๐ Cryptos Wild Week: Do Kwon Fallout, TRON Surge, Monero Turmoil
โก CryptoTrendz - ๐ Latest Trendz Uncovered!:
TRON trading tops $1B, sparking talk of a $1 breakout. Chainlink eyes $30 with strong momentum. Toncoin surges after Coinbase Ventures backs it. A crypto crime unit seizes $250M, and Bitcoin eyes $137K as CPI data boosts Fed cut hopes. โจHereโs an overview:
๐ Cryptocurrency Market Trends:
๐นThe crypto market shows varied movements with TRON trading volume surpassing $1 billion and targeting new milestones. Bitcoin traders eye $137K amid US CPI reports boosting Fed rate-cut prospects. Meanwhile, XRP faces a potential 45% crash risk, signaling possible market caution (Source).
๐ Industry Developments and Regulations:
๐นPaxos pushes for a US bank license as stablecoin rules develop, emphasizing regulatory clarity. Coinbase is reviving its stablecoin fund to enhance USDC adoption in DeFi, reflecting ongoing institutional support (Source).
๐นRussiaโs $1M crypto theft highlights growing crypto security concerns and the need for better safeguards (Source).
๐ Blockchain Innovations and Predictions:
๐นCircle launched Arc, a blockchain dedicated to stablecoin finance, aiming for more efficient crypto transactions. Qubic demonstrated a live 51% takeover, showcasing useful proof of workโs real-world impact, while Ethereum and Monero explore new tech frontiers (Source).
๐ Security and Legal News:
๐นDo Kwon admits guilt in the Terra crypto collapse, signaling increased accountability. The crypto crime unit, with Binance, expands seizures to combat illicit activity, while Monero faces 51% attack risks amid network dominance concerns (Source).
๐ Price Predictions and Technical Analysis:
๐นToncoin targets a breakout after Coinbase investment, and Chainlink anticipates a $30 rally amid key signals. Ethena maintains support at $0.75, aiming for $1.18. Bitcoin risks a pullback with rising miner distributions, urging traders to stay alert (Source).