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.
Canary XRP ETF reported 212.6 million XRP, valued at about $305 million, as its latest holdings update followed a quarterly SEC filing. The trust’s disclosures showed rising token holdings, spot-only exposure, and valuation pressure tied to XRP’s price action. Canary XRP ETF Reports Expanded Holdings Canary Capital Group published holdings for Canary XRP ETF showing […]
The post What Comes Next for the CLARITY Act? Grayscale Flags Key Hurdles appeared on BitcoinEthereumNews.com.
Key Takeaways CLARITY faces several remaining hurdles after gaining Senate committee support in a 15-9 vote, Grayscale says. Lawmakers must combine it with another Senate crypto bill before resolving differences with the House version. Senate passage may require at least seven Democratic votes if Republicans stay united. CLARITY Act’s Next Phase Hinges on Consolidation Crypto asset manager Grayscale Investments shared on May 15 what comes next for the CLARITY Act after the Senate Banking Committee advanced the digital asset market bill in a 15-9 vote. Two Democrats joined Republicans, giving the measure bipartisan support before a more difficult full Senate process. Zach Pandl, head of research at Grayscale, noted: “The CLARITY Act has cleared a key hurdle in the Senate Banking Committee on a bipartisan vote.” That next phase starts with consolidation. CLARITY must be combined
Grayscale says the CLARITY Act faces several remaining hurdles after a 15-9 Senate committee vote gave the crypto market bill bipartisan momentum. The measure must now be merged with another Senate bill and reconciled with the House version. CLARITY Act’s Next Phase Hinges on Consolidation Crypto asset manager Grayscale Investments shared on May 15 what […]
Intesa Sanpaolo more than doubled its crypto exposure from $100M to $235M between Q4 2025 and Q1 2026. The bank entered Ethereum and XRP for the first time via BlackRock’s iShares and Grayscale’s XRP Trust ETFs. Intesa nearly exited Solana entirely, cutting holdings from 266,320 shares to just 2,817 in one quarter. Intesa Sanpaolo, Italy’s […]
The post Italy’s Top Bank Raises Crypto Holdings to $235M Amid Institutional Push appeared first on Live Bitcoin News.
Grayscale has submitted a second amended S-1 for its proposed spot BNB exchange-traded fund, a development Bloomberg ETF analyst James Seyffart says indicates active SEC engagement. Vaneck filed its own competing update on the same day. The Race for a Spot BNB ETF Grayscale’s second amended S-1 is the more significant development as it indicates […]
Grayscale, VanEck, and Canary Capital submitted updated crypto ETF filings, including BNB as SEC reviews continue across digital asset markets. The competition for a spot in a BNB ETF is growing stronger in the United States. Several large investment firms submitted updated filings to the U.S. Securities and Exchange Commission this week. These filings show […]
The post BNB ETF Race Speeds Up as Major Firms File New SEC Amendments appeared first on Live Bitcoin News.
The post TRX Price Prediction: Overbought Rally Eyes $0.40 But $0.30 Retrace Looms appeared on BitcoinEthereumNews.com.
Joerg Hiller
May 15, 2026 07:57
TRX sits dangerously overbought at 73.8 RSI while testing $0.36 resistance, signaling 65% probability of pullback to $0.30-$0.32 before any sustained breakout toward $0.40.
Market Context: Why TRX is Moving Now TRON has assembled one of the most compelling technical setups in crypto, riding a systematic climb from $0.30 to current levels near $0.35. The momentum stems from consistent accumulation above all major moving averages, with the 200-day SMA providing rock-solid support at $0.30. However, this rally is now bumping against critical overhead resistance at $0.36, where previous technical analysis from Blockchain.news identified key resistance zones that TRX has now reached. The derivatives market tells a nuanced story of retail euphoria meeting institutional caution. While retail traders are heavily long at 56.8%,
