Streetbeat News

TRON

Corner Growth Acquisition Corp. 2

https://www.cgac2.cornergrowth.com

Industry

Shell Companies

Corner Growth Acquisition Corp. 2 is a blank check company. It intends to focus on businesses in the technology sector. The company was incorporated in 2021 and is based in Palo Alto, California.

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Sun.io, affiliated with Tron founder Justin Sun, has launched SunPump, a platform for creating meme coins on the Tron blockchain. This positions SunPump as a competitor to Solana's pump.fun platform. SunPump emphasizes security and transparency, with a rigorous vetting process and a partnership with Poloniex for listing successful projects. Tron and SunPump are also investing $10 million into the Meme Ecosystem Boost Incentive Program.

Portfolio Pulse from Murtuza Merchant

August 16, 2024 | 2:27 pm

Shiba Inu (CRYPTO: SHIB) has seen 8 trillion tokens withdrawn from exchanges since November, valued at $88 million. Whale activity has increased, with large transactions up by 150% in the past 30 days. Justin Sun, founder of Tron (CRYPTO: TRON), is among the whales accumulating SHIB. A significant SHIB burn rate increase coincides with a partnership with D3 Global for the .shib domain. SHIB's price is down 1.98% at $0.00001089.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 7:17 pm

The HECO Chain bridge experienced a security breach resulting in the theft of over $86.6 million in cryptocurrencies, including Ether and Shiba Inu. Tron's founder Justin Sun has committed to covering all user losses and has temporarily suspended deposits and withdrawals for investigation. The breach is the second major exploit of a Sun-affiliated project, following a $100 million exploit at Poloniex exchange in November.

Portfolio Pulse from Murtuza Merchant

November 22, 2023 | 5:52 pm

In South Korea, altcoins and the Tron network are preferred over Bitcoin and Ethereum for deposits and withdrawals, according to DeSpread Research. This trend is driven by centralized exchanges like Upbit, which accounts for about 80% of the Korean crypto exchange market. Upbit users also prefer Tron over Ethereum due to lower fees and faster transaction processing. Daily transactions via the Tron network reach up to 2 million, compared to Ethereum's roughly 100,000 transactions.

Portfolio Pulse from Murtuza Merchant

October 27, 2023 | 1:49 pm

Justin Sun, the founder of Tron (CRYPTO: TRON), is considering a tender offer for (CRYPTO: TRX) tokens currently held by FTX (CRYPTO: FTT) to protect the cryptocurrency community from potential market turbulence. FTX plans to liquidate around $3.4 billion in highly liquid cryptocurrencies at a rate of $100–$200 million weekly, pending court approval. Sun's move aims to reduce the selling impact on the crypto community.

Portfolio Pulse from Murtuza Merchant

September 11, 2023 | 7:21 pm

A critical security flaw in the TRON blockchain network was discovered by dWallet Labs' cybersecurity research team, 0d, and has since been resolved. The vulnerability could have bypassed TRON's multisig security protocols, threatening over $500 million in digital assets. TRON is a significant player in the global blockchain arena, ranking second to Ethereum in terms of Total Value Locked (TVL) and stablecoin circulation.

Portfolio Pulse from Murtuza Merchant

May 31, 2023 | 3:59 pm

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