Tron(TRX) Nears Bullish Golden Cross as USDT Circulation Surpasses $70B on TRON Network
The TRON network, led by Justin Sun, has achieved a significant milestone with USDT circulation exceeding $70 billion, solidifying its dominance in the stablecoin market. With daily USDT transfers surpassing $19 billion, the platform demonstrates institutional-grade scalability. As the crypto market recovers, technical indicators suggest TRX may be on the verge of a bullish Golden Cross, potentially signaling a price surge. This development underscores TRON’s position as a leading blockchain for stablecoin transactions and decentralized finance.
Tron DAO Announces $70B USDT Supply: Potential TRX Price Reaction
The TRON network, under Justin Sun’s leadership, has cemented its dominance in the stablecoin market with USDT circulation exceeding $70 billion. Daily USDT transfers on the platform now top $19 billion, showcasing institutional-grade scalability. As the crypto market rebounds, technical indicators point to a potential bullish Golden Cross for TRX. TRON DAO confirms the milestone, reinforcing its status as a premier blockchain for stablecoin settlements. Market watchers are now eyeing how TRX price action will respond to these fundamentals.
Canary Capital Registers Staked SEI ETF in Delaware Amid Growing Institutional Interest
Canary Capital has taken a significant step toward launching a staked SEI ETF by registering the trust in Delaware on April 23. The move follows the firm’s recent filing for a staked TRX ETF and signals aggressive expansion into crypto-based investment products. A Form S-1 registration with the SEC is expected imminently. The proposed SEI ETF would function like traditional exchange-traded funds while incorporating staking rewards—a structure gaining traction as institutional investors seek yield-bearing crypto exposure. Canary’s pipeline reportedly includes similar products for SOL, XRP, and other altcoins, reflecting broader Wall Street demand for regulated digital asset vehicles. Delaware’s business-friendly jurisdiction continues attracting crypto filings despite ongoing regulatory uncertainty surrounding staking services.
Justin Sun Rumored to Be Largest Holder of Trump-Themed Meme Coin
Tron founder Justin Sun is speculated to be the top holder of TRUMP, the meme coin launched by former U.S. President Donald Trump. The rumor gained traction after Arkham Intelligence identified a cold wallet linked to Sun on the token’s official leaderboard.
Sun fueled speculation with a cryptic social media post, hinting at possible attendance at Trump’s exclusive gala dinner for top TRUMP holders. The event announcement triggered frenzied trading activity around the politically themed cryptocurrency.
While unconfirmed, the claim aligns with Sun’s history of high-profile crypto acquisitions. The TRON executive has both the means and track record for such substantial meme coin positions, having previously made waves with similar investments in other viral tokens.
