Bloomingbit Newsroom

An analysis has suggested that there is still potential for further upside in TRON (TRX). On the 24th (local time), joao wedson, a CryptoQuant analyst, stated in a report, "According to the Buy/Sell Pressure Delta indicator, buying pressure on TRON has recently increased," adding, "Buying pressure has not reached its peak yet, indicating that the bullish trend is still ongoing." He further commented, "This means there is still room for further upside." The Buy/Sell Pressure Delta is an indicator that, based on the most recent 90 days, assesses which side—buying or selling pressure—is dominant. As of 11:06 AM, on the Binance USDT market, TRON was trading at $0.2692, down 0.81% from 24 hours ago.

Brad Garlinghouse, CEO of Ripple, stated that spot Exchange Traded Funds (ETFs) for crypto assets (cryptocurrencies) serve as a bridge connecting existing finance and the industry. On the 25th (local time), Brad Garlinghouse, Ripple CEO, said on YouTube, "Crypto asset ETFs are a gateway for institutional investors to enter the market," adding that "they act as a bridge connecting traditional finance and the crypto asset industry." He continued, "Through this, the crypto asset industry may be able to enter the institutional framework," and explained, "Traditional institutional investors have begun to recognize crypto assets as a 'legitimate asset class' like gold." Meanwhile, according to the decentralized prediction platform Polymarket, the probability of an XRP spot ETF being approved this year has reached 83%. As of 7:28 p.m., XRP is trading at $2.2908 on the Binance USDT market, down 2.57% from 24 hours ago.

Ethereum Layer 2 (L2) Taiko has announced plans to hold Trailblazer Season 3. On the 11th (local time), Taiko Labs announced via its official page that Season 3, offering even greater rewards, will follow after the conclusion of Trailblazer Season 2 on the 16th. Through Trailblazer Season 3, 12,000 TAIKO will be distributed to each of the top 100 liquidity providers. Trailblazer participants can earn points by providing liquidity to designated pools within selected dApps, and leaderboard snapshots will be taken starting from Day 1 of Season 3.

The Kaia DLT Foundation announced that it has secured investment and entered into a strategic partnership with key investors, including blockchain venture capital (VC) firm '1kx' and 'Blockchain Capital (BCAP)'. On the 30th, the Kaia DLT Foundation stated that it has formed partnerships with 1kx and Blockchain Capital and has secured undisclosed investments. Through this, the foundation aims to strengthen its Asia-based Web3 operations and officially begin Kaia blockchain's expansion into global markets. Additionally, investors participating in the funding round included 'Galaxy', 'Spartan Capital', 'IDG Capital', 'Mirana Ventures', 'Caladan', 'Lingfeng Innovation Fund', 'Comma3 Ventures', 'SNZ', 'Waterdrip Capital', and 'MEXC VC'. The foundation commented that "the partnerships with 1kx and Blockchain Capital, the largest investors in Europe and the Americas, will help introduce LINE NEXT and Mini Dapp services to the market and greatly contribute to strengthening Kaia's global business presence through shared business networks." The partnerships include business strategy development, collaboration with Kaia projects, connections to traditional financial companies such as Visa, content and marketing support, validator operations, and core talent recruitment. The foundation also plans to actively utilize various investors' business networks. Nichanan Kesonpat, Lead Analyst at 1kx, stated, "Kaia provides Web3 experiences on a platform connecting hundreds of millions of people, contributing to the widespread adoption of the industry," and noted, "Mini Dapp based on Kaia is also establishing a unique position, resulting in continuous revenue growth." Yuan Han Li, Partner at Blockchain Capital, said, "We highly rate Kaia's potential to drive Web3 adoption in global markets beyond Asia," adding, "Kaia has secured exclusive partnerships with super apps to offer experiences to more than 200 million users. We are confident that more developers will participate in building on Kaia in the future." Seo Sang-min, Chairperson of the Kaia DLT Foundation, remarked, "This investment and partnership will enhance the sustainability of the Kaia ecosystem and contribute to accelerating effective growth through stronger collaboration," and added, "Kaia aims to expand into broader markets beyond Asia, and we will continue to develop our Web3 services going forward."

Story Foundation, which leads the blockchain ecosystem based on intellectual property (IP), announced on the 10th that it has signed a strategic partnership with the global cloud leader Google Cloud. After successfully completing its mainnet migration and governance token launch, Story plans to accelerate the creation of a developer-friendly environment and the expansion of its ecosystem through this collaboration. Through this agreement, Story has secured access to Google Cloud's Testnet Faucet. The Testnet Faucet is a developer support service that provides free tokens needed for deploying and testing smart contracts. It helps reduce the burden of gas fees during blockchain development and contributes to creating a more transparent testing environment. Since the early days of the mainnet, Story introduced this feature to lower barriers for developers. As a result, when the mainnet launched, it recorded an average of about 2,000 users per day, and currently, around 12,000 active users per day. Going forward, Story plans to expand the scope of its cooperation with Google Cloud to establish a stable infrastructure that offers scalability, security, and high performance. In addition, it aims to provide a more reliable service for creators, developers, and users alike. The foundation will also gradually implement joint marketing, educational programs utilizing Google Cloud's developer training resources, and technical support. Andrea Muttoni, Chairperson of Story Foundation, said, "AI technology is developing so rapidly that it threatens the existing IP framework, making the construction of a new infrastructure imperative. With this collaboration with Google Cloud, Story will create a blockchain-based creative marketplace where anyone can freely utilize and develop IP."

Worldcoin (WLD) surged more than 31%, buoyed by news of a major venture investment. According to the crypto-focused media outlet CryptoPotato on the 23rd, World Network recently announced that it has raised a total of $135 million in investment from a16z and Bain Capital Crypto. This funding was carried out via a private token sale. The funds raised will be used to deploy 7,500 Orb iris scan devices across the United States and to expand service to as many as 180 million people nationwide by the end of this year. On this day, WLD soared 31.4% from $1.24 to $1.63 within one day. This marks a 164% rebound from the low recorded at the beginning of last month. The project team stated, "This investment is for World’s long-term mission and was achieved with the support of early believers and builders." Meanwhile, Worldcoin officially launched its service last month in six cities: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. Users can complete iris authentication to receive WLD tokens, which they can use to access features such as token-based lending, prediction markets, and usable Visa cards.