Sam Bankman-Fried stated that FTX always had enough assets to repay customers, claiming that the exchange was facing a Liquidity crisis rather than a real balance sheet shortfall. In a document dated September 30, 2025, SBF and his team argued that the 8 billion dollars that FTX owed to customers at the time of its bankruptcy in November 2022 "never disappeared."

AI today discovered: 1. The EU released its first draft regulation on artificial intelligence, which will impose strict regulations on high-risk AI systems. 2. OpenAI launched its latest language model GPT-4, which has significantly improved performance and sparked heated discussions. 3. DeepMind breakthrough! AlphaFold is expected to solve the protein folding problem, bringing revolutionary progress to drug discovery. 4. Silicon Valley giants join the "arms race" in artificial intelligence, with Amazon, Meta, and others investing billions of dollars. 5. The frenzy around artificial intelligence raises regulatory concerns, as the US plans to strengthen the regulation of AI systems.

Tron (TRX) is currently reported at 0.3095 USD in the Asian early trading on the 17th, with a daily pump of over 2%. Nasdaq-listed company SRM Entertainment (SRM) announced its name change to Tron Inc. as part of its shift towards the TRX financial strategy.

Justin Sun's father took a stake in SRM Entertainment for $100 million TRX, which will be traded on 7/17 under the TRON ticker symbol, transforming from toys and entertainment to crypto money management. SRM shares jumped 53% in a single day, and TRX rose more than 3%. Justin Sun also founded the TRX reserve company and served as a consultant.

SRM Entertainment, Inc. has rebranded as Tron Inc. and will trade under the ticker "TRON." This shift reflects a focus on managing a treasury of TRX tokens. The company claims to hold over 365 million TRX, experiencing significant stock price increases due to this strategy.

SRM Entertainment has successfully staked 365,096,845 TRX on JustLend, achieving up to 10% annual returns. Following a $100 million investment in TRON strategy, the company appointed Weike Sun as Chairman and plans to rename to TRON Inc. to focus on blockchain and digital assets.

SRM Entertainment’s stock price has gone parabolic, surging as much as 580% in just days after the company announced a reverse merger with blockchain heavyweight Tron, led by the ever-controversial Justin Sun. The move, which will see SRM rebrand as Tron Inc. and implement a $100 million TRX

In an unexpected twist that caught financial markets off guard, shares of SRM Entertainment Inc., a company listed on Nasdaq, skyrocketed by over 700%, while the price of Tron (TRX) surged by more than 9%. The dramatic moves have raised eyebrows across the investment world and sparked intense

Eric Trump has publicly denied any role in Tron’s proposed reverse merger with SRM Entertainment. This follows reports that he would hold an executive position in the newly formed entity. Details of The Deal On Monday, a Financial Times article claimed that Tron is preparing to go public in the

Justin Sun ( is preparing to list his blockchain platform Tron in the US through a reverse merger, directly acquiring a 100 million USD equity stake in SRM with TRX, and establishing a holding company dedicated to holding TRX tokens. Justin Sun's father, Weike Sun, has been appointed as the chairman of the board and is the sole investor in this case. SRM surged 533% yesterday in response to this news. )Tron plans to go public in the US, creating a holding company model for TRX similar to MicroStrategy( Investing 100 million TRX in SRM The toy and related items manufacturer SRM Entertainment Company stated in its report submitted to the SEC that it has reached a securities purchase agreement with a "private investor" for a $100 million equity investment. Headquartered in Florida, SRM Entertainment Company will change its name.

Tron is publicly listing its shares in the US as a reverse merger with SRM Entertainment. Eric Trump will assume leadership in the new firm, Tron Inc., which is connected to Trump crypto initiatives. TRX jumped to more than 27 cents as investors responded to the listing and the intention to

Tron is acquiring SRM Entertainment in a $100M equity deal that may serve as a reverse merger to take Tron public in the U.S. SRM will be renamed Tron Inc, and Justin Sun will join as an adviser, reflecting a major rebranding shift. The deal brings political and regulatory attention, especially d

The Financial Times broke out last night that TRON plans to list in the United States by way of a reverse merger, and it is rumored that Trump's second son, Eric Trump, will become a senior executive. However, Eric immediately denied it, but it did not affect SRM Entertainment's stock price to soar more than 5 times in a single day. (Synopsis: Justin Sun wants TRON to be listed in the United States!) TRON reverse merger SRM rapid IPO, Trump also has a share? (Background added: Justin Sun shouted: How about I push a TRX version of the microstrategy? The Financial Times reported on June 16 that Justin Sun's Tron is in talks with Nasdaq-listed SRM Entertainment for a reverse merger, with the goal of merging and renaming the new company Tron

Sun Yuchen's Tron is seeking to go public through a Reverse merger with SRM Entertainment, and will be renamed Tron Inc. after the transaction. With the shift in encryption policies, Sun Yuchen's relationship with the Trump family has grown closer, allowing him to rise rapidly in the Capital Market. This change marks his successful comeback from past regulatory pressures, showcasing a transformation of an era and new financial opportunities.

According to the Financial Times, Justin Sun's TRON is seeking to go public in the United States. Sources reveal that TRON plans to list through a reverse merger with the Nasdaq-listed company SRM Entertainment. If successful, the newly merged company will be renamed Tron Inc., becoming the first publicly traded company in the U.S. dedicated to holding TRX. (Background: Surpassing Ethereum! The issuance of USDT on the TRON blockchain has exceeded 75 billion, with Justin Sun creating a stablecoin giant.) (Additional context: Justin Sun suggests: How about I promote a TRX version of MicroStrategy? TRON's price drops 25%, ending the bullish trend.) According to the Financial Times, Justin Sun's blockchain project TRON plans to seek a U.S. listing through a reverse merger!

In a significant move within the cryptocurrency sector, Tron Inc., the parent company behind the TRX cryptocurrency, has revealed its plans to transfer a substantial amount of TRX tokens to its treasury. This strategic decision highlights Tron’s commitment to maintaining liquidity and stability in a

Justin Sun's Tron blockchain group plans to go public in the U.S. through a reverse merger with SRM Entertainment, as announced on Monday.

Raydium, Ondo, Golem Network, and Hyperliquid offer innovative solutions in DeFi and computational efficiency. Raydium combines AMM with Serum for liquidity, Ondo enables DAO governance, Golem provides decentralized computing, and Hyperliquid optimizes DeFi with perpetual futures. These projects are reshaping industries in the blockchain space.

Author: Jeff Albus, Blockworks; Translation: Baishui, Golden Finance The first part of this article can be clicked on "The Origin of Solana: How to Turn Ideas into Reality?" In 2021, Solana's ecosystem seems unstoppable as it expands at an astonishing pace. Funds are pouring into DeFi projects like Serum, Raydium, and Mango Markets. NFT markets like Magic Eden are beginning to compete with Ethereum rivals like OpenSea, and the network's transaction volume has reached a historic high. But behind this rapid rise lies a precarious dependence on Alameda Research and FTX. Both companies are run by Sam Bankman-Fried, who is now in prison.

Jump Trading subsidiary Tai Mo Shan is seeking $264 million in damages from Alameda Research for a credit agreement that never materialized. FTX lawyers argue that the claim is invalid because the credit never started. The developments revolve around Serum (SRM) tokens. FTX, Jump