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.

Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year; Huawei To Launch Metaverse and Web3 Alliance for East Asia; Tron Founder Justin Sun Becomes Top Holder Of Staked Ethereum Amid Shanghai Upgrade; DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank

Tron founder Justin Sun has become one of the largest holders of Lido Staked ETH (stETH), as per the recent on-chain data. Justin Sun has been actively staking Ethereum on the liquid staking platform Lido Finance ahead of the most-awaited Ethereum Shanghai upgrade in March.

Liquid staking protocol Lido Finance recorded its highest daily stake inflow on Saturday, with more than 150,000 ether (ETH) staked on the platform.

Lookonchain @lookonchain on Twitter: "Justin Sun staked 10,000 $ETH($16M) on @LidoFinance again just now. He currently staked 200,100 $ETH ($320M). And he received an income of 18.68 $ ETH within 24 hours, the APY is ~3.6%." 

Tron founder Justin Sun has staked millions in Ethereum (ETH) on Ethereum liquid staking platform Lido Finance ahead of the most-awaited Ethereum Shanghai upgrade in March.

Justin Sun told Nikkei Asia in an interview published Monday that cryptocurrency exchange Huobi Global is seeking to relocate its Asia headquarters from Singapore to Hong Kong. Sun, an advisor to the exchange, said on Twitter on Monday that the exchange is applying for a crypto trading license in Hong Kong, and will be launching a new Hong Kong exchange to serve local institutional investors and high-net-worth individuals. (forkast)

HuobiGlobal has announced that it's applying for a crypto trading license in Hong Kong.

Bankrupt crypto exchange FTX has warned its creditors against patronizing unauthorized debt tokens, including the Justin Sun-backed FTX User Debt Token (FUD).

Justin Sun Transferred 270M $USDC to Binance