Justin Sun moved 41.99m Spark worth $1.23m from Spark to HTX, adding to roughly 610m SPK in exchange-bound flows since 2025 and renewing sell-pressure and governance worries. Justin Sun has resumed large Spark (SPK) withdrawals from Spark, moving 41.99 million…
The post How Justin Sun Is Quietly Converting $20 Billion in TRX Into Hard Crypto Assets appeared on BitcoinEthereumNews.com.
TLDR: Justin Sun controls roughly 60 billion TRX tokens, representing 63% of the total supply in circulation. HTX acquisition allows Sun to channel user deposits into JustLend, using TRX as near-unlimited collateral. The Tron Inc. Nasdaq reverse merger lets Sun swap on-chain tokens for U.S. dollars without crashing markets. Sun’s WLFI investment created an off-exchange token swap that converts TRX exposure into tradable assets. Justin Sun’s financial maneuvers have drawn scrutiny after a detailed analysis revealed how the Tron founder may be converting illiquid TRX holdings into hard assets. Crypto analyst Punk2898 outlined several methods Sun allegedly uses to manage his vast token reserves. Sun reportedly controls around 60 billion TRX tokens, valued at over $20 billion, but faces major liquidity challenges due to the sheer size of his position in the market.
The post Justin Sun-Led Liberland Micronation Awards Ethereum Founder Vitalik Buterin Its Top Honor appeared on BitcoinEthereumNews.com.
In brief Liberland gave Ethereum co-founder Vitalik Buterin its highest award during ETH Prague 2026. The award recognized Buterin’s work in blockchain technology and his interest in new forms of digital governance. Liberland, founded in 2015 on disputed land between Croatia and Serbia, remains unrecognized by any sovereign nation. Liberland, the self-declared micronation that elected Tron founder Justin Sun as prime minister in 2024, awarded Ethereum co-founder Vitalik Buterin its highest state honor this week during ETHPrague 2026 in Prague. Liberland President Vít Jedlička presented Buterin with the “First Class Order of Merit of the Star of Liberland” during a side event at the Ethereum-focused conference. “Liberland celebrates a shared vision by honoring Vitalik Buterin—using technology to expand human freedom and to experiment with new, more res
The post Justin Sun’s Liberland has given Vitalik Buterin a medal appeared on BitcoinEthereumNews.com.
Justin Sun’s made-up country Liberland has given Ethereum founder Vitalik Buterin a star-shaped medal, “its highest state distinction,” for his technical blockchain achievements. The “First Class Order of Merit of the Star of Liberland” was given to Buterin during ETHPrague 2026, where he attended a Network State event sponsored by the micronation. Liberland said the medal recognizes Buterin’s “extraordinary technical achievements,” and, “his role in advancing new ideas about how societies can organize themselves. Additionally, Buterin was praised for the attention he has given to “pop-up cities, decentralized societies, and network states.” Liberland shared an image of a sheepish-looking Vitalik Buterin holding his medal. Read more: Justin Sun is now prime minister of Liberland, an entirely made-up country The medal’s name appears to have been inspired by the Commonwealth’s Order
The lawsuit highlights the critical need for clear communication and investor awareness in DeFi, beyond just the transparency of on-chain code.
The post World Liberty Financial co-founder defends transparency of smart contracts amid Justin Sun lawsuit appeared first on Crypto Briefing.
Spark has released a comprehensive risk framework for the Sky Agent Network, detailing how losses are absorbed and risk is bounded across Spark Savings, SparkLend, and the Spark Liquidity Layer.
