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.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.
Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world.
A new report by the European Central Bank (ECB) reveals that digital payment methods continue to gain ground across the euro area, though cash remains a vital part of the consumer payment landscape — particularly for small-value transactions and person-to-person (P2P) payments.
Geopolitical conflict rattles markets, but history shows panic selling crypto in response is usually the wrong move.