Tron Founder Justin Sun and Mystery Whale Drive AAVE Market Speculation with Strategic Accumulation and Profit-Taking
June 26 (Cointime) - The AAVE market has seen a surge in speculation due to the activities of Tron founder Justin Sun and an anonymous whale. Sun recently deposited over $776k worth of AAVE tokens into Huobi, adding to his previous deposits into Binance.
Justin Sun deposited 11,910 $AAVE($776K) into Huobi 20 mins ago
June 26 (Cointime) - According to Lookonchain, Justin Sun deposited all 11,910 $AAVE($776K) into #Huobi 20 mins ago.Justin Sun deposited 49K $AAVE ($16M) to #Binance on Oct 27, 2021, when the price was $327.And deposited 59.5K $AAVE ($8.8M) to #Binance on Jan 28, 2022, when the price was $148.
Tron Founder Justin Sun Withdraws $29.7 Million of ETH from Lido and Sends to Huobi
June 22 (Cointime) - Justin Sun, the founder of Tron network and a crypto billionaire, withdrew $29.7 million worth of ether (ETH) from Lido Finance's liquid staking platform and transferred the tokens to Huobi exchange, according to blockchain data. Sun's wallet received 15,805 ETH from Lido's withdrawal address and deposited 15,815 ETH to Huobi through an intermediary address, indicating a possible intention to sell. Despite the transaction, Sun's wallets still held 287,855 of Lido's staked ether (stETH) tokens, valued at around $543 million.
Huobi Founder Sues Crypto Exchange Over Trademark Infringement
June 21 (Cointime) - Li Lin, the founder of Huobi, has filed a lawsuit against Huobi Global for trademark infringement, claiming that the crypto exchange resumed the use of the "Huobi" trademark without permission from his company, X-Spot.
Huobi Launches Huobi Mars Program to Explore the Universe
June 15 (Cointime) - Huobi, a virtual asset trading platform, has announced the launch of Phase I of its Huobi Mars Program, which aims to explore the universe. The program will consist of 12 rounds, with each round featuring a themed activity for participating users to complete and mint space NFTs. One lucky user will be selected to win a monthly reward and be shortlisted as a candidate space passenger. The eventual passenger for space travel with Justin Sun will be determined in Phase II, based on evaluation criteria such as physical fitness, training, and community contribution.
Justin Sun Establishes Businesses in Hong Kong Under Caribbean Identity, Huobi Ownership at Arm's Length
Justin Sun, who no longer holds Chinese citizenship, has been setting up businesses in Hong Kong under his identity from St. Kitts and Nevis, while keeping his ownership of Huobi at a distance. He previously used his Chinese passport to establish companies, but has since relied on his Caribbean identity.
Ownership of Huobi Exchange Remains Mysterious
The ownership of China-based crypto exchange Huobi remains a mystery, despite the acquisition announcement made by Hong Kong-based investment firm About Capital Management (ACM) in October 2022.
Tron Founder Justin Sun Predicts Tokenized KYC Checks Will Be Commonplace
Tron founder Justin Sun predicts that tokenized know-your-customer (KYC) checks will become more common as regulations on cryptocurrency tighten. He suggests that even decentralized exchanges like Uniswap may require KYC for all on-chain users in the future. Huobi, where Sun serves as an advisor, has launched the Dominica Metaverse Bound Token (DMBT) as a solution to this, offering tokenized identity for those who have completed tier 3 KYC verification. Minted on the Tron blockchain, DMBT provides users with "citizenship" to the Dominica Metaverse and can be used as a decentralized ID to verify a person across different applications.
Justin Sun Deposits $4 Million Worth of MKR on Binance as MKR Whales and Sharks Accumulate: Could This Lead to a Price Rally?
Justin Sun has deposited over $4 million worth of MKR on Binance, while the open interest for MKR has decreased, increasing the chances of a trend reversal.
Crypto Entities Take Action as Multichain Protocol Faces Delays and Concerns
Three major players in the cryptocurrency industry have taken action in response to concerns and delays surrounding the cross-chain protocol Multichain.
