Cointime

Download App
iOS & Android

Justin Sun: Will go all out to create a better financial order

According to official sources, on December 21st, Sun Yuchen, the founder of TRON and a member of the global advisory committee of Huobi HTX, expressed through his personal social media account that he has been in business for ten years and knows the heavy responsibility on his shoulders. He will do his best to do his job well. Sun Yuchen also stated that he no longer feels unfair or unjust about negative media coverage, but only cares about whether the assets of Huobi HTX users are 100% safe and whether the transfer services of two billion TRON users are smooth, decentralized and secure enough. He also stated that he promised people to create a better financial order through blockchain technology and cannot disappoint everyone. However, this goal requires satisfaction from regulation, users, and society, and more time to do more things. Regarding recent industry regulatory issues, he also stated that decentralization and compliance are the general trend, and he will do his best to do his job well.

Comments

All Comments

Recommended for you

  • Cryptocurrency transactions surge in Spanish real estate market

    According to a report by Bitcoin.com, Enlace, a Spanish real estate technology company, revealed that the number of real estate transactions using some form of cryptocurrency as a payment method has significantly increased this year. The company found that these payment methods have advantages over traditional home buying methods, such as quick access to funds and savings compared to international bank transfers, resulting in a 15% increase in usage by 2024. This trend is particularly evident in major cities such as Barcelona, Madrid, and Valencia, where cryptocurrency transactions account for 60% of all transactions in the industry. Enlace predicts that approximately 6% of real estate transactions will involve cryptocurrency payments by 2024.
  • Google searches for "memecoin" hit an all-time high

     Google Trends data shows that the search popularity for "memecoin" has reached its historical high of 100. Cryptocurrency KOL Lark Davis analyzed that this phenomenon indicates that retail investors are awakening, and Meme coins are usually their preferred entry point into the cryptocurrency market.
  • BlackRock receives Abu Dhabi license to focus on AI and private market expansion

     BlackRock has announced obtaining a commercial operating license in Abu Dhabi and is currently applying for an operational license in Abu Dhabi Global Market (ADGM). Charles Hatami, Head of BlackRock's Middle East region, stated that the company will focus on developing the private market and artificial intelligence infrastructure business.
  • Analysis predicts bitcoin price could reach $200,000 despite recent surge

    According to BCA Research, despite the recent surge in bitcoin's price, it could potentially rise to $200,000 based on a gauge using 260-day fractal patterns. This gauge indicates that the current levels are nowhere near the levels seen during previous bull market peaks. While bitcoin is currently below the six-figure mark, one firm is predicting that its price could more than double from the current market rate of $90,000. The rise in stablecoin liquidity and bitcoin transactions is contributing to the formation of "Uptober." The ETH/BTC ratio has also slid to its lowest since April 2021.
  • South Korea’s Paju City Government Warns Tax Debtors It Will Sell Their Crypto Holdings If They Don’t Pay Their Debts

    government of Pocheon City, Gyeonggi Province, South Korea, announced plans to seize and sell cryptocurrency held by citizens who owe taxes. On November 18, local media Han Kyung reported that Pocheon City officials have notified 17 people who owe a total of KRW 124 million, approximately USD 88,600. The city warned these taxpayers that if they do not repay their debts by the end of November, their cryptocurrency assets on the exchange will be confiscated and sold.
  • Cointime February 24 News Express

    1. Paypal to launch global hackathon with 40,000 PYUSD prizes
  • Cointime April 27th News Express

    1. ETH falls below $3,100
  • Justin Sun has deposited 166 million USDT to Binance in the past 7 hours

    According to on-chain analyst @ai_9684xtpa, in the past 7 hours, Sun Yuchen has accumulated a total of 166 million USDT deposited into Binance.
  • Justin Sun redeemed 85.53 million USDT from JustLend 4 hours ago and immediately transferred it to Binance

    As monitored by on-chain analyst Yu Jin, 4 hours ago, Sun Yuchen's Tron address (TXN...752) redeemed 85.53 million USDT from JustLend and immediately transferred it to Binance.
  • Tron filed a lawsuit in New York Federal Court, requesting the dismissal of the lawsuit filed by the US SEC

    Tron has filed a lawsuit in the New York Federal Court seeking to dismiss the lawsuit brought by the US Securities and Exchange Commission (SEC). The platform requests that the court dismiss the case based on the principle of materiality and points out that the SEC does not have exclusive power over the cryptocurrency field. Tron's main concern is the regulatory agency's interference with the platform's provision of foreign digital assets to foreign buyers on a global scale. Tron argues that the regulatory agency is attempting to apply US securities laws to "primarily foreign conduct," which exceeds the SEC's authority. Tron further adds that while the SEC is not a "global regulatory agency," its intervention in foreign affairs goes beyond its limits. In a recent motion filed, Tron argues that these tokens do not belong to investment contracts based on the Howey test. Additionally, the motion accuses the SEC's allegations of lacking "specificity" and generalizing the charges without mentioning any victims.