million. He pointed out that this is not a short-term spike but the result of long-term adherence to high speed, low cost, and stability. Stablecoins are at the core of global financial digitization, and Tron TRON has become one of the most reliable networks in this field. He also emphasized that the addition of USD1 shows that more issuers are recognizing the ecosystem advantages of Tron TRON. WebX is known to be one of the largest and most influential blockchain and crypto asset conferences in Asia. It is organized by the Japanese crypto media CoinPost. The conference is held annually in Tokyo and brings together blockchain enterprises, financia

Analysis: OTC Platforms and Market Makers Show Stronger Demand for ETH than BTC; ETH May Continue to Outperform BTC in the Future

On August 23rd, following Federal Reserve Chairman Powell's dovish signal at the Jackson Hole Economic Symposium, which went against market expectations of a tougher stance, cryptocurrencies witnessed a surge on Friday night. Consequently, asset managers anticipate that Bitcoin (BTC), Ethereum (ETH), and certain altcoins will reach new highs. Analysts from Monarq Asset Management project that the price of Ethereum will ascend to above $5,000 in the forthcoming days. Sam Gaer, the Chief Investment Officer of the Monarq Direction Fund, informed CoinDesk, "We maintain an overall bullish outlook. The market's internal structure remains in good health with little indication of overheating. As you mentioned, the path to new highs for BTC and ETH is quite evident." Gaer stated that over-the-counter desks and market makers have a greater demand for ETH compared to BTC, suggesting that Ethereum may outperform Bitcoin in the future. Nevertheless, BTC itself is also demonstrating strong impetus

Analysis: OKB's on-chain price surge is attributed to low liquidity, strong hodling, and lack of cross-chain support

August 21st. The on-chain analyst Ai Auntie (@ai_9684xtpa) tweeted that the on-chain price of OKB reached a peak of $342. The on-chain liquidity of OKB on the Ethereum mainnet was merely $253,000. Either the official team burned a large portion of the tokens or migrated them to the X Layer. Moreover, there is no cross-chain support between the two networks. As a result, 6 addresses purchased 138.44 OKB between 20:46 and 21:08, successfully driving up the price. Currently, there are a total of 856,000 OKB tokens on the Ethereum mainnet, which accounts for 4% of the total supply. The top 5 holding addresses own 68% of the tokens, and the top 4 addresses belong to the OKEx exchange platform.

Justin Sun: Tron will adjust network transaction fees based on the market to stay competitive

On August 21st, Justin Sun announced on social media that Tron super representatives are fully cognizant that as the price of TRX surges during a bull market, the network transaction fees are continuously on the rise. The Tron community will adjust the network fees in accordance with the actual situation to ensure the competitiveness of the Tron network.

Tom Lee: Once interest rates reflect the Fed's dovish stance, the market will end the year strong in 2025

On August 20th, Tom Lee, the newly appointed Chairman of the Board of BitMine, released the latest market outlook report. He stated, "As we enter the final third of 2025, the most significant change is the Fed's transformation towards dovishness. The ISM index is expected to rebound above 50, laying the groundwork for a strong year-end in the market of 2025. The S&P 500 index has already increased by 9% year-to-date, which is an astonishing performance in any year. Looking ahead to the last few months of 2025, it is anticipated that the market will generally continue to maintain a strong momentum." "In fact, 2025 can be divided into three phases: the first phase is tariff concerns from January to April; the second phase is a V-shaped rebound from April until now; and the third phase is a dovish Fed combined with the recovery of the ISM. Tom Lee believes that the S&P 500 index will reach 6800-7000 points by the end of the year. However, this will not be a linear path. Once interest rat

An Smart Money trader has made over $48 million in profit over the past 4 months.

On August 20th, based on LookOnChain's monitoring, a Smart Money trader whose address begins with 0x15b3 has achieved a profit of more than 48 million USD within the past 4 months. It is reported that since April, this address has taken long positions in 15 different tokens on Hyperliquid, including ETH, XRP, SOL, and LINK, with a total profit exceeding 38 million USD. In April, the trader also purchased 309 WBTC at an average price of 79,778 USD (approximately 24.68 million USD). Since June 16th, 199 WBTC have been sold at an average price of 110,687 USD (approximately 22.06 million USD). Currently, 110 WBTC (approximately 12.5 million USD) are held, with a profit of nearly 10 million USD.

MetaMask will natively integrate the TRON network

August 19th - As per The Block, a strategic partnership agreement has been reached between TRON DAO and MetaMask. MetaMask will incorporate TRON natively within its self-hosted encrypted wallet that is developed by Consensys. This integration will enable MetaMask users to interact directly with the TRON ecosystem via the wallet interface.

Analyst: Ethereum Treasury Company Continues to Buy, ETH Demand Still Strong

On August 18th, David Duong, the research director of Coinbase Institutional, posted on social media, saying, "The demand for ETH is not at an end yet. Since the early part of August, the top ETH treasury reserve companies have accumulated more than 795,000 ETH (approximately $3.6 billion), and currently they are in control of more than 2% of the total supply of ETH. At the same time, the newly raised $20 billion fund by BMNR has enhanced its total purchasing power to $24.5 billion."

A certain Smart Money went 2x long on SOL 1 hour ago, with a position value of over $13.5 million.

Update, August 14th: Based on on-chain data, Whale Wallet X initiated a 2x long position on SOL on Hyperliquid more than an hour ago. The position value exceeded $13.5 million, with an entry price of $207.83. This address also holds 3x long positions on SUI and XRP. This address has amassed over $5 million in profits on Hyperliquid.

If a ceasefire agreement is reached, Ukraine's European allies are considering easing sanctions on Russia.

On August 13th, as per a source close to the President of the European Commission, Ukraine's allies are contemplating a gradual relaxation of sanctions against Russia provided a comprehensive ceasefire agreement can be reached. The source further stated that in case of a violation of the agreement, sanctions will be reinstated. They aspire to promptly reach a 15-day ceasefire agreement (during which sanctions will remain in force), following which the conflict in Ukraine can be more systematically paused. In addition, a source from the Italian government indicated that they will advocate for European participation in Trump's discussion with Putin later today through a video call regarding him and the Ukraine issue. An Italian diplomat elucidated, "He has been constantly urging European countries to enhance military spending, thus we must be an integral part of these decisions." The source added that during the call, Italy will underscore the necessity of definite military, economic, an

Bitcoin Institutional Trading Volume on Coinbase Reaches 75%, Strong Institutional Demand

On August 13th, Charles Edwards, the founder of the crypto quant digital asset fund Capriole Investments, stated that Coinbase has witnessed a significant outflow of institutional funds. With US inflation cooling and the market anticipating a rate cut next month, Bitcoin has once again become the target of institutional investors. Capriole data indicates that this Tuesday, 75% of the volume on Coinbase originated from institutional investors. "Each reading above 75% has led to a higher price one week later." Capriole estimates that this week, institutional "excess demand" is approximately 600% of the daily output, while the current daily Bitcoin production is around 450 coins. Just on Tuesday, Bitcoin corporate treasuries added 810 BTC, and the accumulation on Monday was even greater, close to 3,000 BTC. These actions took place against the backdrop of July's US Consumer Price Index (CPI) data coming in lower than expected and Bitcoin's price making a push towards its all-time high.

The Tron address recently withdrew a total of $1,172,000 worth of BGB from Bitget.

On August 13th, as monitored by lookonchain, multiple addresses have been accumulating BGB recently: · The address 0x8900 withdrew 192,668 BGB from Bitget within the past 2 months (approximately $936,000). · The address 0x171D withdrew 30,607 BGB from Bitget 2 days ago (approximately $134,000). · The address 0x7C9C withdrew 20,980 BGB from Bitget in the past 3 months (approximately $102,000). It is worth noting that Bitget has burned a total of 860 million BGB in the past 8 months (approximately $5.25 billion), reducing the total supply by 43%.

Argentinian Ethereum developer Fede's intern has decided to donate $500,000 for Tornado Cash's co-founder's legal defense

On August 12th, as per The Block, the Argentine blockchain developer "Fede's intern" was briefly taken into custody by the police upon entering Turkey. He has now been released and returned to Europe. He indicated that the incident originated from a case brought against him by the Turkish Minister of Interior, alleging that he had assisted others in misusing Ethereum in relation to a certain privacy protocol. The developer mentioned that his trip was to promote a DeFi project and a wine export partnership. He emphasized that his team's previous research on Tornado Cash only encompassed de-anonymization analysis and they never engaged in any illegal activities. "Fede's intern" stated that he has made a decision to donate $500,000 to the legal defense of Tornado Cash co-founder Roman Storm.

WCR: Weekend Crypto Market Sees Strong Rebound, Market Focused on This Week's CPI Data and Institutional Demand

August 11th. QCP issued its daily market observation, stating that during the low-liquidity weekend period, the crypto market witnessed a strong rebound. Bitcoin broke through $122,000 and approached its all-time high, completely recovering from last week's decline. Ethereum performed outstandingly, rising by 21% in the past seven days and breaking through $4,300 for the first time, hitting a new high since 2021. Since mid-July, the correlation between Bitcoin and the stock market has increased significantly. Therefore, today's outperformance in the crypto market is in line with the overall trend of rising risk appetite. The U.S. stock market rebounded close to its historical high after a brief pullback following the release of last week's job data, almost ignoring the impact of new tariffs and macro uncertainty. Under the strong bullish momentum, the market's short-term focus is now on the U.S. Consumer Price Index (CPI) to be released on Tuesday. The market generally expects the ye

The Crypto Market Remains in a "Greed" State, with Sentiment Shifting from "Neutral" to Strongly Positive Since the Beginning of the Month

On August 11th, according to alternative data, the current Crypto Fear and Greed Index is 70. This compares to 69 from yesterday (with last week's average being 64), suggesting that the market sentiment is in a "Greed" state. The crypto market sentiment had previously dropped to 53 at the beginning of the month and entered "Neutral" territory for the first time since July. It has now fully recovered. Note: The Fear Index threshold ranges from 0 to 100 and incorporates the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Sentiment (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Market (10%) + Google Trends Analysis (10%).

South Korean company fanC collaborates with Initech to pilot test the Korean Won stablecoin KRWIN.

On August 6th, as per The Korea Economic Daily, the South Korean digital token developer and issuer fanC has formed a partnership with the local financial software company Initech to carry out a trial operation of a South Korean won stablecoin. The stablecoin, named KRWIN, is pegged at a 1:1 ratio to the South Korean won. This marks the first instance where a private entity has issued a digital asset based on the South Korean won with the potential for real-world economic applications. fanC declared that this issuance is a demonstration version intended to test the technical feasibility of KRWIN, including its transferability and practical applications. The issuance will be restricted to internally selected members and partner platforms for evaluation. Once KRWIN is officially launched, it is anticipated to be utilized in domains such as payments, global remittances, and tourism. Last month, fanC submitted a trademark application for KRWIN and its associated technology to the South Ko

Or possibly influenced by pump.fun's official Twitter account's "Strong Milk" meme, the related meme coin has seen a significant price increase recently.

PMI Indicates Strong Economic Growth in the US in Q3

On August 5th, the Chief Business Economist of Standard & Poor's Global stated that in July, the robust growth in business activities within the U.S. service sector served to offset the slowdown in manufacturing. This indicates a strong commencement to economic growth in the third quarter, which is a source of encouragement. Although the average GDP growth rate in the first half of 2025 was 1.25%, the July PMI suggests that the economic growth rate will double to approximately 2.5%. (FX678)

South Korean internet giant Kakao has established a Stablecoin Special Working Group

On August 5th, as per Daily Economic News, the South Korean internet behemoth Kakao has formed a special task force for stablecoins. The CEO of Kakao, Shina Chung, the CEO of Kakao Pay, Shin Won-keun, and the CEO of Kakao Bank, Yoon Ho-young, will participate in weekly meetings to deliberate on various situations and tasks associated with the project. Other subsidiaries such as Kakao Games are anticipated to join in the future. Additionally, a task force involving grassroots employees from its subsidiaries has been established to actively drive the proposed agenda forward.

Payment service company Remitly will adopt a stablecoin for cross-border payments

On August 5th, the payment service company Remitly is going to adopt stablecoin technology in order to enhance its international remittance capabilities. This action is intended to position Remitly at the forefront of financial technology innovation. By using blockchain technology, it will be able to provide customers in more than 170 countries with faster, more cost-effective, and secure cross-border payment solutions.

Some Altcoins Show Strong Rebound, CFX Surges Over 5% in Nearly 2 Hours

On August 3rd, according to HTX market data, several altcoins witnessed significant growth along with the market's rebound. These include: CFX surged by more than 5% in the past 2 hours and is currently trading at $0.2009; RSC achieved a 22.9% increase in the past 24 hours and is now trading at $0.6493; TROLL saw a 19.1% increase in the past 24 hours and is now trading at $0.08076.

Earlier, the previously strong altcoins experienced a widespread decline, with VINE and ZORA nearing a 50% drop from their all-time highs.

On August 3rd, based on market data, after the market correction, previously robust altcoins generally experienced a decline. These include: VINE witnessed a daily decline of 29.8% and is now trading at $0.06662. ZORA saw a daily drop of 15.6% and is now trading at $0.05402. ENA saw a daily decline of 9.7% and is now trading at $0.5271.

Trump: Strong Internal Dissent within the Federal Reserve Board, Will Only Escalate

On August 1st, Trump said that there is a strong internal disagreement within the Federal Reserve Board, and this situation will only intensify. (Xinhua News Agency)

Justin Sun: Checked into Astronaut Village, Starting Space Camp

Update: On August 1st, the founder of the Tron Foundation, Justin Sun, posted on the X Platform, saying, "I have checked into the astronaut village and begun space training." Earlier, there were reports suggesting that Justin Sun would take a space flight on the Blue Origin spacecraft on August 3rd.

Glassnode: BTC Price Above Short-Term Holder Cost Range, Strong Support Expected on Pullback

On July 31, Glassnode stated in a post that "The present BTC price remains above the holding cost range of all short-term holder subgroups (ranging from 24 hours to 3 months: $110,000 to $117,000). This price aligns with a low transaction volume range, suggesting that in the event of a pullback, there will be strong support."

Analyst: Over the past year, BTC whales have locked in significant profits, but strong demand from new entrants has supported the market's continued growth

On July 31st, CryptoQuant analyst Axel released data on social media, stating that over the past year, large holders have locked in substantial profits. Whale addresses holding more than 1000 bitcoins have seen a decrease of 502,000 bitcoins. Meanwhile, institutional investor demand has played a supporting role in market resilience and continued growth. In essence, over the past year, we have constantly witnessed strong demand for tokens from newly entered funds.