Cardano has undergone significant developments this year, including the launch of its first overcollateralized stablecoin, Djed, and the success of their SECP upgrade, which aims to boost Cardano’s interoperability for DApp development. Despite broader market trends subsiding, the price rally indicates investors’ confidence in the network’s long-term potential and utility as addresses holding more than 10k ADA have collectively accumulated 1.03bn in the past five months. □ 5) Cardano rallied +7% last 1w as the network could be on the onset of becoming an individual asset, showing signs of decoupling from the rest of the crypto market. Upon the news, TRX dropped by 13%, and TVL fell by 3%, although the price has since recovered slightly. Charges also included alleged fraudulent manipulation of the secondary market for TRX through engaging in more than 600,000 wash trades. □ 4) Tron rallied +8% last 1w despite the SEC probing the Tron Foundation and Justin Sun over charges of unregistered sales of TRX and BTT, which the regulator classifies as securities. The upgrade will enable validators to withdraw their staked ETH and will also feature mini pools, solo staker migration to RocketPool, withdrawal queues, improved user interfaces, and lower ETH requirement for validators (allows staking with only 8 ETH instead of 16 ETH). Earlier this month, Rocket Pool announced its new Atlas upgrade, scheduled for early April at the latest. RocketPool is currently third in TVL with $806m locked, behind Lido and Coinbase. □ 3) RocketPool rallied +19% last 1w as Ethereum staking tokens surged with the Shanghai upgrade in less than two weeks, confirmed for April 12. Ripple case coming to a close - Stellar and Ripple have similar purposes to support the transfer of currency across borders, with Ripple using XRP and Stellar using USDC. The rally may also be driven by Stellar’s correlation with Ripple which has surged this past week with the SEC vs. The new feature will allow users to send USDC free of charge for peer-to-peer transactions and access USDC at thousands of Coinme locations across the US. □ 2) Stellar rallied +17% last 1w as the Stellar Development Foundation recently announced that it has partnered with Coinme, a leading crypto technology company, to integrate USDC into its ecosystem.
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