Justin Sun's father, Weike Sun, was appointed Chairman of the Board, and Tron-affiliated executives were added to key board committees.

JUST IN: 🇺🇸 Crypto Czar David Sacks says the 'Genius Act' stablecoin bill "enhances consumer protection and extends US dollar dominance."

JUST IN: 🇺🇸 4 trillion JPMorgan meets with SEC crypto task force to discuss the "impact of existing capital markets moving to public blockchains."

The Binance SPK/USDT perpetual funding rate is currently -1.00%, and bears need to pay funding fees to bulls, indicating a high bearish sentiment in the market. AiCoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.