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Smart contract creation on the Tron network has become erratic, with no sustained growth, even as TRX maintains a bullish trend.

So far, Coinbase has issued 10.4 million cbDOGE, worth approximately $1.88 million, and 2.3 million cbXRP, worth more than $5 million.

The outflows witnessed by short-Bitcoin products indicated reduced trader confidence in a Bitcoin price decline.