Analysis
Tron’s reverse merger will test whether a company can treat its own crypto as collateral without collapsing under the risk.
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Latest News On Justin Sun
Justin Sun is the founder of Tron, a decentralized network for building decentralized applications, with a focus on speed and scalability. Tron’s (TRX) is its native asset and is used within the Tron blockchain system.
In 2013, Justin Sun started his career as the chief representative and adviser at Ripple Labs. Subsequently, he founded Peiwo, an innovative Chinese social networking application.
Stay informed with Cointelegraph’s coverage of Justin Sun.
- News
Tron will go public in the US through a reverse merger with SRM Entertainment, a Nasdaq-listed company.
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The move by Nasdaq-listed SRM Entertainment comes amid a regulatory thaw between the US Securities and Exchange Commission and Tron founder Sun.
3862 - News
“I am not a fixer,” Binance co-founder Changpeng Zhao said in an X post, denying a WSJ report that he introduced tech entrepreneur Bilal bin Saqib to the World Liberty Financial team.
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Images from within Donald Trump’s dinner for the top holders of his memecoin show attendees were treated to a three-course meal and given gift bags.
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With his reported TRUMP memecoin purchases, Tron founder Justin Sun will have spent more than $90 million on crypto ventures tied to the US president and his family.
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The ETF plans to hold and stake TRX, the native token of the Tron blockchain, which currently offers an annual yield of about 4.5%, according to StakingRewards.com.
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Billionaire American film producer and collector David Geffen said Sun’s suit was a “sham” and a fraudulent scheme to claim ownership.
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Former Binance CEO Changpeng Zhao denied reports that he agreed to testify against Justin Sun, calling the WSJ story baseless and politically motivated.
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Justin Sun cast doubt on the rumors, stating that he has “full trust” in the US Department of Justice and Changpeng “CZ” Zhao.
5468 - Analysis
Stablecoins in the US and Japan are seeing growing adoption, while other projects struggle to stay listed in the EU over compliance issues.
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FDUSD depegged after Justin Sun accused First Digital of insolvency, but the firm has since redeemed nearly $26 million in stablecoins.
13161 - News
Wintermute’s blockchain transactions point to a smart arbitrage opportunity that arose after FDUSD depegged to $0.87.
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First Digital Trust has denied Justin Sun's claims of liquidity issues, saying it is part of a "smear campaign" to hinder competition.
5747 - Altcoin Watch
An evolving DeFi ecosystem, lucrative yields and inclusion in the US Digital Asset Stockpile could catalyze a Cardano price rally to new highs.
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