A joke about Wrapped Ethereum (WETH) depegging has briefly shaken the price of Ethereum and could catalyse a drop by ETH to the $1k support level.

Tron founder Justin Sun on Monday said he and Ethereum co-founder Vitalik Buterin will invest $2 billion into the WEF to recover the funds lost as wrapped Ethereum depegs with Ethereum. However, not many people realized that it is part of a joke about WETH going insolvent. Big names including Vitalik contributing to it caused a market-wide selloff in the crypto market.

Justin Sun, in a tweet posted on 25 November, announced that <a href="https://ambcrypto.com/?s=tron">TRON [TRX]</a> will collaborate with BNB soon. In lieu of this, TRON’s social mentions witnessed a massive uptick.

Cryptocurrency exchange Huobi has said rumors that it will merge with Poloniex are "categorically untrue."

The Poloniex crypto exchange owned by Tron’s Justin Sun could soon merge with Huobi, another platform also linked to Mr&nbsp;Sun.

Blockchain operator Tron DAO and Justin Sun, its billionaire founder, have applied to contribute capital to Binance’s industry recovery fund.

According to&nbsp;Lookonchain on <a href="https://twitter.com/lookonchain/status/1595788025379708934">Twitter</a>, Tron's founder Justin Sun withdrew 50 million BUSD from Binance and 7.4 million BUSD from Aave. Then deposited 58 million BUSD into Paxos Treasury.&nbsp; &nbsp;

His Excellency Justin Sun, Founder of TRON and Member of Huobi’s Global Advisory Board as well as Ambassador Extraordinary and Plenipotentiary, Permanent Representative of Grenada to the WTO, was in attendance at the Huobi’s Rebranded Brand Launch Event in Singapore on November 22, 2022. To help Huobi get back into the top positions in the industry and build a global Web3.0 gateway, Justin Sun proposed three major strategies for the company’s future growth: a global development strategy, technology drives development, and technology for good.

Huobi outlined plans to help re-establish the crypto exchange as one of the world’s biggest, roughly a month after its takeover.

The president of El Salvador, Nayib Bukele announced that El Salvador would start purchasing one bitcoin every day from Nov. 17. The announcement comes roughly three and a half months after the nation scooped up its last bitcoin in July 2022, buying 80 BTC at $19,000 per coin. El Salvador became the first country in the world to <a href="https://zycrypto.com/bitcoin-officially-becomes-legal-tender-in-el-salvador-country-secures-first-400-btc-purchase/">recognize bitcoin</a> as a legal tender in September 2021.&nbsp;