ChainCatcher news, according to FinanceFeeds, Tether has frozen over $12.3 million in USDT on the Tron blockchain. According to Tronscan data, the freeze occurred on Sunday morning at 9:15 AM (UTC). Although Tether has not publicly responded, it is widely believed that this move is related to the U.S. Treasury's sanctions list or anti-money laundering (AML) compliance review.

ChainCatcher news, according to Lookonchain monitoring, in the past 7 days, the stablecoins (USDT and USDC) on the Tron network increased by 1.38 billion, while the stablecoins (USDT and USDC) on the Avalanche network decreased by 768.6 million.

ChainCatcher news, according to market data, US stock SRM Entertainment opened at $6.7, currently reported at $5.9, an increase of over 300%, with a market capitalization rising to $110 million, setting a new historical high.ChainCatcher previously reported that Tron will achieve listing through a reverse merger with SRM Entertainment, which is listed on Nasdaq.

ChainCatcher news, according to 8marketcap data, the total market capitalization of TRON has surpassed that of Mixue Ice City, rising to 26.96 billion USD, currently ranking 880th in the global asset market capitalization leaderboard.

ChainCatcher news, according to Globenewswire, entertainment company SRM Entertainment, Inc. (NASDAQ: SRM) announced that it has signed a Securities Purchase Agreement ("SPA") with a private investor, which will involve a $100 million equity investment. SRM will use these funds to initiate a treasury strategy for TRON tokens (TRX).In addition, TRON blockchain founder Justin Sun has been appointed as a company advisor. Furthermore, the company plans to change its name to Tron Inc. (TRON Company). In the case of full exercise of the warrants, the value of this strategic investment will reach $210 million.

ChainCatcher news, according to the Financial Times, after U.S. regulators suspended their investigation, Sun Yuchen's blockchain Tron will seek to go public in the United States.According to two people familiar with the matter, Tron will achieve its listing through a reverse merger with SRM Entertainment, which is listed on Nasdaq. The deal is being handled by Dominari Securities, a boutique investment bank based in New York, linked to Donald Trump Jr. and Eric Trump.One of the sources stated that the newly formed company will purchase and hold Tron tokens (TRX), mimicking the strategy of Strategy (formerly MicroStrategy). The source also revealed that Eric Trump is expected to take a position in the new company, which will be named Tron Inc.In the transaction, Tron is expected to inject up to $210 million in token assets into the new company. This marks the latest example in the surge of crypto trading sparked by Trump's friendly stance towards the crypto asset industry since he took office for his second term as President of the United States.In 2023, the U.S. Securities and Exchange Commission (SEC) charged Sun Yuchen and his three companies (including Tron) with selling unregistered securities and manipulating the market. In February of this year, after Trump expressed a desire for "looser regulations" on the crypto industry, the SEC and Sun Yuchen jointly filed a motion with the court to suspend the lawsuit in search of a possible settlement.

ChainCatcher news, according to official news from SunPump, at 8 PM Beijing time on June 17, the SunFlash roundtable will focus on the new order of stablecoins USD1 and the joint layout of the TRON ecosystem, and will hold an online seminar. The USD1 stablecoin supported by WLFI Capital, with its compliant structure and liquidity optimization, may challenge the dominance of USDT and USDC.Meanwhile, TRON, as a leading stablecoin public chain, has built efficient infrastructures such as USDD and JustLend DAO to provide strong ecological support for USD1. This discussion will deeply analyze multiple dimensions of USD1's technical logic, asset model, compliance path, and capital support, as well as the technical logic and financial ambitions behind USD1 and TRON, exploring the future new order of stablecoins together.The seminar will be broadcast live via Twitter Space. Users can follow the official accounts @sunpumpmeme and @Agent_SunGenX, retweet the event tweet, and @ three friends to participate in an interactive lottery to win a reward of 10 USDT.

ChainCatcher news, according to Whale Alert monitoring, an address on the Tron chain holding 12,369,162 USDT has been frozen.

ChainCatcher news, according to Jinshi reports, the Iranian president stated that Iran's reasonable and strong response will make Israel regret its foolish actions.

ChainCatcher news, TRON announced that the mainnet proposal No. 102 regarding TRX reduction has successfully completed voting at 14:00 Singapore time on the same day, passing with 25 votes in favor (out of a total of 27 votes). This reflects the community's strong support for accelerating deflation and optimizing the economic model strategy, and it also means that the TRX reduction has entered the formal implementation stage.The effectiveness of this proposal will reduce the block reward from the original 16 TRX to 8 TRX (a 50% reduction), and the voting reward will decrease from 160 TRX to 128 TRX (a 20% reduction). It is expected to increase the annualized deflation rate of TRX from 0.85% to 1.29%. This reduction aims to accelerate the deflation process of TRX and optimize TRON's economic model, thereby ensuring the long-term sustainable development of the network.

ChainCatcher news, according to official information, the core cross-chain protocol of the TRON ecosystem, BTTC 2.0, is about to introduce an innovative revenue-sharing model. BTTC 2.0 supports multi-address joint staking and co-building nodes through a validator collaboration mechanism, and achieves flexible revenue distribution.All rewards are automatically executed through smart contracts, ensuring full transparency and decentralization, eliminating the risk of human manipulation. This upgrade will lay a solid foundation for the sustainable development of the Web3 economic ecosystem and promote the construction of a fairer and more open blockchain network.

ChainCatcher news, Danske Bank research analyst Stefan Mellin stated that the demand for the 30-year Treasury bond auction conducted by the U.S. Treasury on Thursday was strong. This helped to further lower the 30-year yield below the critical 5% level.Given the unusual price movements at the long end of the U.S. Treasury curve over the past few months, as well as the challenges to the status of U.S. Treasuries as a safe-haven asset, yesterday's auction was particularly significant. The auction results help to alleviate recent concerns about declining demand for long-term U.S. Treasuries.

ChainCatcher news, according to official information, TRON's cross-chain infrastructure BTTC 2.0 has announced a comprehensive upgrade to its governance system.It is reported that BTTC 2.0 has built an open, transparent, and fairly participatory cross-chain ecosystem through an innovative pluggable governance architecture and validator collaboration mechanism. This upgrade will bring a new standard of open and transparent governance to the industry. More technical details will be disclosed in the near future.

ChainCatcher message, Glassnode posted on platform X indicating that options trading activity shows a continued bullish trend for ETH. Data shows that the current put/call open interest ratio remains near a low of 0.43, while the put/call volume ratio has decreased to 0.63, indicating that traders are leaning towards call options. This trend suggests that market speculation interest in the upside risk exposure of ETH is increasing, which may further strengthen the bullish sentiment towards ETH.