Nasdaq-listed Tron Inc. has doubled down on its crypto bet, boosting its TRX holdings to more than $220 million after its largest shareholder, Bravemorning Limited, injected another $110 million into the company. According to a Tuesday announcement , the investment added 312.5 million TRX tokens, priced around $0.3372, to Tron Inc.’s treasury. CEO Rich Miller said the move cements the firm as the largest publicly listed holder of TRX. Bravemorning, which now controls 86.6% of Tron Inc., has invested a total of $210 million to date. A Theme-Park Souvenir Firm Turned TRX Treasury Vehicle Tron Inc., which only months ago was better known for selling theme park souvenirs under the SRM Entertainment brand, went public in June through a reverse merger. That deal injected $100 million in equity and included preferred shares and warrants valued at $210 million. Tron Inc. filed to register up to $1 billion in securities as it shifts its core strategy toward building a crypto treasury centered on TRX. #TRON #TRX https://t.co/ZwsRDeIAIx — Cryptonews.com (@cryptonews) July 29, 2025 Crucially, it also brought on Tron founder Justin Sun as an adviser and established the company’s pivot into the crypto space. Since then, Tron Inc. has filed to register up to $1 billion in securities, with plans to issue stock, debt, and other financial instruments “from time to time.” According to regulatory filings, proceeds will be used primarily to accumulate more TRX tokens and pursue income-generating strategies tied to its holdings. The company’s strategy bears a resemblance to Michael Saylor’s MicroStrategy playbook, which turned corporate cash reserves into a Bitcoin treasury. The difference is that Tron Inc. is building around TRX, a token with lower liquidity and a narrower investor base. In its filing, Tron Inc. warned that “a decline in TRX prices or waning investor interest” could impact its ability to raise capital, highlighting the risks associated with heavily betting on a single digital asset. However, the company structure has raised governance questions. While Tron founder Justin Sun has no formal role, his father, Weike Sun, chairs the board. Other board members include a Tron DAO adviser and the lead developer of Tronscan, a block explorer for the network. Complicating matters further, the $100 million in TRX used to fund the reverse merger was held by a Hong Kong trust, where one of Tron Inc.’s directors also serves, indicating potential entanglement between the company and the broader Tron ecosystem. Despite concerns, Tron Inc.’s stock has been on a tear since its rebrand and move to Web3. Shares have surged by more than 1,128% over the past six months, according to Google Finance. Source: Google Finance With its announcement of a new TRX buy yesterday, its stock jumped from $3.99 to $4.30. TRON Generates $2M Daily as Stablecoin Hub – Can TRX Explode to $1? The TRON (TRX) blockchain has quietly become a revenue powerhouse, raking in an average of $2 million daily in transaction fees while cementing itself as the world’s dominant stablecoin hub. The network now hosts more than half of all circulating USDT and processes a staggering $600 billion in monthly stablecoin transfers . TRON dethrones Ethereum in USDT dominance, processing more stablecoin transactions. #Crypto #DeFi https://t.co/AJipQ3embr — Cryptonews.com (@cryptonews) July 28, 2025 The first half of 2025 has been nothing short of spectacular for TRON. Key indicators, including revenue, transaction volume, and user adoption, continue to move upward, prompting speculation that TRX could make a run toward the psychological $1 mark before year-end. Following a record 2,951% revenue surge in 2021, the blockchain maintained its upward trajectory with another 283% revenue increase in 2023, reaching a peak of $2.02 billion in 2024. The momentum has only accelerated, with TRON now generating over $13 million in daily fees, a 17% increase in May 2025 alone. That revenue is powered by USDT dominance. Since the start of 2025, TRON’s stablecoin supply has jumped 40% to $81 billion, with Tether representing 99% of that figure. Over 67 million TRON accounts now hold stablecoins, with 1 million users transacting daily. Tron votes to slash network fees 60% to defend stablecoin dominance as network hosts $80.97B USDT supply outpacing Ethereum's $73.8B. #Tron #TRX https://t.co/LVxLWcJios — Cryptonews.com (@cryptonews) August 30, 2025 But TRON isn’t stopping there. On August 29, the network’s Super Representatives approved a 60% cut in transaction fees , the largest in its history, reducing energy unit costs from 210 sun to 100 sun. The move was designed to counter rising transaction costs tied to TRX’s price surge, from $0.12 in early 2024 to $0.32 by Q3 2025, which had pushed average USDT transfer fees as high as $4.28. TRON already processes $24.6 billion in daily USDT transfers, nearly seven times the volume of Ethereum, while holding 98.56% dominance in its stablecoin ecosystem. The fee slash is expected to make TRON even more attractive in remittance-heavy regions, with network data suggesting it could add 12 million new transfer users. Already, 75% of activity on TRON is gasless, supporting mass adoption and making it the preferred network for exchanges like Binance, which promote TRC-20 USDT as “low fee, high speed.” The post Tron’s Biggest Backer Fuels $110M TRX Buy, Doubling Company’s Treasury to $220M appeared first on Cryptonews .
Bitcoin and Ethereum have made their debut on Wall Street, setting the stage for potential price surges. With these digital currencies entering traditional finance, curiosity abounds about whether Bitcoin could soar past $120,000 and Ethereum hit $5,000. This article explores the key factors driving these possible price milestones and which cryptocurrencies might be poised for growth. Bitcoin Eyes Resistance as Price Climbs in Bullish Trend Source: tradingview Bitcoin's price is climbing, sitting between $106,000 and $112,000. It is eyeing a key resistance at roughly $116,000, which could spark further growth. If Bitcoin breaks through this, it might aim for another level near $122,000. The coin's six-month price increase of nearly 24% suggests solid upward momentum, though short-term changes have been slightly downward. As Bitcoin stays above its support levels, it keeps potential for gains steady. The simple moving averages are mixed, hinting at a gradual yet promising upward trend. With encouraging RSI and stochastic values, Bitcoin seems set for a steady rise, aiming higher in the current market. Ethereum Poised for Growth Despite Recent Dip Source: tradingview Ethereum's price currently hovers between $4169 and $4710, showing a slight decline of 5% over the past week. However, its impressive rise of nearly 25% over the past month and almost doubling over half a year highlights strong bullish sentiment. The nearest resistance lies at $5026, with another challenge at $5567, suggesting potential hikes of about 7% and 18% from the current top price. Support levels are found at $3942 and $3401, providing some stability. Despite fluctuating prices, Ethereum's upward trend, backed by technical indicators like RSI at around 56 and Stochastic at over 81, signals a promising future for further growth if current patterns persist. Conclusion Bitcoin and ETH trading on Wall Street could boost their visibility and acceptance. This move may attract more institutional investors. Increased interest and capital inflow might push BTC beyond $120K and ETH to $5K. The mainstream adoption could play a key role in driving these prices. More regulated trading platforms may also reduce some hesitations among traditional investors. If the momentum continues, BTC and ETH might reach these new heights. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
BitcoinWorld Phenomenal American Bitcoin Trading Halted After Stunning Nasdaq Debut Surge The financial world watched with bated breath as American Bitcoin trading on the Nasdaq exchange experienced a truly phenomenal debut. This highly anticipated event, however, took an unexpected turn, leading to a trading halt. Today, we delve into the dramatic events surrounding American Bitcoin’s entry into the public market and what it signifies for the broader cryptocurrency landscape. What Just Happened with American Bitcoin Trading? Trading in American Bitcoin (ABTC) was abruptly halted on its Nasdaq debut after the stock surged an incredible 59%. This immediate and substantial price increase triggered circuit breakers, designed to prevent excessive volatility and allow the market to cool down. Such halts are not uncommon for new listings that experience overwhelming demand or supply. American Bitcoin is a prominent Bitcoin mining company. Its public listing garnered significant attention, partly due to its high-profile backing. The company is supported by the two sons of former U.S. President Donald Trump, a detail that added another layer of intrigue and speculation to its market entry. Decoding the Phenomenal Surge: Why Did American Bitcoin Trading Explode? Several factors likely contributed to the explosive surge in American Bitcoin trading . Firstly, there’s a strong, sustained investor interest in the cryptocurrency sector, particularly in companies directly involved in Bitcoin’s ecosystem, like mining operations. The narrative around Bitcoin as ‘digital gold’ continues to attract both institutional and retail investors. Moreover, the association with well-known public figures can often generate significant buzz and investor confidence, regardless of the underlying fundamentals. This ‘halo effect’ can drive initial demand, pushing stock prices upwards rapidly. The halt itself is a regulatory measure, not an indicator of company failure, but rather a response to rapid price movement. It allows market participants to reassess the stock’s value before trading resumes. The Dynamics of a Nasdaq Debut and American Bitcoin’s Market Impact A Nasdaq debut is a significant milestone for any company, marking its transition from private to public ownership. It opens doors for broader investment and capital raising. However, it also exposes the company to the full force of market dynamics, including high volatility, especially for new listings in popular sectors. The immediate impact of such a volatile debut for American Bitcoin is two-fold: Increased Visibility: The halt itself generated headlines, bringing more attention to ABTC and the Bitcoin mining industry. Investor Caution: While exciting, such rapid surges can also signal potential risks. Investors must approach these opportunities with careful research and a clear understanding of market volatility. This event highlights the inherent excitement and unpredictability often found in cryptocurrency-related investments on traditional exchanges. The robust interest in American Bitcoin trading reflects a broader trend of digital asset adoption. What Does This Mean for the Future of American Bitcoin and Crypto Investments? The debut of American Bitcoin on Nasdaq serves as a compelling example of the growing intersection between traditional finance and the digital asset world. For investors, this event underscores several key takeaways: Do Your Due Diligence: Always research a company’s financials, business model, and competitive landscape before investing, especially in volatile sectors. Understand Market Mechanisms: Be aware of how trading halts work and what they signify. They are often a temporary pause, not a permanent stop. Long-Term Perspective: While short-term surges are exciting, a sustainable investment strategy typically focuses on long-term growth and value. The continued strong performance of Bitcoin itself, coupled with institutional interest, suggests that companies like American Bitcoin will remain under the spotlight. Their success, however, will ultimately depend on operational efficiency and adaptability within the ever-evolving crypto mining landscape. In conclusion, the phenomenal debut and subsequent halt of American Bitcoin trading on Nasdaq was a dramatic event that captured the attention of investors worldwide. It underscored the immense excitement surrounding Bitcoin-related ventures, particularly those with high-profile connections. While the initial surge was remarkable, it also serves as a potent reminder of the inherent volatility and the critical need for informed decision-making in this dynamic market. The journey of American Bitcoin has just begun, and its trajectory will undoubtedly offer valuable insights into the future of crypto investments. Frequently Asked Questions (FAQs) 1. What is American Bitcoin (ABTC)? American Bitcoin (ABTC) is a Bitcoin mining company that recently made its debut on the Nasdaq stock exchange. It is involved in the process of generating new Bitcoin by solving complex computational puzzles. 2. Why was American Bitcoin trading halted on Nasdaq? Trading in American Bitcoin (ABTC) was halted because its stock price surged by 59% shortly after its Nasdaq debut. This rapid increase triggered circuit breakers, which are automatic mechanisms designed to pause trading and prevent excessive volatility in the market. 3. Who backs American Bitcoin (ABTC)? American Bitcoin (ABTC) is notably backed by the two sons of former U.S. President Donald Trump, a detail that contributed to the heightened public interest in its stock market debut. 4. What does a trading halt mean for investors? A trading halt means that buying and selling of a particular stock are temporarily suspended. It provides a cooling-off period, allowing investors to absorb new information, reassess the stock’s value, and prevent panic buying or selling during periods of extreme price fluctuations. 5. Is American Bitcoin a good investment? Whether American Bitcoin (ABTC) is a good investment depends on individual financial goals, risk tolerance, and thorough research. Its debut showed high volatility, which can present both opportunities and risks. It is crucial to evaluate the company’s fundamentals, the broader crypto market, and consult with a financial advisor. If you found this article insightful, please consider sharing it with your network! Your support helps us continue to deliver timely and relevant cryptocurrency news and analysis. Spread the word and help others stay informed about the exciting world of digital assets! To learn more about the latest explore our article on key developments shaping Bitcoin institutional adoption. This post Phenomenal American Bitcoin Trading Halted After Stunning Nasdaq Debut Surge first appeared on BitcoinWorld and is written by Editorial Team
Ethereum price is trading near $4,377 with short-term bullish momentum after a bounce from $4,257; a clean daily close above $4,377 could push ETH toward $4,500 while failure to hold
Quick Highlights Galaxy Digital teams up with Superstate to tokenize GLXY shares on Solana Tokenized shares align 1:1 with real equity and may enable 24/7 trading GLXY stock jumps 2.8% as Galaxy hints at further tokenized listings Galaxy Digital Partners With Superstate to Tokenize Shares on Solana Galaxy Digital has announced a partnership with Superstate, the company behind the Opening Bell platform, to tokenize its Class A common shares (GLXY) on the Solana blockchain. This marks one of the most significant moves yet in bridging traditional equity markets with blockchain-based infrastructure. How It Works: Tokenized Shares on Solana Superstate will serve as transfer agent, registering ownership instantly on Solana’s network. Each token will represent a 1:1 backed share of Galaxy Digital, ensuring alignment with real equity. The tokenization process is expected to: Accelerate settlements and streamline accounting Extend investor access and opportunities Enable future 24/7 trading of shares For now, access is restricted to KYC-approved investors, who will be able to store and exchange tokenized shares seamlessly. Transactions will automatically update ownership data on Superstate’s platform. Galaxy also specified the official contract address for GLXY tokens on Solana: 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. The company warned that any other GLXY tokens should be treated as fraudulent . Galaxy’s Long-Term Vision Founder and CEO Mike Novogratz said the launch is part of a broader strategy: “By combining traditional equity with blockchain infrastructure, we’re helping build the foundation of a new capital marketplace. Tokenized shares bring transparency, speed, and scalability — not just for Galaxy, but for the entire market,” he stated. Market Reaction and Future Plans GLXY shares jumped 5.5% following the news. The stock is already listed on both the Toronto Stock Exchange and Nasdaq, and could now see increased visibility among digital-first investors. Superstate, which debuted its Opening Bell platform in May 2025, enables public companies to convert stocks into tokenized formats accessible to digital asset investors. Galaxy confirmed that additional listings on Opening Bell may follow in the future.