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While neither the world’s largest nor the world’s best-known blockchain, Tron (TRX) has been gaining ground when it comes to transactions involving USDT. In fact, at the time of publication, Google Trends shows that global interest in Tron USDT has been as high as in Ethereum USDT over the previous year. The trend is further corroborated by a paper published by Brevan Howard, an Isle of Jersey-based hedge fund with over $35 billion in assets under management (AUM), titled “The Relentless Rise of Stablecoins”. Between January and August 2023, Tron accounted for 35% of volume, 37% of transactions, and 49% of active stablecoin addresses, according to the document.   The paper similarly notes that there has been a broader dwindling of Ethereum (ETH) when it comes to stablecoin activity in favor of not only Tron but also other blockchain s like Avalanche (AVAX) and Polygon (MATIC). The comparison between interest in Ethereum (red) and Tron (blue) over the previous 12 months. Source: G

Shiba Memu presale has hit $3.6 million as more investors buy into AI meme coin. Meanwhile, stablecoin on exchanges is at a 6-month high, led by massive whale deposits. What does spike in exchange buying power means for crypto, Shiba Memu? Although the crypto market is still largely in the accumulation phase amid the latest price movement, analysts are pointing to on-chain data to suggest a bull run might not be that far off. That has to do with an uptick in exchange holdings of the stablecoin Tether (USDT), a metric that has historically coincided with fresh opportunities for crypto investors. What does this strong bullish flip mean for Shiba Memu, a new crypto project that has raised nearly $3.6 million in its recently launched presale? Investor buying power jumps 7%, what it means As Bitcoin broke above $28k earlier this week, on-chain data shared by market intelligence platform Santiment pointed to a significant change in invest or sentiment. This is d

Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack. Decentralized finance protocol Zunami Protocol has confirmed it has encountered an attack on its “zStables” stable coin pools . Blockchain security firm PeckShield estimates over $2.1 million was stolen from Zumani’s Curve Pool on Aug. 13, pegging the exploit to a price manipulation issue. Fellow blockchain security firm Ironblocks arrived at a similar figure. Hi @ZunamiProtocol Today's hack leads to >$2.1m loss and there are two hack txs involved: - tx1: https://t.co/jsOmPT62mk - tx2: https://t.co/u7YOvoS0R9 It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown in the… https://t.co/yqwMVy0pCA pic.twitter.com/OfrDni7KtE — PeckShield Inc. (@peckshield) August 14, 2023 PeckShield detected the exploit on Curve on Aug. 13 at 10:47 UTC, which was confirmed by Zunami about 20 minutes later. Zunam

USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network. Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network. 1/ Circle is launch ing USDC native ly on @Arbitrum on June 8th! Keep scrolling or read the blog to learn more about this launch and how to migrate liquidity from “bridged USDC” to native USDC. https://t.co/tbxSmUvXso — Circle (@circle) June 1, 2023 According to a blog post, Circle will replace the existing version of USDC, an Ethereum-based token that’s been bridged to Arbitrum, with a native token that runs and resides on the Arbitrum network itself: “This will be the official version of USDC that is recognized within the Arbitrum ecosystem and will ultimately replace the currently circulating bridged version of USDC that comes from Ethereum.” Ahead of the launch, Circle plans to rename the existing Ethereum-based v