Justin Sun, the founder of Tron and advisor to HTX Global, believes that U.S. President-elect Donald Trump's entry into the cryptocurrency space through the launch of a memecoin could mark a pivotal moment for crypto regulation in the country.
During an HTX X Space event focused on the impact of Trump’s memecoin, Sun highlighted the broader implications of this move.
He suggested that Trump’s involvement might trigger increased competition in the crypto industry, potentially motivating tech giants like Facebook and Apple to develop their own trading platforms. “The competitive landscape will become more intense,” Sun noted, signaling a shift in how major corporations might approach digital assets.
In late 2024, Sun became the Trump family’s largest investor in the World Liberty Financial (WLFI) project, committing $30 million to the initiative. During the event, he confirmed this partnership and unveiled plans for integrating WLFI further into the TRON ecosystem.
Sun announced that the WLFI token would soon launch on the TRON blockchain, with TRX designated as a reserve asset for the project. Additionally, the token is expected to be listed on HTX in the near future, expanding its reach and solidifying its role within the ecosystem.
CryptoQuant’s Ki Young Ju has recently declared the onset of altcoin season, but this time, things are different. Instead of the typical flow of capital from Bitcoin into altcoins, Ju points out that it’s stablecoin holders driving the action.
Robinhood’s cryptocurrency division is poised for substantial growth, with trading activity projected to surge over the next two years, according to a new analysis by Bernstein.
JPMorgan reports that institutional interest in Bitcoin and Ethereum futures is waning, leaving the crypto market in a vulnerable position.
Canary Capital’s proposed Litecoin ETF has taken a step forward, with its listing on the Depository Trust and Clearing Corporation (DTCC) significantly boosting expectations for approval.