Justin Sun, founder of cryptocurrency Tron (TRX), is reportedly planning to invest up to $1 billion in assets belonging to Digital Currency Group (DCG), which owns Genesis Trading and Grayscale Investments.

Meanwhile, crypto intelligence firm Arkham has reported that Alameda Research, a troubled cryptocurrency trading firm, has lost over $1 million in assets from liquidations, including $72,000 in liquidations on Aave earlier this month.

Additionally, Twitter has expanded its crypto price index feature by adding at least 30 additional tokens, allowing users to view the prices of individual tokens by searching for "$cashtags" on the platform.

 Top stories in the Crypto Roundup today:

• Tron Founder Willing to Spend $1 Billion on DCG Assets
• Alameda Research Loses $1 Million in Liquidations
• Twitter’s Crypto Price Index Feature Adds Additional Tokens

Tron Founder Willing to Spend $1 Billion on DCG Assets

Tron (TRX) founder Justin Sun is reportedly willing to spend as much as $1 billion on assets of embattled cryptocurrency conglomerate Digital Currency Group (DCG), which owns Genesis Trading and Grayscale Investments.

While Sun did not specify which assets he is eyeing, the entrepreneur said during an interview he would be willing to spend that amount “depending on their valuation of the situation.” Last week, the Financial Times reported DCG was looking to sell parts of its venture portfolio to plug the $3 billion Genesis owes creditors.

Genesis temporarily froze loan redemptions in November after the collapse of FTX and crypto hedge fund Three Arrows Capital earlier in the year. The firm warned of a possible bankruptcy without extra funding.

In the past, Sun has shown a willingness to acquire other companies when their financial performance was in question. The entrepreneur has invested in several firms, including Poloniex and Huobi.

Alameda Research Loses $1 Million in Liquidations

Troubled cryptocurrency trading firm Alameda Research has lost over $1 Million in assets from liquidations, according to crypto intelligence firm Arkham. The trading firm lost $72,000 in liquidations on Aave earlier this month.

Its wallet initially held 9,000 ETH, as well as $20 million in USDC and $4 million in DAI as collateral. In all, its total net balance was $15.2 million. Arkham found that the account was “forcibly reduced” and $1.2 million USDC were liquidated for 731 ETH.

Alameda’s wallet maintains a $1.1 million ETH short against $1.14 million USDC and a net balance of $300,000. Arkham’s reports notes that transactions out of the wallet were “made before and during liquidation.”

These movements indicate that “whoever was in control of the wallet either was unable to understand how to close out the positions, or was simply unwilling to.”

Twitter’s Crypto Price Index Feature Adds Additional Tokens

Twitter has expanded its crypto price index feature, which allows users to see the prices of individual tokens when they search for “$cashtags” on the microblogging platform, by adding at least an additional 30 tokens.

The new feature started rolling out late last year, with Bitcoin and Ethereum being the first cryptocurrencies available. Now, most of the top cryptocurrencies by market capitalization are included, such as XRP, ADA, MATIC, SOL, LTC, DAI, UNI, and DOGE.

Some top cryptocurrencies, including BNB, USDC, and LDO, are still not available in the new feature, despite their large market capitalizations. Twitter has said it will keep on adding new symbols over time.

State of the Crypto by Top Tier Exchange Volume

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