Recently, Tron founder Justin Sun stepped in with emergency funding for TrueUSD (TUSD) after its issuer, Techteryx, faced a $456 million liquidity crisis due to illiquid investments. Though Sun claimed he was just an advisor and not directly involved with TrueUSD, he provided crucial financial support during the crisis.

Sun said at a press conference that the current laws contain systemic loopholes.

Justin Sun provided emergency funding to TrueUSD after $456 million in reserves were allegedly misappropriated that caused a major liquidity crisis.

Tron founder Justin Sun provided emergency funding to stabilize TrueUSD after its issuer faced a $456 million liquidity crisis due to illiquid investments, ensuring continued redemptions for users amidst allegations of mismanagement. The post Tron Founder Justin Sun Provides Emergency Funding to Stabilize TUSD Amid Reserve Crisis appeared first on Cryptonews.

According to a Hong Kong court filings, Justin Sun stepped in to bail out Techteryx's TrueUSD (TUSD) stablecoin after it saw nearly half a billion dollars of its reserves rendered illiquid. The issue started after Techteryx acquired TrueUSD from TrueCoin in December 2020.

Justin Sun, the founder of Tron, stepped in to provide crucial financial support to TrueUSD (TUSD) following a $456 million reserve crisis that left the stablecoin's reserves in a state of limbo. According to court documents filed in Hong Kong, a series of financial missteps and unauthorized investments by TUSD's fiduciary led to a significant

Tron founder Justin Sun has publicly declared that First Digital Trust, a Hong Kong-based fiduciary, is insolvent and unable to fulfill client fund redemptions.

The incident highlights vulnerabilities in stablecoin reserve management, emphasizing the need for stricter oversight and transparency in the sector. The post Justin Sun quietly rescues TUSD after $456 million reserves become illiquid appeared first on Crypto Briefing.

Techteryx says it was the victim of what it called "large-scale fraud" rendering TUSD's stablecoin reserves stuck in illiquid investments made without its permission

The crypto market registered a marginal uptick over the past 24 hours despite several altcoins crashing on April Fools' Day. Despite the altcoin crash, the crypto market cap is up 0.50% and currently sits at $2.7 trillion.

This move brings enterprise-grade infrastructure to the Injective ecosystem. It makes it easier for developers to build, launch, and scale applications.

The crypto markets are consolidating after a small rise as the bulls face fatigue following a minor surge. Bitcoin price surged above $88,000 but has settled above $87,000 despite the rising bearish activity. On the other hand, Ethereum sustains above $2000, while memecoins display some strength as DOGE, PEPE, and FLOKI maintain a strong upswing.

TL;DR Google Cloud becomes an official validator for Injective to enhance the security and decentralization of the blockchain network. INJ gains access to advanced tools and educational resources through Google Cloud's Web3 portal, facilitating dApp development. Injective and Google Cloud launch a hackathon focused on AI innovation in financial applications.

Google Cloud has officially become a validator for Injective, an interoperable layer-1 blockchain, further strengthening the network's security and decentralization. The move aligns Google Cloud supporting Injective's (INJ) ecosystem, according to a company release.

Google Cloud is now a validator for the Injective network, boosting the blockchain's security, reliability, and credibility. The post Google Cloud Becomes a Validator for the Injective Network appeared first on Cryptonews.

Google Cloud's role as a validator for Injective could significantly boost blockchain security, decentralization, and developer innovation. The post Google Cloud becomes a validator for Injective blockchain appeared first on Crypto Briefing.

This update makes it easier than ever for Telegram users to dive into Injective without needing extra apps. Telegram's built-in wallet has already supported major cryptocurrencies like Bitcoin (BTC) and Toncoin (TON).

dYdX has announced its first-ever buyback program, committing 25% of protocol fees to buy DYDX on the open market. Based on last year's revenue numbers, that could amount to over 11M in DYDX purchased per year.

TL;DR dYdX has launched a token buyback program to strengthen network security and improve the utility of its native token. 25% of the protocol's monthly net fees will be allocated to token buybacks, with the tokens being staked to enhance the network's resilience.

dYdX, the decentralized perpetual contracts trading platform community, has officially launched the first-ever $DYDX Buyback Program, a major move for the protocol. The post dYdX Community Launches DYDX Buyback Program appeared first on Cryptonews.

DeFi protocol dYdX has announced the launch of a token buyback program. The protocol plans to spend 25% of its net protocol fees on buying back the DYDX token from the open market.

dYdX will begin monthly token buybacks with 25% of its annual net protocol fees via its Treasury SubDAO.

With 85% of DYDX tokens already unlocked, dYdX is rolling out a buyback program to pump value back into the ecosystem.

DYDX price has surged by nearly 9% after dYdX announced its new buyback program. The decentralized derivatives exchange will use 25% of the protocol fees to repurchase DYDX from the market.

Decentralized trading exchange dYdX has introduced a token buyback program to strengthen network security and enhance the utility of its native token, DYDX. According to a March 24 announcement, the protocol stated that it would allocate 25% of its net monthly fees to buy DYDX tokens from the open market.

Conflux says its security team has successfully patched the CREATE2 Opcode vulnerability with version 2.5 network upgrade.

The crypto market has made a strong start to the week, with cryptocurrencies registering substantial increases. As a result, the crypto market cap has jumped almost 3% and currently sits at $2.83 trillion.

DYdX is allocating 25% of protocol fees to the program, with active governance discussions on an increase to 100%.

Decentralized finance (DeFi) trading platform dYdX announced its first-ever token buyback program on March 24, aiming to reinvest in its ecosystem to enhance security and governance.According to the announcement, 25% of the protocol's net fees will be dedicated to monthly buybacks of its native dYdY (DYDX) token on the open market. Following the announcement, DYDX surged over 10% and was trading at approximately $0.731 at the time of writing, according to CoinGecko.

The crypto market rallied after the Federal Reserve decided to keep interest rates unchanged between 4.25% and 4.50% after the Federal Open Market Committee (FOMC) meeting. The Federal Reserve also stated it sees two rate cuts coming in 2025.

Conflux (CFX)Portal wallet will be removed from the Chrome plugin market due to security risks. Users are advised to switch to the Fluent wallet for enhanced safety and support.

This marks a game-changing moment in the world of DeFi. It offers users the ability to trade fully onchain stocks 24/7 with no middlemen.

Conflux (CFX) has issued a security alert warning users about phishing attempts by hackers impersonating official accounts. Users are advised to avoid suspicious links and remain vigilant.

Conflux (CFX) has announced the successful completion of its v2.5.0 network hardfork upgrade, ensuring enhanced stability and performance across its blockchain network.

dYdX updated its roadmap to prioritize faster transactions, stability, and a better trading experience, aiming for expanded assets and advanced features to attract more users The post dYdX Updates Roadmap for Faster Trading and Enhanced User Experience appeared first on Cryptonews.

Decentralized perpetual contracts trading platform dYdX has updated its near-term roadmap which details improvements focused on enhancing speed and user experience as well as rollout of new trading features.

dYdX has announced a new strategic roadmap aimed at strengthening its position in the decentralized derivatives market. With the rapidly evolving landscape, the team is prioritizing platform stability, enhancing user experience, and expanding available trading tools.

While altcoins record significant declines, the Zilliqa team has supercharged its community with a key announcement. The blockchain braces for a tokenomics overhaul as it ushers in Zilliqa 2.0 this week. The upgraded model will enrich the blockchain's infrastructure with lucrative Annual Percentage Rates for ZIL stakers and reduced inflation.

The omni-chain solution, which counts Brevan Howard and Hamilton Lane as early partners, is live on several chains.

The crypto market continued its upward trajectory, with the market cap increasing by over 4% to reclaim the $3 trillion mark. Most cryptocurrencies traded in positive territory, and Bitcoin (BTC) reclaimed the $90,000 level after an increase of nearly 6% over the past 24 hours.

The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump's crypto reserve announcement. Sunday's rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels.

Its subsidiary, Deutsche Telekom MMS, is now a validator for the Injective blockchain. This marks another milestone in merging traditional industries with decentralized finance (DeFi).

Deutsche Telekom MMS partners with Injective blockchain as a new validator, enhancing Web3 infrastructure. Partnership aims to improve enterprise adoption of blockchain technology, fostering true decentralization.

dYdX, the decentralized exchange (DEX) token, has witnessed considerable volatility over the years. After reaching its all-time high (ATH) of $4.53, it has struggled to regain its previous momentum, leading many to question its future potential.

Deutsche Telekom's subsidiary, MMS, has taken a bold step into the blockchain world by becoming a validator for Injective, an interoperable Layer-1 blockchain. This move strengthens Injective's network security and decentralization. It also marks another milestone in Deutsche Telekom's growing Web3 presence. This collaboration showcases a blend of traditional enterprise and cutting-edge blockchain technology.

Deutsche Telekom, a telecommunications giant valued at more than $180 billion, has strengthened its presence in the crypto and blockchain space by partnering with Injective. On Feb.

Deutsche Telekom MMS expands its Web3 footprint by becoming a validator for Injective, ensuring the blockchain's security, decentralization, and reliability for digital asset trading, tokenization, and payments. The post Deutsche Telekom Becomes a Validator for Injective appeared first on Cryptonews.

TL;DR Deutsche Telekom joins Injective as a validator, marking a significant step towards bridging traditional infrastructure with blockchain technology. The collaboration highlights Deutsche Telekom's commitment to Web3, expanding its involvement in the crypto space. This partnership strengthens Injective's position as one of the most efficient and institutional-friendly Layer 1 networks.