Tether is now emphasizing support for community-centric blockchains.This shift in focus prioritizes the interests and security of blockchain communities.“Community interest plays a pivotal role when we bring USDT to specific blockchains,” says Tether.$USDC Tether pivots to community-focused blockchains, marking a strategic evolution in the stablecoin’s deployment.
Tether Redirects Focus to Community-Driven Blockchains
Tether, the company behind the largest USD-pegged stablecoin, USDT, has announced a strategic shift towards supporting community-driven blockchains. A recent press release from the firm underscores the importance of community interest in their blockchain evaluation process. The move is part of Tether’s broader goal to enhance the security and efficiency of blockchain networks while fostering innovation throughout the  crypto space.
Discontinuation of USDT on EOS and Algorand
$EOS

As part of this new strategy, Tether has revealed plans to discontinue support for USDT on the Algorand (ALGO) and EOS platforms. Effective immediately, the company will cease minting USDT  tokens on these blockchains. However, they will continue to redeem USDT on Algorand and EOS as usual for the next twelve months. Tether has stated that further assessments and announcements may follow based on this transition period.
$ALGO

Supporting Blockchains that Foster Community Growth
Tether’s pivot highlights their commitment to blockchains that prioritize community engagement and robust security measures. By reallocating resources to these networks, Tether aims to ensure that their stablecoin remains at the forefront of blockchain innovation and user safety. The firm believes that this alignment will not only enhance security but also drive efficiency across the  crypto ecosystem.
Record Daily Average Volume on Tron

TRUSTED BY COINOTAG,
Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange!
Recent data underscores the efficacy of Tether’s strategy, revealing that the daily average volume of USDT transactions on the Tron (TRX) blockchain has surpassed those of major credit card companies like Visa. This milestone demonstrates the growing acceptance and utility of stablecoins in both commercial and financial transactions, further validating Tether’s community-focused approach.
Introduction of aUSDT Backed by Tether Gold
Tether continues to innovate with the launch of new digital assets, the latest being aUSDT, backed by over-collateralized Tether Gold (XAUT). This new asset reflects Tether’s commitment to providing stablecoin solutions that are both secure and versatile, catering to the evolving needs of the  cryptocurrencymarket.
Conclusion
With its newly adopted focus on community-oriented blockchains, Tether is poised to drive the next wave of innovation in the stablecoin market. By discontinuing support on less aligned networks and enhancing their presence on security-focused ones, Tether aims to remain an essential component of the  crypto economy. The strategic direction not only promises a safer and more efficient blockchain environment but also reinforces the critical role of community in the evolution of digital finance.
Related Post:   Ethereum Grabs Spotlight as Crypto Market Prepares for Crucial Week: 5 Key Developments to Watch
Don't forget to enable notifications for our Twitter account and Telegramchannel to stay informed about the latest  cryptocurrency news.

Toncoin faces a pivotal moment as it confronts crucial trendline support after a 5% price decline.Indicators show conflicting reactions, adding to the uncertainty.“Toncoin tests significant trendline support, a critical juncture for maintaining its bullish posture,” says market analyst.
Toncoin’s price undergoes a critical test at a key trendline support, while market metrics show mixed signals. Explore the implications for future market movements.
$USDC

Toncoin Price Dynamics: A Crucial Junction
Toncoin [TON] has recently faced a 5% decline, putting its price at a significant trendline support level. This critical juncture, which has been tested numerous times since February 26th, is essential for sustaining Toncoin’s bullish market structure in the short term. The asset has been on a general uptrend, consistently respecting this trendline. A breach below this support could trigger further price declines, whereas a successful defense might herald a renewed bull run.
Market Valuation and Activity
As of the latest data, CoinMarketCap values Toncoin at $7.24. The market capitalization of Toncoin has dwindled by 4.82% to $17.8 billion, even as trading volume surged to $298.88 million within 24 hours. The stochastic RSI stands at 24.20, indicating an oversold condition that might precede a price rebound. Additionally, the MACD histograms show a reduction in selling pressure, further suggesting a potential reversal.
Active Addresses Reflect Market Engagement
An analysis by COINOTAG utilizing Santiment’s active address and circulation data reveals increasing network activity and user engagement. Notably, the count of Toncoin’s active addresses has been on the rise since March, possibly supporting a price recovery if positive market sentiment persists.
Bulls and Bears at an Impasse

TRUSTED BY COINOTAG,
Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange!
Coinglass’ liquidation data provides additional insights, showing periodic spikes in both long and short liquidations. These trends are aligned with acute price fluctuations, underscoring the market’s volatility. A deeper dive into Toncoin’s long/short ratio data suggests an ongoing balance between bullish and bearish positions, indicating a divided market sentiment with neither side emerging as dominant.
Toncoin’s Future Prospects
Toncoin is currently positioned at a pivotal trendline support level. A successful hold above this threshold could serve as a bullish signal, driving upward momentum. Conversely, failing to maintain this support may lead to additional declines toward lower support levels in the near term.
Conclusion
In summary, Toncoin is at a critical juncture that could determine its short-term market trajectory. The outcome at this key trendline support level will likely influence potential upward movements or further downturns, leaving the market to watch closely for the next decisive movements.
Related Post:   Bitcoin Price Struggles: BTC Faces Resistance at $66,000 Amidst Miner Sell-Off
Don't forget to enable notifications for our Twitter account and Telegramchannel to stay informed about the latest cryptocurrency news.

Metaplanet Inc., a Japanese investment firm, has announced a substantial Bitcoin purchase using funds secured through a bond issuance.This strategic move has sparked a 12% surge in Metaplanet’s stock, underscoring community approval.“This bond-funded Bitcoin acquisition marks a pivotal moment for our company’s investment strategy,” stated a Metaplanet spokesperson.$BTC Metaplanet Inc., a Tokyo Stock Exchange-listed firm, acquires Bitcoin worth $6.26 million, boosting its stock price by 12%.
Metaplanet Announces Additional Bitcoin Purchases
On June 24, Metaplanet Inc. disclosed plans for further Bitcoin investments, with their board approving purchases funded by a new bond series. These investments are part of an aggressive strategy to enhance their  cryptocurrencyportfolio, targeting an acquisition of nearly 100 BTC at current market prices.
Bond Issuance Details and Financial Implications
The issued bonds, maturing on June 25, 2025, will yield an annual interest of 0.5%, with the payment date set for June 26, 2024. Metaplanet’s innovative use of bonds for  cryptocurrency investments underscores a broader trend of traditional financial instruments intersecting with digital assets. This strategic decision is expected to influence their quarterly financials significantly, with Bitcoin holdings recorded either at cost for long-term assets or at market value for current assets.
Stock Market Reaction to Metaplanet’s Bitcoin Investments
Metaplanet’s stock experienced a powerful rally post-announcement, reflecting investor confidence in the board’s decision. The stock’s 12% rise within hours emphasized strong community support. Over the past month, Metaplanet’s shares have appreciated by 67%, translating to a significant market valuation surge. Notably, since their introduction into Bitcoin investments, the company’s stock has quintupled in value.
Historical Context and Future Outlook

TRUSTED BY COINOTAG,
Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange!
Having entered the Bitcoin space earlier this year with purchases on April 23, May 10, and June 11, Metaplanet’s consistent acquisitions indicate long-term confidence in Bitcoin’s potential. The firm, often compared to the ‘Asian MicroStrategy’, now holds over 141 BTC, averaging purchase prices around $65,365. This is considerably higher than the current market price but still below the all-time high of $73,000, suggesting potential for future gains.
Conclusion
Metaplanet’s strategic Bitcoin investments, supported by bond issuances, exemplify a forward-looking approach to asset diversification. This move has not only boosted their stock value significantly but also positioned them as a notable player in the  cryptocurrency market. As the financial world continues to integrate digital assets, Metaplanet’s bold steps could serve as a benchmark for other firms considering similar strategies.
Related Post:   GOP Win Could Skyrocket Bitcoin and Ethereum with Pro-Crypto Regulation, Say Bernstein Analysts
Don't forget to enable notifications for our Twitter account and Telegramchannel to stay informed about the latest  cryptocurrency news.

Cardano (ADA) has been facing significant downward price movements recently, adversely impacting a large number of investors.Two key data sources, IntoTheBlock and Santiment, have provided valuable insights into the current state of ADA’s market.An alarming 3.31 million ADA addresses are currently “out of the money,” highlighting widespread financial challenges for investors.
$ADA

Explore the latest developments impacting Cardano (ADA) investors amidst recent price declines and decreasing network activity.
Why Are ADA Investors Facing Losses?
Current analytics show that a sizeable 74% of ADA investors are experiencing financial difficulties due to the  cryptocurrency’s recent depreciation in value. A closer examination reveals that investors who bought in at approximately $0.39 are nearing a critical breakeven marker, even as prices continue to fall. This specific investor segment controls roughly 2.57 billion ADA, comprised of about 180,000 individual addresses.
Market Dynamics and Investor Behavior
The plummet in ADA’s market price has clearly impacted investor behavior. Those who entered the market at higher prices need to monitor trends closely; holding out until prices reach around $0.39 may present a viable sell-off opportunity to minimize losses. This behavior is reflective of broader market dynamics where investor sentiment and price action are intricately linked.
Current Status of Cardano Addresses
Recent figures from Santiment have registered a decline in daily active addresses for Cardano, dropping sharply to a mere 15,000 on June 20 from an initial 29,000. This significant reduction in active network participation suggests a waning interest and utility in the network. Nonetheless, a slight uptick in transaction volume to $280 million from $202 million seen on June 23 provides a glimmer of hope for some investors.
Evaluating Address Activity

TRUSTED BY COINOTAG,
Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange!
The downturn in network activity could signal potential issues in user engagement and the overall health of the Cardano network. This is particularly critical information for long-term investors who gauge blockchain projects’ viability not just by price but by user base and network utilization rates.
Conclusion
In conclusion, ADA investors are navigating a complex and unstable market, with a significant proportion currently facing losses. Key indicators such as the breaking of the $0.39 threshold, the decline in daily active addresses, and fluctuating transaction volumes should be monitored closely. These trends offer critical insights into potential market recovery or further downturns, helping investors make informed decisions going forward.
Related Post:   KIF Advises Against Bitcoin and Ethereum ETFs in South Korea Amid Economic Concerns
Don't forget to enable notifications for our Twitter account and Telegramchannel to stay informed about the latest  cryptocurrency news.