News
According to the lawsuit, Justin Sun’s crypto holdings included about 60 billion Tron, 17,000 Bitcoin, 224,000 Ether and 700 million Tether as of February.
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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.
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The financial regulator asked a judge to stay its enforcement case against the Tron founder in February, after which the company went public on Nasdaq.
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Whales are losing millions of dollars on the decline of the Trump-linked WLFI token, but most of the pre-sale participants are still holding the coin.
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Sun said his WLFI pre-sale allocation was “unreasonably frozen” in a move that could damage the reputation of the Trump-family-linked decentralized finance platform.
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Justin Sun’s WLFI token address was blacklisted after a $9 million transfer on Thursday, raising concerns over trading restrictions as prices tumble.
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Tron Inc. added $110 million in TRX to its treasury after a fresh investment from Bravemorning, boosting total holdings to over $220 million.
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Four whales realized a cumulative $47.5 million profit on Hyperliquid, spurring price manipulation allegations related to XPL’s 200% rally.
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Justin Sun accused Bloomberg in court of wrongly publishing information about his crypto holdings. The news outlet said it’s planning to fight back.
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Blue Origin’s new crypto payment option joins a wave of blockchain ventures in aerospace, from NFTs minted in orbit to satellites running decentralized networks.
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The Tron founder said it has been a long-time dream to travel to space and reflected on the fragility of the planet following his return.
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The Blue Origin mission is expected to move forward with six crew members after a 2021 bid from the Tron founder.
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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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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.
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“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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