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TRON (TRX) is showing signs of a recovery. The asset is trading in the green zone across all time frames. TRX’s price is up 0.2% in the daily charts, 2.9% in the weekly charts, 4.6% in the 14-day charts, 0.5% in the monthly charts, and 92.3% since March 2024. Also Read: Tuberville’s New Bill Could Unlock Crypto Investments for Your 401(k) Source: CoinGecko Cryptocurrencies Slump As We Enter Second Quarter Source: Hans Lucas / AFP via Getty Images The crypto market has faced substantial resistance over the last few months. Bitcoin (BTC) fell to below $79,000 in March. The original crypto reclaimed the $88,000 level but has since fallen to the $83,000 price point. TRX followed BTC’s trajectory but is showing signs of a recovery. Also Read: 200K Bitcoin Under Review: Key Insights from the US Government Audit The market slump is likely due to macroeconomic uncertainties. The US will begin its tariffs against Canada, Mexico, and China on Apr. 2. Market participants may be weary a...

This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis. Another centralized exchange (CEX) bites the dust, with Hotbit announcing it will close operations due to adverse business conditions. As is common among CEX collapses in recent months, the crypto firm mentioned FTX, the ongoing banking system crisis, and even a probe, as reasons for its cash flow problems. Also facing a tough time is wallet provider Ledger. The company decided to postpone its controversial recovery service amid community backlash. Security reputation is critical for a crypto wallet provider, but Ledger’s dilemma may be beyond a public relations crisis. The recovery service was also a path toward subscription service s, which could generate recurring revenue for the wallet provider. The feature is now postponed until most of its code is open-sourced, said Ledger. In challenging times, there are also opportunities f...