Tron founder Justin Sun has filed a lawsuit against American film producer and record executive David Geffen in a bid to reclaim an Alberto Giacometti sculpture or get up to $80 million in damages. Sun lodged the complaint in Manhattan federal court on Tuesday, alleging the bronze Le Nez sculpture, which he previously owned, had […]
Spanish law enforcement, in partnership with blockchain firms Tron, Tether, and TRM Labs, has frozen $26.4 million in cryptocurrency linked to a money laundering network operating across Europe. The operation was carried out by the T3 Financial Crime Unit, an initiative formed in August 2024 by the three companies to combat illicit financial activities. The […]
Ethereum topped all blockchains in fee revenue for 2024, generating $2.48 billion over the year. This strong performance in fees, however, contrasted with ETH’s price, which underperformed expectations during the same period. All in all, Layer 1 and 2 blockchains collectively earned almost $6.9 billion from transaction fees last year. Ethereum Maintains Fee Dominance Despite […]
On Jan. 2, the T3 Financial Crime Unit (T3 FCU), a collaboration between Tether, Tron, and TRM Labs, announced that it had passed “a significant milestone in its fight against cryptocurrency-related financial crime.” The unit, launched in August 2024, has worked closely with global law enforcement agencies to “successfully intervene in cases involving money laundering, […]
Ethereum has emerged as the leading blockchain for Tether’s USDT supply, surpassing Tron in a monumental shift for stablecoin dominance. Over the past month, Tether issued $20 billion in USDT on the network, possibly marking it as the go-to blockchain for activity involving the fiat-pegged cryptocurrency. Strategic Expansion Figures shared by the on-chain data platform […]
The art world appears to have moved over Picasso. There’s a new muse in town: a banana duct-taped to a wall. Crypto entrepreneur and Tron founder Justin Sun recently splashed a jaw-dropping $6.2 million at Sotheby’s New York for “Comedian,” Maurizio Cattelan’s viral “artwork” consisting of…well, a banana and some duct tape. And in true […]
TL;DR TRX has surged over 30% in the past two weeks, now trading near $0.17, and has entered the top 10 cryptocurrencies by market cap, surpassing $14.5 billion. Currently, all of the asset’s holders are sitting on some paper profits. TRX’s Solid Performance TRX – the native token of Tron – has been among the […]
TL;DR TRX surged to over $0.16 earlier this week, becoming the 11th largest cryptocurrency, likely boosted by activity from the SunPump protocol. The token’s price is gradually approaching its all-time high, with further growth dependent on market conditions and potential partnerships. TRX’s Impressive Rally TRX – the native token of Tron – has been among […]
According to recent data from Token Terminal, the Tron network has overtaken Ethereum in terms of revenue generation. Over the past 90 days, the blockchain network has accrued approximately $435 million in fees, outpacing Ethereum’s $364 million. Tron’s Revenue Surpasses Ethereum by 50% Tron’s founder, Justin Sun, took to X on August 15 to highlight […]
Despite the launch of a slew of blockchain networks offering lower fees and faster transaction times, Ethereum’s dominance continues, and users seem willing to pay higher fees. As such, Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, according to data compiled by Lookonchain. With a whopping $2.728 billion, Ethereum clearly leads the pack […]