El Salvador’s National Bitcoin Office (ONBTC) has appointed esteemed economist and cryptocurrency advisor Saifedean Ammous as its newest economic advisor. President Nayib Bukele has enlisted the author of “The Bitcoin Standard,” a famous book in the cryptocurrency space, to join his Bitcoin team, according to a statement released on May 30.

Bitcoiner Ammous, renowned for his expertise as an Austrian economist and best-selling author, brings a wealth of knowledge to the role. The Bitcoin Office stated, “Saifedean will make a great addition to President Bukele’s Bitcoin team.”

ONBTC reported that Ammous would be an advisor for matters related to various economic policies. Notably, he has opted not to receive payment for his services, expressing his dedication solely to supporting President Bukele’s Bitcoin policy of economic liberty and Bitcoin.

Expressing his excitement about his new role, Ammous took to Twitter, stating that he is “thrilled, honored, and excited to start working” in the first country in the world to adopt Bitcoin as a legal tender.

During an interview with local media outlet Diario El Salvador, Ammous shared his perspectives on El Salvador’s Bitcoin strategy. He expressed his belief that over time, the people of El Salvador will seek to accumulate more Bitcoin than those in other countries. When asked if having a Bitcoin reserve could lead to a debt-free El Salvador, the advisor responded,

Recently, Ammous traveled to El Salvador and met with President Bukele to discuss the significant advantages of embracing economic freedom as a policy approach. Their discussions covered various topics, including economics, hydroponics, cattle breeding, and urban planning.

During his stay, Ammous also delivered lectures to students of CUBO+, a Bitcoin and Lightning Network developers program aimed at teaching locals the code and concepts surrounding these technologies.

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A new program from the Fantom Opera (NASDAQ:OPRA) network team will pay developers for the gas fees they generate from users, according to a May 31 announcement. Specifically, the “Gas Monetization Program” will pay eligible developers 15% of the total gas fees their apps generate.

Six Web3 apps have already been approved for the program, including ParaSwap, Beethoven X, Stargate, LayerZero, WOOFi and SpookySwap. These apps have generated over 12,000 Fantom (FTM) in rewards already (worth approximately $3,715), the announcement stated.

Despite the ongoing crypto winter, the TRON (TRX) blockchain achieved a remarkable milestone yesterday, reaching a new all-time high in daily transactions with a staggering 10,935,762 transactions processed.

Justin Sun, the founder of the TRON blockchain, shared the record on Twitter, expressing that the achievement clearly indicates the increasing popularity and widespread adoption of the TRON protocol.

He believes that TRON’s growth is a testament to the team’s dedication and the protocol’s enduring strength as the industry faces challenges.

However, Sun claimed the TRON team is not content resting on its laurels. Looking ahead, the team has set an ambitious target for the coming year, which is to double the transaction volume.

The TRON founder noted that the goal is not merely about increasing the number of transactions but also showcasing the exceptional quality and efficiency of the TRON network.

He added that the transaction volume surge is expected to positively impact protocol revenue, demonstrating that TRON’s fundamentals remain robust even in a challenging market environment.

Sun emphasized that continuous improvement and tangible results are the best strategies to overcome a crypto winter. He highlighted TRON’s unwavering commitment to delivering concrete outcomes and encouraged the community to stay tuned for further updates as TRON progresses with its ambitious plans for the year.

In a related development, data from the popular market tracker CoinMarketCap shows that the TRON native token, TRX, has climbed four steps up the ranking. TRX now ranks eleventh largest crypto on the market, up from position 15 in April. TRX trades at $0.07448 with about 4% negative growth from the past week.

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