World Liberty Financial’s $1.5B Public Entity for WLFI Tokens
World Liberty Financial, a cryptocurrency venture linked to the Trump family, plans to create a $1.5 billion publicly traded company focused on its WLFI tokens. Inspired by digital-asset firms like MicroStrategy, now known as Strategy, which has heavily invested in Bitcoin, this initiative aims to capitalize on the rising corporate interest in cryptocurrency.
WLFI Tokens Gain Tradability
Holders of the Donald Trump-endorsed World Liberty Financial (WLFI) governance tokens have overwhelmingly approved, with 99.94% in favor, to make their assets tradable. This decision enhances community involvement by enabling token holders to shape the project’s direction through peer-to-peer and secondary market trading.
Trump Media’s Bold $2 Billion Bitcoin Move
Trump Media and Technology Group, the force behind Truth Social, has committed $2 billion to Bitcoin and related securities. This strategic investment aligns with the U.S. House of Representatives passing significant cryptocurrency legislation, marking a key moment for digital assets in finance and politics.
WisdomTree’s Innovative USDW Stablecoin
WisdomTree has debuted the USDW stablecoin, a trailblazing financial instrument that allows investors to receive dividends on the blockchain. This product merges traditional financial advantages with the digital asset movement, creating fresh opportunities for investor gains.
Anchorage Digital Bridges Institutions and DeFi
After the GENIUS Act became law, Anchorage Digital launched a stablecoin platform to connect institutional investors with Ethereum’s DeFi ecosystem. This step highlights the growing institutional appeal of decentralized finance and stablecoins’ role in merging conventional and digital finance.
Stablecoin Market Expands Significantly
The stablecoin sector has seen a 61.5% surge in market capitalization over the last year, now standing at $266 billion. Clearer regulations in the EU and U.S. have fueled this growth, underscoring stablecoins’ increasing importance in the global financial landscape.
Bullish Crypto Exchange Targets NYSE Listing
Bullish, a cryptocurrency exchange based in the Cayman Islands, is gearing up for a U.S. IPO, aiming to list on the New York Stock Exchange (NYSE) as ‘BLSH’. This ambition reflects the broader acceptance of cryptocurrency platforms within traditional financial markets.
FTX Prepares for Creditor Distributions
The FTX bankruptcy estate is set to start paying out $1.9 billion to creditors from September 30. This follows the settlement of disputed claims, which trimmed the estate’s funds from $6.5 billion to $4.3 billion.
Divine Research Pioneers Unsecured Crypto Loans
Divine Research is transforming decentralized finance lending with unbacked loans, using Sam Altman’s World ID for authentication. This method introduces a new paradigm in crypto lending, diverging from traditional models.
SBI Holdings to Debut Japan’s First Bitcoin-XRP ETF
SBI Holdings, a top Japanese financial services firm, is launching Japan’s inaugural dual-asset cryptocurrency ETF, combining Bitcoin and XRP. This venture signifies a major advancement in incorporating cryptocurrency into conventional investment offerings.
