Justin Sun Raises Energy Cap Amid Meme Coin Mania
Justin Sun has successfully increased the network’s energy cap to 120 billion through Proposal No. 92. As a result of the meme currency frenzy that occurred on Tron’s SunPump platform the previous week, the development team has begun the process of increasing the energy limit of Tron Network in order to reduce the amount of […]
Tron USDD Stablecoin Removes 4000 BTC Reserves, Why?
Tron USDD stablecoin has transferred 4,000 Bitcoin reserves to HTX in the past three days as a result of security changes, according to Justin Sun. The Tron DAO Reserve undertook a major decision about removing Bitcoins as part of the reserves for its USDD stablecoin while flowing the proceeds back into HTX coin. This move […]
Tron Outperforms Ethereum in Revenue Over Past 90 Days
According to DeFi Llama, the Tron network generated $1.31 million in network revenue in the last 24 hours alone. Over the past 90 days, the Tron network has outpaced the Ethereum network in revenue, generating approximately $435 million in fees compared to Ethereum’s $364 million, according to data from Token Terminal. Tron Surpasses Ethereum in […]
MakerDAO Tags Risks On Justin Sun’s Role in WBTC Custody
MakerDAO assesses the risk associated with the recent shifts in WBTC custody due to Justin Sun’s role in the BitGo and BiT Global joint venture. MakerDAO , a prominent entity in the decentralized finance (DeFi) sector, is evaluating the potential effects of the forthcoming Wrapped Bitcoin (WBTC) custody shifts on its risk management framework. The […]
Justin Sun Buys Tens of Millions in Ethereum During Market Dip
Justin Sun bought nearly 15,000 ETH for $36 million, increasing his total holdings to about 392,474 ETH despite recent price drops. In a recent transaction, Justin Sun, the founder of Tron, acquired nearly 15,000 ETH, a substantial increase in his Ethereum holdings. Spot On Chain, a blockchain analytics firm, has reported that Sun has invested […]