Rising institutional interest in crypto may include the settlement sector, especially stablecoins, which have seen a 55.5% growth in market cap in one year.

FalconX joins Crypto.com as partner for Lynq institutional settlement network

Arizona&#8217;s move to establish a state-managed crypto reserve could set a 
precedent for integrating digital assets into public financial systems.
The post Arizona Bitcoin Reserve bill HB2324 passes House, heads to Governor 
Hobbs for signature appeared first on Crypto Briefing.

Arizona Bitcoin Reserve bill HB2324 passes House, heads to Governor Hobbs for signature

BRICS nations have broken the $1 trillion trade barrier as Russian President 
Vladimir Putin emphasized their expanding influence and ambitious projects 
reshaping global development. With trade volumes exceeding $1 trillion, BRICS 
members are intensifying collaboration across vital sectors such as nuclear 
energy, aviation, IT, robotics, and artificial intelligence. At last week&#8217;s 
St. Petersburg International Economic […]

BRICS Trade Surpasses $1 Trillion as Putin Highlights Global Role

The incident highlights the volatility of crypto markets and the impact of 
misinformation on investor sentiment and asset prices.
The post Binance co-founder Yi He dismisses rumors of CZ receiving pardon from 
President Trump: Report appeared first on Crypto Briefing.

Binance co-founder Yi He dismisses rumors of CZ receiving pardon from President Trump: Report

On-chain data shows Tron (TRX) observed a large profit-taking spike earlier in 
the month. Which type of holder was responsible for the move? Tron SOPR Saw A 
Huge Spike Earlier In The Month In a CryptoQuant Quicktake post, analyst 
Maartunn has talked about the recent trend in the Spent Output Profit Ratio 
(SOPR) of Tron. The SOPR refers to an on-chain indicator that tells us about 
whether the TRX investors are moving or selling their coins at a profit or 
loss. The indicator works by going through the transfer history of each coin 
being moved to see what price it was last transacted at. Coins that have this 
cost basis above the current spot price are contributing to loss realization, 
while those with the opposite setup to profit realization. Related Reading: 
Crypto Bears Rekt: $359M Gone As Bitcoin, Ethereum Rebound The SOPR takes the 
ratio between the spent value and cost basis, and sums it up for all coins 
being sold on the blockchain to find a net situation for the market as a 
whole. When the value of the indicator is greater than 1, it means the 
investors are, on average, realizing a profit through their transactions. On 
the other hand, the metric being under this threshold suggests the dominance 
of loss realization in the market. Now, here is the chart shared by the quant 
that shows the trend in the Tron SOPR over the past year: As displayed in the 
above graph, the Tron SOPR saw a huge spike above the 1 mark earlier in the 
month, implying investors took part in a significant amount of profit-taking. 
From the chart, it&#8217;s also visible that there were other profit realization 
spikes during the past year, but the current one stands out for its scale. The 
latest peak in the metric saw its value go to 4.74, corresponding to a profit 
margin of 374%. &#8220;With TRX priced at $0.268 at the time, the average 
acquisition price for those coins would have been around $0.0566,&#8221; explains 
Maartunn. Interestingly, Tron hasn&#8217;t seen extended periods around this price 
mark since late 2022, meaning that the tokens would have been held for a good 
while before being finally transacted this month. Usually, when dormant hands 
break their silence, it&#8217;s likely to be for selling-related purposes. That 
said, it&#8217;s not the only reason they may do so. &#8220;The activity could be tied to 
early investors realizing gains, internal transfers, or reallocation 
decisions,&#8221; notes the analyst. Related Reading: This Bitcoin Zone Could Be 
Market’s Next True ‘Pivot,’ Says Glassnode In some other news, the USDT supply 
on the Tron network has reached a new milestone, as institutional DeFi 
solutions provider Sentora (formerly IntoTheBlock) has pointed out in an X 
post. There is now over $80 billion in USDT supply circulating on Tron, the 
second-most out of any cryptocurrency network. TRX Price At the time of 
writing, Tron is trading around $0.273, up 0.5% over the last 24 hours. 
Featured image from Dall-E, IntoTheBlock.com, CryptoQuant.com, chart from 
TradingView.com

Tron’s 374% Profit-Taking Spree Uncovered—Here’s Who Was Behind It

Anthony Pompliano’s crypto firm ProCap has purchased 3,724 Bitcoin after 
announcing a $1 billion plan to go public later this year.