Crypto Treasury Firms Go on $8B Buying Spree in Historic Week

Justin Sun has accused First Digital Trust (FDT) of stealing $456 million from client funds, claiming the money was moved to a Dubai company without consent or collateral. FDT denies the allegations, calling them malicious, while Sun calls for urgent regulatory action in Hong Kong to address the situation.
Justin Sun, the founder of TRON, has ignited discussions within the cryptocurrency community by proposing a reduction in TRX block rewards
The SEC, Tron Foundation, and Justin Sun have asked a federal court to pause the 2023 lawsuit to explore a resolution. The case involves allegations of unregistered TRX and BTT sales, market manipulation, and undisclosed celebrity endorsements.
Justin Sun, founder of the TRON blockchain, has increased his stake in World Liberty Financial to a total of $75 million by committing an additional $45 million into the project. Sun made the announcement on his X on Sunday, making him to the primary stakeholder of the cryptocurrency project associated with U.S President Donald Trump.
In a recent post on the X platform, Ethereum co-founder Vitalik Buterin praised the Celo blockchain for hitting a fresh milestone for stablecoin use on the platform.
A trader turned $1,200 into $10 million with Tron Bull (BULL) in three days, but the value soon fell by 60%, leaving them with $4.3 million. This dramatic rise and fall highlight the volatile nature of meme coins, as Tron-based tokens like BULL, SUNDOG, and SUNCAT show fluctuating prices and declining values.
Telegram founder Pavel Durov was arrested in France, exposing various legal problems existing in the Telegram platform. Binance’s listing of TON means that it has once again brought new legal risks to itself. Justin Sun and Binance’s first sister He Yi needs to find a new way out under the severe regulatory environment.
TRON DAO Reserve has moved support for USDD from Bitcoin to TRX with the transfer of 12,000 Bitcoin, raising questions about the stability of the stablecoin amid reliance on more volatile assets.
Jeju Island, South Korea's popular tourist destination, will trial NFT-based tourist cards offering discounts and travel incentives to attract younger visitors and enhance their experience, positioning the island as a forward-thinking hub embracing blockchain technology.
Hong Kong police arrested 31 people after dismantling a deepfake romance scam that swindled over HK$34 million from victims in Taiwan, Singapore, and Malaysia. The criminals used AI-generated profiles to trick people into investing in fake cryptocurrency platforms.
Vitalik Buterin sold 28 meme coins, raising abround 984,000 USDC for his charity, Kanro. The move triggered extreme price swings, with some tokens dropping over 50% while others surged past 100%, underscoring meme coin volatility.
US prosecutors estimate over one million victims in the $40 billion Terra collapse. Terraform Labs co-founder Do Kwon, in US custody, denies nine felony fraud charges. His 8 January pretrial conference marks a pivotal moment in crypto’s biggest fraud case.
Gemini Trust settled with the CFTC for $5 million over misleading statements made while seeking approval for Bitcoin futures contracts. The settlement avoids a trial and highlights ongoing regulatory challenges facing crypto firms.
Binance CEO Richard Teng believes a globally distributed workforce is crucial for attracting top talent and improving customer service. While many companies are returning to the office, Binance maintains its commitment to remote work. Could this be key to its success?
Samsung will reveal its new Galaxy S25 series, including the slim S25 Ultra, at an event on January 22, 2025, showcasing advancements in mobile AI. The event will be livestreamed globally, with pre-order deals offering credits and a chance to win a $5,000 Samsung gift card.
Notebooks seized by police revealed deepfake-driven fraud. Authorities arrested 31 suspects, including students. Is online romance now a minefield of deception?
Cambodia's central bank introduced new rules for digital assets, allowing banks to engage with tokenized assets and stablecoins but banning direct cryptocurrency holdings. Non-compliance could result in heavy fines, aiming to protect the financial system and consumers.
Backpack has acquired FTX EU for $32.7 million, aiming to offer regulated crypto derivatives in Europe, including perpetual futures. The company is working to reactivate FTX EU's licence and return funds to affected customers while expanding its services in the region.