Tron Integrating with Solana
The founder of Tron, Justin Sun posted that Tron will be coming to the Solana blockchain in the coming weeks. Tron's coin is TRX and it was created with the goal of decentralizing the internet by creating a blockchain ecosystem that enables free and efficient content sharing. The integration could facilitate direct cross-chain swaps between TRX and SOL, further reducing transaction cost. Sun has stated his goal is to achieve zero-fee stablecoin transactions. Currently Tron does 60 billion in Tether volume monthly. Working with Solana will help move forward in that direction with super low transactions fees and lighting fast speeds. On the Solana side this will grow its user base and increase volume which will in turn help the Solana team continue to evolve the chain to be more robust.
US Spot ETFs Post Large Inflows
The Bitcoin ETFs saw net inflows of $274 million on Monday, the largest daily inflow in approximately 6 weeks. Over the last 5 weeks the ETFs saw a consecutive outflow with the market selloff. The inflow may be suggesting that support levels are strong and the tide maybe turning from renewed confidence in BTC and institutional interest.
Quick Hits
- Brazil may allow 50% of salaries to be paid in BTC
- SOL Futures go live on CME
- North Korea is now the 5th largest BTC holder after the Lazarus hacker group converted stolen ETH from Bybit to BTC.
