TRON recently achieved a major breakthrough in the cryptocurrency space, becoming the first public blockchain project to be selected for the US government's "Crypto Presidential Lab" blockchain pilot program. This recognition not only highlights TRON's technological strengths but also signals a fundamental shift in the narrative surrounding institutional cryptocurrency adoption. However, at the same time, TRON founder Justin Sun wallet was blacklisted after allegations of market manipulation by the new DeFi platform World Free Finance, highlighting the continued volatility and regulatory challenges facing the DeFi market. The current TRX price is 0.33800000 USDT, and the market is closely monitoring the impact of these developments on future price trends.
TRON becomes a key participant in the US government blockchain pilot
TRON has secured a key role in what the industry calls the "Crypto Presidential Experimental Field," becoming the first public blockchain project selected for the U.S. government's blockchain initiative. Its high-throughput, low-cost infrastructure, coupled with proven use cases in cross-border payments, stablecoin circulation, and DeFi, has made it a frontrunner for institutional adoption.
This move represents more than just a technical endorsement; it also signals a significant shift in the crypto narrative. As policymakers institutionalize blockchain acceptance, capital flows could realign. Tron's oracle solutions and DeFi ecosystem put it at the forefront of this transformation, despite lingering concerns about off-chain data verification.
World Free Finance accuses exchanges of token manipulation; Justin Sun wallet blacklisted
World Freedom Finance (WLFI), a new DeFi platform backed by the Trump family, has accused an unnamed cryptocurrency exchange of manipulating the price of its WLFI token. The token, which listed on September 1st at $0.47, plummeted 61% to $0.18 within days. WLFI alleges market manipulation by the exchange and suspicious activity on the wallet of Tron founder Justin Sun
The platform has blacklisted Justin Sun's wallet, freezing $540 million in unlocked WLFI tokens and locking up 2.4 billion tokens. Justin Sun has denied the allegations, claiming his address was only used for testing small exchange deposits. The controversy highlights the volatility and risks of the DeFi market, particularly for newly listed tokens.
HTX Research predicts that the cryptocurrency industry will flourish in the first half of 2025, with TRON and Huobi HTX being the highlights.
According to a recent report from HTX Research, the cryptocurrency industry is expected to experience widespread expansion in the first half of 2025, with TRON and Huobi HTX as key growth engines. Digital asset treasury strategies are becoming mainstream enterprise tools, traditional Ethereum projects are regaining attention, and competition among stablecoin payment networks is intensifying.
TRON has solidified its dominance in the stablecoin gateway space, with its USDT supply exceeding $80 billion, representing over half of the global total. The network processes over $21 billion in daily transactions, establishing a leading position in cross-border payments through low fees and strategic exchange partnerships.
Huobi HTX has established its competitive advantage through a dual focus: streamlining deposit and withdrawal processes and innovating its coin listing strategy. The exchange's performance in these areas has established it as a benchmark platform during this period of industry growth.
