TRON and Spell Tokens to be Removed From Binance.US
Binance.US has announced the removal of TRON and Spell tokens from its trading platform as part of a periodic assessment. The value of both tokens fell after the announcement, with delisting set to take place on April 18. Justin Sun, founder of TRON, claimed that the impact of the decision would be relatively small. Regulatory pressures have led to a series of similar delistings in recent months.
Binance US To Delist Justin Sun’s Tron (TRX) Amid Arrest FUD
On April 18, 2023, Binance.US will be removing Tron (TRX) from its digital asset listings following a routine evaluation.
Justin Sun, Lindsay Lohan, And Other Celebrities Sued By SEC For Crypto Sales
The US Securities and Exchange Commission (SEC) has charged Chinese cryptocurrency entrepreneur Justin Sun and his companies with fraud, accusing them of artificially inflating trading volumes and concealing payments to celebrities to promote their crypto assets. Eight celebrities, including Lindsay Lohan and Soulja Boy, were also accused of illegally promoting the crypto assets. All but two of the celebrities agreed to settle, paying more than $400,000 in total. The SEC has been cracking down on the crypto industry, with SEC Chair Gary Gensler calling it a "Wild West" riddled with misconduct.
U.S. SEC Sues Tron Founder Justin Sun; Claims TRX & BTT Are Unregistered Securities
Justin Sun has been sued by the U.S. Securities and Exchange Commission, which has accused him of engaging in market manipulation through the use of wash trading to artificially inflate the trading volumes of TRX and BTT.
UBS completes Credit Suisse deal for $3.2B following offer from Justin Sun
Swiss President Alain Berset announced the outcome of the deal.
Tron Founder Justin Sun Plans to Spend $5 Billion to Save Struggling Cryptocurrency Firms
Justin Sun, the founder of Tron blockchain, is as sympathetic to the present crypto businesses in crisis as he is eager to bail many out.
Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve similar to Terra’s UST reserves.
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