ChainCatcher message, according to on-chain analyst @ai_9684xtpa's monitoring, "the smart money that built a position in SUN three years ago" may be associated with Sun Yuchen or the Tron Foundation. Three years ago, transaction records show that over 20 addresses that had previously interacted with it were marked by Arkham as associated with Sun Yuchen.Following the on-chain sale of $1.18 million worth of SUN yesterday afternoon, the address has since sold off $1.68 million worth of tokens in the past four hours. From the time of the sale yesterday until now, the price of SUN has dropped by 18.4%; currently, the address still holds 6.25 million SUN, worth $1.03 million.

ChainCatcher news, according to Coindesk, a judge in New York has denied the U.S. Securities and Exchange Commission (SEC)'s request to compel a pre-trial conference or to require it to submit additional responses in the securities fraud lawsuit against the Tron Foundation and its founder Justin Sun.In a letter submitted to the court on August 12, the SEC accused the defense of attempting to secretly introduce new arguments, claiming that "the sales of TRX and BTT do not meet the 'common enterprise' standard of the Howey test."In response, Tron’s lawyers countered the SEC's letter, writing to U.S. District Judge Edgardo Ramos of the Southern District of New York, accusing the SEC of "trying to create controversy" and urging the court to deny the SEC's request for a pre-trial conference. Ultimately, the judge sided with Tron’s lawyers and dismissed the SEC's request.

ChainCatcher news, according to a report by The Block, Tron DAO Reserve withdrew approximately $750 million worth of Bitcoin on Wednesday, which was previously used to support the USDD stablecoin. Tron founder Justin Sun stated that users need not worry, explaining that this move is aimed at improving capital efficiency, as USDD's previous long-term collateralization rate exceeded 300%.Currently, USDD is primarily backed by Tron’s native token TRX. Sun compared the mechanism of USDD to MakerDAO's DAI, emphasizing its security.At present, the circulation of USDD is approximately $744 million, making it the seventh largest stablecoin. Although official data indicates that its collateralization rate exceeds 230%, third-party institution Bluechip estimates that the actual collateralization rate may be only 53%.

ChainCatcher news, TRON founder and Huobi HTX Global Advisory Committee member Justin Sun stated on platform X,"Nowadays, the usage of TRON has surged, with daily transactions exceeding 8.7 million, approaching 10 million. The community super representatives have agreed to lower energy prices to reduce transaction costs. This proposal will take effect this week."Justin Sun emphasized that reducing fees and increasing the energy cap will not harm the profitability of the TRON protocol. The fee reduction is expected to drive daily transactions to over 20 million within three months, expanding market share and increasing profits. More energy will also encourage TRX staking for free transfers.He predicts that conservatively, the total revenue of the TRON protocol could reach $3 billion in the next 12 months. Of this, $1 billion will be burned, and $2 billion will be allocated as rewards for stakers and transaction subsidies. If the meme strategy is successful, total revenue could reach $4 billion.

ChainCatcher news, Sun Yuchen posted on platform X that, in the past 30 days, according to data from tokenterminal, TRON's protocol revenue has exceeded Ethereum's protocol revenue by 50%. If this trend continues, TRON's protocol revenue may even exceed $2 billion this year, making it the most profitable blockchain project in the world.

ChainCatcher news, Jupiter co-founder Meow posted on X that at 11 AM tomorrow, he will host an X Space for BitGo CEO Mike Belshe and Sun Yuchen (Bitglobal) to discuss the upcoming changes to WBTC, covering the following topics:Who is part of the multi-signature holders of these BTC?Will these BTC be used for any purpose?What are the benefits for both parties, is TRON adopting WBTC? If so, is there no need to acquire the entire setup?What exactly is the benefit of multi-jurisdiction?Is it possible to find a compelling independent party within this organization to serve as a communicator and signer?

According to ChainCatcher news, monitored by Lookonchain, a wallet suspected to belong to Justin Sun has deposited 787 million USDT into Tron from Binance since March 31. On the same day, a mysterious wallet was created on Ethereum and withdrew stablecoins worth 96.8 million USD from Binance.Subsequently, the mysterious wallet began purchasing ETH from Binance and DEX, totaling 127,388 ETH (405.19 million USD) at a price of 3,172 USD. The Justin Sun wallet purchased 168,369 ETH (487 million USD) from Binance and DEX between February 12 and February 24 at a price of 2,894 USD. The trading behaviors of these two wallets are very similar, and they likely both belong to Justin Sun.If this is the case, then since February 12, Justin Sun has purchased a total of 295,757 ETH (891 million USD) from Binance and DEX at an average price of 3,014 USD.

ChainCatcher news, TRON founder Justin Sun has confirmed that he will attend "Oak Grove Crypto 2024" on April 5, 2024, and will deliver a keynote speech at the conference. TRON is committed to accelerating the decentralization of the internet through blockchain technology and decentralized applications (DAPP).It is reported that Oak Grove Crypto 2024 is initiated by Oak Grove Ventures and co-hosted by Polyhedra, Alchemy Pay, Ritual, and ChainCatcher, aiming to bring together elite individuals in the Web3 field to discuss and envision the development trends of the industry over the next five years. This grand event is expected to attract 500 to 1,000 industry elites, including innovative leaders, technical experts, and industry investors. They will engage in in-depth discussions on popular topics such as AI, DePIN, gaming, crypto payments, and Bitcoin infrastructure.

ChainCatcher news, according to @ai_9684xtpa's monitoring, 2 hours ago, Justin Sun transferred 200,000 XVS and 59,000 AAVE from Binance again, with a total value of 8.17 million USD. The tokens have not yet been transferred or sold. In the past week, Justin Sun has withdrawn assets worth 11.27 million USD from Binance.

According to ChainCatcher news, monitored by Lookonchain, several whale addresses, including Justin Sun, have accumulated a large amount of SHIB over the past month, including:A newly created address starting with 0x95ad withdrew 23.78 billion SHIB (approximately $2.56 million) from Binance 13 hours ago;Justin Sun's address withdrew a total of 57.7 billion SHIB (approximately $6.17 million) from Binance on December 18 and December 19;Addresses starting with 0xfa22 and 0xF17f (possibly the same person) withdrew a total of 85 billion SHIB (approximately $7.57 million) from Binance over the past month;Address 0x8652 began withdrawing a total of 54.33 billion SHIB (approximately $5.8 million) from Binance on August 9, with most of it (53 billion) accumulated on November 30 and December 1.

ChainCatcher news, according to Grenada Broadcasting Network, Tron blockchain founder Justin Sun is no longer a diplomat of Grenada. At some point after the elections held in June 2022, he was stripped of his ambassador status, as the new National Party that granted him the position was dismissed by the National Democratic Congress.It is reported that officials from Grenada's Office of Foreign Affairs and Government Information Services did not respond to this. (Source link)

ChainCatcher news, Huobi Global's legal advisor in Hong Kong revealed during an interview that the U.S. SEC's accusations against Justin Sun and his three companies, Tron Foundation, BitTorrent Foundation, and BitTorrent, last week may thwart Huobi's application for a cryptocurrency trading license in Hong Kong and its plans to launch the new exchange Huobi Hong Kong.Although Huobi was not named in the U.S. SEC lawsuit, Nikkei Asia interviewed six lawyers who stated that the actions of the U.S. regulatory agency would make it more difficult for the Hong Kong Securities and Futures Commission (SFC) to approve Huobi's VASP application.In the interview, Justin Sun responded that the U.S. accusations have "no impact" on Huobi's business plans in Hong Kong. A Huobi spokesperson stated in a Telegram message, "Our original plans remain unchanged." (Nikkei Asia)

ChainCatcher news, most of the Bitcoin held by Tron founder Justin Sun is stored in one place: the U.S.-based crypto asset management company Valkyrie Investments.According to a private financial document reviewed by CoinDesk, Justin Sun entrusted Valkyrie Investments with over $580 million in BTC at some point in August. The document shows that this accounts for more than 90% of the funds of Valkyrie's largest division, Valkyrie Digital Assets LLC. (source link)

ChainCatcher news, according to The Block, Tron DAO and Justin Sun have applied to contribute to the Binance Industry Recovery Fund. Tron DAO explained their absence from the supporters listed in yesterday's announcement by stating that they were unaware of the announcement, have applied to join the program, and will receive a response soon. (Source link)

ChainCatcher news, according to The Wall Street Journal, Justin Sun stated that his colleagues are evaluating the possibility of purchasing FTX assets from SBF. Justin Sun said in an interview in Singapore on Tuesday: "We are open to any form of transaction, and I think all options are on the table. We are currently evaluating the assets one by one, but as far as I know, this process will take a long time because they (FTX) have already entered bankruptcy proceedings." (source link)

ChainCatcher news, according to reports from Wu, internal emails from Huobi show that the Huobi Advisory Committee has made adjustments to the company's organization, with almost all department heads being replaced. All newly appointed department heads now report to the global advisory committee represented by Justin Sun.It is reported that some of the new leaders are former employees of TRON. The departments divided by Huobi include: spot, contracts, fiat, assets, DEX, NFT, liquidity, PR, finance, securities, risk control, auditing, international, procurement, HR, GR, etc.Previously, former Huobi CEO Zhu Hua has officially left, and former Huobi PR/GR head Chen Dai also bid farewell to Huobi in her social circle. On November 4, former Huobi CFO Zhang Li left. The team led by Sun Yuchen has now fully taken over Huobi's business. (Source link)

ChainCatcher news, according to Lookonchain analysis, Justin Sun's address withdrew 72 million USDC from Binance early this morning and transferred it to Circle in exchange for USD.According to statistics, since the collapse of UST and LUNA on May 12, this address has transferred a total of 2.36 billion USDC to Circle. (source link)