Category: The Block

The Block: Layer by Layer: Tron Takes Advantage of FTX Fiasco

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The Tron network recently garnered attention from Tron’s unexpected, last-minute deal with FTX to facilitate limited withdrawals in the final days of the exchange Tron’s algorithmic stablecoin USDD has seen heightened volatility amidst market fears of instability at widely trusted crypto institutions At the same time, Tron’s role in the stablecoin ecosystem continues to grow as it becomes the largest source of USDT supply 

The Block: Genesis Global Capital investigated by U.S. regulators: Barron’s

Genesis Global Capital is being investigated by U.S. state securities regulators, Barron’s reported. It’s part of a “wide-ranging inquiry into the interconnectedness of crypto firms, Genesis’ connection to retail investors, and whether it or other industry participants might have violated securities laws.” The publication cited Alabama as one of the states that is looking into The post Genesis Global Capital investigated by U.S. regulators: Barron’s appeared first on The Block. 

The Block: Binance’s Zhao says industry is ‘healthier’ after a ‘nasty’ year

Binance CEO Chanpeng Zhao said the industry is in a “healthier” place after a “nasty” 2022, and he expects better thing in 2023. “I would expect recovery,” Zhao said at a Binance event in Athens. “So, I think 2022 was a really nasty year, the last six month was like too much has happened. Now The post Binance’s Zhao says industry is ‘healthier’ after a ‘nasty’ year appeared first on The Block. 

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