Kraken Joins TRON Network as Super Representative, Boosting Decentralization Efforts

In a significant development for the TRON network, Kraken, one of the most established cryptocurrency exchanges, has been elected as a Super Representative. This move, announced by Geneva-based TRON DAO, marks a pivotal step in TRON's decentralization journey. The participation of a major institutional player like Kraken lends substantial credibility to TRON's delegated proof-of-stake (DPoS) mechanism, highlighting the growing acceptance of blockchain governance models among traditional crypto institutions. This collaboration not only strengthens TRON's network but also underscores the increasing institutional validation of decentralized systems in the cryptocurrency space. The election of Kraken as a Super Representative is expected to enhance the network's security, efficiency, and overall trustworthiness, further solidifying TRON's position in the competitive blockchain ecosystem.

Kraken Elected as Super Representative on the TRON Network

Geneva-based TRON DAO has announced Kraken's election as a Super Representative on the TRON network, marking a significant milestone in the platform's decentralization efforts. The appointment of one of crypto's most established exchanges underscores growing institutional validation of blockchain governance models.

TRON's Super Representative system, a delegated proof-of-stake mechanism, gains credibility with Kraken's participation. The exchange's technical expertise and security track record are expected to strengthen network operations and validator diversity.

Bitcoin Price Trims Gains as Bulls Face Resistance Near $108,800

Bitcoin's rally stalled NEAR the $108,800 resistance level, triggering a pullback that saw prices dip below $107,000. The cryptocurrency now faces consolidation, with market participants watching for a potential rebound above $106,500 to reignite bullish momentum.

The hourly chart shows a bearish trend line forming at $106,000, creating a key technical barrier. A decisive break above this level could signal renewed buying interest, while failure to hold $105,000 may invite further downside pressure.

Trading volume patterns suggest cautious sentiment among investors following the rejection at yearly highs. The 100-hour moving average currently acts as dynamic resistance, with the 50% Fibonacci retracement level near $107,000 marking the next significant hurdle for bulls.