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🇺🇸 Donald Trump says he will "end Joe Biden's war on crypto, and ensure that the future of crypto and the future of Bitcoin will be made in America."
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🚀 SWGT to Debut on Multiple Exchanges June 26 After Onboarding 8,000 Investors Smart World Global, the innovative blockchain project, continues to make strides after a successful pre-sale, confirming the listing of its token, SWGT, on multiple exchanges after completing phase 3 of pre-sale with 8,000 private investors. The listings will start June 26 at 2 PM UTC, on 3 major exchanges: Bitmart, which has posted official confirmation on X, a Top12 CoinMarketCap exchange, and another Top17 CMC exchange (name TBA). Having started in December 2023, SWGT has completed 3 phases of the pre-sale scoring nearly 8,000 early investors. Since the launch SWGT has gained strong community with over 90,000 followers across various platforms eagerly anticipating the token's listing. 🔸 Product Development Updates SWGT aims to revolutionize the crypto landscape with two main projects for life and for work, creating solid utility for the SWGT token.  According to the roadmap, the first release of the “for work” product is going to be launched in August 2024. The decentralised work marketplace operating on blockchain is going to revolutionise the freelance market by eliminating the fees for both customers and contractors. The lack of intermediaries will ensure quick payments,  trustworthy reputation system and fair distribution of power. The marketplace is also going to provide freelancers with opportunity to participate in play-to-earn games, turning downtime into a rewarding experience. Users can earn tokens not only through project-related activities but also by undertaking various tasks and challenges within the platform.  The “for life” project represents integration of blockchain technology into high-tech transportation systems with crypto payments. For technical implementation and demonstration of the solution, SmartWorld Global works together with leading innovators in the transportation industry that develop high-tech transportation systems. The use of smart contracts will ensure transparent funds distribution and crypto payments. #SWGT ✅ Marketing
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📊 Justin Sun’s Tron (TRX) passes Visa on this key metric Tron, the cryptocurrency started by Justin Sun, has crossed an important metric as it continues to gain market share. On-chain data shows that the volume of Tether (USDT) traded on the network soared by almost 10% in the past 24 hours, reaching a high of $53 billion. This happened as the number of USDT on the network jumped to over 45 million while the transfer count surged to over 1.8 billion. These numbers mean that Tron has now passed Visa, the biggest financial services platform in the world. According to LookOnChain, Visa handled over $3.78 billion in the first quarter and averaged $42 billion per day. 💬 The 24-hour trading volume of $USDT on #TronNetwork is $53B, exceeding Visa's average daily trading volume. Visa's trading volume in Q1 2024 was $3.78T and the average daily trading volume was $42B — Lookonchain The same is true with Mastercard, the second-biggest company in the world that handled $2.3 trillion in volume. This means that the network’s daily transaction volume stood at over $25 billion per day. Tron has grown to become one of the biggest players in the crypto industry. It has a total value locked (TVL) has soared to over $8.1 billion, making it the third-biggest chain after Ethereum and Solana. The amount of stablecoins in the ecosystem has jumped to more than $58 billion, with Tether having the biggest market share. Meanwhile, Tron has become one of the most profitable players in the industry. Data shows that Tron has made over $730 million this year, making it the second one after Ethereum, which has made over $1.6 billion this year. Tron’s market cap has also been growing rapidly with a market cap of over $10 billion. This makes it the 13th-biggest cryptocurrency in the world. $TRX #TRX #Tron
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🔥 Ripple Moves Out 250M XRP as Price Plunges Below $0.50 On-chain data from Whale Alert shows Ripple has moved a substantial amount of XRP to an unlabeled address, as the cryptocurrency’s price trades below $0.50. The transaction, which occurred yesterday, saw a blockchain address affiliated with Ripple move 250 million XRP ($122.5 million) to an unknown wallet. 🚨 250,000,000 #XRP (122,504,132 USD) transferred from #Ripple to unknown wallet — Whale Alert 🔸 Details About the Wallets Despite Whale Alert tagging the recipient wallet as unknown, data from Bithomp shows Ripple activated it on October 2, 2023. Before the recent transaction, the recipient address has been active, indulging in a series of transactions. This month alone, the recipient address has moved out 219,666,521 (219.66 million) XRP to multiple wallets. The latest outflow from the address, containing 50,000 XRP, occurred less than an hour after it received 250 million XRP from Ripple. Conversely, the wallet has also received 400 million XRP from Ripple this month, including the freshly indexed 250 million inflow. At press time, the address boasts a total balance of 270,959,000 (270.95 million) XRP. Meanwhile, the sending wallet now has a balance of 275.99 XRP following the 250 million XRP outflow. 🔸 David Schwartz Addresses Concerns About Ripple XRP Sales Notably, a transaction of this magnitude usually raises concern that Ripple might intend to sell some of its XRP holdings, thus mounting further pressure on the coin’s price. Investors have accused the company of negatively impacting the price of XRP through its continuous sales. For the uninitiated, Ripple releases 1 billion XRP from escrow monthly, with the company re-locking 800 million and using the remaining 200 million to cater to its expenses. Consequently, several investors have blamed XRP’s underperformance on Ripple’s continuous sales and hefty holdings. For instance, Dev Null Productions left the XRP Ledger ecosystem in March, citing unending XRP sales as the reason behind exit. $XRP
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