TRON (TRX) — Onchain News & Whale Tracking

Glassnode: Retail Investors' Demand for Bitcoin at Around $100,000 Price Level Remains Strong

On January 23rd, according to Glassnode data, the demand of retail investors for Bitcoin at around $100,000 remains robust. Last month, the Shrimp-Crab group (with holdings of no more than 1 and 10 BTC respectively) purchased 1.9 times the newly minted Bitcoin supply, amounting to 25,600 BTC.

Justin Sun: TRON Team is working hard to reduce fees to provide a 0-fee stablecoin trading experience

On January 23rd, Justin Sun, the founder of TRON and a member of the HTX Global Advisory Board, announced on social media, "TRON is excited to announce that our development team is working diligently to reduce fees significantly in order to provide users with a fee-free stablecoin trading experience. Please stay tuned."

Circle CEO: Strongly Supports Trump's Repeal of SAB 121, Executive Order Expected Soon

On January 21st, Jeremy Allaire, the CEO of Circle, stated during an interview at the World Economic Forum Annual Meeting in Davos, Switzerland. He said that U.S. President Trump may soon sign an executive order to make it more convenient for banks to hold digital assets. He expected Trump's order supporting cryptocurrency to be released "soon" without specifying a specific time. Allaire specifically pointed out the U.S. SEC's Staff Accounting Bulletin 121 (SAB 121), which is a controversial framework that has prevented financial institutions from placing cryptocurrency on their balance sheets. Although Congress voted to repeal SAB 121, the resolution was later vetoed by Biden. At that time, Biden stated, "My administration will not support measures that endanger the well-being of consumers and investors." Allaire and other cryptocurrency executives believe that SAB 121 is not designed to protect investors but to hinder the adoption of new technologies. Allaire said that SAB 121 "ha

Vitalik: Strongly Against Ethereum Foundation Staking via Service Providers, Favors Independent Staking

On January 20th, Vitalik Buterin, a co-founder of Ethereum, posted on social media and said, "Personally, I am opposed to the Ethereum Foundation using service providers for ETH staking. We should uphold the idea of supporting independent staking. Staking pools are beneficial for those who are unable to stake independently, but the EF is not in such a situation. We possess more than 32 ETH and a large number of skilled node operators." This also better aligns with the approach of using self-utilized technology to have a better understanding of the issues that need to be addressed in real-time.

Bitfinex Report: Sustained Bitcoin Demand Keeps It Strong in the Mid-Term

On January 20th, Bitfinex issued a report stating that "Last week, Bitcoin witnessed a notable rebound. It briefly dropped to a low of $89,698 and then rebounded back above $100,000. The dip below $90,000 led to a large number of liquidations. On January 13th, a record $818 million in forced liquidations occurred, with $592 million in long positions. The average cost basis of short-term holders was $88,400, which played a crucial role in this pullback and supported the price. Historically, the cost basis of short-term holders has often served as a reliable support level, and the low point last week was very close to this level, triggering the rebound. However, if the price drops below the cost basis of short-term holders, it may create selling pressure and further trigger a sell-off. This rebound was mainly driven by positive spot buying, as indicated by the significant increase in spot cumulative trading volume. This indicator shows significant buying pressure, especially on U.S.-base

TRON DAO(@trondao) spent 15M $USDT to buy 1B $WLFI again an hour ago.

TRON DAO(@trondao) spent 15M $USDT to buy 1B $WLFI again an hour ago. Justin Sun(@justinsuntron) tweeted that they are continuing to increase our investment in World Liberty Financial, with an additional $45M, bringing the total investment to $75M.

In the past 7 days, stablecoins(USDT&USDC) on #TronNetwork increased by $592.16M, and stablecoins(USDT&USDC) on #Ethereum increased by $573M.

In the past 7 days, stablecoins(USDT&USDC) on #TronNetwork increased by $592.16M, and stablecoins(USDT&USDC) on #Ethereum increased by $573M.

The Tron Network processed 749.5M transfers of USDT in 2024, averaging 2.05M daily transfers.

The TronNetwork processed 749.5M transfers of USDT in 2024, averaging 2.05M daily transfers. In 2024, the USDT transfer volume on TronNetwork reached $5.46T, a 48% increase from 2023.

Over the past 30 days, the TronNetwork generated $329.57M in revenue, a 39.74% increase compared to the previous month.

Over the past 30 days, the TronNetwork generated $329.57M in revenue, a 39.74% increase compared to the previous month. In 2024, the TronNetwork’s total revenue has reached $2.12B, reflecting an impressive 115.73% growth from last year.