Crypto weekly: Circle is Discontinuing Support for USDC on the TRON Blockchain; Bitcoin miner Riot Platforms generated record $281 million total revenue in 2023.

Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

February 21, 2024

Circle is Discontinuing Support for USDC on the TRON Blockchain.
Through February 2025, Circle Mint customers may transfer USDC to other blockchains, or redeem USDC on TRON for fiat currency directly with Circle. However, transfers of USDC on TRON from Circle Mint to external wallets are no longer supported. Read more

February 22, 2024

Texas crypto company sues SEC for ‘overreach’ on digital assets.
Fort Worth-based crypto company Lejilex and lobbying group Crypto Freedom Alliance of Texas (CFAT) claim the SEC has asserted jurisdiction over the industry without a “clear statutory mandate”. Read more

February 22, 2024 Kraken seeks to dismiss SEC lawsuit, says claim was ‘retaliation’ for political remark.
Kraken said the lawsuit appears to be politically driven, and that it will set a “dangerous precedent” for agency overreach. Read more
February 22, 2024 Sky Mavis Co-Founder Jeffrey Zirlin’s wallets hacked for $9.7 million in ETH.
Jeffrey Zirlin, co-founder of Sky Mavis that created the Axie Infinity game, said that two of his wallets were hacked and that Ronin chain was not affected. Read more
February 23, 2024 Bitcoin miner Riot Platforms generated record $281 million total revenue in 2023.
Bitcoin miner Riot Platforms generated record total revenue of $280.7 million in 2023, according to its annual filed. Read more


What’s coming up for us this week:

February 28, 2024 U.S. Gross Domestic Product (GDP).
Gross Domestic Product (GDP) will be published on January 25, 2024, at 01:30 P.M. UTC. Read more


As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.


Best regards,
FYBIT team