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The cryptocurrency ecosystem has evolved over the years. From anonymous creators to prominent figures rolling out their own cryptocurrency assets, the industry has come a long way. While Bitcoin (BTC) investors continue to decipher the true identity of Satoshi Nakamoto, TRUMP coin’s top holders are set to have dinner with President Donald Trump. As the official dinner is set to take place within the next few days, this article sheds light on the guest list. Also Read: Global Financial Authority IIF Endorses XRP as Swift Alternative for Payments Tron’s Justin Sun To Meet Donald Trump Source: VOI According to the TRUMP coin network, top holders of the asset will garner a chance to meet Donald Trump. This dinner event is set to take place on May 22. The event plan states that the top 25 investors will also have access to a special VIP reception and an exclusive tour. Meanwhile, the top 220 investors will be invited to the gala dinner. However, the rankings were calculated based...

The cryptocurrency market has seen hundreds of new assets every day. While some have managed to brave through the volatile winds of the market, a few others have faded away. There’s another category of altcoins that are nothing but mere scams. But one asset that has stood out is Tron’s TRX. Justin Sun of the TRON Foundation officially launched TRX in September 2017. The project started off as an ERC-20 token on the Ethereum blockchain before moving to its own separate TRON mainnet. This further went live on June 25, 2018, a day that the community frequently refers to as “Independence Day.” Also Read: MicroStrategy Buys 3,459 More Bitcoin Worth $285.8M – Saylor Now Holds 531,644 BTC How Much Has Tron’s TRX Grown Throughout The Years? Source – The Tech Report Since 2018, the cryptocurrency has witnessed a massive uptick of 12382.14%. During its launch, TRX went from trading at a low of $0.00205 all the way to a high of $0.4407. The altcoin hit this peak...

World Liberty Financial, the Donald Trump-endorsed, and Justin Sun-advised crypto project, appears to be using artificial intelligence (AI) to generate a discussion post on its governance forum.  The post in question is from November and is a discussion about the considerations of the initiative AAVE lending market that World Liberty intended to launch. The post also appears to make false claims. At one point it states that “Aave is not currently available on BNB Chain,” but this isn’t true. Aave launched on BNB Chain almost a year ago in February of 2024. AI models will often output “outdated” information because the majority of the text (tokens) the models were trained on will contain information that was true at the time it was written but isn’t anymore. Additionally, the post asserts that World Liberty Financial “will also be deploying a separate Aave instance on a Layer 2 network,” an idea that hasn’t been appro...

Justin Sun has taken to X (formerly Twitter) to explain that “all exchanges in the industry have already implemented proof of reserves (PoR).” He followed up this pronouncement by further emphasizing that “there is only one explanation for why” exchanges have yet to do it — “they are unable to meet the requirements.” This reveal was somewhat surprising as Poloniex, a cryptocurrency exchange owned by Sun, has not implemented PoR, and as such we are forced to conclude that Poloniex is also “unable to meet the requirements.” Poloniex has a page on its website that claims to be a “Proof of Reserves,” but this page only shows how much Tron is on Poloniex, neglecting every single other asset.  Poloniex proof-of-reserves and WBTC backing missing These issues become especially interesting in light of the fact that Sun has recently focused so many of his criticisms on the newly launched cbBTC, Coinbase’s wrapped-Bitc...

BitGo announced on Friday that it’s transforming its wrapped bitcoin (WBTC) product into a new partnership with BiT Global (or maybe it’s BitGlobal. The company — formerly Bithumb — switches between the names on the English version of its website) and Justin Sun.  Having previously operated the product, BitGo will now be a “minority shareholder” in the new venture. BitGo’s WBTC WBTC is offered on several different chains, with the largest and most important being the assets on Ethereum. There are currently over 154,000 WBTC on Ethereum from this product, worth over $9 billion.  It is also offered on Base, Kava, Osmosis, and Tron, but those products are a tiny fraction of the size of the WBTC on Ethereum.  MakerDAO delegates have reacted to the news about the change by suggesting that the limits for WBTC as collateral be reduced. Mike Belshe, the founder and CEO of BitGo, jumped in to the discussion but was unable to share B...

Justin Sun, founder of the TRON blockchain, numerous stablecoins, owner of Poloniex, and adviser to HTX, has been celebrating a recent Chinese court victory against Chongqing Business Media Group. However, the question is, will the win benefit him outside of the Mainland? The odds are that it absolutely will not. According to a Chongqing court , Chongqing Business Media Group claimed that Sun was under investigation by the FBI and was suspected of insider trading. The court , however, found these claims to be “entirely unsubstantiated,” handing Sun victory on the grounds of defamation. Many of the claims originated in a Verge article from March of 2022 and since its publication, none have been retracted . Protos has previously reported on Sun’s false claims of diplomatic immunity and purported fixation on no moderation policies at BitTorrent. Scoop: Justin Sun falsely claimed diplomatic immunity in lawsuit Read more: Scoop: Justin Sun shot down BitTorrent moderatio...

Poloniex , a Justin Sun -owned exchange, offers a wrapped bitcoin ( WBTC ) product on Tron that is currently trading at a more than 20% discount on Poloniex .  The WBTC pair traded against BTC on Tron has WBTC worth only 79% of BTC, currently on 0 volume over the last 24 hours. Poloniex has previously refused to disclose to Protos where it holds the bitcoin for this WBTC product and has yet to complete a promised ‘proof-of-reserves.’ Protos has again reached out to Poloniex to attempt to determine where the reserves for this product are held, what the timeline is for the exchange to finish its promised proof-of-reserves, and for clarification on the relationship between Sun-owned Poloniex and Sun-advised HTX. Poloniex proof-of-reserves and WBTC backing missing Read more: Where is Justin Sun ’s money? The last part is important because the WBTC on Tron product offered by Poloniex is a massive portion of the bitcoin held at HTX , formerly Huobi.  The most recent p...

HTX and Poloniex are about to resume deposits and withdrawals, and Justin Sun announced an airdrop for affected users . Following the recent cybersecurity breaches of HTX and Poloniex, Justin Sun has announced an “epic airdrop ” for users with assets on these platforms. The move comes as a gesture of goodwill and support to those affected by the hacks. As HTX and Poloniex approach opening deposit and withdrawal, we will initiate an epic airdrop for users with assets. Please stay tuned! My deepest apologies to the users affected by the hacker attacks on HTX and Poloniex. We will cover the loss and All assets are are SAFE. — H.E. Justin Sun 孙宇晨 (@justinsuntron) November 24, 2023 You might also like: Customers left confused as HTX reportedly struggle to resume withdrawals The airdrop is part of a broader strategy to mitigate the financial impact on users after Poloniex’s hot wallets were compromised, leading to an estimated loss of $114 million. ...

Justin Sun tweeted: advertisement When HT was initially distributed, Li Wei, Leon Li’s brother, received millions of HT tokens for free. Li Wei has been consistently selling off these HT tokens and cashing out. Justin Sun On HT Tokens The HT DAO committee has taken action to rectify the situation, aiming to negotiate a refund and facilitate the destruction of Li Wei’s remaining HT tokens. We plan to engage with Li Wei to negotiate a refund and arrange for the destruction of his remaining HT tokens. Recommended Articles Crypto Telegram Channels List 2023 [Updated] Must Read Crypto Presale Projects For 2023 To Invest; Updated List Must Read Explained: What is Layer 0 in Blockchain? Layer Zero Crypto Examples Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Update...

Key Huobi execs, including Huobi Group CFO Lily Zheng allegedly left the company a few months ago following the new shareholders’ takeover. Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisition of the firm. “The planned layoff ratio is about 20%, but it is not implemented now,” a spokesperson for Huobi said in a statement to Cointelegraph on Jan. 6. The representative emphasized that the allegations on Huobi firing as many as 40% employees is a rumor. Huobi has established a new organizational structure after the new shareholders have taken over, the spokesperson said, adding that the firm has adjusted the business departments. “With the current state of the bear market, a very lean team will be maintained going forward. The personnel optimization aims to implement the brand strategy, optimize the structure, improve efficiency and return to the top three,” Huobi said. In the statement, ...