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.
Blockchain project Fetch.AI has launched a $50 million buyback initiative for its FET token, citing rising platform usage and what it considers an undervalued market price.
Singapore-based trading platform Lion Group Holding is making a bold move into the altcoin space, setting aside over $500 million to build a treasury focused on Hyperliquid (HYPE) tokens.
Large institutions accelerated their retreat from equities last month, unloading roughly $50.8 billion in U.S. shares, according to S&P Global.
Crypto chartist “Bluntz” believes the Solana memecoin SPX6900 (SPX) is gearing up for a major breakout after completing what he calls a classic ABC correction.