Tron(TRX) News: Beijing Court Clears Justin Sun in Defamation Case Against Sina

In a landmark ruling, the Beijing Internet Court has exonerated TRON founder Justin Sun from defamation claims made by Sina over a six-year period.

Beijing Court Rules in Favor of Justin Sun in Defamation Case

The Beijing Internet Court has ruled in favor of TRON founder Justin Sun in a six-year defamation case against Beijing SINA Internet Information Service Co. Ltd, the operator of finance.sina.com. The court determined that allegations published by Sina from 2017 to 2022, accusing Sun of insider trading and being under investigation by the IRS and FBI, were false. The verdict, issued on December 31, 2024, was not appealed by Sina by the February 26, 2025 deadline.

TRON Dominates $11.4B USDT Surge in Crypto Market

TRON (TRX) has emerged as a dominant force in the world of stablecoin transfers, processing a staggering $11.4 billion in USDT (Tether) transactions. Recent data from CryptoQuant reveals that the blockchain has processed 1.89 million transactions, accounting for a significant portion of stablecoin activity in the market. This surge in USDT transfers highlights TRON’s growing influence in the crypto space.

TRON Leads $11.4B USDT Surge

TRON (TRX) has seen a significant increase in USDT (TRC-20) transfers, reinforcing its position as the leading blockchain for stablecoin transactions. Data from CryptoQuant reveals that $11.4 billion worth of USDT has been transferred, with $1.83 billion sent to major centralized exchanges (CEXs). TRON has processed 1.89 million total transactions, making it a popular network for stablecoin transactions due to its efficiency and low transaction fees. The share of inflows through exchange (6.17%) underscores the importance of USDT transactions on TRON for market liquidity. Despite a 4.11% decline over the last 24 hours, TRX was trading at $0.2336 at press time, with a market capitalization of $20.12 billion.