While the crypto space is profitable, it is no secret that it is treacherous, riddled with scams and crimes. Partnering with Tether and TRM labs, TRON (TRX) announced a new collaboration in combating crypto crime: the T3 Financial Crime Unit (T3 FCU). On the market side, Internet Computer (ICP) leads this week’s top gainers with a 20% upswing.
Meanwhile, a new Binance Coin (BNB) contender has emerged, stirring up quite a buzz: DTX Exchange (DTX). However, unlike conventional trading platforms, it combines key features of centralization and decentralization. It also aims to bridge the gap between TradFi asset classes and Web3 products through a unified hybrid blockchain.
DTX Exchange (DTX): The Next BNB?
The hybrid exchange protocol DTX Exchange (DTX) represents a breath of fresh air in the financial landscape. Unlike conventional trading platforms, it takes a hybrid approach by combining the best elements of CEX and DEX.
It also bridges the gap between TradFi and DeFi through a unified Layer-1 blockchain, which went live earlier this week. As a one-stop platform, users can trade conventional financial instruments like stocks, ETFs, bonds and commodities and Web 3 products (cryptocurrencies).
Unsurprisingly, it has been hailed as a strong contender in the $3.2 billion global trading market. With a frenzy to become early adopters, the presale has been selling out fast—over $2.5 million has been raised at $0.06 in round 3. Meanwhile, top analysts predict a 50x rally after the much-anticipated rally, potentially outclassing Internet Computer coin and TRON.
TRON (TRX): Collaboration to Combat Crypto Crime
TRON (TRX), a top altcoin and a leading DeFi platform, has been in the spotlight since SunPump’s launch. Integration of memes into the TRX network was met with much excitement, pushing the TRON price to a new annual peak.
An annual high of $0.16 was recorded in late August, largely influenced by interests in memecoins. While there has been a slight decline since then, the TRON crypto has been up 2% on the weekly chart. Analysts project a new ATH before the year’s end and considering its stellar record so far, it is a compelling bet.
In a recent development, TRON (TRX), alongside Tether and TRM Labs, established the first-ever private sector financial crime unit to combat crypto crime: the T3 Financial Crime Unit. According to TRX founder Justin Sun, “It’s a first-of-its-kind collaboration,” and the goal is to “create a safer, more secure crypto community.”
Internet Computer (ICP): Token Burn Propel Price
After its remarkable performance this week, Internet Computer (ICP) is at the center of the market buzz. In addition to playing a key role as the first “World Computer” blockchain that can be used to build online systems or services, it is also among the most bullish actions. Recent price actions prove this.
The Internet Computer price has increased by over 20% in the past seven days, crossing the $8.5 resistance. This huge leap can be linked to the overall market rally and, most importantly, its new deflationary status.
Following Ethereum’s footsteps and other deflationary top altcoins, the circulating supply of Internet Computer (ICP) has begun to decrease, thanks to the burn initiative driven by projects like Bobdotfun (BOB). In the words of an enthusiast, ICP is “officially deflationary.”
Conclusion
To combat crypto crime, TRON (TRX) partnered with Tether and TRM Labs, while Internet Computer (ICP) skyrocketed this week. Meanwhile, DTX Exchange, a new trading platform, stands out with its hybrid approach. It combines key features of centralized and decentralized exchanges, building a one-stop platform to trade DeFi and TradFi assets.
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