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Sun Yuchen: Empowering builders in the blockchain industry, committed to promoting the emergence of breakthrough technologies

ChainCatcher news, Sun Yuchen, the founder of TRON, global advisor of Huobi HTX, and core supporter of HTX DAO, was invited to speak at the Blockchain Forum 2025, sharing the latest developments and innovations in the TRON ecosystem. According to Sun Yuchen, as of this month, the number of TRON user accounts has exceeded 300 million, the ecosystem's TVL has surpassed $20 billion, and it has established an industry-leading position in stablecoin trading.Sun Yuchen stated that over the past year, the TRON ecosystem has made several significant advancements, including the launch of the upgraded decentralized stablecoin USDD 2.0, with the current protocol TVL exceeding $367 million; the establishment of T3 FCU (T3 Financial Crime Unit) in collaboration with Tether and TRM Labs, which has already worked with global law enforcement agencies to freeze over $150 million in illegal funds. Additionally, a gas-free feature, Bitcoin Layer 2 solutions, and interoperability solutions between TRON and Ethereum are also under development. "Blockchain and cryptocurrency are at a historic turning point, ready to reshape the future of finance, governance, and global innovation. My goal is to empower the builders and entrepreneurs leading this transformation and to help drive the emergence of the next wave of breakthrough technologies," said Sun Yuchen.It is reported that the Blockchain Forum 2025 is the most influential crypto event in Russia and the CIS region, held in Moscow from April 23 to 24. HTX DAO participated in this summit as a senior sponsor.

4E: Trump criticizes Powell again, US stocks plunge, Bitcoin rises against the trend

ChainCatcher news reports that, according to 4E monitoring, Trump has once again launched a fierce attack on Federal Reserve Chairman Powell and issued threats to the independence of the Federal Reserve, raising concerns in the market about the decline of the dollar's credibility and a potential downturn in the U.S. economy. On Monday, U.S. stocks faced a "Black Monday," with all three major indices suffering significant losses: the Dow Jones fell 2.48%, the Nasdaq dropped 2.55%, and the S&P 500 declined 2.36%. Tech stocks were hit hard, with Tesla down over 5%, Nvidia down over 4%, and the total market value of the "Big Seven" in U.S. stocks evaporating by $404.6 billion.The cryptocurrency market decoupled from U.S. stocks and rose against the trend. Bitcoin has been rising since yesterday morning, and in the evening, Strategy announced the purchase of 6,556 bitcoins for $556 million (average price $84,785), boosting market sentiment, maintaining stability at $87,000 despite the sharp decline in U.S. stocks. This morning, Bitcoin surged again, reaching a high of $88,877, marking a new high in a month, with a 24-hour increase of 1.42%. Bitcoin is draining the crypto market, with altcoins generally under pressure; Ethereum fell below $1,600, down 3.%; SOL reported at $138.75, with a nearly 24-hour decline of 1.72%.In the foreign exchange bulk market, the dollar index plummeted 0.94% to around 98, hitting a new low in the last 16 months; oil prices fell, with U.S. oil down 2.06%; spot gold rose 2.90%, reaching a new high.Trump's continued attacks on the Federal Reserve have left investors worried. While low interest rates may benefit the stock market in the short term, damage to the independence of the Federal Reserve could weaken its long-term ability to control inflation, threatening the dollar's status as the world's safest asset and undermining the foundation of the U.S. economy. The market is highly vigilant, with risk-averse sentiment surging.
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