Blockchain entrepreneur Justin Sun has emerged as the largest Ethereum (ETH) pledger, committing over 282,796 ETH, approximately equivalent to $439 million. Sun committed significantly to the Ethereum 2.0 staking platform, Lido, utilizing two distinct addresses. This recent blockchain activity underscores Sun’s ongoing investment in the Ethereum ecosystem. Sun’s Investment in the Ethereum Ecosystem On Oct....Read More
Seychelles-based cryptocurrency exchange HTX (formerly Huobi) has lost $7.9 million worth of ETH to a hacker, on-chain data shows. The exchange has already identified the culprit and is ordering a return of funds with the threat of legal action. As noted by blockchain security firm Peckshield, exactly 4999 ETH ($7,866,926.30) left Huobi’s wallet on Sunday...Read More
Justin Sun, the founder of the Tron blockchain, has purchased five million Curve tokens (CRV) from an address labeled “Curve.fi Founder” in an attempt to help with the decentralized exchange Curve Finance’s bad debt situation. As disclosed by blockchain analytics platform Lookonchain, Sun bought the tokens at an average price of $0.4 via an over-the-counter...Read More
Tron founder and crypto entrepreneur Justin Sun transferred 56.1 million True USD (TUSD) worth over $56.4 million to crypto exchange Binance on Monday morning, sparking rumors about his intention to farm the just-released Sui (SUI) tokens on the Binance LaunchPool. Shortly after Whale Alert flagged the transaction, Binance’s CEO Changpeng Zhao (CZ) disclosed that the...Read More
Tron founder Justin Sun has been issued a summons by the U.S. District Court for the Southern District of New York in connection to a recent lawsuit from the Securities and Exchange Commission (SEC). The billionaire will be subject to “default judgment” if he fails to respond to the summons within 21 days, implying that...Read More
Tron has been under significant pressure as the crypto asset tanked by 5% over the past day from $0.066 to $0.062. This comes after the US division of crypto exchange Binance announced the delisting of the Justin Sun-linked token from its platform. Binance.US clarified that it would continue to support TRC-20 USDT and USDC issued...Read More
Tron Founder Justin Sun’s tenure as Grenada’s Ambassador to the World Trade Organization (WTO, came to an end on March 31. The end of Sun’s diplomatic status comes shortly after the SEC accused the Tron boss of fraud and market manipulation. Justin Sun, in a tweet thread, announced the end of his term as Grenada’s...Read More
The native token of the crypto exchange Huobi Global – HT – spiked around 16% after Justin Sun outlined the company’s intentions to obtain a trading license in Hong Kong. If secured, the authorization will allow the platform to offer a wide range of digital asset services and products to domestic consumers. Justin Sun –...Read More
Tron’s Founder – Justin Sun – said one of his primary targets is to see TRX becoming an official payment method in five different countries by the end of 2023. He believes one of the nations to embrace the asset could be his homeland China. The ‘Ambitious Goal’ In a recent Twitter thread, Sun raised...Read More
Seychelles-headquartered crypto exchange – Huobi Global – has been in trouble for quite some time now, which has translated into losing significant market share. The company has been mired in controversy for allegedly shutting down internal com and feedback channels and canceling various employee benefits, among other things. Its market share is also under threat...Read More
In a bid to weather the unprecedented turmoil in the market, Huobi is the latest company to introduce job cuts. The crypto exchange is planning to lay off about 20% of its staff, a move that was confirmed by Tron founder and a member of Huobi’s global advisory board – Justin Sun. In a text...Read More
Dmitry Medvedev – a Russian politician who served as President of the country between 2008 and 2012 – thinks 2023 could see the crash of the International Monetary Fund (IMF) and the World Bank. He suggested that such an event could reduce the power of the euro and the dollar and boost the usage of...Read More
Cryptocurrency entrepreneur and billionaire Justin Sun is reportedly evaluating FTX’s assets for potential purchase. As reported by the Wall Street Journal, Sun said on Tuesday that he is open to “any kind of deal,” with the exchange, and that “all options” are on the table. “Right now we are evaluating assets one by one, but...Read More
El Salvador’s president took it to Twitter to announce that the country will resume its BTC buying spree as of tomorrow. Interestingly, Tron’s Justin Sun quickly followed up, saying his blockchain project will do the same. Although 2022 has been a rough year for the cryptocurrency market, with many inside and outside factors pushing prices...Read More
The Chinese entrepreneur and Founder of TRON Foundation – Justin Sun – claimed he holds “tens of millions” of Huobi Tokens. He also said his new role as a Global Advisor at Huobi could allow him to accelerate the development of the digital asset. A few days ago, the crypto exchange Huobi launched a Global...Read More
Huobi Token (HT) – the native cryptocurrency of Huobi Global – spiked by approximately 18% hours after Justin Sun confirmed he will take an advisory role in the exchange. The recently announced Global Advisory Board will aim to guide the company’s business efforts and expansion plans, as well as receive a fresh investment. Huobi announced...Read More
Just a week after Huobi Global revealed a change in the shareholder structure, Tron founder Justin Sun’s role as a shadow owner of the crypto exchange surfaced. He has, however, refuted claims about a buyout. In fact, Sun’s role has been limited to that of a global advisor. The development follows reports of Huobi founder...Read More
Decentralized protocol Aave has banned the wallet address of Justin Sun, the founder and CEO of the Tron blockchain project, for unknowingly interacting with sanctioned Ethereum-based crypto mixer Tornado Cash. On Saturday, Justin Sun took to Twitter to confirm that Ethereum-based DeFi protocol Aave had officially blocked his address after an unknown person sent him...Read More
TRON DAO Reserve is prepared to withdraw another 3 billion TRX tokens from a centralized exchange and a decentralized finance (DeFi) lending protocol as part of efforts to prevent a similar occurrence of Terra’s UST collapse. The foundation made the announcement in a tweet on Thursday (June 16, 2022). However, the DAO did not name...Read More
The last thing Justin Sun – founder of TRON – would like to see is the UST-Terra fiasco being repeated again on his stablecoin project USDD. The confident founder, who had vowed the lost peg of the stablecoin would be soon recovered, injected $220 million on Wednesday to purchase TRX on Binance. According to the...Read More
Tron founder Justin Sun has announced plans to launch a decentralized algorithmic stablecoin called USDD on the TRON blockchain network. In an open letter on Thursday (April 21, 2022), Sun revealed that USDD will be “a fully decentralized stablecoin underpinned by mathematics and algorithms.” According to the Tron founder, USDD will not rely on any...Read More
Elon Musk’s offer to take Twitter private with a bid of $54.20 a share, about $43 billion in total, has attracted tremendous reaction on the social media platform. Only hours after the news broke, Justin Sun, founder of Tron network, made an offer of $60 per share, trying to outbid the Tesla CEO, and claimed...Read More
The Verge reporter Christopher Harland-Dunaway threw more than one bomb in his latest piece on Justin Sun. The allegations are more than serious, and the claims are anything but amusing. The Exposé According to reporter Christopher Harland-Dunaway, the Tron Founder “is often trying to evade the financial regulations” of both China and the US. The...Read More
Amid being invaded by its eastern neighbor, which caused significant disruption to its financial networks, Ukraine and its authorities sought donations in cryptocurrencies. The community and other people responded swiftly with reports indicating that more than $13 million worth of digital assets were sent to the provided addresses. Ukraine Seeks Help in Crypto After weeks...Read More
Justin Sun, the founder of the Tron Network, as well as the acting Permanent Representative of Grenada to the World Trade Organization, revealed today that he placed a winning bid for the first seat on Jeff Bezos’ Blue Origin’s Inaugural New Shepard Rocket. According to a press release shared with CryptoPotato, Justin Sun was revealed...Read More
VanEck continues with its cryptocurrency-related exchange-traded notes in Europe by launching such products tracking the performance of Solana, Tron, and Polkadot on the Xetra Deutsche Borse. Tron’s ETN has gone a step further as it will also go live on Euronext in Paris and Amsterdam, updated the project’s founder. VanEck, the global investment manager, outlined...Read More
Justin Sun’s TRON has partnered with BSCPad to develop and release the first IDO launchpad build on its blockchain. Dubbed TRONPAD, it will take place exclusively on BSCPad and aims to mimic the latter’s recent success. TRONPAD Coming From TRON and BSCPad Advertised as the “fastest-growing launchpad in the DeFi space,” BSCPad saw the light...Read More
Justin Sun, the founder of TRON, just announced that he purchased over $150 million worth of bitcoins at an average price of about $36,800. In what some are calling ‘the greatest wealth transfer of the year,’ Bitcoin and the cryptocurrency market at large plummeted over 50% before rebounding over 25% within hours. Amidst a slew...Read More
NFT fans will be able to enjoy digital visualizations of Picasso’s work as non-fungible tokens courtesy of Justin Sun’s JUST NFT Fund. This initiative is Sun’s latest attempt to bridge the gap between traditional art and its digital counterparty. JUST NFT to Introduce Picasso’s Work To take advantage of the growing demand for non-fungible tokens,...Read More
In another whopping purchase, Justin Sun, the founder of one of the largest blockchain-based projects, TRON, and the CEO of BitTorrent, has bought Picasso’s “Femme nue couchée au collier” for $20 million. Besides that, he has also bought “Three self portraits” by Andy Warhol for $2 million, and he plans to tokenize both and launch...Read More
