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Trump Enthusiasm Also Influenced Institutional Investors! They Flocked to Five Altcoins Apart from Bitcoin (BTC)!

Bitcoin (BTC) broke a new record today, thanks to the excitement created by Donald Trump`s inauguration, and renewed its ATH by passing $ 109,000. While Bitcoin is expected to rise further around Trump enthusiasm, Coinshares released its weekly cryptocurrency report and said that there was an inflow of $2.2 billion last week. “Last week, during the excitement of Trump`s inauguration, $2.2 billion in inflows were recorded into cryptocurrency investment products. This was the biggest inflow week of the year so far.” Bitcoin is the Leader Again! When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin. BTC saw an inflow of $1.9 billion, while Ethereum (ETH) saw an inflow of $246.2 million. When we look at other altcoins, XRP saw an inflow of $30.8 million, Chainlink (LINK) $2.8 million, Stellar (XLM) $2.1 million, and Solana (SOL) $2.5 million. “Bitcoin saw $1.9 billion inflows, taking YTD inflows to $2.7 billion. Ethereum saw a total of $246 million in inflows last week, matching the outflows it has seen so far this year, but remains the weakest performer from a flow perspective this year. Still, it dwarfs Solana’s $2.5 million in inflows last week. XRP saw another $31 million inflows last week, bringing its total inflows since mid-November 2024 to a staggering $484 million. “There are small inflows in Stellar of $2.1 million but very little other altcoin activity.” When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 2.099 billion dollars. After the US, Switzerland and Canada also saw notable inflows with $88.9 million and $13.4 million respectively. In the face of these inflows, Sweden experienced a small outflow of $14.5 million. *This is not investment advice. Continue Reading: Trump Enthusiasm Also Influenced Institutional Investors! They Flocked to Five Altcoins Apart from Bitcoin (BTC)! CoinOtag

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TRON, Tether, and TRM Labs Join Forces to Safeguard USDT Users

In a significant development for blockchain security, TRON , Tether , and TRM Labs have collaborated to protect USDT users on the TRON network from fraudulent and criminal activities. This partnership has successfully frozen over $100 million in assets tied to illicit activities such as money laundering, scams, blackmail, hacks, terrorism, and drug trafficking. TRON, Tether, and TRM Labs collaborate to protect USDT users from malicious activity on TRON “This collaboration has frozen more than 100 Million USD of assets associated with money laundering, scams, blackmail, hacks, violent crimes, terrorism, and drugs” – By @BenSizelove pic.twitter.com/3YhG70RvZx — CryptoQuant.com (@cryptoquant_com) January 16, 2025 This initiative highlights the commitment of these organizations to creating a safer environment for cryptocurrency users. By leveraging advanced blockchain analytics and freezing suspect assets, they aim to minimize risks and foster trust within the crypto ecosystem. Trump-Backed Crypto Project Plans Investment in TRON In related news, World Liberty Financial (WLFI), a crypto project backed by the Trump family, has announced plans to acquire TRON (TRX) tokens. According to reports from Coindesk, World Liberty Financial raised an impressive $90 million through the sale of its WLFI token. According to Coindesk, the Trump family-backed crypto project World Liberty Financial will buy tron ​​(TRX) token. World Liberty raised $90 million by selling WLFI. Earlier, Justin Sun announced that he would invest $30 million in World Liberty Financial and become its largest… — Wu Blockchain (@WuBlockchain) January 18, 2025 Justin Sun, the founder of TRON, had previously revealed his intentions to invest $30 million in World Liberty Financial, making him the project’s largest investor. This strategic partnership between TRON and World Liberty Financial underscores the growing appeal of TRON’s ecosystem and its potential to attract high-profile collaborations. TRON’s Growing Influence These developments highlight TRON’s expanding role in the cryptocurrency market. Its partnership with Tether and TRM Labs not only strengthens user protection but also sets a benchmark for proactive measures against malicious actors. Meanwhile, the involvement of prominent entities like the Trump-backed World Liberty Financial demonstrates the increasing interest in TRON as a key player in the blockchain space. As TRON continues to gain traction, these partnerships and investments signal a bright future for its ecosystem and user base. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: lishchyshyn/ 123RF // Image Effects by Colorcinch CoinOtag