News linked to both this project and an event.
According to on-chain analyst Ai Aunt (@ai9684xtpa), Sun Yuchen has withdrawn all 93.41 million USDT from the Spack USDT deposit pool. This amount previously accounted for 9.89% of the USDT single-pool deposit TVL and was fully deposited into HTX within the past half hour. Notably, Sun Yuchen also withdrew 10,417 USDC.
Chloe (@ChloeTalk1), a columnist for HTX DeepThink and researcher at HTX Research, analyzes that the current macro framework for the crypto market has shifted from “liquidity trades awaiting rate cuts” to a constraining environment characterized by “higher-for-longer interest rates + sticky inflation + war-related shocks.” According to the latest Reuters survey, most economists have pushed back their expectations for rate cuts to after September, with nearly one-third believing no cuts will occur this year. The primary reason is that the Middle East conflict has driven up energy prices, pushing inflation trajectories higher once again and thereby constraining the Federal Reserve’s policy space. This shift directly undermines the two key narratives previously supporting crypto assets: expectations of liquidity easing and a declining interest-rate path. Elevated oil prices, coupled with consecutive upward revisions to PCE inflation expectations, increase the likelihood that interest rates will remain high—or even extend their elevated period—leading to a higher discount rate and shrinking risk budgets. As a result, marginal capital inflows into the crypto market are diminishing, and high-volatility assets broadly face mounting pressure.
according to on-chain analyst Ai Yi's monitoring, over the past hour, Justin Sun (0x939...A1D1) withdrew a total of 120 million SPK tokens, claiming from both the SPK airdrop and Staking reward contracts, and subsequently deposited them into HTX, worth $5.51 million.
According to Arkham’s monitoring data, a whale attempted to withdraw 387,174 TRUMP tokens—worth approximately $1.11 million—from OKX 15 minutes ago. Four months ago, the same whale withdrew 920,001 TRUMP tokens from HTX. The whale currently holds over 1.307 million TRUMP tokens, valued at approximately $3.74 million.
Odaily News According to on-chain analyst Ai Yi's monitoring, Justin Sun withdrew another 50 million USDC from HTX last night. This means that over the past 8 hours, he has cumulatively deposited 105 million USDC into Spark. Combined with the previously deposited 53,665 ETH, the total value amounts to a staggering $174 million. Spark's USDC deposit pool TVL currently stands at $467 million, with Justin Sun's funds alone accounting for nearly 22.5%.
According to on-chain analyst Ai Aunt (@ai9684xtpa), Sun Yuchen withdrew 55.01 million USDC from HTX and subsequently deposited them into Spark. Since Aave was suspected of incurring bad debt, he has cumulatively deposited $179 million worth of funds into Spark.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), Sun Yuchen deposited 300 million JST tokens to the HTX exchange one hour ago, valued at approximately $22.8 million. JST is the native governance token of JustLend DAO, TRON’s lending platform. This marks Sun Yuchen’s first JST-related activity in a month.