Chain News Daily Official TheBitTimes.com

Bloomberg has published information about Justin Sun’s holding of Tronix (TRX) tokens, revealing that he controls approximately 63% of all TRX tokens. Sun, in order to be included on the Bloomberg Billionaires Index, had shared a listing of his cryptocurrency wallets with the Bloomberg team. Bloomberg used this list of addresses to determine Sun’s cryptocurrency wealth, establishing in their Analysis that he controlled a total of 60 billion TRX tokens. Sun filed a lawsuit against Bloomberg, contesting the reporting and alleging that Bloomberg intended to disclose “his highly confidential, sensitive, private, and proprietary financial information.” Justin Sun sues Bloomberg over Billionaire Index profile Read more: Justin Sun-advised HTX plays games with its reserves This same profile, which Sun was unsuccessful in stopping, also finally revealed that Sun had purchased HTX in 2022. Sun has drawn himself closer to the Trump family in the...

The EigenLayer price plunged 15% in the last 24 hours to trade at $3.47 as of 00:41 a.m. EST on trading volume that plunged 46% to $527 million. This comes as Tron founder Justin Sun offloaded all the 5.374 million EIGEN tokens received from the EigenLayer airdrop, garnering about $21.66 million. Justin Sun team withdrew 21.66 million USDT from Binance today, which means that the 5.374 million EIGEN airdrops that Justin Sun received yesterday have all been sold at an average price of $4.03. Previously, the six addresses belonging to Sun received 5.374 million EIGEN the… https://t.co/ES3HtBOf47 — Wu Blockchain (@WuBlockchain) October 2, 2024 The sale happened shortly after EIGEN token transfers became possible. EigenLayer Price Aims For A Bullish Trend Reversal The EigenLayer price has been on a sustained downtrend following the airdrop, according to data from GeckoTerminal . EIGEN is in a downward channel or falling wedge pattern, which is typically a bullish rever...

BitGo’s August 9 announcement that it was partnering with Justin Sun and BitGlobal for wrapped bitcoin (WBTC) has stoked controversy across the ecosystem and drawn greater attention to Sun’s other projects. Following the announcement, MakerDAO decided to disable new borrows against WBTC and Coinbase announced its own wrapped bitcoin product, cbBTC — a move that has drawn the ire of Sun. He has accused cbBTC of operating without proof-of-reserves or audits, going as far as to claim that exchanges that haven’t yet completed a proof-of-reserves are “unable to meet the requirements.” Unfortunately for him, Poloniex, an exchange owned by Sun that operates a wrapped bitcoin product far larger than cbBTC , doesn’t have a proof-of-reserves either. HTX, a Sun-advised exchange, relies extensively on this product, making up more than half of the ‘bitcoin’ this exchange holds. Head over to YouTube for the whole story. Read more: Justin ...

TLDR Justin Sun reveals a roadmap for Bitcoin L2 integration on February 15. The Sandbox enjoys a period of rallying, with further upside anticipated. NuggetRush is tipped for a 70x jump after its launch. It has been an exciting week in the crypto scene, building on the momentum from the concluded DYM and JUP airdrops . Bitcoin hitting $50,000 further sent the crypto community into a frenzy. In another piece of exciting news, TRON’s (TRX) founder Justin Sun revealed earlier this week a roadmap for Bitcoin L2 integration, which will “facilitate access to over $55 billion in value to the Bitcoin network.” In other news, whales appear to have shifted their attention to The Sandbox (SAND) and NuggetRush (NUGX), two promising altcoins . Buzzing with potential, these are the best cryptos to buy now. >> Buy NuggetRush Now << NuggetRush (NUGX): Positioning for Massive Gains NuggetRush (NUGX) is an exciting opportunity to live that...

Justin Sun ETH Transfer The transfer of 23,000 ETH, worth $43 million, adds to Justin Sun ‘s impressive track record of moving large amounts of Ethereum to Poloniex.  Sun’s ETH balance currently stands at 163.35 ETH, held in the wallet address 0x3DdfA8eC3052539b6C9549F12cEA2C295cfF5296. advertisement In addition to the recent transfer of 23,000 ETH to Poloniex, it is worth highlighting some previous notable transfers made by Justin Sun. One significant transaction occurred in December when Sun sent 6,500 ethers to the same exchange. Coincidentally, following this transfer, the price of Ethereum experienced a drop from $1,350 to approximately $1,151 in the subsequent days. Another substantial transfer took place on January 25th of this year when Sun moved another 10,000 units of ETH to Poloniex. Over the past year, he has sent a total of 67,500 ETH, amounting to a whopping $126 million, in seven separate transactions. Recommende...

A number of stablecoins associated with Justin Sun — most notably TUSD, a US dollar derivative owned and operated by US-based tech company Archblock and Asian consortium Techteryx — have been struggling amid rumors that Prime Trust, one of its only US dollar on- and off-ramps, had paused minting and redemptions. BitGo, a cryptocurrency security and trust company, is rumored to be in talks to purchase the company. TUSD admitted to an issue on June 9, saying, “…mints via Prime Trust are paused.” It added that “TUSD minting and redemption services remain unaffected” and that its “partnerships with other banking institutions remain intact.” This would almost certainly be a reference to the other trust previously holding funds for TUSD, a Hong Kong-based entity called First Digital. However, Chinese and US users alike were complaining on Telegram and Twitter, stating that redemptions were taking longer than expected . Control of TrueUSD private keys transferred to Te...