Tron (TRX) News: Strategic Moves and On-Chain Growth Fuel Surge

Tron (TRX) has seen a remarkable surge in both price and user engagement, driven by strategic acquisitions and significant on-chain developments. With a 24.69% increase in new addresses and a 12.73% rise in active addresses, the network's active addresses recently reached 2.47 million, aligning with its price appreciation to $0.239. This growth is further bolstered by World Liberty Finance's purchase of 10.8 million TRX for $2.65 million USDT, highlighting the cryptocurrency's growing appeal and potential for future gains.

Mapping Tron’s road ahead as Trump-backed moves ignite surge

Tron (TRX) has experienced a significant surge in both price and user engagement, with a 24.69% increase in new addresses and a 12.73% rise in active addresses. This growth is attributed to strategic acquisitions, such as World Liberty Finance's purchase of 10.8 million TRX for $2.65 million USDT, and notable on-chain developments. The network's active addresses recently hit 2.47 million, aligning with its price appreciation to $0.239. The surge in new addresses indicates heightened interest and strong network adoption, likely driven by recent market activities and high-profile purchases.

President Trump Says US Will Be ‘World Capital’ of AI and Crypto

President Donald Trump announced at the World Economic Forum that the United States aims to become the global leader in both artificial intelligence (AI) and cryptocurrency. He emphasized the nation's commitment to these sectors, highlighting a $100 billion AI initiative called Stargate, which aims to position the US as a manufacturing superpower and a pioneer in emerging technologies. While Trump has previously shown support for cryptocurrencies, his focus on AI marks a newer development in his policy agenda.

Crypto Exchange Phemex Investigates Potential $37 Million Hack

Phemex, a cryptocurrency exchange, is currently investigating a potential security breach that may have resulted in the loss of over $37 million in digital assets. The affected assets include Bitcoin (BTC), Ethereum (ETH), and TRON (TRX), among others, across multiple blockchain networks. In response to the incident, Phemex has temporarily suspended withdrawals. Cybersecurity firm Cyvers reported over 125 suspicious transactions originating from Phemex's hot wallets, with funds being moved to new wallets on various chains such as Ethereum, Polygon, Binance Smart Chain, Optimism, Base, Avalanche, Bitcoin, Tron, and Solana. Some of the stolen tokens and stablecoins have already been swapped to prevent freezing. Phemex has assured users that its cold wallets, which hold the majority of user funds, remain secure and unaffected. The exchange emphasized the transparency and verifiability of these wallets.