Donald Trump and his sons launched their DeFi project, World Liberty Financial (WLFI), during a lengthy X Spaces session on Monday, but the event fell short of expectations.
WLFI, led by Donald Jr. and Eric Trump, aims to provide accessible crypto lending and borrowing, targeting individuals often excluded by traditional banks.
The response from crypto investors was underwhelming. Many criticized the session for lacking detailed information about the platform’s operations and its target audience.
Additionally, the WLFI token will only be available to accredited investors, which some see as contrary to the project’s goal of financial democratization.
Despite the initial disappointment, WLFI plans to collaborate with Aave and issue a governance token for select investors. This partnership is intended to enhance its DeFi offerings, though the debut has been met with mixed reactions.
The SEC has sought a four-month extension in its investigation related to Coinbase, pushing the deadline to February 2024, just after the US presidential election.
DZ Bank, Germany’s second-largest financial institution, has teamed up with Boerse Stuttgart Digital to offer cryptocurrency trading and custody services across its network of cooperative banks.
Charles Hoskinson, founder of Cardano, will meet with Argentina’s President Javier Milei in October to discuss blockchain’s role in shaping future economies.
Binance has seen a sharp rise in interest from institutional and corporate investors, with a 40% increase in participation this year, according to CEO Richard Teng.