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PDAXScope: TRON revenue, XRP setbacks, Bitcoin Reserve Plan

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October 04, 2024

1 min read

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Tron Emerges as Stablecoin Powerhouse, Outpacing Top Blockchains (Crypto Briefing)

Tron's stablecoin dominance and memecoin activities have driven its revenue to $566 million in Q3, surpassing major networks like Bitcoin, Ethereum, and Solana. The network's stablecoin usage has seen rapid growth, especially in emerging markets, contributing to its 43% quarterly revenue increase.

XRP Faces Setbacks Amid Increased Whale Activity and SEC Appeal (CryptoDNES)

XRP, the cryptocurrency associated with Ripple, has seen a notable increase in whale transactions and social media traction. However, the token has faced setbacks, including the SEC's appeal in the ongoing Ripple case and a decline in price following Bitwise's XRP ETF filing. The article discusses the potential bullish momentum for XRP, but also highlights the continued legal battles with the SEC that are likely to weigh heavily on the token's performance.

US Lawmakers Push for Bitcoin Reserve Plan (Coin Paprika)

US lawmakers from both parties are backing a proposal to establish a national Bitcoin reserve, aiming to position the US as the global leader in cryptocurrency. The plan, introduced by Senator Cynthia Lummis, calls for the government to acquire one million BTC using federal funds. This bipartisan effort reflects the growing recognition of Bitcoin's importance in the financial landscape.

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