The inventor of TRON (TRX), one of the popular cryptocurrencies, Justin Sun is an investor and trader with many coins. Therefore, Sun’s on-chain movements are followed by many. In the light of this information, according to the data; An address tagged with Justin Sun’s name sprang into action. Here are the details…
Mobility in the account of the inventor of TRON
PeckShield, which came to the fore with its analysis and security news on the blockchain, reports important on-chain activities in a separate Twitter account called Peck Shield Alert. According to one of the platform’s most recent tweets, an address tagged with the name of TRON inventor Justin sun moved $49 million USD Coin (USDC) from Binance to Aave Protocol V2. cryptocoin.comAs we reported, USDC is one of the largest stablecoins pegged to the US dollar.
#PeckShieldAlert Justin Sun-labeled address has supplied these ~49M $USDC to Aave Protocol V2https://t.co/tZYcTJwGqd
— PeckShieldAlert (@PeckShieldAlert) March 8, 2023
Meanwhile, Aave, a decentralized lending protocol, is considering deploying the minimum valid version (MVP) of Aave V3 to Polygon’s upcoming zkEVM layer 2 network. Marc Zeller, founder of the Aave-Chan Initiative and an Aave protocol validator, made this proposal to ensure Aave’s presence on Polygon’s zkEVM network shortly after the mainnet beta launch on March 27. The proposal is currently in the “temperature check” phase.
The proposal proposes limiting the hiring of assets and adjusting prudent risk parameters to mitigate risk. It is recommended that only three collateral types be included: Wrapped ETH (WETH) and Wrapped MATIC (WMATIC) and USDC. It is also proposed to include only one loanable asset, the USDC stablecoin, on the platform. Sun’s investment of USDC into the protocol follows this recommendation.
Justin Sun is working to make Huobi popular
Meanwhile, Justin Sun comes to the fore with his statements about the field. Sun, who is the founder of the TRON Blockchain and serves as a consultant to the major cryptocurrency exchange Huobi, said in a tweet on Monday that Huobi is a virtual asset service provider (VASP) in Hong Kong as part of the new operational requirements that will come into effect in June. He said he was going to apply for his license. If approved, the exchange will launch Huobi Hong Kong.
Ranked 15th in overall trading volume according to CoinMarketCap data, Huobi is one of Hong Kong’s exchanges seeking licenses to operate in the crypto market. Seychelles-based crypto exchange OKX, which ranks eighth in total trading volume, has also applied for a license in the city. Meanwhile, the Chinese government’s relationship with crypto has been turbulent. Two years ago, regulators banned crypto trading and mining. The new requirements do not mean that the coin will be available to Hong Kong retail traders, but at least for now, Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), has extended a lifeline to crypto companies.
