Financial Times: Justin Sun’s Blockchain Tron to Seek Listing in the United States
According to the Financial Times, after U.S. regulators suspended their investigation, Justin Sun’s blockchain project Tron is seeking to go public in the United States. Two people familiar with the matter revealed that Tron will go public through a reverse merger with SRM Entertainment, a Nasdaq-listed company. The deal is orchestrated by Dominari Securities, a boutique investment bank based in New York that has ties to Donald Trump Jr. and Eric Trump. One source stated that the newly established joint venture will purchase and hold TRX, following a strategy similar to that of Strategy (formerly MicroStrategy). The source added that Eric Trump is expected to take a position at the company, which will be called Tron Inc. The deal will involve Tron injecting up to $210 million worth of token assets into the new company.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Citi: Besent May "Slash" Long-term Bond Issuance Next Month, 20-year US Treasury Issuance Could Be Directly Canceled
Citi published a research report indicating that US Treasury Secretary Scott Besant is highly likely to reduce the issuance size of long-term US Treasury bonds, and may even completely cancel the issuance of 20-year Treasury bonds.
Rising energy prices intensify inflation concerns; US Treasury yields increase again, with the 10-year rising to 5.25%.
Persistently high energy prices have intensified market concerns about the inflation outlook and reinforced investor expectations of further interest rate hikes by the Federal Reserve. After experiencing significant volatility earlier this week, U.S. Treasury yields are edging back toward recent highs.
Bastion Trading reports $78,263 SkyAI common share purchase
Bastion Trading, a 10% owner of SkyAI, bought 44,000 common shares at a weighted average price of $1.7787. Directly held common shares rose to 1,429,417 following the purchase. Indirect beneficial ownership disclosed at 2,940,075 common shares. Derivative exposure included 4,234,615 Pre-Funded Warrants, underlying common stock. Also held 5,384,615 Stapled Warrants, underlying common stock. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SkyAI Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000921895-26-002775), on October 09, 2026, and is solely responsible for the information contained therein.
Crypto prices
More
