TRON

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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

Bitcoin’s price has settled at around $27,000 after dipping below that level on a few occasions during the working week.
Most altcoins are also quiet today, aside from Tron, which has skyrocketed by double digits.
BTC Calm at $27K
Although Monday started on a highly positive note, after the US government’s debt ceiling deal and BTC skyrocketed to a two-week high at $28,500, the week didn’t turn out all that well for the asset.
It was rejected there, which brought it back down to $28,000 at first. However, a one-grand price dump followed, which pushed it south to $27,000. The following two days delivered a few more price dips, the second of which took BTC to a weekly low of $26,500 on Friday.
Nevertheless, BTC managed to bounce off rather rapidly and reclaimed $27,000 by the end of the day. It has remained relatively still since then and currently sits inches above that line.
As such, the cryptocurrency’s market capitalization has remained at the same level as yesterday – just over $525 billion. Its dominance over the alts, though, has taken another minor hit and is down under 46%.
BTCUSD. Source: TradingView
TRX Steals the Spotlight
The altcoins have also calmed on a 24-hour scale, similar to bitcoin. Ethereum went on a trip south of $1,900 during the week but has managed to reclaim that level after a few consecutive minor daily increases.
Ripple and Cardano have jumped by around 1-2% in the past 24 hours, while DOGE, SOL, LTC, and DOT are up by under 1%.
Tron, on the other hand, has taken the spotlight with a massive 10% daily surge. As a result, TRX trades at almost $0.085.
Lido DAO’s native token has also jumped by an impressive percentage – 5%. Consequently, LDO has neared $2.3.
The total crypto market cap has added around $10 billion in a day and is close to $1.150 trillion.
Cryptocurrency Market Overview. Source: Quantify Crypto
The post Tron Explodes 10% Daily, Bitcoin Stable at $27K (Weekend Watch) appeared first on CryptoPotato.

Aside from TRX, LDO is another notable gainer, having surge to almost $2.3.

cryptopotato.com

Tron Explodes 10% Daily, Bitcoin Stable at $27K (Weekend Watch)

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

According to a report published by the cybersecurity research team known as 0d, a division of Dwallet Labs, researchers discovered a critical vulnerability in the Tron network’s native multi-sig mechanism. The cybersecurity experts explained that the vulnerability could have impacted more than $500 million worth of digital assets held in Tron multi-sig accounts. 0d specified that Tron’s development team addressed the problem by creating a patch for the bug.
Cybersecurity Researchers Summarize Bug Found Tied to Tron’s Multisig Mechanism, Tron Devs Patch the Vulnerability
On May 30, 2023, the research team 0d from Dwallet Labs published a report that uncovers a vulnerability in Tron’s native multisig scheme. The vulnerability enables any signer of a multi-sig account to bypass the network’s security measures, irrespective of the designated threshold and number of signers. “This vulnerability impacts over $500M in digital assets that are held in Tron multi-sig accounts,” 0d reported on Tuesday.
The researchers further stated that Tron’s developers were notified about the bug on February 19, 2023, and the programmers created a patch to address the problem. 0d said that the majority of Tron’s validators have already implemented the patch to prevent any potential exploitation of the vulnerability. “We have received a bounty reward for a high severity vulnerability via the Tron bounty program,” the cybersecurity research team disclosed.
0d explained that the vulnerability originated from the verification process of multisig transactions within the Tron network. The network depends on the uniqueness of signatures for identical messages from an individual. However, because of the deterministic nature of the signature generation process outlined in RFC 6979, an untrustworthy signer can utilize various nonces (random numbers) to generate multiple valid signatures for the same message while employing the same private key.

The revelation of the Tron multi-sig mechanism bug coincides with the discovery of a privacy vulnerability in the Monero blockchain. The bug is said to have existed on the Monero network for three years and has since been addressed. While discussing the Tron multi-sig problem, 0d researcher Omer Sadika explained that with the deployment of the fix, $500 million is now “secured.”
What are your thoughts on the recent vulnerability discovered in Tron’s multi-sig mechanism? Share your insights and opinions in the comments section below.


According to a report published by the cybersecurity research team known as 0d, a division of Dwallet Labs, researchers discovered a critical vulnerability in the Tron network&#8217;s native multi-sig mechanism. The cybersecurity experts explained that the vulnerability could have impacted more t...

Critical Vulnerability in Tron’s Multisig Mechanism Exposed $500M in Digital Assets: Report

After reporting the vulnerability to Tron in February, the researchers highlighted that the issue was promptly addressed and resolved within a few days.

TRON price	$0.082693
Low - High 24H	$0.076407 - $0.085663
Market cap	$7.49B
Volume 24H	$846.68M
All time high	$0.231673 -64.30% January 5th 2018
All time low	$0.001804 4483.81% November 12th 2017
Genesis date	N/A

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