Meta is in the early stages of building a dedicated app for people to post text-based updates. The most remarkable aspect is that Meta plans for the network to be decentralized.

Huobi has set up a $100 million liquidity fund following a 90% flash crash of the exchange’s Huobi Token (HT) on March 9.

Earlier today, Justin announced plans to establish a liquidity fund with a $100 million investment aimed at further enhancing Huobi exchange's multi-currency liquidity.

Justin Sun is moving $60 million in USDT from one of his Ethereum wallets, after he promised to create a $100 million liquidity fund for Huobi in response to an extreme drop and then rebound in the HT token late Thursday U.S. time.

Justin Sun said the transfer is just normal practice of fund deployment.

At 3:45 pm, HT was trading at $4.70. By 4:10 pm, it was down to $1.83.

Attestations are also becoming difficult to come by as auditors abandon the crypto industry en masse.

Justin Sun, founder of the Tron blockchain and the man who runs the Huobi crypto exchange, is ready for that change. He said in a tweet Monday that Huobi would apply for a virtual asset service provider (VASP) license in Hong Kong under new requirements to operate that go into effect in June. If approved, the exchange would then launch Huobi Hong Kong.

Tron DAO (TRX) founder and Huobi Global adviser Justin Sun said regulations are beneficial for the crypto industry. and added that a globally unified rule would complement the spirit of blockchain in an exclusive interview he gave CNBC.

Justin Sun says he is “100% confident” that Hong Kong’s Securities and Futures Commission (SFC) will grant Huobi a Virtual Asset Service Provider (VASP) license.