Trump-Backed World Liberty Financial Swaps Its cbBTC for WBTC After Sun Joins as Adviser
The swap took place Wednesday, the same day BiT Global lost a court case seeking to prevent Coinbase delisting WBTC.
Justin Sun
Justin Sun Joins Donald Trump’s World Liberty Financial as Adviser
Justin Sun just invested in Donald Trump’s WLFI (Justin Sun/X)
Justin Sun Wants More TradFi on Tron, Dogs Over Cats for Memecoins
CoinDesk had 20 minutes in person with the Tron founder on the sidelines of Chainlink’s Smartcon at Hong Kong Fintech Week. We covered a lot.
The Protocol: Justin Sun, Bitcoin Mempool Sniping, XRP for Harris, Inspirational Women
This week’s issue could not be more chock-full of blockchain content. We clarify Tron founder Justin Sun’s role in the WBTC project, bring you excerpts from the new crypto book “Lessons Learned” and highlight inspirational women of Web3 and AI. PLUS a photo from the stage at Cosmoverse.
Sky Reconsiders Plan to Offboard Wrapped Bitcoin, After Chat With BitGo CEO
An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says their concerns have been adequately addressed regarding Tron founder Justin Sun’s involvement in the custody of bitcoin backing the WBTC token.
DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns
The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding.
Brian Armstrong, ETF Experts Shoot Down ‘Paper Bitcoin’ Rumors
Rumors alleging Coinbase (COIN) of issuing bitcoin IOUs to BlackRock were quickly shut down by industry experts as well as Coinbase CEO Brian Armstrong on Monday.
DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger
The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass.
Tron, Tether and TRM Labs Start Financial Crime Fighting Force
The T3 Financial Crime Unit (T3 FCU) is looking to clean up USDT issued on Tron, a blockchain favored by bad actors.
BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns
The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’