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On April 2, 2025, Justin Sun once again set the crypto world abuzz. As reported by CoinDesk, Sun stepped in with a critical injection of liquidity to support TrueUSD (TUSD) amid a staggering $456 million reserve gap—averting a potential depegging crisis that could have rocked the stablecoin ecosystem. “Godzilla was destroying the city. I’m Ultraman—I came in and punched Godzilla to save everyone,” Sun told Hong Kong media outlet Sing Tao Daily, in his trademark flair. But behind the theatrics lies a much graver mission. Sun is taking on the alleged fraud by First Digital Trust (FDT) and its affiliated partners, urging Hong Kong regulators & and law enforcement agencies to take decisive measures to address these loopholes. “These assets are essentially public users’ money,” he said. “To protect users and uphold Hong Kong’s credibility as a global financial hub, I had to step in. The scale of the fraud shocked me. All fraudsters must be held accountable.” A Relentless Defender of Crypto Crypto has always been a volatile adventure. Bull runs feel like reaching for the stars, while crashes leave only wreckage. But in these uncertain times, Justin Sun has made it his role to keep the lights on. He’s not just a survivor—he’s a watchman. Someone who shows up when others hesitate. The Ethereum Showdown: Twice Tested, Never Broken Sun’s relationship with Ethereum has been nothing short of a saga. During the infamous May 19, 2021 crash, ETH dipped below $2,000 and Sun was inches away from liquidation. He repaid $300 million just in time to protect his 606,000 ETH position and threw in another $280 million to buy more ETH and BTC at fire-sale prices. “My assets were safe, but it felt like a bullet grazed my scalp. The wick was brutal,” he wrote on Weibo. It wasn’t just a trade. It was a battle of conviction. He shielded his own position while keeping the crypto dream alive. In 2024, ETH lagged in performance and Sun faced fresh rumors of massive losses and sell-offs. Instead of retreating, he proposed bold plans: Halt ETH Sales, heavily tax Layer 2 solutions, streamline foundation & optimize revenue. Wild? Maybe. But Sun has always married ambition with execution. Reviving HTX: From Burnout to Breakout Critics once joked that Sun “got burned” buying into HTX (formerly Huobi). When he stepped in as Global Advisor in October 2022, the market was reeling from FTX’s collapse, and centralized exchanges were under siege. HTX had lost ground—and users. Today, HTX is thriving. Trading volume and user activity are up, euro-stablecoin trading is on top three globally, and its CIS market share is dominant. It even made Forbes’ list of “Top 25 Most Trustworthy Crypto Exchanges of 2025.” The same exchange that once looked like a liability? Now a pillar of Sun’s empire. FTX Fallout: Standing in the Storm When FTX collapsed in November 2022, chaos swept the markets. Sun publicly pledged to support TRON-related tokens and HT assets with 1:1 redemption. He even told Bloomberg he was prepared to inject “billions” to help FTX, subject to due diligence. FTX ultimately folded, but Sun’s swift move bought time for users and preserved value within the TRON and HTX ecosystems. The Curve Crisis: DeFi Gets a Lifeline DeFi’s fragility was exposed again in 2023 when Curve Finance was hacked. Founder Michael Egorov faced possible liquidation on $100M in loans. As CRV tanked, Sun and allies stepped in, purchasing 72 million CRV for $28.8 million to shore up the protocol. He didn’t stop there—Sun launched a stUSDT pool on TRON, giving the ecosystem a boost. Some say it was strategic self-interest. But in a storm, does it matter who holds the umbrella, as long as someone does? Controversial but Unshaken Sun’s name always invites debate. Opportunist or idealist? Visionary or self-promoter? The truth probably lies somewhere in between. Yes, he’s bold. Yes, he’s ambitious. But when others flee, he steps forward. From converting $HT to $HTX, to partnering with WLFI on reserve-backed assets, Sun continues to bet on crypto’s long-term future. “I’m not here to make a quick buck,” he once said. “I want to build something that lasts.” Love him or not, in the darkest hours of Web3, Justin Sun has made a habit of showing up with a flashlight. The post Justin Sun: The Watchman of Web3 first appeared on HTX Square .
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Tether Won’t Try to Make USDT Comply With US Laws, `Needs` New Stablecoin: CEO
Tether pictures a long-term reality in which USDT is not offered in either the United States or Europe, Paolo Ardoino said Friday. Huobi blog
POLKADOT PRICE ANALYSIS & PREDICTION (April 4) – DOT Locates Support at $3.8 After a Week Drop, Will it Hold?
The past week has been painful for DOT as it took another downturn after witnessing a short recovery. It resumed drops and recorded a total loss of 13% in a week, although it is looking calm at the moment. DOT’s performance has been poor over the past months due to a bearish crossover into the new year. Luckily, it found a solid ground in March and recovered, but the bears countered the move in the late month and pulled the price lower. That led to a bearish start this month and the price declined, although the current low is still standing well. It recently found a layby and currently sits above $3.8. This price level may hold as support if the bulls defend well. Otherwise, we may see an extension in the existing bearish trend. Looking at the overall market structure on the micro-level, it appears to have reached an extremely oversold condition after losing over half of its value in over 90 days. As we can see, supply currently looks low due to an exhaustion in the selling. A resurge from the current trading level could trigger a fresh increase in the market. That may lure the bulls back in the market. But as it stands now, the bears still appear in charge despite showing weakness. If they mount pressure to resume selling, they must retake the recent low before considering a continuation. For now, they appear stuck in the next move. DOT’s Key Levels To Watch Source: Tradingview Advancing bearish, the $3.65 level is marked as key breakdown support. If that happens, the lower levels to watch for a dip would be $3.2 and $3. There’s no enough pressure from the bulls’ side as they try to step back. If they manage to push higher, they may reclaim this week’s $4.2 high with a potential surge to $4.7. A further push there could allow buying to reach $5.3 and maybe $6 in the future. Key Resistance Levels: $4.7, $5.3, $6 Key Support Levels: $3.65, $3.2, $3 Spot Price: $3.98 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Huobi blog
