News

Foresight News reported that the chain abstraction stablecoin system River announced via Twitter that it has received a strategic investment of $8 million from Justin Sun to support integration within the TRON ecosystem and the deployment of River's chain abstraction stablecoin infrastructure. River connects cross-ecosystem assets and liquidity to TRON through satUSD, which can be minted at a 1:1 ratio with USDT, USDD, or USD1, and can also be backed by assets from different chains. satUSD will be used alongside USDT in stablecoin pools.satUSD will also be available for lending on JUST DAO. The integration scope includes application scenarios such as USDT, TRX, wBTC, BTT, JST, SUN, WIN, and NFT, with native sTRX staking yields as the initial entry point. River will launch Smart Vault and institutional-grade Prime Vault to provide yield opportunities for stablecoins, TRX, and core ecosystem assets on TRON.

BlockBeats news, on January 22, blockchain intelligence firm Elliptic's research indicated that the Central Bank of Iran obtained over $500 million worth of USDT last year. All confirmed USDT has now left wallets associated with Iran. The report suggests that the Central Bank of Iran may have used this stablecoin to support the price of the Iranian Rial. Elliptic co-founder and Chief Scientist Tom Robinson stated that leaked documents detailed purchases made through an entity called Modex, which he believes may be a cryptocurrency broker willing to transact with the Iranian government.

PANews reported on January 21 that, according to Arkham monitoring, Machi Big Brother (Jeffrey Huang) lost $4.16 million on Hyperliquid this week, pushing his total profit and loss to a new low of -$24.5 million. He currently holds $1.7 million in ETH long positions, with an unrealized profit of $6,800.