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Tron Hits Record User Activity; Will $Trx Price Follow
Crypto Trends

TRON Hits Record User Activity; Will $TRX Price Follow?

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The TRON blockchain, a platform for decentralized apps and services, just hit a new record for daily active users, meaning more people than ever are using it. This big jump in activity has made people think that TRON’s token, called $TRX, might soon go up in price, even though its price hasn’t risen much yet compared to how much the network is growing.

Analysis of Daily Active Addresses and TRX Price on Tron Network – All-Time Highs in Moving Averages

“Historically, changes in active address trends tend to precede major price movements.” – By @CryptoOnchain pic.twitter.com/7QXqP6g1Gh

— CryptoQuant.com (@cryptoquant_com) June 4, 2025

Experts say TRON is doing well based on its data. The number of active users has been steadily climbing, with the average over the past 50 and 100 days reaching the highest levels ever on June 3. Also, the network is handling over 8 million transactions a day, which is 30% more than it was in early February. 

As per the reports, analysts believe this growth is real and not just from trading on big exchanges. Instead, this growth is attributed to people using TRON’s services, which provide attractive rewards and decentralized features.

Even though TRON’s network is doing well with many users and activity, its token, $TRX, hasn’t seen a big price jump yet. Right now, $TRX is worth $0.2718, which is only a small 1.2% increase in a day and a 10% increase over the past month. But it’s still 36% lower than its highest price of $0.4313 in December 2024.

Some technical tools that predict price movements show mixed signals. $TRX is getting close to a point (called the upper Bollinger Band) that could mean its price might go up soon. However, other tools, like the RSI (which is at 56) and MACD, suggest the price might stay flat or dip a little in the short term.

People watching the market are paying attention to two key price points: if $TRX goes above $0.278, it might climb to $0.30, which would be a favorable increase. But if it falls below $0.264, it could drop further to $0.25. TRON’s ability to handle 2,000 transactions per second, much more than Bitcoin or Ethereum, makes it a strong player in the blockchain world. 

With more users joining the network, investors are hopeful that $TRX’s price will eventually catch up and rise significantly to match TRON’s growth.

Also Read: Rumble Inc. and TRON Partner to Advance Decentralized Internet





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Fed Beige Book flags modest decline in activity, stable labor market
Crypto Trends

Fed Beige Book flags modest decline in activity, stable labor market

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In a live reaction to the Federal Reserve’s Beige Book release Wednesday afternoon, Bloomberg’s Federal Reserve and economics reporter Catarina Saraiva highlighted an increasingly cautious mood across U.S. businesses and consumers.

Saraiva stated the Federal Reserve’s Beige Book is “pretty similar” report to what we have seen this year, pointing to slight declines in activity and a labor market holding steady.

Saraiva emphasized how uncertainty, particularly tied to trade tensions and tariffs, continues to weigh on decision-making. She added that businesses and consumers “are kind of waiting to see how this tariff fight plays out.”

The Beige Book mentioned tariffs a total of 122 times, and that “economic activity declining modestly” was a recurring theme across multiple regions, she noted.

Consumer spending holds

Despite fears that tariffs would depress household spending, Saraiva said U.S. consumers have remained surprisingly resilient. The consumer, she said “has stayed strong” and a “big part of that is the labor market.” Retail sales increased slightly, but there’s been a drop in big-ticket purchases.

On inflation, Saraiva pointed to an ongoing concern at the Fed: the risk of inflation expectations becoming unanchored. “That completely takes away the Fed’s ability to control prices,” she warned. However, she noted that most market-based inflation measures remain stable, despite some recent volatility in sentiment surveys.

Michelle Bowman seen as a steady, regulation-light Fed candidate

Saraiva also discussed her recent reporting on Michelle Bowman, U.S. President Donald Trump’s pick for the Federal Reserve’s Vice Chair for Supervision. Bowman, currently a Fed governor, is known for her support of lighter-touch regulation and opposition to recent proposals for increased capital requirements.

“Her views are very widely known… she’s kind of aligned with the industry when it comes to [regulation],” Saraiva said.

She added that Bowman still advocates for rigorous supervision and has called for an independent review of the Silicon Valley Bank collapse.

Bowman could also be in the running to succeed Jerome Powell as Fed Chair, Saraiva added. She’s already on the board and has “proven herself to be a dedicated policymaker.”



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Reddit will let you hide posts, comments and NSFW activity from your public profile
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Reddit will let you hide posts, comments and NSFW activity from your public profile

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Reddit will now allow its users to do something it never before has permitted: to selectively “curate” their public-facing profiles by hiding some of their posting and commenting activity from other users.

Up to now, Reddit has included users’ full commenting and posting activity in profiles. So while most users are anonymous, others could easily check out their post history and see what communities they’re active in. The feature, which many users see as a key part of Reddit’s openness, has helped Redditors ferret out trolling, lying and numerous other types of bad (or merely embarrassing) behavior on the platform.

With the update, however, Reddit users will be able to “curate” their profile. The additional control will allow people to hide all their public posts and comments from their profile or hide public posts and comments in specific subreddits from their profiles. There is also a “NSFW” toggle, which would hide posts and comments in NSFW subreddits. The setting won’t hide a comment or post in the subreddit where it originally appeared, but it won’t be visible on a user’s profile.

The company notes that there will be some carveouts to these settings for moderators, who may rely on users’ past activity to suss out rule-breakers or decide who is eligible to join their community. “If you post, comment, send modmail, request to be an approved poster, or request to join a private subreddit, that mod team will have access to your full profile content history for 28 days after the interaction – regardless of your settings,” Reddit says in an FAQ.

Reddit

Despite that concession, many Redditors aren’t exactly happy about the changes, which could alter some of the core dynamics of the platform. “This seems like it’s going to lead to bad actors being able to more easily hide their behavior from the average user,” one of the most-upvoted comments on Reddit’s post says. “Unless you’re a mod, you won’t be able to see that they’re posting inflammatory misinformation across a dozen different subs, for instance.”

Others have noted the feature also means that creating an alt or throwaway account is somewhat less necessary, as it’s easier to hide posts you don’t want linked to your presence on the app. While that may be an added convenience for some, it also raises questions about the company’s approach to making new accounts. During the company’s most recent earnings call, CEO Steve Huffman suggested that Reddit was considering ways to “evolve” its “historically permissive account creation” process. Huffman didn’t elaborate on what that may look like, but said changes would be necessary to fight AI-powered “abuse or manipulation” of the platform.



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Crypto Trends

AUSTRAC Tightens Grip on Crypto ATMs After Spike in Illicit Activity

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In brief

  • AUSTRAC revoked a crypto ATM provider’s license and imposed $5,000 transaction caps after finding widespread fraud, especially targeting users aged 60–70.
  • New data shows over-50s account for 72% of ATM transaction value, prompting tighter rules and educational campaigns near machines.
  • The regulator said it will continue monitoring the sector and may introduce further measures if scam-related harm persists.

Elderly Australians are being scammed out of millions at crypto ATMs, and AUSTRAC is shutting them down.

AUSTRAC, or the Australian Transaction Reports and Analysis Centre, said it has refused to renew the registration of crypto ATM operator Harro’s Empires and imposed new conditions on others, according to a statement released Monday. 

To combat fraud, AUSTRAC has capped deposits and withdrawals at $5,000 per transaction and is requiring enhanced customer due diligence. Digital currency exchanges that accept cash have been urged to adopt similar safeguards.

“A large number of 60–70-year-old users are victims of scam activity, AUSTRAC CEO Brendan Thomas said in the statement. “It’s a huge concern.” 

The announcement follows a March warning by AUSTRAC that placed the sector “on notice,“ after a crypto taskforce formed in late 2023 flagged serious gaps in compliance. 

New data from nine crypto ATM providers show that people over 50 account for nearly 72% of total transaction value, with the 60–70 demographic alone representing 29%.

“AUSTRAC’s recent move, coupled with Singapore’s MAS’ licensing deadline, are particularly alarming given APAC’s established position as a crypto hub,” Altan Tutar, CEO and Co-Founder of MoreMarkets, told Decrypt. “The region has long attracted Web3 projects through balanced regulation that pushed innovation while maintaining oversight. This competitive advantage now appears at risk.”

AUSTRAC’s latest action targets a sector that has seen unchecked growth, with the number of crypto ATMs increasing from 23 in 2019 to over 1,800 today, according to Coin ATM Radar data.



Officials estimate that roughly $275 million is transferred annually via these machines, with nearly all transactions involving cash-based crypto purchases, primarily Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

“Operators must respect the law of the land,” Sudhakar Lakshmanaraja, founder of the blockchain education platform Digital South Trust, told Decrypt. “Compliance not only protects citizens but also reduces exposure to high-risk activities.

The regulator is also working with law enforcement to place educational materials near machines, hoping to deter victims before funds are sent. 

“However, I would warn anybody who is asked to use one of these machines to send funds to someone to stop and think twice, as once your money is gone, it is almost impossible for authorities to retrieve it,” Thomas warned.

Lakshmanaraja said AUSTRAC’s move was “a clear warning” to the industry, as regulators worldwide are accelerating efforts to curb money laundering, terrorism financing, and other illicit crypto activity.

Crypto fraud surged to $9.3 billion in 2024, with Americans over 60 identified as the most frequent victims and reporting $107 million in losses from ATM scams, according to the FBI’s 2024 annual crime report.

In response to the rising threat, lawmakers across the Pacific are deploying their own countermeasures. 

In February, U.S. Senator Dick Durbin proposed capping crypto ATM transactions and requiring refunds for scam victims, while Arizona and Nebraska passed laws mandating fraud warnings and ID checks.

Edited by Sebastian Sinclair

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XRP Flashes Bearish Signal as Staking Activity Declines
Crypto Trends

XRP Flashes Bearish Signal as Staking Activity Declines

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Despite the recent crypto market rally that saw XRP record massive daily gains, the latest data from on-chain monitoring firm XRPSCAN suggests that DeFi participants on the network have slowed down as market uncertainty rises.

12,906,712 XRP staked

According to the data provider, the total amount of XRP locked in automated market maker (AMM) pools has declined to 12,906,712 XRP as of May 27.

Source: XRPSCAN 

While AMM pools are mechanisms that allow the provision of liquidity on the XRP Ledger DEX, the decision among XRP users to lock in their funds in the AMM pools signals solid confidence in the token’s potential.

Nonetheless, a downturn in this metric suggests that the interest among investors to stake their tokens has reduced, suggesting that investors are less confident about XRP’s future performance.

Despite this plunge in staking activities, the data further revealed that the total number of active AMM pools providing XRP liquidity has increased to 20,299. This increase in active AMM pools despite the decrease in the total amount of XRP pooled suggests that there is a decent shift in how liquidity is distributed across the network.

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Meanwhile, it also appears that more AMM pools have been created with smaller amounts of XRP in them, possibly due to the increased volatility in XRP’s price or growing fear among investors as market uncertainty looms.

While the reason behind the plunge in the amount of XRP locked across AMM pools cannot be clearly determined, it is attributable to recent price dips experienced by the token.

With the crypto market experiencing mixed price actions amid recurring price corrections, investors are in doubt if there is still more to expect from the third-largest cryptocurrency by market capitalization.

As such, they have taken caution by staking lesser amounts of tokens. According to data from CoinMarketCap, XRP has slowed down on its rapid upsurge and has traded steadily with just a 0.29% increase since the last day.

Source: CoinMarketCap 

Notably, XRP is trading at $3.32 as of press time, despite reaching a high of $2.45 five days ago. While the token has maintained resilience above the $2 mark, investors are optimistic about a potential breakout in the price of the token.



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Ethereum selling pressure may rise near $2.8K level: Analysis
GameFi Guides

Ethereum price nears breakout as whale activity, chart pattern align

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Ethereum could be on the verge of a strong bullish breakout as on-chain data shows increasing whale accumulation and a rare chart pattern signals further upside.

Ethereum (ETH) was trading at $2,545 on Monday, hovering around this level for the past few days. This price is about 7% below its monthly high.

There are signs that large investors expect Ethereum to rebound in the coming months. On-chain data shows that the supply of ETH held by whales has been rising steadily. These addresses now hold 103.5 million ETH, up from 102 million on March 1, an increase of nearly 1.5%, a bullish leading indicator.

Ethereum whales | Source: Santiment

Further data shows that Ethereum’s ecosystem is doing well as the total value locked jumped by 26% in the last 30 days to over $132 billion. The bridged TVL, which looks at the value of assets locked in cross-bridge contracts, rose to over $408 billion. 

These numbers are much higher than those of other chains combined. Solana (SOL) has a TVL of $22.48 billion, while BSC has $9.3 billion. 

Ethereum ETFs are also seeing inflows. SoSoValue data show that they have had inflows in the last six days, bringing the cumulative inflows to $2.76 billion. 

Ethereum price technical analysis 

ETH price chart | Source: crypto.news

The daily chart shows that Ethereum has rallied from April’s low of $1,382 to its current price of $2,547. It has formed a bullish flag pattern, consisting of a strong vertical rally followed by a period of consolidation.

ETH is currently trading between the 38.2% and 50% Fibonacci retracement levels. A golden cross, a bullish signal, appears imminent as the 50-day and 200-day Weighted Moving Averages approach a crossover.

Additionally, ETH is holding just above the key support/resistance pivot level of the Murrey Math Lines tool, reinforcing the bullish structure. If Ethereum breaks above the 50% Fibonacci retracement level at $2,730, it would confirm the bullish breakout. In that scenario, the next major target would be the psychological resistance at $3,000, an 18% gain from current levels.



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CoinDesk Bot
Crypto Trends

DOGE Climbs as Whale Activity Boosts Bullish Momentum

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The original meme coin continues its bullish momentum as global economic uncertainties push investors toward alternative assets.

DOGE’s technical structure shows a series of higher lows and higher highs, with support firmly established at $0.225 and resistance at $0.230 recently breached.

Market analysts point to the formation of a “bull flag” pattern suggesting continuation of the prior uptrend, with some projecting targets as high as $0.65 if current momentum sustains.

Technical Analysis Highlights

  • DOGE-USD demonstrated remarkable strength over 24 hours, rallying from $0.218 to $0.230, representing a 6.43% gain.
  • Price action formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $0.220 with above-average volume.
  • Support has established at $0.225, confirmed by strong buying volume exceeding 300M in consecutive hours.
  • Steady progression toward $0.230 suggests momentum remains firmly bullish with potential for continued upside.
  • In the last hour, DOGE continued climbing from $0.229 to $0.230, with a notable surge at 07:07 where volume exceeded 21M coins.
  • Short-term price action formed a series of higher lows with strong support at $0.229.
  • Resistance at $0.230 was tested multiple times before being breached at 08:01 on nearly 10M volume.

External References

  • “Experts Predict Dogecoin Could Surge Over 500% If This Happens”, ZyCrypto, published May 24, 2025.
  • “Dogecoin Price Prediction: DOGE Whales Shift Gears to New Crypto Tipped to Surge 3000% in 30 Days”, Cryptopolitan, published May 25, 2025.
  • “Dogecoin Price Could Surge Further As Demand Grows, But This Trendline Holds The Key”, Bitcoinist, published May 26, 2025.



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CoinDesk Bot
NFT Gaming

Ecosystem Activity Surges Amid Market Optimism

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BNB’s impressive 24-hour rally showcases the growing strength of the Binance ecosystem amid broader crypto market optimism.

The token’s upward momentum coincides with Bitcoin’s approach toward new all-time highs and increased activity across the BNB Chain, which recently recorded over 8 million daily transactions and 2 million active wallet addresses.

Technical indicators remain bullish for BNB, with strong support established at $682 and multiple tests of this level showing sustained buyer interest despite minor resistance around $684, according to CoinDesk Research’s technical analysis data model.

Technical Analysis Highlights

  • Price action formed a clear uptrend with significant volume spikes at the 15:00 and 16:00 hours on May 21st (183K and 186K respectively).
  • Strong volume support established around the $663-$670 zone.
  • The asset encountered resistance near $689.35 during the 03:00 hour on May 22nd before a minor pullback.
  • Support maintained at $679.08, suggesting continued bullish momentum.
  • Notable volatility in the last hour with a significant price surge between 07:35-07:37, climbing from $680.85 to $683.78 (0.43% increase).
  • Multiple tests of $682.00 level showing buyer interest, with resistance around $683.90.
  • Volume peaked during the 07:37 period with over 7,190 units traded, confirming strength of upward movement.
  • Final minutes showed consolidation around $682.28, suggesting temporary equilibrium after volatile trading.

External References



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Ethereum
NFT Gaming

Ethereum’s Latest Key Upgrade Fails To Ignite Network Activity, Is Adoption Sinking?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum‘s ongoing bullish action hasn’t fully faded yet as the general crypto market builds momentum. While Ethereum’s price has displayed a brief surge, the network continues to show weakness in user engagement, even with recent key updates meant to boost the network’s performance and appeal.

On-Chain Engagement With Ethereum Lagging

A leading on-chain data analytics platform, Glassnode, shared a recent worrying report about the Ethereum network. ETH’s price may have displayed signs of resilience in the midst of ongoing market fluctuations, but the network activity tells a different story.

Glassnode has revealed a persistent, weakened performance in ETH’s on-chain activity, raising concerns about whether its core ecosystem is losing momentum. This consistent lack of network activity occurs despite ongoing positive narratives and upgrades.

According to the on-chain platform, the latest key updates, like the Pectra upgrade, have been unable to ignite activity on the network. “Ethereum’s Pectra upgrade hasn’t translated into a spike in network engagement just yet,” the platform stated.

ETH’s network activity lagging | Source: Glassnode on X

It is worth noting that the Pectra Upgrade was officially launched in early May, with the purpose of bolstering ETH’s network’s scalability and efficiency. The upgrade consists of two synchronized updates: The Prague execution layer hard fork and the Electra consensus layer upgrade.

Glassnode stated that user attrition has decreased, and the Pectra Upgrade still has not increased the number of new or returning users after analyzing the ETH Month-over-Month activity Retention metric. Data from the on-chain platform shows that the average count of new and revived addresses has decreased since the upgrade compared to year-to-date (YTD) values.

ETH’s average new addresses have decreased by about 1.8%, whereas resurrected addresses have declined by 8.4% during this period. Additionally, user churn has witnessed an approximately 8.5% drop in the same time frame. Thus far, Glassnode noted that it remains to be seen whether this is a result of the network upgrades or more general cycle trends.

A Breakout After A Short-Term Correction

Even though network activity has weakened, it does not fully hinder ETH’s price from experiencing a rally. On-chain expert and author ShayanMarkets has predicted an impending breakout to the upside as the Ethereum market overheats near the $2,500 mark. However, a short-term correction is likely to take place before the breakout.

Using a bubble chart that illustrates the total trading volume across all crypto exchanges, the expert highlighted that an overheating scenario, marked by a notable spike in trading volume, has resulted from ETH’s approach to the $2,500 resistance level, now acting as a support level.

This spike is mainly triggered by profit-taking and the available resting supply at this key zone. Furthermore, the overheated situation suggests a probable short-term drop as the market cools and makes room for fresh accumulation. While the altcoin has surpassed $2,500, Shayan’s analysis noted that this move is probably driven by fresh demand.

ETH trading at $2,549 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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bitcoin
GameFi Guides

Bitcoin Breakout Imminent? Binance Taker Activity Suggests Bullish Continuation

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC) may still have room to run, as recent Binance taker data points to another short-term bullish setup for the leading cryptocurrency. Notably, BTC has surged 23.8% over the past month and is currently trading about 4% below its all-time high (ATH).

Another Bitcoin Breakout On The Horizon?

In a recent CryptoQuant Quicktake post, analyst Crazzyblockk suggested that Bitcoin could be poised for another rally based on the custom Binance Taker Buy-Sell Ratio Momentum Signal. The analyst shared multiple indicators that suggest BTC may soon break through its previous ATH.

Source: CryptoQuant

The first key insight is that both weekly and monthly buy-side taker volumes have seen a significant uptick. This spike signals aggressive buying behavior from market participants willing to execute trades at market price, often a strong sign of growing demand.

Related Reading: Bitcoin Poised For $120,000 Rally As Wyckoff Accumulation Hits Final Phase, Analyst Says

For the uninitiated, the buy-sell taker volume refers to the amount of BTC bought or sold by takers – traders who place market orders that are immediately matched with existing limit orders. A higher buy-side taker volume indicates aggressive buying behavior, often signaling bullish market sentiment.

Another critical metric is Bitcoin’s 30-day Z-score, which is currently hovering around 1. This indicates neutral market behavior – well below the overheated threshold of 3 – suggesting that buyer dominance is sustainable and not yet stretched thin.

To explain, Bitcoin’s 30-day Z-score measures how far the current value of a metric – like trading volume or price – deviates from its 30-day average, in terms of standard deviations. A Z-score around 0–1 indicates neutral or typical activity, while values above 3 suggest an overheated or extreme market condition.

The analyst also pointed out that BTC’s weekly price volatility is at its lowest in months. Historically, such low-volatility periods tend to precede significant price movements. Given the current buy-side dominance, the likely breakout direction appears to be upward.

Finally, Crazzyblockk stated that the intraday taker buy-sell imbalance is currently favoring buyers. The CryptoQuant contributor added:

Despite total volume being matched between bids and asks, aggressive taker behavior is skewed toward buys, signaling a clear dominance in execution intent. This imbalance is key for short-term momentum.

In summary, taker behavior data on Binance clearly shows bulls are in control. As long as this pattern holds, a short-term upside continuation remains the most probable scenario.

Analysts Share BTC Targets

As Bitcoin inches closer to its January ATH of $108,786, crypto analysts are weighing in with new cycle targets. For instance, Ali Martinez recently identified $116,900 as the next major resistance zone for BTC.

Meanwhile, on-chain analyst Burak Kesmeci believes BTC could rally as high as $159,000 in this ongoing bull cycle. At press time, BTC is trading at $104,611, up 1.1% over the past 24 hours.

BTC trades at $104,611 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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