Canary Capital announced its proposed Canary Staked TRX ETF, trading under ticker TRXS, is coming soon pending SEC approval. The ETF will stake nearly all held TRX tokens, retaining 80% of staking rewards after fees, and will be custodied by BitGo with cash held by U.S. Bank. The product aims to provide investors exposure to TRX price movements plus staking rewards through ordinary brokerage accounts. However, the registration statement is still preliminary with no confirmed launch date or SEC effectiveness notice, so the ETF remains a proposed product until further regulatory steps are completed.
Tron has overtaken Ethereum as the leading network for USDT stablecoin, with its USDT supply reaching $94.27 billion after a $4 billion increase in the past month. Tron now hosts more than half of the global USDT circulation, driven by lower transact...
Robinhood Chain has surged ahead of major blockchain networks by generating over $4 million in revenue within 24 hours, according to DeFi analytics platform DefiLlama. This revenue is more than double that of the second-highest network, Canton, and o...
Bitcoin traded above $77,600, recovering from a recent dip, while XRP led gains with a nearly 3% rise to $1.36. Other cryptos like BNB and Solana also saw modest increases, but Ether lagged below $2,400. Despite the rebound, the broader crypto market...
Cryptocurrency markets fell amid rising US-Iran tensions, with Solana and Tron dropping over 3%, while Bitcoin showed resilience, declining only about 1% near $77,500. The broader sell-off was driven by global macroeconomic concerns, including rising...
