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TrueUSD’s market capitalization is reported as $497 million on CoinGecko, $495 million on CoinMarketCap, and $502 million on the TrueUSD website. However, these numbers include up to $406 million TUSD tokens that Justin Sun-advised HTX has transferred to addresses that may be redemption addresses. Redemptions of TrueUSD involve clients sending funds back to specially designated redemption addresses that look a little strange. TrueUSD explained: “This address is very simple and contains many ‘0’s. This is intentional. You can redeem from any wallet (including exchange wallets) to this address, and all redemptions received by this address will be associated with your TrueUSD account.” Just over 100 days ago, HTX sent 80 million TUSD tokens to 0x7000000Cd0fc88461a74C9df0809B58E7F60ad34. This address appears to be one of the very simple addresses that would count as one of those redemption addresses.  There are also several other HTX transacti...

On August 9, BitGo announced that it was transitioning Wrapped Bitcoin (WBTC) to a new “strategic partnership between BitGo, Justin Sun, and the Tron Ecosystem.” The announcement continued that this partner would would “continue to provide real-time proof-of-reserves.” Despite specifically referencing the Tron ecosystem and promising that real-time proof-of-reserves would also continue, WBTC on TRON, as well as WETH on TRON, have been removed from the WBTC dashboard, meaning the proof-of-reserves for this token is no longer available. The dashboard no longer includes WBTC on Tron but still Features the versions on Ethereum, Base, Kava, and Osmosis. An on-chain review of WBTC on Tron doesn’t show any substantial changes in the supply recently. However, it’s not currently possible to verify the BTC that is meant to collateralize these tokens . Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose Read more: Coinb...

The Simon’s Cat price surged 18% in the last 24 hours to trade at $0.00003295 as of 4.30 a.m. EST on trading volume that dropped 1% to $132.4 million. The popular meme coin has seen a strong price performance, partially thanks to a new perpetual listing announced by HTX, which issued a CAT/USDT pair with up to 50x for long and short trades. MEOW, New Perpetual Listing! 😺#HTX adds $CAT/ $USDT perpetual futures with up to 50x for long & short trades. 🚀@SimonsCatMeme Details: https://t.co/VJMCDU1vqI pic.twitter.com/1mdwbR0bxw — HTX (@HTX_Global) September 13, 2024 Another big development from the project was announced two days ago by Binance’s BNB Chain, which said on X that Simon’s Cat became the latest winner from the second phase of BNB Chain’s Meme Liquidity Support Program. We're excited to announce the latest winner from the second phase of our Meme Liqudity Support Program! 🏆 The winner is: @SimonsCatMeme Here's ...