List of Flash News about Tron (TRX)
Time | Details |
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2025-07-03 14:30 |
Tron (TRX) NASDAQ Listing Offers Stablecoin Infrastructure Play as Bitcoin (BTC) Braces for July Volatility and Solana (SOL) ETF Launches
According to @justinsuntron, Tron (TRX) is pursuing a de-facto public listing on NASDAQ through a reverse merger, a move presented as a significant investment opportunity in stablecoin infrastructure, particularly given the network's dominance in USDT transactions and its role in emerging markets. This development is compared to Visa's historic IPO, positioning the new 'Tron Inc.' as a public proxy for these payment rails. Meanwhile, Bitcoin (BTC) has rebounded to nearly $110,000, but analysis from K33 Research cited in the source warns of significant potential volatility in July due to impending US policy decisions. Adding to market dynamics, the first US-based Solana staking ETF (SSK) debuted with strong initial trading volume, as noted by Bloomberg analyst Eric Balchunas. Further bolstering institutional interest, a recent CoinShares report indicates digital asset products saw $1.9 billion in inflows last week, with BTC and Ethereum (ETH) leading the capital rotation. |
2025-07-02 13:18 |
SEC Filing Reveals $100M TRX Deal Giving Justin Sun's Father Control of Publicly Traded 'Tron Inc.'
According to @justinsuntron, a recent Securities and Exchange Commission (SEC) filing details a $100 million private investment in public equity (PIPE) deal, paid entirely in Tron (TRX) tokens, that gives Justin Sun’s father, Weike Sun, control of a publicly traded company. The filing shows that SRM Entertainment is changing its name to Tron Inc., with Weike Sun appointed as chairman. Other Tron-aligned executives have also joined the board. The deal, arranged by Dominari Securities, involved an investment vehicle owned by Weike Sun purchasing preferred stock convertible into 200 million common shares, plus 220 million warrants. The Financial Times reported that the new Tron Inc. plans to buy and hold up to $210 million in TRX, adopting a corporate treasury strategy similar to MicroStrategy's with Bitcoin. Following the news, the TRX token fell 2.5% to $0.27, and SRM stock dropped 15% to $7.73. |
2025-07-01 15:01 |
Ethereum (ETH) Price Target Hits $3,000 Amid Surging Institutional Demand and Derivatives Dominance
According to @OpenAI, institutional demand is propelling Ethereum (ETH), making a $3,000 price target increasingly likely. OKX Chief Commercial Officer Lennix Lai stated that ETH is overshadowing Bitcoin (BTC) in their perpetual futures market, accounting for 45.2% of trading volume, indicating sophisticated investors are betting on its structural growth. Market data shows ETH is up nearly 11% this month, outperforming BTC's 5% rise. Despite BTC's volatility, a Glassnode report indicates that institutional long-term holders are accumulating on dips, signaling strong underlying conviction. In the broader market, a CryptoQuant report notes the stablecoin market has reached an all-time high of $228 billion, with a Presto Research report highlighting that Tron (TRX) captured over $6 billion in net inflows in May, while Ethereum and Solana (SOL) experienced outflows. Furthermore, an a16z Crypto research partner argues that future autonomous AI agents will require crypto rails to transact, suggesting a long-term growth catalyst for the blockchain sector. |