The price of tron, the 18th-largest token by market capitalization, tumbled Friday amid tensions stemming from crypto exchange Huobi as the broader crypto market held steady. Justin Sun, who is the founder of Tron, sits on Huobi’s advisory board. The exchange said Friday it will cut its headcount by 20% and also closed internal staff communication channels to quell a rebellion, according to reports on Twitter. TRX fell nearly 8% in the past 24 hours, data shows. Huobi’s native HT exchange tokens have lost as much as 11% in the past 24 hours. Tron’s troubles come amid the crypto winter and ahead of the U.S. jobs report for December, which is due to be released at 8:30 a.m. ET on Friday.
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First Mover Americas: Sam's Seeking to Keep Control of Robinhood Shares - CoinDesk
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