Conflux, a Chinese blockchain platform, has announced the launch of a new offshore yuan-backed stablecoin during its Conflux 3.0 network upgrade event in Shanghai. This stablecoin, pegged 1:1 to the offshore Chinese yuan, aims to facilitate cross-border payments, particularly for countries involved in China&#8217;s Belt and Road Initiative. Conflux has partnered with fintech firm Anchorx […]

Conflux Launches Offshore Yuan-Backed Stablecoin for Countries in China’s Belt and Road Initiative

Meme stocks are rallying in lockstep with crypto and the broader stock market, 
with gains reminiscent of the pandemic era.

Opendoor’s 500% surge signals return of meme stock mania

Tron (TRX) hit a fresh yearly high last Friday, climbing to $0.3344 for the 
first time since early December 2024. The price surge reflects growing market 
confidence, with bulls firmly in control and the technical structure pointing 
toward continued upside. While many altcoins remain stuck in consolidation, 
Tron stands out with a strong uptrend supported by improving fundamentals. 
Related Reading: Bitcoin Whale Metrics Flash Mixed Signals: Monthly Inflows 
Rise And Daily Outflows Start Slowing On-chain data from CryptoQuant reveals a 
key driver behind this momentum: fees on the Tron network have surged, 
surpassing those of Ethereum and reaching parity with Bitcoin. The platform 
now averages $1.29 in monthly transaction fees — a milestone that highlights 
both increased user activity and a moderate rise in base transaction costs. 
This shift has propelled Tron ahead of Ethereum in terms of fee-based revenue 
generation, further reinforcing its relevance in the smart contract and 
stablecoin sectors. The growing revenue stream and network usage indicate 
rising demand and adoption, both of which provide structural support for TRX’s 
price. As fees climb without deterring user engagement, the fundamentals 
continue to align with the bullish price action. With momentum on its side, 
Tron could be gearing up for a significant breakout beyond its current highs 
in the coming weeks. Rising Fees and Explosive On-Chain Activity Fuel Tron 
Burn Rate According to top analyst Darkfost, the surge in Tron’s network fees 
is not solely the result of recent protocol-level adjustments. Instead, it&#8217;s 
being reinforced by a steady and significant rise in on-chain activity. Tron 
has now processed more than 14 billion cumulative transactions — a staggering 
figure that underscores the network’s consistent utility. On a monthly basis, 
the network averages around 8.5 million transactions, signaling not just 
speculative interest but actual demand and adoption across a range of 
applications. What’s remarkable is that despite the increase in transaction 
costs, user activity continues to climb. This resilience points to Tron’s 
growing relevance in sectors like stablecoins, gaming, and DeFi, where low- 
cost, high-throughput performance is essential. The uptick in usage isn’t just 
a bullish signal on its own — it also has direct implications for tokenomics. 
Each transaction on Tron burns a small amount of TRX, meaning that rising 
activity naturally accelerates the burn rate. This creates a powerful positive 
feedback loop: increased usage leads to more TRX being burned, gradually 
reducing the circulating supply. As demand stays strong and supply decreases, 
the underlying value of TRX finds structural support. This deflationary 
mechanism, combined with growing adoption, positions Tron as one of the more 
resilient altcoins in today’s competitive market landscape. Related Reading: 
$331M In Shorts At Risk As Ethereum Targets Key Supply Level TRX Price Action 
Holds Strong Despite Minor Pullback Tron (TRX) is showing strong technical 
resilience after reaching a yearly high of $0.3344 last Friday. As of now, TRX 
is trading at $0.3137, following a modest pullback, but the broader trend 
remains clearly bullish. The chart reveals a well-formed ascending structure 
supported by the 50-day moving average (blue), which has acted as dynamic 
support throughout the uptrend since March. Importantly, TRX is still holding 
well above the $0.30 psychological level, a critical support zone aligned with 
the recent breakout area. This suggests that the current move is likely a 
healthy consolidation after a strong multi-week rally, rather than the 
beginning of a reversal. Related Reading: Ethereum Open Interest Hits Record 
$50 Billion – Volatility Incoming? The slope of the 100-day and 200-day moving 
averages (green and red) has started to turn upward, confirming the shift in 
momentum. If bulls manage to maintain control and defend the $0.30 level, TRX 
could soon retest its recent highs and potentially push toward the $0.35–$0.36 
region. Featured image from Dall-E, chart from TradingView

Tron Outpaces Ethereum In Fee Revenue – TRX Burn Accelerates

Ethereum institutional demand is driving strong price gains, with corporations 
and ETPs buying more ETH than new supply issued.
The post Bitwise CIO points to demand shock driving ETH higher appeared first 
on Crypto Briefing.

Bitwise CIO points to demand shock driving ETH higher

SharePoint’s cloud-based platform remains unaffected, with the vulnerabilities 
limited to on-premises installations, Microsoft said.

Microsoft publishes emergency patches for its SharePoint software amid attacks

Zilliqa is currently trading at range lows within a critical support region 
marked by the value area low and swing low. A bullish broadening wedge is 
developing, suggesting a possible structural reversal if resistance breaks.