💶 Tron (TRX) Achieves Deflationary Status, Removing 2.41 Billion Tokens from Circulation

📉 Tron (TRX), the ninth-largest cryptocurrency by market cap, has become a deflationary asset in 2024. Data shows that over the past 12 months, 2.41 billion TRX tokens, worth approximately $381.2 million, have been removed from circulation. This reduction has decreased the net TRX supply from 88.97 billion to 86.56 billion coins, resulting in a 2.93% deflation rate.

🕯 The deflationary mechanism on the Tron network works similarly to Ethereum's EIP 1559, where users burn TRX to pay for transaction resources. This process aims to protect TRX from inflation and prevent network resource abuse. Tron founder Justin Sun expressed confidence that this trend will continue.

ℹ️ Meanwhile, the no-code meme coin launcher SunPump has contributed to increased network activity, recording over 90,000 meme coins created and nearly 35 million TRX in associated network fees.

💬 Which crypto do you think will be the next to achieve deflationary status, and how might this impact its value?

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💵 Crypto market capitalization: $2.23 trillion

🐂 Trading volume: $58.82B

🪙 Bitcoin dominance: 56.71%

TOP-10 — October 14, 2024

Price changes in the last 24 hours:

🟢Bitcoin (BTC): $65,179 +4.07%
🟢Ethereum (ETH): $2,568 +4.25%
🟢Binance Coin (BNB): $581.62 +1.59%
🟢Solana (SOL): $153.58 +4.16%
🟢Ripple (XRP): $0.54 +1.35%
🟢Dogecoin (DOGE): $0.1133 +1.38%
🔴Tron (TRX): $0.1603 -1.60%
🔴Toncoin (TON): $5.28 -0.04%
🔴Cardano (ADA): $0.3585 -1.36%
🟢Avalanche (AVAX): $29.41 +1.83%

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⚡️ BREAKING: Unverified rumors claim Qatar may invest $500 billion in Bitcoin, potentially impacting prices as seen in the accompanying chart showing Bitcoin/USD at $66,005.60.

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👀 Bitcoin to $100k soon?

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🔵 TON Sees Explosive 2400% Growth, Reaches 90 Million Token Holders

▫️The Open Network (TON) has experienced a remarkable surge in popularity throughout 2024, with the number of token holders skyrocketing by 2400% to over 90 million. This growth has been particularly pronounced since June, with trading volumes reaching a peak of $2.4 billion in September.

▫️Currently priced at $5.28, Toncoin (TON) has a market capitalization of $13.40 billion. Recent technical indicators, including a bullish MACD crossover and a neutral-to-bullish RSI, suggest growing momentum for the token.

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💬 What do you think is driving TON's explosive growth?

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🛡 Smart Contracts Achieve Legal Breakthrough in Argentina

💶 Argentina recognizes first legally binding smart contract on Cardano blockchain, paving the way for crypto-based legal agreements. This breakthrough allows smart contracts to be used for rental agreements, purchases, and other transactions, with cryptocurrencies now approved for commercial contracts in the country.

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🤔 Will smart contracts replace traditional lawyers?

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💵 Crypto market capitalization: $2.31 trillion

🐂 Trading volume: $103.38B

🪙 Bitcoin dominance: 57.3%

TOP-10 — October 15, 2024

Price changes in the last 24 hours:

🟢Bitcoin (BTC): $66,691.72 +1.52%
🟢Ethereum (ETH): $2,590.05 +1.13%
🟢Binance Coin (BNB): $591.86 +0.66%
🟢Solana (SOL): $154.71 +0.18%
🟢Ripple (XRP): $0.5431 +0.66%
🟢Dogecoin (DOGE): $0.1147 +0.12%
🔴Tron (TRX): $0.1584 -1.00%
🔴Toncoin (TON): $5.23 -1.49%
🔴Cardano (ADA): $0.3614 -0.21%
🟢Avalanche (AVAX): $28.36 +2.70%

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💶 Ripple Confirms Use of XRP and RLUSD in Payment Solutions

💭 Ripple’s President, Monica Long, has confirmed that both XRP and its new stablecoin RLUSD will be used together in Ripple’s payment solutions, enabling faster and more cost-effective cross-border transactions.

👀 How do you think the introduction of RLUSD will impact the adoption of XRP?

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☄️ Donald Trump has gained a significant lead, increasing his chances to 19.3% according to #polymarket

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💰 Ethereum and Layer 2s to Reach 100K TPS with 'Surge'

Vitalik Buterin announced that the "Surge" upgrade aims to push Ethereum and its Layer 2 networks beyond 100,000 transactions per second, enhancing scalability and interoperability.

🤔 Can Ethereum achieve this ambitious goal while maintaining decentralization?

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💸 Crypto Exchange Kraken Launches Wrapped Bitcoin Token kBTC

The token will be available on both Ethereum and OP Mainnet.

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💵 BlackRock’s Spot Bitcoin ETF Sees $391.8 Million Purchase Today

❓ How do you think this massive investment in BlackRock’s Bitcoin ETF will impact the market?

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📊 Crypto Market Rallies as Trump's Polymarket Odds Hit 62%

Trump's rising political fortunes, backed by major crypto investors, have pushed his odds on Polymarket to 62%, signaling strong confidence in his 2024 presidential bid and fueling bullish momentum for assets like XRP.

🎤 How do political developments impact your crypto investment strategy?

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💰 XRP ETF Launch: A Key Milestone

Tim McCourt from CME announced a significant step toward launching an XRP ETF with the establishment of a real-time reference rate and index.

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✔️ Saakuru Labs and Memecore Unite for $10M Blockchain Gaming Fund

Saakuru Labs and Memecore have launched a $10M foundation aimed at boosting the Web3 gaming ecosystem by investing in meme coin communities and games.

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🚨 The FBI has arrested the person behind the hack of the SEC’s Twitter account, which posted a fake message about the approval of a Bitcoin ETF.

🤔 What impact could this incident have on the cryptocurrency market?

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🤑 Nearly 30% of Tron’s record quarterly revenue of $151M came from the new SunPump meme coin platform within just two weeks.

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🌐 Radiant Capital Hacked: $51 Million Stolen in Crypto Breach

💥 White-hat hacker danielvf explained that attackers used a Trojan virus to access team members' devices, gaining control of Radiant's lending pool by signing a malicious transferOwnership function. The hackers embedded code in the smart contract, allowing them to steal funds during withdrawals.

⚠️ Can DeFi platforms truly protect themselves from evolving threats?

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🌐 Robinhood has confirmed plans to support trading futures for Bitcoin and Ether.

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🔼 Dogecoin surged by over 6.8% to $0.13 after Elon Musk mentioned the meme coin during a Pennsylvania town hall, boosting its market cap to $19.3 billion.

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⚠️ The crypto market faced a significant downturn, resulting in over $287 million in liquidations within 24 hours, primarily affecting long positions on major exchanges like Binance and OKX.

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