The Tron (TRX) founder Justin Sun says he is ready to spend big on acquisitions as another week of crypto turmoil begins – and there are also developments from Celsius (CEL) (as usual!), while the exchange CoinFlex could be gearing up to flex its legal muscles on Roger Ver.
Here’s all you need to know:
Sun ready to shine on struggling crypto firms
In a tweet, Sun wrote that Tron was “friends with everyone” and was “always ready to serve.” He further told The Block that “lots of” companies had already reached out to both Tron and Sun for financial assistance – with many firms in the sector continuing to struggle.
Sun added that he was prepared to spend up to USD 5bn and that Tron was “engaging an investment bank” to “advise on potential deals.”
The Tron chief was quoted as explaining:
“Our interest is platforms with a large user base – both [centralized finance] and [decentralized finance] DeFi platforms.”
Sun concluded that “the worst” of the “de-leverage process” had “passed,” but...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...