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#XmasCryptoMiracles eu ainda estou esperando meu milagre de natal , quem sabe, até o final do ano , com uma grande queima de Tokens BTTC , isso seria entrar 2025 com chave de ouro 😎🚀🚀🚀😎🇧🇷
$BTTC
#Tron #JustinSun #币安Alpha公布第6批项目代币
$BTTC
#Tron #JustinSun #币安Alpha公布第6批项目代币
Justin Sun Dumps 50% of ETH; What Does It Mean for ETH?
Tron founder Justin Sun’s aggressive ETH selloff, totaling $143 million last week, has contributed to a 17% price drop.
Despite this, bullish technical patterns suggest Ethereum could recover and target $10,000 in 2024 after retesting lower support levels.
Tron founder Justin Sun’s aggressive ETH selling spree has drawn significant attention in the crypto community, particularly as Ethereum struggles to maintain key support levels.
Sun’s recent offloading of ETH has coincided with a sharp downturn in Ethereum’s price, leaving analysts and investors questioning the broader implications for the second-largest cryptocurrency by market cap.
As we have previously reported, Justin Sun has been systematically selling Ethereum, with his latest move involving the liquidation of 39,999 ETH, valued at $143 million.
Blockchain analytics firm Spot On Chain reported that Sun redeemed these tokens from liquid staking platforms Lido Finance and EtherFi before depositing the proceeds into HTX (formerly Huobi Exchange).
This recent transaction follows a broader trend:
since November 10, Sun has sold a total of 108,919 ETH worth approximately $400 million. The sales predominantly occurred near Ethereum’s local price peaks, suggesting a strategy to capitalize on short-term gains.
Currently, Sun has another 42,904 ETH (valued at $139 million) in the process of unstaking from Lido Finance, potentially signaling additional sell pressure.
Impact on ETH’s Price
The timing and scale of Sun’s sales have contributed to significant market turbulence. Ethereum’s price has dropped by 17% over the past week, plummeting from near $4,000 to below $3,500. Analysts are now warning that Ethereum could test the $3,000 support level before mounting its next rally.
#JustinSun #ETHDump #Ethereum #BinanceAlphaAlert $ETH $SOL $BTC
Tron founder Justin Sun’s aggressive ETH selloff, totaling $143 million last week, has contributed to a 17% price drop.
Despite this, bullish technical patterns suggest Ethereum could recover and target $10,000 in 2024 after retesting lower support levels.
Tron founder Justin Sun’s aggressive ETH selling spree has drawn significant attention in the crypto community, particularly as Ethereum struggles to maintain key support levels.
Sun’s recent offloading of ETH has coincided with a sharp downturn in Ethereum’s price, leaving analysts and investors questioning the broader implications for the second-largest cryptocurrency by market cap.
As we have previously reported, Justin Sun has been systematically selling Ethereum, with his latest move involving the liquidation of 39,999 ETH, valued at $143 million.
Blockchain analytics firm Spot On Chain reported that Sun redeemed these tokens from liquid staking platforms Lido Finance and EtherFi before depositing the proceeds into HTX (formerly Huobi Exchange).
This recent transaction follows a broader trend:
since November 10, Sun has sold a total of 108,919 ETH worth approximately $400 million. The sales predominantly occurred near Ethereum’s local price peaks, suggesting a strategy to capitalize on short-term gains.
Currently, Sun has another 42,904 ETH (valued at $139 million) in the process of unstaking from Lido Finance, potentially signaling additional sell pressure.
Impact on ETH’s Price
The timing and scale of Sun’s sales have contributed to significant market turbulence. Ethereum’s price has dropped by 17% over the past week, plummeting from near $4,000 to below $3,500. Analysts are now warning that Ethereum could test the $3,000 support level before mounting its next rally.
#JustinSun #ETHDump #Ethereum #BinanceAlphaAlert $ETH $SOL $BTC
Amir Rajpoot 13:
he's mad
See original
Justin Sun denies Ethereum sell-off rumors: "It's just a misunderstanding"
Amidst speculation about an Ethereum sell-off, Justin Sun has completely denied this information. The founder of Tron stated that the transactions thought to be a sell-off are simply the conversion of ETH between different wallets managed by his team.
Sun affirmed: "These transactions are completely normal and there is no intention to sell off. We still have confidence in Ethereum's potential and will continue to support this ecosystem."
Sun affirmed: "These transactions are completely normal and there is no intention to sell off. We still have confidence in Ethereum's potential and will continue to support this ecosystem."
Justin Sun Dumps 50% of ETH; What Does It Mean for ETH?
Tron founder Justin Sun’s aggressive ETH selloff, totaling $143 million last week, has contributed to a 17% price drop.Despite this, bullish technical patterns suggest Ethereum could recover and target $10,000 in 2024 after retesting lower support levels.
Tron founder Justin Sun’s aggressive ETH selling spree has drawn significant attention in the crypto community, particularly as Ethereum struggles to maintain key support levels. Sun’s recent offloading of ETH has coincided with a sharp downturn in Ethereum’s price, leaving analysts and investors questioning the broader implications for the second-largest cryptocurrency by market cap.
As we have previously reported, Justin Sun has been systematically selling Ethereum, with his latest move involving the liquidation of 39,999 ETH, valued at $143 million. Blockchain analytics firm Spot On Chain reported that Sun redeemed these tokens from liquid staking platforms Lido Finance and EtherFi before depositing the proceeds into HTX (formerly Huobi Exchange).
This recent transaction follows a broader trend: since November 10, Sun has sold a total of 108,919 ETH worth approximately $400 million. The sales predominantly occurred near Ethereum’s local price peaks, suggesting a strategy to capitalize on short-term gains. Currently, Sun has another 42,904 ETH (valued at $139 million) in the process of unstaking from Lido Finance, potentially signaling additional sell pressure.
Impact on ETH’s Price
The timing and scale of Sun’s sales have contributed to significant market turbulence. Ethereum’s price has dropped by 17% over the past week, plummeting from near $4,000 to below $3,500. Analysts are now warning that Ethereum could test the $3,000 support level before mounting its next rally.
Popular crypto analyst IncomeSharks observed that Ethereum experienced a “low-volume weekend” after a volatile week for broader markets. The On-Balance Volume (OBV) indicator remains steady, suggesting some market stability. However, the selling pressure from whales like Sun has cast a bearish shadow, increasing the likelihood of further dips.
While short-term sentiment appears bearish, some analysts maintain a bullish outlook for Ethereum. Prominent chartist “I am Crypto Wolf” pointed out that Ethereum’s price is forming an inverse head-and-shoulders (iHS) continuation pattern. If this setup holds, it could provide the momentum needed for Ethereum to surpass the $4,000 resistance and target $10,000 by mid-2024.
However, before a breakout occurs, analysts believe Ethereum might retest the $3,000 level. Such a dip could attract buyers seeking an entry point for the anticipated long-term rally.
Justin Sun’s ETH selling spree has undoubtedly amplified market volatility, pushing Ethereum prices lower and sparking bearish sentiment. However, the long-term prospects for Ethereum remain strong, with bullish technical patterns hinting at a potential recovery. For now, investors will be closely monitoring Sun’s next moves and their impact on the broader market.
Meanwhile, the second largest digital asset by market cap is swapping hands with $3,439.70 after a 3.64% surge in the past 24 hours. Additionally, with a market cap of $413.99B, the asset has recorded a decline of 14.11% in the past week.
#JustinSun #ETHDump #Ethereum #BinanceAlphaAlert $ETH $SOL $BTC
Tron founder Justin Sun’s aggressive ETH selling spree has drawn significant attention in the crypto community, particularly as Ethereum struggles to maintain key support levels. Sun’s recent offloading of ETH has coincided with a sharp downturn in Ethereum’s price, leaving analysts and investors questioning the broader implications for the second-largest cryptocurrency by market cap.
As we have previously reported, Justin Sun has been systematically selling Ethereum, with his latest move involving the liquidation of 39,999 ETH, valued at $143 million. Blockchain analytics firm Spot On Chain reported that Sun redeemed these tokens from liquid staking platforms Lido Finance and EtherFi before depositing the proceeds into HTX (formerly Huobi Exchange).
This recent transaction follows a broader trend: since November 10, Sun has sold a total of 108,919 ETH worth approximately $400 million. The sales predominantly occurred near Ethereum’s local price peaks, suggesting a strategy to capitalize on short-term gains. Currently, Sun has another 42,904 ETH (valued at $139 million) in the process of unstaking from Lido Finance, potentially signaling additional sell pressure.
Impact on ETH’s Price
The timing and scale of Sun’s sales have contributed to significant market turbulence. Ethereum’s price has dropped by 17% over the past week, plummeting from near $4,000 to below $3,500. Analysts are now warning that Ethereum could test the $3,000 support level before mounting its next rally.
Popular crypto analyst IncomeSharks observed that Ethereum experienced a “low-volume weekend” after a volatile week for broader markets. The On-Balance Volume (OBV) indicator remains steady, suggesting some market stability. However, the selling pressure from whales like Sun has cast a bearish shadow, increasing the likelihood of further dips.
While short-term sentiment appears bearish, some analysts maintain a bullish outlook for Ethereum. Prominent chartist “I am Crypto Wolf” pointed out that Ethereum’s price is forming an inverse head-and-shoulders (iHS) continuation pattern. If this setup holds, it could provide the momentum needed for Ethereum to surpass the $4,000 resistance and target $10,000 by mid-2024.
However, before a breakout occurs, analysts believe Ethereum might retest the $3,000 level. Such a dip could attract buyers seeking an entry point for the anticipated long-term rally.
Justin Sun’s ETH selling spree has undoubtedly amplified market volatility, pushing Ethereum prices lower and sparking bearish sentiment. However, the long-term prospects for Ethereum remain strong, with bullish technical patterns hinting at a potential recovery. For now, investors will be closely monitoring Sun’s next moves and their impact on the broader market.
Meanwhile, the second largest digital asset by market cap is swapping hands with $3,439.70 after a 3.64% surge in the past 24 hours. Additionally, with a market cap of $413.99B, the asset has recorded a decline of 14.11% in the past week.
#JustinSun #ETHDump #Ethereum #BinanceAlphaAlert $ETH $SOL $BTC
Hey fam!
Justin Sun, the founder of Tron and an advisor to HTX (formerly Huobi), has been making some significant Ethereum transactions lately. Since November 10th, he's transferred a whopping 108,919 ETH to HTX, totaling around $400 million. Just recently, he redeemed 39,999 ETH from Lido Finance and Etherfi, worth about $143 million, and moved it to HTX.
These substantial transfers have sparked quite a buzz in the crypto community, with many speculating about the potential impact on Ethereum's price. As of now, Ethereum is trading at approximately $3,343.78, showing a slight decrease of about 1.11% over the past 24 hours.
Market sentiment appears to be leaning bearish, especially with such large volumes of ETH being moved. Some analysts are even suggesting that if the current trend continues, we might see Ethereum's price dip to the $3,000 mark.
It's worth noting that Justin Sun's transactions often coincide with market peaks, indicating strategic profit-taking. His recent sales were executed at an average price of $3,674 per ETH, suggesting a calculated approach to maximize gains.
As always, the crypto market is full of surprises, and while big moves like these can influence short-term price action, it's essential to stay informed and make decisions based on thorough research. Keep an eye on the charts and stay tuned for more updates!
#Write2Earn #Write2Earn! #JustinSun $ETH $TRX
Justin Sun, the founder of Tron and an advisor to HTX (formerly Huobi), has been making some significant Ethereum transactions lately. Since November 10th, he's transferred a whopping 108,919 ETH to HTX, totaling around $400 million. Just recently, he redeemed 39,999 ETH from Lido Finance and Etherfi, worth about $143 million, and moved it to HTX.
These substantial transfers have sparked quite a buzz in the crypto community, with many speculating about the potential impact on Ethereum's price. As of now, Ethereum is trading at approximately $3,343.78, showing a slight decrease of about 1.11% over the past 24 hours.
Market sentiment appears to be leaning bearish, especially with such large volumes of ETH being moved. Some analysts are even suggesting that if the current trend continues, we might see Ethereum's price dip to the $3,000 mark.
It's worth noting that Justin Sun's transactions often coincide with market peaks, indicating strategic profit-taking. His recent sales were executed at an average price of $3,674 per ETH, suggesting a calculated approach to maximize gains.
As always, the crypto market is full of surprises, and while big moves like these can influence short-term price action, it's essential to stay informed and make decisions based on thorough research. Keep an eye on the charts and stay tuned for more updates!
#Write2Earn #Write2Earn! #JustinSun $ETH $TRX
Trump’s crypto venture spends $10 million buying Justin Sun-linked tokens
Donald Trump’s crypto venture, World Liberty Financial, swapped $10 million worth of wrapped Bitcoin (cbBTC) for tokens tied to its project adviser, Justin Sun.
On-chain data from Nansen confirms that yesterday, the project’s wallet exchanged all 103 cbBTC tokens for WBTC, the first major wrapped Bitcoin token.
Promoted as a decentralized finance (DeFi) lending platform, World Liberty isn’t even fully operational yet. Wrapped Bitcoin like cbBTC and WBTC allows Bitcoin holders to access DeFi applications on Ethereum.
Justin, meanwhile, responded to the speculations, saying, “This is their own financial choice. I have nothing to do with it.”
Justin Sun’s role and financial involvement
Justin, a controversial crypto billionaire, joined the World Liberty project in November after investing $30 million. His investment reportedly pushed the venture to a stage where Trump could begin to profit from the business.
Known for stunts like spending $6.2 million on a banana duct-taped to a wall, Justin has faced both praise and criticism in the blockchain space. But his involvement in World Liberty isn’t his only tie to wrapped Bitcoin.
In August, BitGo, the custody firm behind WBTC, partnered with BiT Global, a Hong Kong-based firm with connections to Sun. This collaboration stirred controversy. Coinbase reacted by delisting WBTC and launching its own wrapped Bitcoin version, cbBTC.
BiT Global sued Coinbase earlier this month over the delisting, arguing the move hurt its business. Coinbase defended its decision, citing risks from Sun’s “potential control” over WBTC. A federal judge sided with Coinbase, rejecting BiT Global’s request to reverse the delisting.
#TrumpCrypto #CryptoVenture #JustinSun #CryptoNews #TokenPurchase $BTC $ETH $XRP
On-chain data from Nansen confirms that yesterday, the project’s wallet exchanged all 103 cbBTC tokens for WBTC, the first major wrapped Bitcoin token.
Promoted as a decentralized finance (DeFi) lending platform, World Liberty isn’t even fully operational yet. Wrapped Bitcoin like cbBTC and WBTC allows Bitcoin holders to access DeFi applications on Ethereum.
Justin, meanwhile, responded to the speculations, saying, “This is their own financial choice. I have nothing to do with it.”
Justin Sun’s role and financial involvement
Justin, a controversial crypto billionaire, joined the World Liberty project in November after investing $30 million. His investment reportedly pushed the venture to a stage where Trump could begin to profit from the business.
Known for stunts like spending $6.2 million on a banana duct-taped to a wall, Justin has faced both praise and criticism in the blockchain space. But his involvement in World Liberty isn’t his only tie to wrapped Bitcoin.
In August, BitGo, the custody firm behind WBTC, partnered with BiT Global, a Hong Kong-based firm with connections to Sun. This collaboration stirred controversy. Coinbase reacted by delisting WBTC and launching its own wrapped Bitcoin version, cbBTC.
BiT Global sued Coinbase earlier this month over the delisting, arguing the move hurt its business. Coinbase defended its decision, citing risks from Sun’s “potential control” over WBTC. A federal judge sided with Coinbase, rejecting BiT Global’s request to reverse the delisting.
#TrumpCrypto #CryptoVenture #JustinSun #CryptoNews #TokenPurchase $BTC $ETH $XRP
Trump’s crypto venture spends $10 million buying Justin Sun-linked tokens
Donald Trump’s crypto venture, World Liberty Financial, swapped $10 million worth of wrapped Bitcoin (cbBTC) for tokens tied to its project adviser, Justin Sun.
On-chain data from Nansen confirms that yesterday, the project’s wallet exchanged all 103 cbBTC tokens for WBTC, the first major wrapped Bitcoin token.
Promoted as a decentralized finance (DeFi) lending platform, World Liberty isn’t even fully operational yet. Wrapped Bitcoin like cbBTC and WBTC allows Bitcoin holders to access DeFi applications on Ethereum.
Justin, meanwhile, responded to the speculations, saying, “This is their own financial choice. I have nothing to do with it.”
Justin Sun’s role and financial involvement
Justin, a controversial crypto billionaire, joined the World Liberty project in November after investing $30 million. His investment reportedly pushed the venture to a stage where Trump could begin to profit from the business.
Known for stunts like spending $6.2 million on a banana duct-taped to a wall, Justin has faced both praise and criticism in the blockchain space. But his involvement in World Liberty isn’t his only tie to wrapped Bitcoin.
In August, BitGo, the custody firm behind WBTC, partnered with BiT Global, a Hong Kong-based firm with connections to Sun.
This collaboration stirred controversy. Coinbase reacted by delisting WBTC and launching its own wrapped Bitcoin version, cbBTC.
BiT Global sued Coinbase earlier this month over the delisting, arguing the move hurt its business. Coinbase defended its decision, citing risks from Sun’s “potential control” over WBTC. A federal judge sided with Coinbase, rejecting BiT Global’s request to reverse the delisting.
#TrumpCrypto #CryptoVenture #JustinSun #CryptoNews #TokenPurchase $BTC $ETH $XRP
Donald Trump’s crypto venture, World Liberty Financial, swapped $10 million worth of wrapped Bitcoin (cbBTC) for tokens tied to its project adviser, Justin Sun.
On-chain data from Nansen confirms that yesterday, the project’s wallet exchanged all 103 cbBTC tokens for WBTC, the first major wrapped Bitcoin token.
Promoted as a decentralized finance (DeFi) lending platform, World Liberty isn’t even fully operational yet. Wrapped Bitcoin like cbBTC and WBTC allows Bitcoin holders to access DeFi applications on Ethereum.
Justin, meanwhile, responded to the speculations, saying, “This is their own financial choice. I have nothing to do with it.”
Justin Sun’s role and financial involvement
Justin, a controversial crypto billionaire, joined the World Liberty project in November after investing $30 million. His investment reportedly pushed the venture to a stage where Trump could begin to profit from the business.
Known for stunts like spending $6.2 million on a banana duct-taped to a wall, Justin has faced both praise and criticism in the blockchain space. But his involvement in World Liberty isn’t his only tie to wrapped Bitcoin.
In August, BitGo, the custody firm behind WBTC, partnered with BiT Global, a Hong Kong-based firm with connections to Sun.
This collaboration stirred controversy. Coinbase reacted by delisting WBTC and launching its own wrapped Bitcoin version, cbBTC.
BiT Global sued Coinbase earlier this month over the delisting, arguing the move hurt its business. Coinbase defended its decision, citing risks from Sun’s “potential control” over WBTC. A federal judge sided with Coinbase, rejecting BiT Global’s request to reverse the delisting.
#TrumpCrypto #CryptoVenture #JustinSun #CryptoNews #TokenPurchase $BTC $ETH $XRP
See original
$TRX surely at $1 in March 2025.
Everyone must have it because there is a real opportunity to earn. Don't miss this opportunity. $TRX will take off soon #TRX #justinsun
Everyone must have it because there is a real opportunity to earn. Don't miss this opportunity. $TRX will take off soon #TRX #justinsun
Meh-67:
j'aimerais bien, mais une capitalisation de 80 milliards alors que son fondateur a plein d'histoire au c... je ne pense pas. et bonne chance pour lever 60 milliards
Trump-Backed World Liberty Financial Swaps cbBTC for WBTC After Justin Sun Joins as Advisor
Significant Token Swap
World Liberty Financial, backed by the family of newly elected U.S. President Donald Trump, made a major move on Wednesday by swapping cbBTC, Coinbase's new wrapped bitcoin, worth $10 million, for WBTC, a competing token.
Wrapped Bitcoin and the Coinbase vs. BiT Global Dispute
Wrapped Bitcoin (WBTC) allows the utilization of the largest cryptocurrency in decentralized finance (DeFi) on blockchains other than Bitcoin. Coinbase introduced its own token, cbBTC, in September and later announced plans to delist WBTC due to its stringent listing standards.
This decision led to a legal battle between Coinbase and BiT Global, the manager of WBTC. However, on Wednesday, the court ruled in favor of Coinbase, allowing the planned delisting of WBTC to proceed.
Justin Sun as a New Advisor
A key figure behind the scenes is Justin Sun, the founder of the Tron blockchain, who was named one of the most influential figures in the crypto industry in 2024. Sun has previously faced allegations of fraud and market manipulation in the U.S., which he denies.
Recently, Sun became an advisor to World Liberty Financial after investing $30 million in the platform in exchange for WLFI tokens.
World Liberty Financial's Market Activity
While the company has not explicitly explained the reasoning behind its cbBTC to WBTC swap, market data reveals significant activity in the past week. World Liberty Financial invested in tokens such as Aave (AAVE), Chainlink's LINK, and Ethena's ENA, all of which are projects linked to the company through partnerships and integrations.
Justin Sun's Connection to WBTC
Although Sun has no direct ties to WBTC, his influence is evident. In August, BitGo, the primary custodian of WBTC, announced plans to decentralize the token’s management among multiple entities, including BiT Global, a strategic partnership involving Sun's Tron ecosystem.
Board member Robert Liu noted that Sun's involvement is beneficial for WBTC due to the success of his ventures, such as the Tron blockchain and the HTX exchange.
Tron's Dominance
According to Liu, Tron commands more than 50% of the global market share and manages stablecoin assets exceeding $60 billion. This success bolsters confidence in Tron's involvement in other crypto projects like WBTC.
“People have no issues placing massive volumes of stablecoins on the Tron blockchain due to its high liquidity and stability,” Liu concluded.
#WorldLibertyFinancial , #donaldtrump , #JustinSun , #BTC☀ , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
World Liberty Financial, backed by the family of newly elected U.S. President Donald Trump, made a major move on Wednesday by swapping cbBTC, Coinbase's new wrapped bitcoin, worth $10 million, for WBTC, a competing token.
Wrapped Bitcoin and the Coinbase vs. BiT Global Dispute
Wrapped Bitcoin (WBTC) allows the utilization of the largest cryptocurrency in decentralized finance (DeFi) on blockchains other than Bitcoin. Coinbase introduced its own token, cbBTC, in September and later announced plans to delist WBTC due to its stringent listing standards.
This decision led to a legal battle between Coinbase and BiT Global, the manager of WBTC. However, on Wednesday, the court ruled in favor of Coinbase, allowing the planned delisting of WBTC to proceed.
Justin Sun as a New Advisor
A key figure behind the scenes is Justin Sun, the founder of the Tron blockchain, who was named one of the most influential figures in the crypto industry in 2024. Sun has previously faced allegations of fraud and market manipulation in the U.S., which he denies.
Recently, Sun became an advisor to World Liberty Financial after investing $30 million in the platform in exchange for WLFI tokens.
World Liberty Financial's Market Activity
While the company has not explicitly explained the reasoning behind its cbBTC to WBTC swap, market data reveals significant activity in the past week. World Liberty Financial invested in tokens such as Aave (AAVE), Chainlink's LINK, and Ethena's ENA, all of which are projects linked to the company through partnerships and integrations.
Justin Sun's Connection to WBTC
Although Sun has no direct ties to WBTC, his influence is evident. In August, BitGo, the primary custodian of WBTC, announced plans to decentralize the token’s management among multiple entities, including BiT Global, a strategic partnership involving Sun's Tron ecosystem.
Board member Robert Liu noted that Sun's involvement is beneficial for WBTC due to the success of his ventures, such as the Tron blockchain and the HTX exchange.
Tron's Dominance
According to Liu, Tron commands more than 50% of the global market share and manages stablecoin assets exceeding $60 billion. This success bolsters confidence in Tron's involvement in other crypto projects like WBTC.
“People have no issues placing massive volumes of stablecoins on the Tron blockchain due to its high liquidity and stability,” Liu concluded.
#WorldLibertyFinancial , #donaldtrump , #JustinSun , #BTC☀ , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Justin Sun Allegedly Requested the Removal of "Most Expensive Banana" Article
Justin Sun and the CoinDesk Article Dispute
Justin Sun's team reportedly reached out to Bullish, the owner of CoinDesk, requesting the removal of an article describing the incident where Sun ate the world's most expensive banana. The article, published in late November, detailed how Sun consumed an art piece by Maurizio Cattelan valued at $6.2 million.
Request to Remove the Article
According to a report by Fortune on December 18, Sun's team disagreed with the tone of the article and asked Bullish, which acquired CoinDesk for $75 million, to have it removed. The article was titled:
“I Watched Justin Sun Eat the World’s Most Expensive Banana. I Don’t Get It.”
Sun’s team found the content inappropriate and contacted Bullish to demand its removal.
Resistance from CoinDesk
The CoinDesk editorial team opposed the removal of the article. During an internal meeting, they demanded that the piece be reinstated with an editor’s note. However, the article is no longer available on the CoinDesk website, though it remains accessible on Yahoo News.
Previous Legal Disputes and CoinDesk's Independence
The article noted that Sun’s legal team had previously threatened legal action against media outlets linking the Tron blockchain to illegal activities. Interestingly, Tron is one of the primary sponsors of the CoinDesk Consensus conference series, raising questions about editorial independence.
Bullish and Leadership Changes at CoinDesk
According to the report, Bullish CEO Tom Farley, CoinDesk Editor-in-Chief Kevin Reynolds, and Justin Sun’s spokesperson all declined to comment on Fortune's findings. Additional sources stated that Matt Murray, Chairman of the CoinDesk Editorial Board, resigned on December 16 but did not respond to requests for comment.
In 2023, Bullish acquired CoinDesk from Digital Currency Group. This acquisition sparked concerns about the potential impact on the platform’s editorial independence. Following the acquisition, former Wall Street Journal Editor-in-Chief Matt Murray was appointed Chairman of the CoinDesk Editorial Board.
Conclusion
The dispute between Sun’s team and CoinDesk highlights tensions between media independence and commercial interests. The request to remove the article has raised concerns about press freedom and emphasized the importance of transparency in the relationship between media platforms and their owners.
#JustinSun , #TRON✅ , #BANANA , #CryptoNewss , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Justin Sun's team reportedly reached out to Bullish, the owner of CoinDesk, requesting the removal of an article describing the incident where Sun ate the world's most expensive banana. The article, published in late November, detailed how Sun consumed an art piece by Maurizio Cattelan valued at $6.2 million.
Request to Remove the Article
According to a report by Fortune on December 18, Sun's team disagreed with the tone of the article and asked Bullish, which acquired CoinDesk for $75 million, to have it removed. The article was titled:
“I Watched Justin Sun Eat the World’s Most Expensive Banana. I Don’t Get It.”
Sun’s team found the content inappropriate and contacted Bullish to demand its removal.
Resistance from CoinDesk
The CoinDesk editorial team opposed the removal of the article. During an internal meeting, they demanded that the piece be reinstated with an editor’s note. However, the article is no longer available on the CoinDesk website, though it remains accessible on Yahoo News.
Previous Legal Disputes and CoinDesk's Independence
The article noted that Sun’s legal team had previously threatened legal action against media outlets linking the Tron blockchain to illegal activities. Interestingly, Tron is one of the primary sponsors of the CoinDesk Consensus conference series, raising questions about editorial independence.
Bullish and Leadership Changes at CoinDesk
According to the report, Bullish CEO Tom Farley, CoinDesk Editor-in-Chief Kevin Reynolds, and Justin Sun’s spokesperson all declined to comment on Fortune's findings. Additional sources stated that Matt Murray, Chairman of the CoinDesk Editorial Board, resigned on December 16 but did not respond to requests for comment.
In 2023, Bullish acquired CoinDesk from Digital Currency Group. This acquisition sparked concerns about the potential impact on the platform’s editorial independence. Following the acquisition, former Wall Street Journal Editor-in-Chief Matt Murray was appointed Chairman of the CoinDesk Editorial Board.
Conclusion
The dispute between Sun’s team and CoinDesk highlights tensions between media independence and commercial interests. The request to remove the article has raised concerns about press freedom and emphasized the importance of transparency in the relationship between media platforms and their owners.
#JustinSun , #TRON✅ , #BANANA , #CryptoNewss , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🚨🚨 JUST IN : Federal judge says #Coinbase💰 can delist #wBTC💰, denying Justin Sun-affiliated BiT Global’s bid for a temporary restraining order.
$BTC #Coinbase #JustinSun #
$BTC #Coinbase #JustinSun #
🚨🚨 JUST IN : #TRON 💰 Founder Justin Sun Pressures CoinDesk to Remove Controversial $WBTC Article.
#MarketPullback #MarketCorrectionBuyOrHODL? #JustinSun #wbtc
#MarketPullback #MarketCorrectionBuyOrHODL? #JustinSun #wbtc
Justin Sun Withdraws $209 Million in ETH from Lido Finance: $349 Million Profit
TRON founder Justin Sun has requested the withdrawal of 52,905 ETH from Lido Finance, valued at $209 million. This transaction has drawn attention as historical data suggests it could impact Ethereum (ETH) prices.
Strategic ETH Accumulation and Massive Gains
Sun's withdrawal request is part of a broader ETH accumulation strategy. Reports indicate that Sun has purchased a total of 392,474 ETH at an average price of $3,027, currently yielding an estimated $349 million profit.
This is not the first time Sun has executed a significant withdrawal.On October 4, 2023, Sun withdrew 80,253 ETH worth $131 million and transferred it to Binance within four days. This action led to a 5% drop in ETH prices.
Analysts now speculate whether Sun intends to repeat a similar move—transferring the withdrawn assets to exchanges for potential sell-offs.
The Importance and Vulnerability of Lido Finance
The $209 million withdrawal highlights Lido Finance's critical role in Ethereum's Proof-of-Stake (PoS) infrastructure. Lido is a key liquid staking protocol that allows users to stake ETH while remaining liquid through tradable stETH tokens.
Lido secures over 30% of all staked ETH on the Ethereum network, making it a cornerstone of the PoS ecosystem.Large withdrawals, such as Justin Sun's, raise concerns about liquidity and potential market impacts.
Historical Example: On August 5 this year, similar large-scale withdrawals, likely executed by whales, drove the price of ETH down from $3,317 to $2,419. This demonstrates that while Lido enhances flexibility with liquid stETH tokens, sudden withdrawals expose a critical vulnerability in staking protocols.
Impact of Large Withdrawals and Market Balance
Withdrawals from Lido are not instantaneous, as they must pass through Ethereum's staking queue. However, significant moves like Sun's can signal major market shifts. Should other large stakeholders follow suit, it could create an imbalance between staked and unstaked assets.
Diversification into EIGEN Token
In addition to withdrawing ETH, Sun also deposited $964,000 worth of EIGEN tokens on the HTX exchange. EIGEN is the native token of EigenLayer, a protocol that enhances blockchain security by enabling collateral restaking and protection against intersubjective faults.
This move indicates Sun's intention to diversify liquidity across established tokens like ETH and riskier tokens with high growth potential.
Conclusion
Justin Sun's withdrawal of $209 million in ETH from Lido Finance is a significant event that may influence Ethereum's market dynamics. Large withdrawals not only highlight the vulnerability of liquid staking protocols but also emphasize the importance of monitoring market movements and the actions of major investors.
#JustinSun , #TRON✅ , #etherreum , #CryptoMarketMoves , #cryptowhales
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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Strategic ETH Accumulation and Massive Gains
Sun's withdrawal request is part of a broader ETH accumulation strategy. Reports indicate that Sun has purchased a total of 392,474 ETH at an average price of $3,027, currently yielding an estimated $349 million profit.
This is not the first time Sun has executed a significant withdrawal.On October 4, 2023, Sun withdrew 80,253 ETH worth $131 million and transferred it to Binance within four days. This action led to a 5% drop in ETH prices.
Analysts now speculate whether Sun intends to repeat a similar move—transferring the withdrawn assets to exchanges for potential sell-offs.
The Importance and Vulnerability of Lido Finance
The $209 million withdrawal highlights Lido Finance's critical role in Ethereum's Proof-of-Stake (PoS) infrastructure. Lido is a key liquid staking protocol that allows users to stake ETH while remaining liquid through tradable stETH tokens.
Lido secures over 30% of all staked ETH on the Ethereum network, making it a cornerstone of the PoS ecosystem.Large withdrawals, such as Justin Sun's, raise concerns about liquidity and potential market impacts.
Historical Example: On August 5 this year, similar large-scale withdrawals, likely executed by whales, drove the price of ETH down from $3,317 to $2,419. This demonstrates that while Lido enhances flexibility with liquid stETH tokens, sudden withdrawals expose a critical vulnerability in staking protocols.
Impact of Large Withdrawals and Market Balance
Withdrawals from Lido are not instantaneous, as they must pass through Ethereum's staking queue. However, significant moves like Sun's can signal major market shifts. Should other large stakeholders follow suit, it could create an imbalance between staked and unstaked assets.
Diversification into EIGEN Token
In addition to withdrawing ETH, Sun also deposited $964,000 worth of EIGEN tokens on the HTX exchange. EIGEN is the native token of EigenLayer, a protocol that enhances blockchain security by enabling collateral restaking and protection against intersubjective faults.
This move indicates Sun's intention to diversify liquidity across established tokens like ETH and riskier tokens with high growth potential.
Conclusion
Justin Sun's withdrawal of $209 million in ETH from Lido Finance is a significant event that may influence Ethereum's market dynamics. Large withdrawals not only highlight the vulnerability of liquid staking protocols but also emphasize the importance of monitoring market movements and the actions of major investors.
#JustinSun , #TRON✅ , #etherreum , #CryptoMarketMoves , #cryptowhales
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
BREAKING: Justin Sun's team has applied to withdraw 52,905 #ETH (approx $210 million) from Lido Finance #JustinSun #eth
Justin Sun recently unstaked 52,905 ETH (worth $209M) from Lido Finance and deposited 196,380 EIGEN (valued at $964K) to HTX. His address, 0x7a95f1554ea2e36ed297b70e70c8b45a33b53095, has been active in high-value transactions. Notably, on October 4, 2023, Sun unstaked 80,251 ETH ($131M) from Lido Finance, transferring the tokens to Binance within four days, just before a ~5% price drop by mid-October.
The ETH in question forms part of the 392,474 ETH Justin Sun allegedly acquired between February 8 and August 5, 2024, at an average price of $3,027 ($1.19B). From this investment, he currently holds an estimated profit of $349M (+29%) due to ETH's value appreciation.
Regarding EIGEN, since October 1, 2024, Sun has claimed and deposited 9.378M EIGEN ($37.3M) to HTX at an average price of $3.979. This recent activity raises speculation about whether he will liquidate more ETH in the near future.
#JustinSun
The ETH in question forms part of the 392,474 ETH Justin Sun allegedly acquired between February 8 and August 5, 2024, at an average price of $3,027 ($1.19B). From this investment, he currently holds an estimated profit of $349M (+29%) due to ETH's value appreciation.
Regarding EIGEN, since October 1, 2024, Sun has claimed and deposited 9.378M EIGEN ($37.3M) to HTX at an average price of $3.979. This recent activity raises speculation about whether he will liquidate more ETH in the near future.
#JustinSun
Midday News Update #Web3
📊 10x Research: Bitcoin could hit $120K by Trump’s January inauguration, driven by supply constraints and trading signals.
💸 El Salvador President shares $BTC holdings, showing $3.62B unrealized profit on a $2.7B investment.
🔼 Nansen: Institutional crypto adoption in 2025 to focus on $BTC lending, derivatives, and asset tokenization.
🐳 Justin Sun redeems 52,905 $ETH ($209M) from Lido, part of earlier $1.19B $ETH purchases.
🚀 Analysts: Strategic Bitcoin reserve plans and institutional demand drive $BTC to new ATH of $106,000.
#Bitcoin❗ #ElSalvador #EthereumEFT #justinsun
📊 10x Research: Bitcoin could hit $120K by Trump’s January inauguration, driven by supply constraints and trading signals.
💸 El Salvador President shares $BTC holdings, showing $3.62B unrealized profit on a $2.7B investment.
🔼 Nansen: Institutional crypto adoption in 2025 to focus on $BTC lending, derivatives, and asset tokenization.
🐳 Justin Sun redeems 52,905 $ETH ($209M) from Lido, part of earlier $1.19B $ETH purchases.
🚀 Analysts: Strategic Bitcoin reserve plans and institutional demand drive $BTC to new ATH of $106,000.
#Bitcoin❗ #ElSalvador #EthereumEFT #justinsun
Tron founder Justin Sun on Saturday announces a plan for Tron blockchain and artificial intelligence (AI) oriented decentralized payment framework for the AI systems ChatGPT and OpenAI. It will set new standards in decentralized finance. The integration with AI systems like ChatGPT and OpenAI will bring a new level of efficiency and convenience to payment systems.
Justin Sun Plans Tron Integration With ChatGPT
Tron founder Justin Sun in a tweet on February 4 announced plans to integrate Tron blockchain and AI systems like ChatGPT and OpenAI for a decentralized payment framework.
“As an industry-leading decentralized stablecoin financial infrastructure, Tron will provide an AI-oriented decentralized payment framework for AI systems #ChatGPT and OpenAI.”
The framework covers a smart contract system based on the Tron blockchain, the payment layer protocol, the underlying calling SDK, and the AI payment gateway. He asserts the smart contract system can be used to store user questions and AI results on the decentralized BitTorrent file storage system BTFS.
Moreover, the payment layer protocol will provide an efficient and convenient settlement on the Tron blockchain. Meanwhile, the interaction layer provides users with standard settlement and API for AI services. However, it involves TRX and BTT to achieve fully decentralized storage and DAO governance.
Justin Sun said Tron based framework will create a decentralized payment system. It believes the payment system will be secure, trustworthy, tamper-proof, and anti-censorship. Also, AI integration will help people build a new decentralized, intelligent financial ecosystem.
Furthermore, Justin Sun aims to involve Just (JST), Sun (SUN), APENFT Marketplace applications on the payment framework fully compliant with the Tron blockchain. He believes it will provide customers will a better experience and profit. Thus, he wants to have all Tron-linked tokens and projects incorporate AI systems. #TRXUSD #bttc #justinsun #bitcoin
Justin Sun Plans Tron Integration With ChatGPT
Tron founder Justin Sun in a tweet on February 4 announced plans to integrate Tron blockchain and AI systems like ChatGPT and OpenAI for a decentralized payment framework.
“As an industry-leading decentralized stablecoin financial infrastructure, Tron will provide an AI-oriented decentralized payment framework for AI systems #ChatGPT and OpenAI.”
The framework covers a smart contract system based on the Tron blockchain, the payment layer protocol, the underlying calling SDK, and the AI payment gateway. He asserts the smart contract system can be used to store user questions and AI results on the decentralized BitTorrent file storage system BTFS.
Moreover, the payment layer protocol will provide an efficient and convenient settlement on the Tron blockchain. Meanwhile, the interaction layer provides users with standard settlement and API for AI services. However, it involves TRX and BTT to achieve fully decentralized storage and DAO governance.
Justin Sun said Tron based framework will create a decentralized payment system. It believes the payment system will be secure, trustworthy, tamper-proof, and anti-censorship. Also, AI integration will help people build a new decentralized, intelligent financial ecosystem.
Furthermore, Justin Sun aims to involve Just (JST), Sun (SUN), APENFT Marketplace applications on the payment framework fully compliant with the Tron blockchain. He believes it will provide customers will a better experience and profit. Thus, he wants to have all Tron-linked tokens and projects incorporate AI systems. #TRXUSD #bttc #justinsun #bitcoin
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$BTTC We need a burn. Is Justin Sun thinking about this? We need to come together as a community and disturb Justin Sun on X to have a burn. Our project is promising and our network is growing technologically and economically, but we don't have a huge increase because of the amount of tokens in circulation.
$BTTC #BTC #justinsun #BTTCLOVERS
$BTTC #BTC #justinsun #BTTCLOVERS