Tron Inc. Rises: Justin Sun’s Father Seizes Control in $100M TRX Token Deal on Nasdaq A bombshell deal has rocked the crypto world as SRM Entertainment, a small Nasdaq-listed toy company based in Nevada, morphs into Tron Inc. through a $100 million private investment in public equity (PIPE) transaction paid entirely in TRX tokens. This […]
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Coinbase and BiT Global Settle wBTC Delisting Lawsuit: A Wake-Up Call for Crypto Coinbase and BiT Global have called a truce in their bitter legal feud over the delisting of wrapped Bitcoin (wBTC) from Coinbase’s platform in 2024, a clash that ripped open the ugly underbelly of trust and power struggles in the crypto world. […]
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U.S. Senate Advances Stablecoin Bill to Floor Vote, Amid Concerns and Controversies The U.S. Senate has taken a historic step toward regulating stablecoins, advancing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act to a floor vote. This development could significantly shape the future of cryptocurrencies and stablecoins, which are digital assets designed […]
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Trump’s Crypto Partners Abandoned Hacked Platform, Pocketed Millions Donald Trump’s sons have launched World Liberty Financial (WLFI) with Zak Folkman and Chase Herro, who previously abandoned Dough Finance after a devastating $2.5 million hack. The new venture has stirred controversy, raising questions about trust, centralization, and political influence in the crypto space. Trump family launches […]
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Star Xu vs. Justin Sun: Drama over OKX freeze request heats up The crypto world is witnessing a heated exchange between OKX CEO Star Xu and TRON founder Justin Sun over a law enforcement request to freeze stolen funds, highlighting the challenges of security and compliance in the industry. Justin Sun accuses OKX of ignoring […]
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Canary Capital Files S-1 for TRX ETF: A New Gateway to Invest in TRON’s Native Token Canary Capital has taken a significant step by filing an S-1 form with the SEC, aiming to launch the TRX ETF, an exchange-traded fund that will track the performance of TRON’s native token, TRX. This move could simplify the […]
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Justin Sun’s $50M Bounty Program Targets Alleged FDT Embezzlement Justin Sun, the founder of the TRON ecosystem, has escalated his fight against financial misconduct in the crypto world by launching a $50 million bounty program aimed at uncovering alleged embezzlement by First Digital Trust (FDT). Sun accuses FDT of siphoning over $500 million in custodial […]
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Justin Sun Accuses First Digital Trust of $500M Embezzlement, Shaking Crypto Market Tron founder Justin Sun has sent shockwaves through the cryptocurrency world by accusing First Digital Trust (FDT) of embezzling nearly $500 million in client reserves. This accusation has sparked a legal battle between TUSD issuer Techteryx and FDT, with claims that FDT misused […]
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First Digital Trust Denies Justin Sun’s Allegations, Plans Legal Action First Digital Trust, the issuer of the FDUSD stablecoin, has strongly refuted allegations of insolvency made by Justin Sun, labeling them as part of a smear campaign aimed at tarnishing their reputation. First Digital Trust refutes insolvency claims Controversy centers around TrueUSD (TUSD), not FDUSD […]
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FDUSD Stablecoin Depegs Amid Allegations and Liquidity Concerns FDUSD, a stablecoin issued by First Digital, recently experienced a dramatic depeg, plummeting to as low as $0.76 before recovering to around $0.97. This event was triggered by concerns over the liquidity of First Digital’s reserves and amplified by accusations from Tron founder Justin Sun. FDUSD depegged […]
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