Coinatory

David Geffen Countersues Justin Sun Over $78M Giacometti Sculpture Crypto entrepreneur Justin Sun is the target of a countersuit filed by billionaire media mogul David Geffen, who claims Sun's initial lawsuit over a $78 million sculpture by Alberto Giacometti is a "sham" and a component of a larger fraudulent scheme. The counterclaim was filed on April 16 by Geffen, who is well-known as a record executive, art collector, and film producer. In connection with their contentious art sale, he charged Sun, the cr... Coinatory

TRON Considers Block Reward Reduction to Enhance Deflationary Model TRON founder Justin Sun has proposed a strategic shift for the TRX blockchain, suggesting a reduction in block rewards—a move reminiscent of Bitcoin's halving cycles. This initiative aims to reinforce TRX’s status as a deflationary asset and potentially increase its appeal to long-term investors and network participants. Currently, TRX reduces its circulating supply by 1% annually, positioning itself, according to Sun, as the only major crypt... cryptocurrency news today

Justin Sun Criticizes Coinbase Amid World Liberty Financial’s Move to wBTC Justin Sun Supports World Liberty Financial's Decision to Use wBTC Rather Than cbBTC Justin Sun, the founder of TRON, has been quite critical of World Liberty Financial's recent decision to use Wrapped Bitcoin (wBTC) rather than Coinbase's cbBTC, accusing Coinbase of having "unreliable custody practices." The action also demonstrates the growing competition between the vocal blockchain entrepreneur and the cryptocurrency exchange. In a Jan... crypto news today

Justin Sun Transfers $244.9M in Ethereum to HTX on Christmas Eve On Christmas Eve, Tron founder Justin Sun sent HTX (previously Huobi) 70,182 ETH, worth $244.9 million. This was a huge Ethereum transfer. This transaction involved 27,277 ETH from Etherfi and 42,905 ETH unstaked from Lido Finance, a decentralized liquid staking platform, according to Spot On Chain. At an average purchase price of $3,601 per ETH, the new deposit brings Sun's total inbound transfers to HTX in December to 179,101 ETH, or $645 m... Coinatory crypto news

Tron Founder Justin Sun Calls it Prime Time to Accumulate ETH Tron founder and crypto billionaire Justin Sun has issued a bullish call on Ethereum (ETH), asserting that now is an “excellent time to continue accumulating” the cryptocurrency rather than selling. Sun’s statement follows a recent shift in U.S. political leadership, which he believes signals a positive turn in crypto regulation. Sun’s optimism echoes sentiments from Gemini co-founder Cameron Winklevoss, who recently suggested that regulatory... Coinatory cryptonews

There is no obvious way to use the platform. CEO and founder of the Chinese blockchain platform Tron Justin Sun buys BitTorrent for 140 million dollars. The shareholders were provided with the relevant documents necessary to complete the transaction. It is known that BitTorrent was put up for sale for quite some time. But Sun"s decision to acquire BitTorrent raises questions for the crypto community because there is no obvious way to use the platform, says Cryptodisrupt. Experts suggest that Tron intends to use BitTorrent as a possible ... Read more about " Tron buys BitTorrent for $ 140 million " on coinatory.com