Crypto Evening Briefing: Ukraine Plans to Adopt EU’s New Cryptocurrency Regulations
Ukrainian regulators have announced their intention to adopt the Markets in Crypto-Assets (MiCA) regulation, which was recently passed by the European Parliament.
Justin Sun Is in the Spotlight. Free or Four?
Tron TRX has been delisted by Binance.US amid rumors about the arrest of its founder. What’s going on with Justin Sun?
Ethereum Shanghai Upgrade Goes Live; US Court Summons Justin Sun Over SEC Charges | Cointime Weekly Apr.9 – Apr.15
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Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case
Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also been summoned. The SEC accuses Sun of orchestrating an unregistered sale and offer of a crypto asset security and engaging in manipulative trading schemes.
Justin Sun Withdrawing His Funds Following Arrest Rumors
Justin Sun, the founder of TRON, has reportedly transferred 2,200 ETH worth approximately $4.6 million to Binance and Huobi exchanges, raising suspicions among market observers. This move comes after rumors surfaced about Sun's arrest in Hong Kong, which he quickly dismissed on Twitter. However, the community's apprehension persisted, leading to a significant sell-off of TRON's native cryptocurrency. The recent arrest rumors and Sun's subsequent funds transfer have raised questions about whether the two events are connected, and it could be tied to the ongoing speculation surrounding his potential legal issues related to charges by the SEC for unregistered offer and sale of crypto asset securities TRX and BTT, fraudulently manipulating the secondary market for TRX, and orchestrating a scheme to pay celebrities to promote TRX and BTT without disclosing their compensation. The SEC's charges have cast a shadow over Sun's reputation and the future of the TRON project, leading to a loss of confidence in the project and its leadership.
Justin Sun-Labeled Address Transferred 2,200 ETH to Binance and Huobi
PeckShieldAlert: Justin Sun-labeled address has transferred to ~ 2,200 $ETH ($4.6M) to crypto-exchanges Binance and Huobi <a href="https://etherscan.io/address/0x611f97d450042418e7338cbdd19202711563df01" target="_blank">https://etherscan.io/address/0x611f97d450042418e7338cbdd19202711563df01</a>
Crypto Morning Briefing: U.S. Court Summons Justin Sun Over SEC Charges
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U.S. Court Summons Justin Sun Over SEC Charges
A U.S. district court has summoned former TRON CEO Justin Sun over charges previously filed by the U.S. SEC, according to a court document filed April 12.
Court Summons Issued for Justin Sun, Tron, and Bittorrent in SEC Lawsuit
The SEC alleges that Sun offered and sold securities in an unregistered and unlawful manner and seeks disgorgement, penalties, and injunctive relief.
TRX Suffers After Binance Announced Delisting Amid Sun’s Legal Troubles
Binance has announced that it will delist TRX from its US division, causing a negative reaction in the market for the cryptocurrency. The delisting will only affect TRX's availability on Binance US, while it will remain accessible via the international version. The exact reason for the delisting was not revealed, but Binance listed several possible reasons, including changes in a digital asset's risk profile, unethical or fraudulent activity, and regulatory issues. TRX's price fell by as much as 8%, and its money flow indicator demonstrated a sudden shift in the last two days, highlighting the liquidity outflows. Despite the dip, Tron maintained healthy development activity, which may contribute to a confidence boost. However, there is still some risk of more downside if Tron's current concerns expand outside the US and into the global arena.
