Tron founder Justin Sun is one of the richest figures in crypto, and a good chunk of his bitcoin (BTC) is stored in one place: U.S.-based Valkyrie Investments.
Tron founder Justin Sun on Wednesday withdrew 100 million BUSD stablecoins from crypto exchange Binance. The 100 million BUSD withdrawn was then moved to the Paxos Treasury. Binance CEO CZ on Tuesday pointed out that 100 million USDC transferred by Justin Sun to Binance is part of deploying BUSD on Tron through cross-chain swaps.
Binance CEO Changpeng Zhao stepped in to reassure clients after the world's biggest crypto exchange experienced more than a billion dollars of outflows.
A general sense of unease about the health of Binance continued through the market during the Asian trading hours on Tuesday.
Tron’s founder, Justin Sun, has pledged to deploy more capital to stabilise the algorithmic stablecoin USDD after it lost its $1 peg.
Decentralized platform TRON [TRX] registered an inflow of $1 billion USDT over the last two weeks. According to a disclosure from DeFi Llama, TRON recorded the highest stablecoin inflow on 18 November, with spikes on 24 and 28 November.
Centralized exchanges (CEX) must adopt transparency measures prevalent in <a href="https://forkast.news/explainer-decentralized-finance-defi-guide/">decentralized finance (DeFi)</a> to restore public trust, <a href="https://forkast.news/video-audio/nft-defi-tron-justin-sun/">Tron founder Justin Sun</a> said in a panel discussion at the Philippine Blockchain Week event on Tuesday.
A joke about Wrapped Ethereum (WETH) depegging has briefly shaken the price of Ethereum and could catalyse a drop by ETH to the $1k support level.
Tron founder Justin Sun on Monday said he and Ethereum co-founder Vitalik Buterin will invest $2 billion into the WEF to recover the funds lost as wrapped Ethereum depegs with Ethereum. However, not many people realized that it is part of a joke about WETH going insolvent. Big names including Vitalik contributing to it caused a market-wide selloff in the crypto market.
Justin Sun, in a tweet posted on 25 November, announced that <a href="https://ambcrypto.com/?s=tron">TRON [TRX]</a> will collaborate with BNB soon. In lieu of this, TRON’s social mentions witnessed a massive uptick.