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Tron rose to a one-year high to start the weekend, as founder Justin Sun confirmed an integration to the ethereum blockchain network. In a tweet, Sun said, “TRON has now expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge.” 
Tron (TRX)
Tron (TRX) was one the biggest movers on Saturday, with prices rising by as much as 11% in today’s session.
Following a low of $0.0762 on Friday, TRX/USD raced to an intraday peak of $0.08545 earlier in today’s session.
As a result of the surge, the token, which recently registered a record number of daily transactions, hit its highest point since June 2 last year.

Overall, tron is up 12.16% in the last seven days, with the latest rally leading to a breakout of a ceiling at $0.0796
The relative strength index (RSI) also moved above a resistance level of its own at 70.00, and is now tracking at 75.77.
Should this uptrend continue, there is a good chance that bulls will attempt to take the index to a higher ceiling at 79.00.

XRP
XRP, formerly ripple, hit a multi-week high to start the weekend, colliding with a key price ceiling in the process.
XRP/USD surged to a high of $0.5299 earlier on Saturday, which comes following yesterday’s low of $0.5137.
This move led to the token nearing a collision with a resistance level at $0.5300, securing its highest point since April 19 in the process.

Following this, prices have since slipped, with earlier bulls seemingly opting to secure gains.
At the time of writing, XRP is trading at $0.5234, and this comes as the RSI falls below its own ceiling at 69.00.
Price strength is now at 67.71, with the next visible floor at the 64.00 mark.
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What impact will tron’s integration on the ethereum blockchain have on the market? Let us know your thoughts in the comments.




Tron rose to a one-year high to start the weekend, as founder Justin Sun confirmed an integration to the ethereum blockchain network. In a tweet, Sun said, &#x201C;TRON has now expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge.&#x201D; Tron (TRX) Tron...

news.bitcoin.com

Biggest Movers: TRX Hits 1-Year High, Following Integration on Ethereum Network

Justin Sun, the founder of the Tron blockchain, has announced that the Tron network’s native asset, TRX, can now be fully accessed on Ethereum (ETH), the largest altcoin network in the cryptocurrency industry. This has been made possible through the BitTorrent Bridge, which allows for seamless interoperability between the two blockchains.
 BitTorrent Bridge Paves The Way To Ethereum Integration
Interoperability in the context of blockchain refers to the ability of different blockchains to communicate and exchange information with each other seamlessly. In this case, the BitTorrent Bridge enables Tron’s native asset, TRX, to be transferred and accessed on the Ethereum network, and vice versa.
Related Reading: Litecoin Breaks $95 As Whale Transactions Spike
This means that TRX holders can now access the larger Decentralized Finance (DeFi) market and decentralized applications (dapps) available on Ethereum, while Ethereum users can now access TRX and its associated dApps on the Tron network. The BitTorrent Bridge acts as an intermediary between the two blockchains, facilitating the transfer of assets and data in a secure and decentralized manner.
The move is a significant development for the Tron ecosystem, which is currently the second-largest DeFi ecosystem with over $5.6 billion in total value locked and more than 2.9 million active users, according to DeFiLlama data.
Justin Sun’s tweet regarding the Ethereum expansion via BitTorrent Bridge has already had a positive impact on TRX’s price, with the asset jumping by 2% following the announcement. This further demonstrates the potential for Tron to expand its reach and appeal to a wider audience in the cryptocurrency industry.

With Tron’s expansion to Ethereum, the cryptocurrency industry continues to see the growing importance of interoperability between different blockchains. As more projects explore the potential of cross-chain functionality, the industry is likely to see further development and innovation in the coming years.
TRON Sets New Daily Transaction Record
Despite the challenges faced by the cryptocurrency industry in recent months, TRON has continued to perform strongly, defying expectations and posting impressive growth. According to a Twitter thread by Justin Sun, the network hit a new record high in daily transactions, processing over 10 million transactions in a single day.

Furthermore, Sun notes that the robust performance of the TRON network is a result of its quality and efficiency, as well as its ability to continuously improve and deliver concrete results.
Looking ahead, TRON has set an ambitious target for the year, aiming to double its transaction volume. Sun emphasizes that this increase is not just a measure of quantity, but also a reflection of the network’s ability to maintain its strong fundamentals and generate revenue even in a challenging market.

Moreover, the growth in TRON’s transaction volume is expected to further bolster protocol revenue and demonstrate the strength of the TRON ecosystem. As the cryptocurrency industry continues to evolve and face new challenges, TRON is positioning itself as a leader in the space by focusing on innovation, efficiency, and delivering results.
Featured image from Unsplash, chart from TradingView.com 


Justin Sun, the founder of the Tron blockchain, has announced that the Tron network&#8217;s native asset, TRX, can now be fully accessed on Ethereum (ETH), the largest altcoin network in the cryptocurrency industry. This has been made possible through the BitTorrent Bridge, which allows for seaml...

newsbtc.com

BitTorrent Bridge Breakthrough: Justin Sun’s TRX To Reach Ethereum Network

Justin Sun, the vocal crypto supporter and co-founder of Tron and chief executive officer (CEO) of BitTorrent, says he will begin actively trading meme coins like PEPE. 
Justin Sun Eying Meme Coins
In a tweet on May 11, Sun, known for being a crypto whale, actively holding and transferring colossal sums of coins in the past, said he would begin actively trading meme coins and promising projects straight from his public cryptocurrency address. 
However, as a disclaimer, all profits will be donated to charity. 

I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023

He also added that though he might decide to buy certain coins and get exposure to a promising meme coin project, the said coin or project, regardless of its potential, may not be listed on Huobi or Poloniex. These are some of the early and most liquid cryptocurrency exchanges listing hundreds of tokens that Sun occupies an influential executive seat.

It is still unclear which project Sun has an eye on. At the same time, it could not be determined which of his crypto addresses the co-founder will use when trading meme coins. 
Although Sun might be the co-founder of Tron, he has not shied from engaging in other projects deployed on public networks like Ethereum and others.
Tron Co-founder Warned By Binance
Following a warning from Changpeng Zhao, the CEO of Binance, the world’s largest exchange by client count and trading volumes, Sun reversed a $56 million transfer he had made in early May. There were concerns that Sun was planning a token grab of SUI, the native currency of the Sui Network. 

Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will "take action against it". SMH.
Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.
On the bright side, blockchains are transparent… https://t.co/8Xs1oXjfVd
— CZ  Binance (@cz_binance) May 1, 2023

WhaleAlert flagged Sun’s bulk $56 million transfer in TUSD. Before Zhao said, Binance would take action if he block-bought SUI from the Binance Launchpool. The exchange clarified that it wanted a fair airdrop to include active retailers and not “just a few crypto whales.” 
Through the Launchpool, users can stake their crypto assets like SUI, providing liquidity, before receiving staking rewards. 

Sun later apologized for the huge transfer, saying it was in error. The real intention, he clarified, was in the market-making of TUSD, a stablecoin. The Tron founder said:
Regrettably, some of our team members were not fully aware of the intended purpose for these funds and inadvertently used a portion of them to participate in exchange campaigns. Upon realizing this error, we immediately contacted the exchange team and arranged for a full refund of the funds.

It is not immediately clear how Sun will proceed in trading and how the community will react to his purchases once he starts picking out worthy meme coin projects. Even so, what’s clear is that his addresses, like those of other influential crypto founders like Ethereum’s co-founder Vitalik Buterin, will be actively tracked and copied.



Justin Sun, the vocal crypto supporter and co-founder of Tron and chief executive officer (CEO) of BitTorrent, says he will begin actively trading meme coins like PEPE.  Justin Sun Eying Meme Coins In a tweet on May 11, Sun, known for being a crypto whale, actively holding and transferring coloss...

Justin Sun Will Now Publicly Trade Meme Coins Like PEPE, Best Time To Copy Trade Him?

On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator approves the filing.
Bittorrent Creator’s Chia Aims for an IPO
Bram Cohen’s Chia network intends to go public and took a step in that direction on Friday, April 14, 2023, when the firm submitted a Form S-1 filing with the SEC. The blockchain and cryptocurrency project, launched in 2018, leverages storage for consensus through a mechanism called Proof of Space and Time (PoST), in contrast to Bitcoin’s proof-of-work (PoW). PoST uses hard disk space as the foundation for its consensus algorithm. Chia’s COO Gene Hoffman indicated that the company had been focused on an IPO since May 2021.

On April 14, Chia announced that it had confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission for the proposed initial public offering of its common stock. Chia’s move follows a number of crypto tokens being declared unregistered securities by the SEC. Chia has raised a total of $71.12 million and obtained $61 million in May 2021, in a Series D financing round led by Andreessen Horowitz and Richmond Global Ventures.

Chia’s native token XCH rose 14.2% on the news, and during the past 24 hours, it has been trading at a range of $39.56 to $45.38 per coin. Over the last seven days, Chia’s XCH has risen 19.3% against the U.S. dollar. However, XCH is 97% lower than the all-time high it set on May 15, 2021, when it reached $1,645 per unit. At the time of writing, XCH has a market capitalization of around $317 million and is ranked 143rd among thousands of other crypto market cap metrics.
What do you think about Chia’s decision to go public through an IPO? Share your thoughts about this subject in the comments section below. 


On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IP...

Chia Network Files for IPO With the SEC, Eyes Public Listing

The US Securities and Exchange Commission (SEC) has recently announced that it has charged Justin Sun, a prominent crypto entrepreneur, and his three companies- Tron Foundation, BitTorrent, and Rainberry Inc, with allegedly conducting an unregistered sale of “crypto assets securities.” 
The SEC alleges that Sun and his companies offered and sold Tronix (TRX) and BitTorrent (BTT) tokens to the public without registering these tokens as securities, following the regulatory agency’s crackdown on the crypto industry. 

Lindsay Lohan And Celebrities Involved In SEC Case Against Crypto
In addition to the charges of unregistered offering and sale of crypto asset “securities” TRX and BTT, the SEC has also accused Justin Sun and his companies of alleged fraudulent activities related to TRX.
The SEC alleges that Sun and his companies engaged in extensive wash trading to “fraudulently manipulate” the secondary market for TRX. These allegations of wash trading involve the simultaneous buying and selling of the same crypto asset to make it appear that there is more trading activity than there is. 
The regulatory agency has also accused Sun and his companies of incentivizing celebrities to promote TRX and BTT without disclosing their compensation. 

The celebrities named in the charges are Lindsay Lohan, Jake Paul, DeAndre Cortez Way (Soulja Boy), Austin Mahone, Michele Mason (Kendra Lust), Miles Parks McCollum (Lil Yachty), Shaffer Smith (Ne-Yo), and Aliaune Thiam (Akon).
Another Crypto “Big Fish” On The SEC’s Radar
The SEC’s complaint alleges that Sun and his companies offered and sold TRX and BTT tokens as investments through multiple unregistered “bounty programs.” These programs allegedly directed interested parties to promote the tokens on social media, recruit others to its Tron-affiliated Telegram and Discord channel, and create BitTorrent accounts in exchange for TRX and BTT distributions. 
The SEC alleges that these bounty programs did not provide investors with accurate and complete information and did without disclosing the risks associated with these investments. Additionally, Sun is charged with violating anti-fraud and market manipulation provisions of the federal securities law by allegedly orchestrating a scheme to “artificially” inflate the apparent trading volume of Tronix. 
The SEC alleges that from April 2018 to February 2019, Sun directed his employees to engage in over 600,000 wash trades of TRX between two crypto assets trading platforms accounts he controlled, with between $4 million and $7 million TRX wash traded daily. The SEC Chair Gary Gensler stated:
As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities. At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used
According to the SEC, all celebrities except DeAndre Cortez Way (Soulja Boy) and Austin Mahone agreed to settle the charges by paying more than $4,000,000 in disgorgement, interest, and penalties after the charges were filed.



Featured image from Unsplash, chart from TradingView.com


The US Securities and Exchange Commission (SEC) has recently announced that it has charged Justin Sun, a prominent crypto entrepreneur, and his three companies- Tron Foundation, BitTorrent, and Rainberry Inc, with allegedly conducting an unregistered sale of &#8220;crypto assets securities.&#8221...

BitTorrent price	$0.002702
Low - High 24H	$0.002597 - $0.002831
Market cap	$2.51B
Volume 24H	$1.05M
All time high	$0.013566 -80.11% April 5th 2021
All time low	$0.000138 1853.59% March 13th 2020
Genesis date	N/A

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