Tron (TRX) Price Jumps 10% After Major Ethereum Integration

Justin Sun confirmed on Twitter on Friday that TRON's TRX has now expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge. TRON's TRX is currently trading at $0.08388, nearly 10% up in the last 24 hrs.

Timeline of Ethereum, Tron

Tron's TVL saw a significant uptick which managed to remain steady above $5 billion at least in the last three months. Similarly, the amount of fees that the network generated grew substantially in the last five months.

After eight years of dormancy, an Ethereum (CRYPTO: ETH) wallet that received 8,000 ETH from participating in the cryptocurrency project's Initial Coin Offering (ICO) in 2015 has awoken and transferred its contents. What Happened: The owner of the wallet, which has been inactive since 2015, began with a $1 transfer to a new wallet before moving the remaining $14.7 million in ETH (7,999 ETH) to the new wallet in just two minutes on Saturday.

Ethereum, the world's second-largest cryptocurrency, has maintained its support above the $1,750 mark, showcasing resilience in a volatile market. Like Bitcoin, ETH recently initiated a fresh surge after forming a solid base above the $1,820 resistance level.

Ethereum (ETH), the second-largest crypto by market cap, gained around 3% over the past day to climb above $1,900 on Monday. The altcoin follows Bitcoin‘s moves. Invezz.com news revealed that Bitcoin renewed its upward momentum after the debt ceiling tentative deal.

In a stunning twist of events, a wallet that had laid dormant since the Ethereum initial coin offering (ICO) in 2015 has suddenly sprung to life, sending ripples of excitement and speculation throughout the crypto world.

An Ethereum whale deposited 23,080 ETH, worth approximately $44 million, into Binance just 20 minutes after the cryptocurrency's price rose above $1,904. This action suggests that major holders are starting to take profits amid Ethereum's recent surge.

In a recent blog post by Matthew Sigel, Head of Digital Assets Research, and Patrick Bush, Senior Investment Analyst for Digital Assets at VanEck, a leading global asset manager, a bold prediction has been made: Ethereum's price could potentially skyrocket to $11.8K by 2030.

The world's second-largest cryptocurrency Ethereum (ETH) has shown an upside move of 3% shooting past $1,900 in the early trading hours of the Asian market. ETH follows Bitcoin price gains as hopes over the US increasing the debt ceiling, ignite.

Ethereum, the world's second-largest cryptocurrency by market capitalization, has witnessed a significant surge in its mean block size, reaching a new 1-month high. This milestone was recently announced by Glassnode, a renowned on-chain analysis platform.

Security breach in Jimbos Protocol, a liquidity protocol operating under the Arbitrum system, resulted in a significant loss of 4,000 Ether (ETH), approximately worth $7.5 million, on May 28.