Tron to go public after US pauses probe into billionaire founder
Crypto billionaire Justin Sun’s digital asset platform Tron is set to go public in the US, merely four months after regulators agreed to pause a fraud investigation into several of his companies. The company will go public in a reverse merger with SRM Entertainment who’s stock immediately spiked 500%. There’s too much grift here to explain in a short writeup but lets just cover a few glaring examples quickly.
The deal is being orchestrated by Dominari Securities, a boutique investment bank in which Donald Trump Jr and Eric Trump are advisors.
For the two days before the SRM announcement, the company’s shares jumped 67%. 🤔
Justin Sun was the top holder of $TRUMP and World Liberty Fi
JPMorgan Files Trademark for JPMD
JPMorgan has filed a trademark application for a new crypto-focused platform called JPMD – a sign the bank could be pushing deeper into crypto markets after announcing it would allow bitcoin trading last month. The bank also recently allowed bitcoin ETFs to be used as loan collateral and was, according to the WSJ, considering launching a stablecoin in May. What’s this new crypto platform all about? Details are still sparse but according to the application filed on Sunday, JPMD will be "providing trading, exchange, transfer, and payment services for digital assets." Read more →
Coinbase seeking SEC approval for tokenized equities
In an interview with Reuters, Coinbase’s Chief Legal Officer stated that the company has engaged the SEC to allow the exchange to offer blockchain-based stock trading. While no firm to date has been granted approval for tokenized stocks, multiple are working on the concept such as Kraken with it’s recent xStocks and Robinhood’s attempt in Europe. Read more →
Obscure Chinese Stock Scams Dupe American Investors by the Thousands Link»
Shaquille O'Neal Agrees to Pay $1.8M to Settle FTX Suit Link»
Trump made over $57 million from World Liberty Financial's WLFI sales, new disclosure shows Link»
Arthur Hayes’ hot take on the CRCL IPO Link»
Over the past 30 days, Tron generated the second-highest revenue across all blockchains - only behind Solana Link»
