Justin Sun, the founder of Tron and a maverick figure in the crypto industry, continues to dominate the crypto news cycle, fuelled by a myriad of activities and controversies. Sun has notably filed a defamation claim against
First Digital Trust, a move that coincided with the redemption of $26M by First Digital after the FDUSD stablecoin lost its dollar peg. The loss followed accusations by Sun of insolvency.
CoinDesk’s controversial banana article has been a major topic since billionaire Sun reportedly influenced the news channel’s new owners to remove it, leading to the resignation of editorial chair
Matt Murray.
Coinbase's dismissal of wBTC due to Sun's perceived 'unacceptable risk' and Sun-led BiT Global's subsequent legal action against the platform have also been contentious news pieces.
TRX, Sun's cryptocurrency, continues to make waves in the market. Sun’s announcement of TRX’s expansion to
Solana sparked interest, followed by surging prices as Sun backs Trump’s crypto project. A newer player in the crypto space, the
SUN Coin, experienced a significant surge – up 240% – in its value thanks to Sun's investment and is now a major focus of Sun's activity.
Rounding off crypto news, Sun’s efforts to reform Hong Kong’s trust laws and promote USDD as a decentralized stablecoin, as well as his plans to turbocharge Ethereum to $10K, have all added to his prominence.
SUN Coin News Analytics from Tue, 06 Aug 2024 07:00:00 GMT to Wed, 09 Apr 2025 17:12:39 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor 4
