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You are here: Home / Archives for News

News

SEC Hits Pause on Grayscale Hedera ETF Amid 2025 Hype

June 13, 2025 by Mwongera Taitumu

  • SEC delays Grayscale Hedera ETF, seeks public comments now
  • Final Hedera ETF decision deadline set for November 11
  • Bloomberg sees 80% approval odds for Hedera ETF in 2025

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale’s spot Hedera ETF. The delay comes as the regulator initiates an extended review instead of a final verdict. The decision is part of a larger trend of delayed ETF verdicts on various crypto-linked products.

Grayscale filed its spot Hedera ETF application in February, and the SEC faced a second deadline on June 15. However, the commission extended the review and decided to request public feedback. This step allows more time for assessment and maintaining the regulatory process.

The SEC seeks comments about how appropriate Hedera is as the based asset. It wants to know about the risks of market manipulation, pricing transparency, and investor protections. The Commission guarantees a thorough consideration prior to a possible approval or rejection.

Decision on Grayscale Hedera ETF Expected in November

Although there is no guaranteed approval schedule, the SEC must issue a final decision by November 11. This deadline also covers the Canary’s spot Hedera ETF application, which suffered a second delay earlier in the week. Both applications are within the standard review periods set aside to review ETFs.

The SEC stated that the start of the review process does not indicate a conclusion. This procedure allows comprehensive assessment and collection of stakeholders’ responses to inform the SEC decision. This matches the SEC approach to cryptocurrency ETFs over the past years.

Analysts state that there is increased optimism that spot crypto ETFs will be approved in 2025. Bloomberg Intelligence predicts that the Grayscale Hedera ETF has an 80% chance of approval next year. 

Approval Odds for altcoin-based ETFs Surges

Other altcoin-based ETFs have even better approval odds, with a 90% chance of approval for Solana and Litecoin ETF proposals. Analysts support these figures and believe that the SEC will approve a number of products in the next few months. The market participants view recent amendments in Solana ETF filings as positive regulatory steps.

Bloomberg ETF experts predict that there could be a wave of altcoin ETF approvals. They predict that Solana will lead, followed by other high-profile applications. 

In contrast, other market analysts believe that the Grayscale XRP Trust could be approved ahead of Solana. ETF Store President Nate Geraci pointed to XRP’s regulatory history as one factor. The decision could indicate how the SEC focuses on products that have clear legal provisions.

Grayscale still waits for the results of several ETF submissions amid increased investor expectations. The market is confident of future approvals despite continued delays. The next few months will likely determine the wider outlook of altcoin-linked ETFs in the U.S.

Related Reading |  Crypto Whale Drops $2.48M on FARTCOIN Amid Listing Buzz 

Filed Under: News Tagged With: Canary Spot Hedera ETF, Grayscale Hedera ETF, Litecoin ETF Odds, Solana (SOL)

Bitcoin Crashes Below $103K Signaling Intense Bearish Pressure

June 13, 2025 by Bena Ilyas

  • Bitcoin plunged 4% below $103,000 after Israeli airstrikes, signaling intense bearish pressure.
  • Ethereum’s funding rate collapsed despite a 60% surge in open interest since May 1.
  • Bitcoin briefly surpassed $110K but fell 1.2% as traders took profits after CPI data.

Bitcoin is trading around $103,990 at the time of writing, showing tentative signs of stabilization after a sharp 4% plunge triggered by escalating geopolitical tensions in the Middle East. The price briefly dipped below $103,000 following Israeli airstrikes on Iran but has since recovered modestly. 

On the 2-hour chart, Bitcoin remains under pressure, with Bollinger Bands widening and the price hugging the lower band—indicating increased volatility and bearish momentum.

Bitcoin’s failure to hold above the critical breakout level of $106,000 casts doubt on the rally seen earlier this week. Analysts at 10x Research have warned that this breakdown signals a false breakout, potentially opening the way for deeper corrections.

Bitcoin Just Lost Its Breakout — Here’s the Support Level That Matters Now

Why this report matters

Bitcoin’s breakout above $106,000 didn’t hold, and that could mean more than just a failed rally.

Ethereum’s funding rate has quietly collapsed, even as open interest surged… pic.twitter.com/7XH0NMaK7I

— 10x Research (@10x_Research) June 13, 2025

Circle IPO Fuels Unstable Crypto Momentum

Meanwhile, Ethereum’s market dynamics show a growing disconnect between price movement and speculative activity. Ethereum’s funding rate has collapsed even as open interest surged over 60% since May 1. The divergence suggests that much of the recent ETH activity may be driven by speculative excess rather than fundamental strength. The concern is underscored by one firm’s $425 million bet on the Ethereum treasury, which backfired dramatically as the company’s stock plunged 70% in after-hours trading.

10x Research attributes the recent surge in both Bitcoin and Ethereum largely to short-term hype, particularly linked to the Circle IPO. While this excitement momentarily boosted prices, the momentum appears fragile and overly speculative. Without solid fundamentals underpinning these gains, the sustainability of the rally remains doubtful.

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Bitcoin Traders Profit-Take Above $110K

Bitcoin also declined 1.2% to $107,369 and Ethereum slipped 0.96% to $2,746 after cooler-than-expected Consumer Price Index (CPI) data triggered a classic “buy the rumor, sell the news” reaction across crypto markets. Bitcoin’s initial push above $110,000 and Ethereum’s rise near $2,880 quickly reversed as traders took profits following CPI figures showing annual inflation at 2.4%, slightly below the forecast of 2.5%.

Technically, Bitcoin is trading comfortably above its 50-day exponential moving average EMA50. The price has not changed much within the channel since the mid of May and it has been moving in a consolidation phase after erasing the losses with a bullish correction.

BTCUSD 2025 06 12 09 42 53

Ethereum’s chart has a more optimistic, breaking out of its horizontal channel that previously contained a price between $2,400 and $2,700. The $2,400 level was strong enough and untouched consequently buyers are now confident in that level. Momentum indicators also show increased optimism for Ethereum, suggesting stronger technical resilience despite recent market turbulence.

ETHUSD 2025 06 12 09 43 33

Read More: Bitcoin’s Cycle Top: Will 2025 or 2026 Mark the Peak?

Filed Under: News, Bitcoin News Tagged With: Bitcoin (BTC), Bitcoin news, bitcoin price, Crypto, Cryptocurrency, Ethereum (ETH), Price Analysis

Tether Acquires 32% Stake in Elemental Altus to Bolster Gold-Backed Asset Strategy

June 13, 2025 by Sheila

  • Tether’s $89.2M investment gives it a 31.9% stake in Elemental Altus Royalties.
  • Tether aims to strengthen gold-backed assets and diversify its stablecoin reserves.
  • The deal allows Tether to expand real-world asset support for its digital token ecosystem.

Tether, the company behind the largest stablecoin in the world by market capitalization, has purchased 31.9% of Elemental Altus Royalties Corp., a Canadian gold-centred royalty firm.

This investment is worth approximately $89.2 million strengthening Tether’s long-term strategy of ensuring its digital asset ecosystem is anchored to real-world, stable assets like gold and bitcoin. The investment is also in line with Tether’s increasing interest in extending its financial infrastructure through hard asset-backed products.

Tether Acquires Strategic Stake in Elemental Altus to Deepen Push Into Gold and Hard Asset-Backed Financial Infrastructure
Read more: https://t.co/uYoPf5Rd7O

— Tether (@Tether_to) June 12, 2025

Tether Acquires Substantial Stake in Elemental Altus Royalties

On June 10, 2025, Tether Investments, an affiliate of Tether Group acquired 78,421,780 common shares of Elemental Altus Royalties at a price of 1.55 CAD ($1.14) per share. The transaction completed offshore in a private agreement with La Mancha Investments represents nearly one-third of Elemental’s total outstanding shares.

With this purchase, Tether’s holding in Elemental now rises to 33.7% when accounting for previously held shares. Elemental Altus Royalties CEO Frederick Bell welcomed Tether as a major shareholder, citing its capacity to support the company’s next phase of growth.

The purchase is part of Tether’s goal to incorporate stable assets such as gold and bitcoin into its holdings, not just as a hedge, but as a method to reinforce decentralized finance. With the royalty and streaming method of gold exposure Tether is exposed to gold production without directly avoiding the risks of mining. This method also enhances the transparency and stability of Tether’s digital products.

Strategic Option for Further Expansion and Future Gold-Backed Offerings

In addition to the share acquisition, Tether Investments entered an option agreement with AlphaStream Limited and Alpha 1 SPV Limited, its subsidiary company. Under this arrangement, Tether has the option to purchase up to an extra 34,444,580 Elemental shares representing approximately $38.7 million, under some terms and within specific timelines.

If exercised after October 29, 2025, and with the approval of Elemental, Tether’s ownership of the company could increase to 47.7 %. Paolo Ardoino, the CEO of Tether, stressed that the company believes in financial systems secured by tangible assets and cited gold as a “time-tested store of value.” In contrast, Bitcoin is a decentralized hedge against monetary inflation.

Furthermore, the company has a gold-backed stablecoin, Tether Gold (XAUT), which has accumulated a market cap of $854 million, reflecting the increase in the spot gold price over the last year. The new stake in Elemental strengthens the backing for XAUT and signals further commodity-backed digital asset plans.

Building a Resilient, Asset-Backed Financial Ecosystem

The recent investment in Elemental Altus Royalties is an addition to the strategy Tether has been following to acquire long-term assets and facilitate the integrity of its ecosystem. Tether Investments has also diversified its holdings beyond the sectors like artificial intelligence, remittances, and digital infrastructure, in addition to over 100,000 bitcoins and nearly 80 tons of physical gold. 

The Elemental collaboration, which will operate within the Canadian securities regulations, sets Tether to collaborate on governance and long-term strategy, pending regulatory approvals.

Filed Under: News, Bitcoin News, Industry Tagged With: Bitcoin (BTC), Elemental Altus Royalties, Gold-Backed Strategy, Stablecoin Reserves, Tether (USDT)

SOL Strategy Enhanced by DeFi Development’s Flexible $5 Billion Deal

June 13, 2025 by Tina Fatima

Key Takeaways:

  • DeFi Development Corp. has secured a $5 billion equity line, enabling strategic capital raises to accumulate Solana (SOL).
  • The flexible structure avoids fixed pricing during market fluctuations, supporting validator yield and enhancing shareholder value.
  • The capital infusion aligns with DeFi Dev Corp.’s goal of maximizing token Per Share (SPS) through active staking and ecosystem growth.

DeFi Development Corp. (NASDAQ: DFDV), the first publicly traded U.S. company focused on Solana (SOL) amassing, has achieved a milestone: entering into a $5 billion equity line commitment with RK Capital Management LLC.

The initiative represents a watershed event in the company’s efforts to increase its Solana holdings without being bound by traditional methods for raising capital.

1/ Today, we announce that DeFi Development Corp. (Nasdaq: $DFDV) has secured a $5 BILLION equity line.

This gives DFDV the flexibility to raise capital when it’s most strategic, fueling continued accumulation of $SOL and accelerating growth in $SOL Per Share (SPS). pic.twitter.com/3ep3QxuRTT

— DeFi Dev Corp. (@defidevcorp) June 12, 2025

The equity line arrangement, also known as an ELOC (Equity Line of Credit), allows the company to sell stock incrementally under optimal market conditions, as opposed to making bulk offers at predetermined prices.

This method of capital access offers a vital advantage amid the volatile cryptocurrency market. Through strategically phased equity issuances, DeFi Development Corp. can sustain its treasury-first strategy, building up tokens in reserves while increasing SOL Per Share (SPS).

The approach is designed to drive long-term returns, as the company leverages its validator infrastructure and staking model to generate compounding yield.

Proceeds Fuel Strategic SOL Validator Expansion

The company intends to deploy the proceeds from this facility to acquire additional SOL, which directly contributes to validator operations and staking rewards.

In contrast to traditional equity offers that can dilute shareholder value by releasing stock at inopportune times, this strategy enables DeFi Development Corp. to raise capital on its terms.

Such control is particularly vital in a market where prices for crypto assets move dynamically and can affect investor attitudes as well as business strategy.

At the same time, the company registered with the SEC a Form S-1 for shares issued in prior private placements, highlighting its dedication to openness.

With the ELOC in place, DFDV signals its readiness to execute a capital-efficient scaling strategy that supports its treasury model and reinforces its role in the Solana ecosystem.

Expanding Reach in DeFi and Real Estate Tech Integration

In addition to blockchain endeavors, DeFi Development Corp. has a solid business in the commercial real estate space through a deep-platform model. It has a SaaS and data services business that bridges the gap between commercial real estate lenders and developers, serving over a million annual customers.

The fit between decentralized finance and commercial technology gives strength to the business model by putting it at a distinctive crossroads between cutting-edge finance and established infrastructure.

This recent development in equity highlights DeFi Dev Corp.’s shifting strategy: pairing next-generation treasury management with adaptable capital solutions in order to drive blockchain-focused growth.

Related Reading | Bitcoin and Ethereum’s Resilience in Q2 Sets Stage for Continued Growth in 2025

Filed Under: Altcoin News Tagged With: Capital Scaling Flexibility, DeFi Equity Line, Solana Treasury Strategy, Validator Yield Growth

SYRUP Shows Signs of Growth Despite Recent Dip: Analysts

June 13, 2025 by Paul Adedoyin

  • SYRUP converges with bullish signs, and this is an indicator of high chances of a breakout in the uptrend.
  • The major resistance is at $0.5165, where the buyers are likely to converge as the volume is strong.
  • Bullish MACD cross and RSI indicate that the momentum is supporting a swing and multi-day trade.

The cryptocurrency SYRUP has caught the attention of traders, with a new analysis from AgentXBT highlighting its profit potential. The token is currently priced at $0.482, reflecting a 1.2% decline in the last hour. However, experts suggest there’s more to the story than this small drop.

SYRUP Consolidates with Bullish Signals

According to the analysis, SYRUP is entering a phase of consolidation after a period of strong upward movement. This means the price is stabilizing within a tight range, even though it fell by 3.55% over the day.

Regardless, the cryptocurrency demonstrates strength, as indicated by its trading volume and momentum. This combination is a hint that SYRUP could be setting up to rebound.

The price is now testing a major level at $0.4974, and the next resistance level would be at $0.5165. The technicals indicate a strong trend, as the high reading of 96.1 on the ADX (Average Directional Index) depicts that there is a clear direction in the market.

Also, the volume ratio is 1.29x, which shows that there are more buyers stepping in than normal, which boosts confidence. In addition, the Bollinger Band width, which is at 33.27%, indicates the potential of more price changes in the upward direction in the future.

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X (@agentxbtio)

Major Levels to Monitor Breakout

Meanwhile, the upward momentum is likely to continue, as hinted by a positive MACD crossover and an RSI of 58.65. The spread of the directional movement index (DMI) and a high discovery score of 96 percent also confirm that SYRUP may continue to rally.

To the traders, it is a green light with supports at 0.3895 and 0.4433. To investors, the recommendation is to consider getting in around the $0.4624 level with tight stop losses.

Traders should also be on the lookout for the volume; should it gain momentum as the price approaches $0.5165, then it might increase to $0.5514.

With the trend fairly directional and volatility not too high, the market is more suited for swing trading and multi-day or week positions as opposed to scalping.

Related Reading |  Crypto Whale Drops $2.48M on FARTCOIN Amid Listing Buzz 

Filed Under: News, Altcoin News Tagged With: AgentXBT, Bullish Crypto Signals, crypto swing trade, MACD crossover, SYRUP analysis, SYRUP crypto, SYRUP price prediction

BNB Price Prediction: Rising Channel Signals Bullish Breakout Above $1,000

June 13, 2025 by Sajjal Ali

  • BNB is trading within a rising channel, maintaining strong support near the critical $500 long zone.
  • The current price of $664.03 reflects renewed bullish momentum, with weekly gains of 1.45%.
  • Bullish targets include $768.10, $899.24, and $1,028.84, based on Fibonacci extensions and historical resistance.
  • A confirmed bounce from the lower trendline could trigger the next major rally for Binance Coin.

Binance (BNB) is holding the bullish momentum with the noticeable increment in the price after the recent prolonged volatility. Now BNB is trading inside a rising channel and holding strong support around the lower trendline, which often predicts both long-term and short-term potential. Traders and investors are closely watching this coin as the market has turned from bearish to bullish.

At the time of writing, BNB is trading at $664.03 with a 24-hour trading volume of $1.69B and a market capitalization of $93.55B. The BNB price over the last 24 hours is showing signs of stability, but over the last week it is up by 1.45% and showing high potential for the next major rally.

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Source: CoinMarketCap

BNB Eyes Breakout And Poised to Break $1028

A prominent crypto analyst BitMonty suggested that Binance Coin (BNB) is currently trading within a well-established rising channel, signaling a steady uptrend as bulls maintain control. The price is getting close to the lower trend line in this channel, a consistently strong support level. This zone, specifically in the $500 area, is a critical Long Zone that technical analysts are keeping a very close eye on for long entry opportunities.

If BNB manages to stay above this critical support, a reversal from the lower trend line could start a move toward the channel’s upper boundary. This aligns with past patterns, where similar setups have led to strong upward momentum. A successful repulsing of the $500 level could signal the launching point for a fresh wave, drawing in both short-term traders and long-term investors.

AD 4nXdFum7eVJjTNwRVLLoyoAsdGJF0gkZavr800c0eafzq6PyFNnGy5uLhGQH9VoxvT4DeFmDgAdS mz

Source: X

In bullish targets, analysts see $768.10 as the initial main area of resistance. A move above there could take prices to $899.24, with $1,028.84 a longer-term target, assuming wider market conditions stay intact. These targets use Fibonacci levels and previous resistance points as a guide, providing a map for the potential upside.

Overall, the price structure for BNB is technically healthy within its trending channel. So long as the support at the lower trendline is respected, the bullish point of view is intact. Volume and strength indicators need to be watched for a confirming bounce, as a move toward higher targets may manifest as a return to strength in one of the market’s top altcoins.

Related Reading: Solana Price Prediction: Will SOL Hit $360 or Stall at $166?

Filed Under: News, Altcoin News Tagged With: Binance (BNB), BNB Breakout Potential, BNB Price analysis, BNB Price Prediction, BNB technical analysis

NEAR Protocol Reaches 46 Million MAUs: Solana’s Next Challenger?

June 13, 2025 by Arslan Tabish

  • NEAR Protocol hits 46 million MAUs, becoming the second-largest Layer-1 blockchain after Solana.
  • With Nightshade sharding and dApp growth, NEAR scales efficiently for high-performance applications.
  • Despite token price setbacks, NEAR’s market activity shows growing interest and strong user adoption.

NEAR Protocol has achieved one big milestone, with 46 million monthly active users (MAUs) in May of 2025. This has been a massive milestone, and NEAR has become the second-largest Layer 1 blockchain, after Solana. The protocol has experienced high user activity that has surpassed some of the largest blockchain brands, such as Ethereum and Binance Chain.

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Source: X

The NEAR protocol is safeguarded by a user-centric approach, which explains its expedited development. The protocol offers features such as account abstraction and chain signatures. Such innovations help increase the accessibility of the platform for both new and existing users. Moreover, its attractiveness to a larger audience is increased through the growing ecosystem of decentralized applications (dApps).

NEAR’s Nightshade Sharding Drives Web3 Scalability

The scalability of NEAR is Nightshade sharding technology. The scale of the operations that the protocol can perform without jeopardizing decentralization is enabled by this solution. The support of nightshade for high-performance applications is a changer. It has positioned NEAR in a way that will make it a force in the Web3 ecosystem, particularly within industries such as gaming and blockchain social applications.

The protocol has also experienced high market activity. Conglass showed that the Open Interest of NEAR rose by 8.72%, to $247.06 million. Such an increase in market activity is a definitive sign of growing interest in the protocol as both an investment and development platform. The increasing number of users and market presence indicate that NEAR is making a substantial presence in the blockchain.

AD 4nXfVzq0G

Near Protocol Struggles Despite Growing User Base

Nevertheless, NEAR protocol has encountered some setbacks when it comes to the price of its native token. As of now, the token is changing hands at a price of $2.37, representing a 6.30% decrease in the last 24 hours. However, with the increasing number of users, the token is presently trading lower than both its 50- and 100-day exponential moving averages (EMAs), which shows that the market trend is bearish.

Source: TradingView

Technically, the level of support of NEAR is at $2.20. If the token be able to hold this level, a price recovery is possible. An increase might drive the price of NEAR to $3.20 and even $4.20. Nevertheless, in case the support is violated, the further price falls might occur.

Scalability and user-oriented infrastructure NEAR is an attractive choice of developers and investors. With an increasingly high competition rate in the Layer-1 blockchain environment, NEAR’s developments have kept it in the competition.

Read More: Bitcoin and Ethereum’s Resilience in Q2 Sets Stage for Continued Growth in 2025

Filed Under: News, Altcoin News Tagged With: Blockchain, Ethereum, Layer 1, MAUs, NEAR Active Users, NEAR Activity, near protocol, NEAR Surge

Bitrue Hacker Launders $23M via Tornado Cash, Nets $9.3M Profit in ETH

June 13, 2025 by Onyi

  • Over a two-year period, the Bitrue hacker has successfully stolen $23 million in crypto by converting it into Ethereum and funneling it through Tornado Cash. 
  • The Bitrue hack occurred in April 2023, when the attacker stole different crypto tokens and converted them into ETH, holding them until 2024–2025. 

Bitrue, a prominent cryptocurrency exchange, was hit with a major hack in 2023, after a hacker stole $23 million worth of crypto assets. 

According to recent blockchain activity shared by EmberCN, a prominent on-chain data reporter on X, the attacker has been slowly moving the stolen funds, funneling large amounts of Ethereum through the sanctioned crypto mixer Tornado Cash.
The details of the hack covered that over the last two years, the hacker meticulously laundered the entire $23 million through a series of calculated crypto trades and transfers. The user made use of Tornado Cash, a crypto mixer designed to disguise transaction trails. During this time, the value of the token also grew significantly. 

By the end of the laundering process, the stolen assets were converted into 12,079 ETH worth approximately $32.36 million, which is a $9.36 million increase from the original amount. With all of this, the hacker also made an additional $4.72 million by strategically swing trading Ethereum.

The data also showed the details of how the assets were moved from March 2024, when the hacker sold 4,207 ETH, to April 2025, when they started moving and cleaning smaller batches of ETH, sending 1,050 coins through Tornado Cash. Then finally on June 12, 2025, the attacker moved 5,111.5 ETH along with the entire 16.345 million DAI stash to a new wallet. 

Screenshot 20250612 190344 X
Bitrue Hacker Launders $23M via Tornado Cash, Nets $9.3M Profit in ETH 11

How the Bitrue Hack Happened 

The hack started in April 2023, when the hacker penetrated Bitrue systems and stole different crypto tokens, which were worth about $23 million at the time. Immediately after they completed the theft, they converted the different tokens into ETH and held the funds for months before strategically.

More Reading: Bitcoin and Ethereum’s Resilience in Q2 Sets Stage for Continued Growth in 2025

Filed Under: News, Crypto Scam Tagged With: Bitrue hack, Crypto hack

TRON Breaks Records with $694B USDT Transfers: What’s Driving Its Crypto Dominance?

June 13, 2025 by Yahya

  • TRON sets new USDT transfer record with $694.54B in May, leading stablecoin adoption in the crypto world.
  • Whale transactions over $1M make up 59% of May’s volume, highlighting TRON’s appeal to large investors.
  • TRC-20 USDT surpasses $75.7B, leading stablecoin holdings across blockchains, ahead of Ethereum’s ERC-20 USDT.

TRON has reached an impressive milestone, breaking a huge record within the stablecoin market. The highest amount of USDT transfers ever recorded on the blockchain network was in May, at $694.54 billion. An analyst at CryptoQuant highlighted that this is a new record that indicates the rising dominance of TRON in the crypto world. With the USDT and other stablecoins remaining a significant force in pushing the adoption of cryptocurrencies, the success of TRON can be highlighted as one of the biggest factors influencing this phenomenon.

AD 4nXfcPwO1SwMYNL0tvN3o9SBuWfNtruQyUr l4ohPcLQ4RaLLGwi2m5f7kiugZg Oat1F96ahiMs RzFKg pDD6vGIJ2j81LL385R6eL 5xPoi5BQLqgemOSqnyZhoJN2gF9YlJlJQ?key=pYOCK RsfWg Ap6c2ZG5DQ

Source: X

The high-value transactions contributed a large part of the volume. Almost 59% of all the transfers that occurred in May were above $1 million. That is equivalent to roughly $411.2 billion in whale transactions alone. These whale transfers are an indicator that large investors are still flooding into TRON, making it one of the preferred platforms when it comes to high-value transactions.

TRON Dominates Stablecoin Market

Currently, TRON has more than $75.7 billion of USDT (TRC-20), which exceeds the amounts held by other blockchain networks. ERC-20 USDT on Ethereum is $71.4 billion. The market share of TRON in stablecoins makes it a leader in crypto infrastructure and adoption.

In the first half of 2025, 17 million USDT on the platform exceeded the mark of $1 billion. This rate is considerable and indicates the tendency towards further inflow of liquidity into the platform. TRON is poised to strengthen its position as the leader in the stablecoin market even further, with additional mints likely to occur over the year.

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Expanding Market Presence

Moreover, the transaction volume of the platform has soared. More than 10.5 billion transactions have been carried out on the network to date, a sure sign of increased usage and adoption. The network has been able to support a growing demand as more users rely on TRON to transfer stablecoins. This increase in on-chain activity shows the capability of the platform to scale and its high performance during such times.

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As it continues to expand and dominate, the platform is establishing itself as a key player in the dynamic cryptocurrency ecosystem. With the growing involvement of stablecoins, such as USDT, in the overall cryptocurrency environment, the history-making success of the platform indicates that the project has a bright future. The network will grow faster, and larger transfers and mints will lead to further adoption.

Related Reading: Circle’s USDC Now Live on XRPL: Instant Stablecoin Access Without Bridging

Filed Under: News, Tron News Tagged With: Crypto, Crypto Adoption, Crypto news, Cryptocurrency, stablecoin, tron, USDT

HYPE Price Prediction 2025: Will It Break $90 Before Year-End?

June 13, 2025 by Sajjal Ali

  • HYPE shows resilient bullish momentum, consolidating above key support levels with rising institutional interest.
  • Okto launches full Hyperliquid integration, becoming the first mobile-native wallet to enable complete on-chain trading access.
  • Analysts predict Hyperliquid may surpass $90.72 by year-end, indicating strong upside potential in 2025.

Hyperliquid’s native cryptocurrency, HYPE, is currently trading at $42.86, a decrease of 0.67% intraday, yet is also up by a gain of 22.76% in the last week. The volume in the last 24 hours is down by a decrease of 15.18% to $405.93 million, with experts contending that this does not take away from the overall bullish trend.

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Source: Coimarketcap

The technical signs look strong for Hyperliquid. The price is staying above key moving averages, and indicators like the RSI (67.98) and MACD show a positive trend. A high ADX of 98.6 and a strong DMI also point to a steady and powerful upward move.

Experts recommend buying if the price dips near $40.29, aiming for profit around $43.29 to $45.05, with a stop loss set below $39.05.

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Source: X

Okto Wallet integrates Hyperliquid protocol

In a move likely to expand retail adoption, Okto Wallet has announced full integration with the Hyperliquid protocol, making it the first mobile-native app to offer end-to-end access to Hyperliquid’s trading suite. This includes perpetual futures, spot trading, and DeFi apps, all accessible without browser extensions or third-party wallets.

Okto has already handled over $1 billion in futures trades. The app now has more than 10,000 active traders and makes it easy to get started with features like one-tap bridging, no gas fees, and a simple dashboard that includes TradingView tools.

The app also has HypeZone, a DeFi hub where users can do things like staking, lending, and earning rewards using HyperEVM, a blockchain similar to Ethereum. Okto is made to fix common problems like using wrapped tokens or changing networks, making it great for anyone who likes to trade on their phone.

Hype shows strong growth potential in 2025

From a wider market view, the outlook for HYPE is positive. Although the price dropped to $27.43 in early January 2025, experts believe it could go above its previous high of $43.86 and reach around $90.72 by the end of the year. This expected rise is due to more people using the platform, smart mobile app updates, and Hyperliquid’s strong lead in the DEX derivatives market, where it now handles over 70% of the global trading volume.

Related Reading |  Crypto Whale Drops $2.48M on FARTCOIN Amid Listing Buzz 

Filed Under: Altcoin News Tagged With: HYPE crypto technical analysis, HYPE token bullish trend, Hyperliquid HYPE price analysis, Hyperliquid price prediction 2025, Okto wallet Hyperliquid integration

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