1. Roadside Society: Chinese cryptocurrency tycoon Sun Yuchen purchased $75 million worth of $TRUMP tokens, and subsequently, the U.S. Securities and Exchange Commission (SEC) suspended its ongoing civil fraud case against him.
2. Brother Sun is still the same Sun who cuts, and the stablecoin $USDD he strongly promotes has experienced a decoupling phenomenon, with the underlying collateral assets transitioning from $USDT to almost entirely $TRX, and the annualized interest rate dropping from 20% to 12%.
USDD has now issued $730 million, and aside from TRX, there is only $10 million worth of PSM-USDT in the collateral.
However, Brother Sun promised in his own tweet that it absolutely would not lose value, though he did not say it wouldn't decouple. #孙割