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Haedal Protocol The Ultimate Place to Stake & Earn on Sui Haedal is a prime liquid staking protocol natively built on Sui. It allows anyone to stake their SUI tokens to contribute to the governance and decentralization of the Sui blockchain. In the meantime, users will get haSUI as the liquid staking token in return so that they can continue to participate in various DeFi activities to earn additional income with their LST liquidity. On top of its liquid staking protocol, Haedal is also building a series of wingman products including Haedal Market Maker and more, which generate continuous additional on-chain yields for Haedal and its LST ecosystem. Haedal serves as a core pillar of the Sui DeFi by merging native liquid staking and yield strategies with user-friendly accessibility. Our mission is to empower users to maximize capital efficiency through innovative liquid staking and algorithmic DeFi yield solutions, and build Haedal into the ultimate place to stake and earn on Sui.

Unveiling the Top 3 Cryptos Ready to Soar in 2024 The crypto scene never sleeps, and fresh opportunities are always emerging. Here are three standout coins making waves and worth a close look right now: 1. Aptos (APT) – Riding the wave of next-gen blockchain technology, Aptos offers high-speed transactions with scalability and security. Its growing ecosystem and strong developer backing make it a prime candidate for serious gains. 2. Sui (SUI) – A newcomer with a focus on user-centric smart contracts and decentralized applications. Sui’s innovative architecture promises efficient performance and has garnered rapid attention in DeFi circles. 3. Render Token (RNDR) – Bridging digital creation and blockchain, Render Token powers decentralized GPU rendering. With the NFT and metaverse content boom, RNDR’s utility is set to expand significantly. These coins combine cutting-edge technology with emerging use cases that could fuel substantial growth. While the market’s volatility demands caution, these rising stars have attracted smart money and may shape the next crypto chapter. Dive deeper into their fundamentals and ecosystem updates to gauge timing and alignment with your portfolio goals.

Unlocking Potential: 3 New Coins to Invest in Now As the cryptocurrency landscape evolves, savvy investors are always on the lookout for promising new assets. Here are three coins that show exceptional potential for growth: 1. Avalanche (AVAX): With its high throughput and fast transaction speeds, Avalanche stands out as a strong contender in the smart contract arena. Its unique consensus mechanism and increasing adoption make it a prime pick for those seeking growth. 2. SushiSwap (SUSHI): Originally a Uniswap fork, SushiSwap has transformed into a robust decentralized exchange with unique features like yield farming and staking opportunities. As DeFi continues to thrive, this token shows potential for significant appreciation. 3. The Graph (GRT): As the backbone for blockchain data queries, The Graph is becoming indispensable for decentralized applications. Its robust ecosystem and strategic partnerships position it well for future growth. These projects offer innovative solutions and vibrant communities, making them compelling options for your investment portfolio. Act now to tap into their potential before they take off!

TRON founder Justin Sun has issued an update on what he describes as a “$500 million fraud” involving misappropriated TrueUSD (TUSD) reserves. The alleged scheme centers around a web of individuals and entities linked to First Digital Trust (FDT), Legacy Trust, and ARIA Commodities, with funds reportedly flowing into financial institutions in Dubai. In his statement, Sun credited the newly launched Web3Bounty.io platform for advancing transparency in tracking large-scale fraud across the crypto ecosystem. He named five individuals allegedly involved: According to flow-of-funds data, over $565 million in TUSD fiat reserves was allegedly misappropriated between 2020 and 2022. Funds were routed via FDT and Legacy Trust into accounts controlled by ARIA Commodities DMCC and ACFF, with Finoport and Crossbridge Capital as investment managers. Related: Justin Sun’s $500M Bailout of TUSD Exposes Weaknesses in Hong Kong Trust Regulation The funds were funneled into at least four Dubai-based banks: Mashreq Bank, ADIB, Emirates NBD, and EFG. Sun called on the UAE government, regulators, and the banks involved to act swiftly “Banks must conduct internal reviews, freeze suspicious inflows immediately, and report them proactively,” said Sun. “Do not become enablers of criminal activity.” He added that he remains confident the UAE will take firm action and stand against financial crime in the Web3 era. Notably, this update comes after revelations in April that Sun had quietly provided emergency liquidity to Techteryx, the current issuer of TUSD, after nearly $456 million in reserves were locked in illiquid investments. Techteryx had acquired TUSD in 2020 and appointed FDT to manage its reserves. However, FDT allegedly diverted funds to Aria Commodities DMCC, which used them for unauthorized investments in assets like manufacturing plants and renewable energy projects. They failed to meet redemption demands when liquidity was needed. Related: ‘Smear Campaign’: First Digital Responds Forcefully to Justin Sun’s Attacks Court documents now outline claims of fraudulent misrepresentation and misappropriation of funds, though both FDT and Aria deny wrongdoing. TUSD has also faced additional challenges, including the collapse of Prime Trust and a U.S. SEC settlement tied to misleading marketing about its reserve backing. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.