Justin Sun controls about 60 billion TRX tokens, worth over $20 billion, but faces liquidity challenges due to the size of his holdings. He employs several strategies, including using his acquisition of HTX to channel user deposits into lending platforms with TRX as collateral, minting USDD stablecoins backed by TRX, and investing in off-exchange swaps like World Liberty Financial. A key move was a Nasdaq reverse merger allowing Sun to swap TRX tokens for U.S. dollars via stock issuance, avoiding market crashes. These maneuvers aim to gradually convert illiquid TRX into more widely accepted assets like Bitcoin and Ethereum over time.
Bitcoin rose above $61,800, with Ethereum outperforming by gaining over 4%, signaling a modest risk-on shift in the crypto market. Several major altcoins also saw gains, indicating improving sentiment beyond Bitcoin. However, trading volumes across s...
Bitcoin fell to $59,100 in 2026, more than 50% below its all-time high of $126,080. Many altcoins have suffered far worse losses, with some like ICP, DOT, and ATOM down over 95%, making recovery extremely difficult. A few tokens like Venice Token (VV...
Bitcoin and Ethereum posted small gains while many altcoins showed mixed performance, reflecting a market favoring large-cap cryptocurrencies amid declining activity in DeFi, stablecoins, and derivatives. Total crypto market capitalization remained a...
TRX, the native token of the TRON network, has been listed for spot trading on Bitnomial, a US derivatives exchange regulated by the CFTC. This listing provides US traders and institutions a compliant way to access TRX, expanding TRON's presence in t...
Cryptocurrency markets experienced a broad decline with major altcoins like Ethereum, Solana, and XRP falling sharply, signaling reduced risk appetite among traders. Bitcoin showed relative strength, dropping only 3.35% to $61,844, while its market d...
