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Over 60% of USDT's supply is currently issued on the Tron blockchain, according to Tether data. On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet . Over the past five years , Tron developers claim that the blockchain has processed 5.6 billion transactions and currently has a total value locked of $5.7 billion. Tron’s creator, Justin Sun, said his 2023 goals include elevating the network’s on-chain stablecoin market cap to $100 billion and establishing Tron as a preferred choice for stablecoin users by positioning itself as “a more affordable and user-friendly version of Ethereum." Tron developers also said they have “promised full support” for Web3 development in Hong Kong. Cointelegraph reported that Hong Kong’s Securities and Futures Commission would be...

Join Our Telegram channel to stay up to date on breaking news coverage The QWAN Foundation is launching The QWAN, a gaming token that enables a decentralized economy for all gamers globally. The token aims to disrupt how gamers are incentivised in gaming plartforms. QWAN Token: Empowering Gamers and Building a Unified Gaming Economy The QWAN is a native gaming platform token by The QWAN Foundation that supports an expanding ecosystem of related platforms, hubs, services, and communities. Additionaly, the foundation supports The QWAN’s decentralized community-led governance model, shaping the global gaming industry and culture through a unified economy. Third parties can integrate The QWAN as a permissionless digital token, enhancing the appeal of their applications and platforms. The QWAN empowers gamers by rewarding engagement and also creating a unique gaming ecosystem. Gamers have opportunities to earn, trade, and own digital assets while participating in community...

Bulls in the Lido DAO (LDO) market resisted negative pressure early by establishing support at the intra-day low of $2.09. Consequently, the LDO price rose to a 24-hour high of $2.24 (7-day high) before facing resistance. At press time, LDO is trading at $2.21, a 4.42% increase over its previous close. During the upturn, LDO’s market capitalization and 24-hour trading volume increased by 4.44% and 16.58%, respectively, to $1,944,210,554 and $85,014,924. This spike reflects investors’ rising interest and trust in LDO’s bullish recovery. LDO/USD 24-hour price chart (source: CoinMarketCap) The Know Sure Thing (KST) is reading 83.0577 and moves above its signal, reflecting the current bullish trend. This KST movement indicates that purchasing pressure is still intense in the market, and investors may wish to consider capitalizing on the present trend. If the KST falls below its signal line, it might signify a change in market mood and probable selling press...

SBF’s lawyers claimed that the US is making federal crimes out of regulatory issues. advertisement SBF’s motion to dismiss criminal charges are meritless Prosecutors wrote in a nearly 100-page filing that these motions put forward by SBF’s lawyers are meritless. “The charges track the relevant statutes and the defendant’s alleged misconduct falls within the heartland of what these statutes prohibit,” the filing noted. Disgraced FTX founder SBF has pleaded not guilty to charges that he cheated investors and looted customer deposits on his crypto exchange to make lavish real estate purchases, donate money to politicians and make risky trades at Alameda Research, his crypto currency hedge fund trading firm. U.S. Attorney Damian Williams has called it one of the biggest frauds in U.S. history. Prosecutors ask court to proceed with all charges Earlier, SBF’s lawyers argued that eight counts in the original indict...

Cryptocurrency adoption is at its peak. Several governments across the globe have been embracing Bitcoin [BTC] and the rest of the market. However, quite a few are still not on board with the inclusion of digital assets into their existing financial system. Prominent tourist hotspot Bali recently joined the ranks of the latter. During the weekend, the Bali government made it clear that it holds a negative stance toward cryptocurrencies. Wayan Koster, the governor of Bali, held a press conference. He announced that tourists who choose to make payments for goods and services using crypto assets will face strict scrutiny. The government intends to closely monitor and regulate such transactions within the region. He further added, “Foreign tourists who behave inappropriately, do activities that are not allowed in their visa permit, use crypto as a means of payment, and violate other provisions will be dealt with firmly. Strict actions range from deportation, administrative sanctions, c...

Cheds shares the story of how he shifted his focus to crypto after being diagnosed with cancer. Technical analyst Cheds has dreamed of being a trader since his childhood. However, the journey he had to take to fulfill his dream wasn’t very straightforward.  In an episode of Cointelegraph’s Crypto Stories , Cheds shared his humble beginnings. According to the technical analyst, he always dreamed about trading stocks since he was a kid. He said: “I loved the idea of buying low and selling high. Playing the market seemed like a great way to become rich enough to buy my own island.” Despite this, life had other plans. He studied psychology in college and eventually decided to get some experience in sales and marketing, working his way to upper management of the company he worked in. Even though he was walking a different path, he never let go of his desire to trade and kept an eye on stocks. He was then introduced to penny stocks and started trading marijuana stocks. According to Cheds, ...

One community member thinks that, in this case, all speculative markets, including crypto, will lose ground. After contracting in the first quarter of 2023, the German economy has officially entered into recession , according to data from the country’s statistics office. A recession is generally identified when there is a decline in the gross domestic product (GDP) in two successive quarters. In Germany’s case, the country’s GDP reportedly fell by 0.3% for the quarter, following a decline of 0.5% in the fourth quarter of 2022. Members of the crypto community were split on the potential effects of the recession on the crypto economy. While some believe it’s a bullish signal for crypto , others think it might not have that much-desired effect on the space. On Twitter, some were saddened by the news but believed that the event was still a bullish sign for crypto. Community members believe that it’s a bullish sign. Source: Twitter On Reddit, a community member argued that it’s possi...

Join us as we discuss the current U.S. debt ceiling crisis and what it means for Bitcoin and the crypto market. In this week’s episode of Market Talks, Cointelegraph welcomes Mike McGlone, senior macro strategist at Bloomberg Intelligence, which delivers in-depth analysis and data sets on industries and companies, government, credit, litigation and economic factors. In today’s discussion with McGlone, we discuss the concerns around the current debt ceiling battle currently taking place in America’s law-making houses. Will the United States default for the first time in its history, or will lawmakers reach an agreement before time runs out? Whatever happens with the debt ceiling, is it a lose-lose situation for Bitcoin, crypto and other risk assets? Especially since the Federal Reserve might pause rate hikes and with inflation tapering off. We ask McGlone to explain why that is. We get McGlone’s views on de-dollarization as some countries reduce their reliance on the U.S. dollar and se...

Ethereum WHALES have been adding ETH tokens to their stashes, despite the humdrum market conditions. A recent Analysis tweet by IntoTheBlock revealed that Ether WHALES “are on the rise,” and so are their holdings. The on-chain analytics platform specifically noted that large market participants currently hold 30.07 million ETH. For context, they only possessed 26.56 million tokens in the beginning of the year. This means, they’ve collectively added more than 3.51 million ETH in 2023. Chalking out the essence of the rise in holdings, IntoTheBlock tweeted, “ The increasing holdings of addresses holding over 0.1% of the supply suggest ongoing accumulation. “ Ethereum whales are on the rise! They now hold 30.07 million $ETH, up from 26.56 million $ETH in early 2023. The increasing holdings of addresses holding over 0.1% of the supply suggest ongoing accumulation. Check out the details https://t.co/TisVKZ9Qjg#Ethereum #Whales pic.twitter.com/xBP2hgrUBV — IntoTheBlock (@...

What is ARPA (ARPA)? ARPA Network (ARPA) is a decentralized secure computation network that aims to develop fair, secure, and privacy-preserving blockchain ecosystems. As such, they innovate cryptographic systems to make blockchains more versatile, reliable, and interlinked. ARPA threshold BLS signature network serves as the basis of a verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains. ARPA Mainnet has completed over 224,000 computation tasks in the past years.  Randcast, a verifiable Random Number Generator (RNG), is the first application that leverages ARPA as infrastructure. Randcast offers a cryptographically generated random source with superior security and low cost compared to other solutions. Metaverse, game, lottery, NFT minting and whitelisting, key generation, and blockchain validator task distribution can benefit from Randcast’s tamper-proof randomness Table of contents ...

1/ Base is gearing up for mainnet with safety and security as top priorities. Today, we’re excited to share our launch criteria! advertisement Reminder: Base has no plans to issue a network token.https://t.co/eRarQ4QzK8 — Base 🛡️ (@BuildOnBase) May 24, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] Must Read Crypto Telegram Channels List 2023 [Updated] Must Read ...