About
WLFI
Ended--
Last price (USDT)
1.46M
24h total (USDT)
6.67M
Total vol (USDT)
2025-08-23 14:00:00 ~ 2025-09-01 12:30:00
Trading time (UTC+0)
2025-09-01 14:00:00 ~ 2025-09-01 18:00:00
Delivery time (UTC+0)
Total supply100.00B
Resources
Introduction
World Liberty Financial, Inc. is inspired by Donald J. Trump’s vision to pioneer a new era of Decentralized Finance (DeFi), with a mission to democratize financial opportunities and strengthen the US Dollar’s global status through US dollar-based stablecoins and DeFi applications.
WLFI proposes governance staking system and USD1 usage incentives
Trump family-backed crypto venture World Liberty Financial (WLFI) has proposed new measures to boost participation in governance through a staking system and incentivize the use of its stablecoin USD1. In its latest proposal on Wednesday, the team suggested governance votes should require holders to stake their tokens for at least 180 days to ensure “voting power is held by participants with long-term alignment to the protocol,” instead of “short-term holders or speculators.” Stakers would earn an annual percentage rate of 2% provided they participate in at least two governance votes during the lock-up period. Governance power would be based on the amount staked and the time left in the lock-up. Users with locked tokens can continue to vote as usual. Source: World Liberty Financial Incentives for USD1 usage on the table too WLFI has been trying to increase USD1 adoption since it launched through rewards programs and partnerships with institutional platforms and other protocols. As part of the staking system, the WLFI team said users who stake their tokens would also gain “additional benefits for USD1 usage,” with USD1 deposits made on the trading and lending platform WLFI Markets attracting unspecified “incentives” from the DeFi protocol Dolomite. At the same time, “Nodes,” holders with at least 10 million WLFI tokens, will gain access to providers who offer conversion of other stablecoins like USDC (USDC) and USDt (USDT) into USD1 at a 1:1 rate and can provide an off-ramp directly to fiat. “Super Nodes,” or holders with more than 50 million WLFI tokens, will also have access to the feature. World Liberty Financial is offering incentives for token holders to stake and participate in governance decisions. Source: World Liberty Financial For the vote to be valid, the WLFI team has set the bar at one billion voting tokens participating, with a majority voting in favor required for it to pass. CoinGecko lists over 27 billion WLFI tokens in circulation. If approved, the rollout will be in three phases: starting with staking rewards and USD1 deposit incentives, followed by the 1:1 conversion feature and lastly partnership access and a revenue-sharing framework for “Super Nodes.” Related: Stablecoin market dominated by USDC and USDT The total market capitalization for stablecoins is over $309 billion as of Thursday, according to DeFi aggregator DefiLlama. USDT has the largest market cap with over $183 billion and a market dominance of 59%. Circle’s USDC is the second-largest stablecoin by market cap, with $75 billion. WLFI’s USD1 is the fifth-largest stablecoin with a $4.7 billion market cap. Magazine:
New WLFI proposal: In the future, using unlocked WLFI tokens to participate in governance voting will require staking, with a minimum lock-up period of 180 days.
WLFI has proposed a governance staking system aimed at encouraging more users to participate in governance. According to the proposal, in the future, using unlocked WLFI tokens to participate in governance voting will require staking, with a minimum lock-up period of 180 days. The system will introduce a tiered node structure: ordinary stakers can receive about 2% annualized rewards; users staking 10 million WLFI (about 1 million USD) can become nodes and enjoy stablecoin exchange rights such as USDT, USDC, and USD at a ratio of 11:1; users staking 50 million WLFI (about 5 million USD) can become super nodes and gain direct cooperation opportunities with the WLFI team. The proposal requires a quorum of 1 billion WLFI voting tokens to be valid, with a voting period of 7 days. If approved, implementation will proceed in three phases.
Odaily Morning News
1. WLFI has proposed a governance staking system, requiring tokens to be staked for at least 180 days for voting; 2. US stock market closed with a strong rebound in the crypto sector, Circle (CRCL) surged over 35%; 3. "pension-usdt.eth" closed long positions in ETH and BTC, earning $1.16 million in profit, with total profits exceeding $25 million; 4. Jane Street set a record in Q4 by increasing its holdings of iShares Silver ETF and became the largest holder; 5. Vitalik's selling plan has been 94% completed, with 15,500 ETH sold since February 2; 6. An American politician was banned from using the Kalshi platform and fined for insider trading; 7. US media: US officials envision Israel attacking Iran first, with the US intervening after Iran retaliates; 8. Two senior executives from a16z had a lunch meeting with Republican senators to promote crypto market structure legislation; 9. Major crypto assets such as Bitcoin surged, and the "10 o'clock sell-off" rumor paused after the Jane Street lawsuit; 10. Federal Reserve's Schmid: Inflation remains a key issue for the Fed.
WLFI unveils new proposal as it seeks to reset governance direction
World Liberty Financial [WLFI] has unveiled a new governance proposal on 25 February . It aims to reshape how participation, incentives, and decision-making function across its ecosystem. The proposal outlines a redesigned framework that links governance influence more closely to long-term participation. Also, it introduces new economic and operational roles within the WLFI network. It comes as WLFI continues to expand the footprint of its dollar-backed stablecoin, USD1, and refine the internal mechanics supporting that growth. What the new WLFI proposal introduces At the core of the proposal is a shift toward staking-based governance. Holders of unlocked WLFI tokens would be required to stake their assets for a minimum lock-up period. This will allow them to vote on governance matters, with voting power weighted by both stake size and commitment duration. Locked tokens would retain voting rights without requiring additional staking. The proposal also introduces a tiered participation structure, separating standard stakers from higher-level “node” participants. Larger, verified participants would gain access to features such as direct stablecoin conversion mechanisms and liquidity programs tied to USD1 distribution. Governance rewards, targeted at roughly 2% annually , would be contingent on active participation rather than passive holding. According to the proposal, the design intends to discourage short-term speculation, reward long-term alignment, and concentrate governance influence among participants with sustained exposure to the ecosystem. USD1 distribution and strategic incentives Beyond governance, the proposal places renewed emphasis on USD1’s distribution model. By tying certain stablecoin access and liquidity privileges to governance participation, WLFI appears to be formalizing a closer relationship between its governance token and its stablecoin strategy. The document frames this as a way to redirect value historically captured by intermediaries toward ecosystem-aligned participants, while also strengthening USD1’s competitive position against larger dollar-pegged stablecoins already dominating the market. Context from earlier token access challenges While the proposal is forward-looking, it arrives with historical context. Some WLFI tokenholders previously experienced extended lock-ups and delays in accessing their holdings. The situation is attributed at the time to operational and structural constraints rather than technical failures. The new proposal does not directly address those past issues. Still, they form part of the backdrop against which governance reforms are now being introduced. As a result, the market’s response is likely to hinge not just on the proposal’s design, but on how smoothly it is implemented in practice. What happens next The proposal is expected to move through WLFI’s governance process, where tokenholders will vote on whether to adopt the new framework. If approved, the changes would roll out in stages, with further technical and operational details to be released alongside formal implementation timelines. Final Summary WLFI’s proposal signals a shift toward governance models that prioritize long-term participation over short-term activity. The success of the reset will depend less on design and more on execution, following past operational delays.
Lime Co-Founder Brad Bao Hit with $100M CERE Token Fraud Lawsuit
Brad Bao, tech entrepreneur, investor and co-founder of electric scooter company Lime, has been named as a defendant in a federal lawsuit alleging a large-scale cryptocurrency fraud tied to blockchain project Cere Network, according to a complaint filed in the U.S. District Court for the Northern District of California. The civil suit, filed by investor Vivian Liu and her investment company, Goopal Digital Ltd., seeks $100 million in compensatory and punitive damages. 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It also includes claims of fraud, negligent misrepresentation, and breach of agreements. The complaint alleges that several individuals connected to the project participated in a coordinated scheme that misled investors about token lockups, fund usage, and the project’s financial integrity. Allegations Center on Cere Network Token Sales The lawsuit centers on San Francisco entrepreneur Fred Jin, founder and operator of Cere, a blockchain-based cloud data storage platform launched in 2019. Jin previously founded Funler, a mobile gaming company, and Bitlearn, an education-blockchain platform. Cere launched a native cryptocurrency, the Cere Token, designed for network transactions and to give token holders a governance role. The project raised roughly $43 million from more than 5,000 retail investors during the token sale in November 2021. The plaintiffs allege Jin promised that insider tokens would remain locked under a strict vesting schedule. Instead, the lawsuit claims insiders transferred tokens to exchanges, including HTX and KuCoin, and sold them aggressively in the weeks after launch. The token peaked at about $0.47 on its first trading day before crashing to roughly $0.06 by the end of 2021, a decline the plaintiffs attribute to the alleged insider selling that violated public vesting commitments. Bao’s Alleged Role as Board Member In crypto, a recognizable name can make or break a project’s ability to attract investment. According to the complaint, Brad Bao played that role at Cere Network. As a board member and Lime co-founder, his presence signaled credible leadership to investors. Plaintiffs allege Bao received director’s fees and an early CERE token allocation for his board seat. They claim he approved transactions that funneled investor funds into the personal accounts of Cere CEO Fred Jin and ignored accounting irregularities that any board member should have flagged. Bao’s legal troubles are not new. He has previously faced a fraud case involving the City of San Francisco and a lawsuit from venture firm Khosla Ventures over a failed $30 million acquisition deal. Claims of Fund Diversion and Offshore Routing According to the complaint, around $41.78 million in proceeds from token sales were routed through intermediary wallets and eventually moved into accounts and entities allegedly controlled by Jin and close associates. The filing references a network of entities across jurisdictions, including Delaware, the British Virgin Islands, Panama, and Germany. The plaintiffs further allege that an additional $16.6 million was withdrawn from corporate wallets and lost in speculative decentralized finance (DeFi) investments, raising additional concerns about internal financial controls and oversight. Disputed Token Promises and Market Manipulation Allegations Vivian Liu claims she was recruited in 2019 to both work for and invest in Cere Network based on assurances of token compensation and profit participation. The complaint states that Liu was allegedly owed 20 million tokens, while Goopal Digital Ltd. was owed 33.3 million tokens, together valued at around $25 million at peak market prices. The filing states that despite repeated requests, neither Liu nor her company ever received the promised allocations. The lawsuit also alleges that market conditions surrounding the token’s launch were artificially influenced. Plaintiffs claim that market-making firm Gotbit Ltd. was engaged to deploy automated trading bots that generated artificial trading volume. According to the complaint, this activity created the appearance of sustained market demand even as insiders were allegedly selling their holdings, obscuring the true level of downward pressure on the token’s price. Pattern Allegations And Legal Scope The complaint portrays CEO Fred Jin as having a recurring pattern of launching ventures, raising capital, and then moving on to subsequent projects, citing earlier initiatives such as Funler and Bitlearn prior to the launch of Cere Network in 2019. Plaintiffs argue that this alleged pattern forms part of a broader racketeering conspiracy underlying the case. Beyond Jin and Brad Bao, the lawsuit names several additional defendants, including Maren Schwarzer, Xin Jin, CMO Martijn Broersma, and director Francois Granade, as well as corporate entities Cerebellum Network Inc., Interdata Network Ltd., and CEF AI Inc. The complaint asserts multiple civil claims, including violations of RICO statutes, fraud, aiding and abetting fraud, negligent misrepresentation, and breaches of advisory and token sale agreements. CERE Price Collapsed The CERE token is now trading around $0.0027, a staggering drop of nearly 99.96% from its reported all-time high. Plaintiffs in the lawsuit describe the token as effectively “worthless” and allege that the project was largely abandoned after the early sell-off. Source: TradingView Why This Matters The case stands out for naming a high-profile tech figure on the board and highlights growing scrutiny of governance in token fundraising, including board oversight, vesting transparency, insider liquidity, and investor concerns over lockups, token allocations, and early-stage market practices. Its outcome could set a precedent, reshaping how crypto boards are held accountable worldwide. Explore DailyCoin’s hottest crypto news right now: People Also Ask: What is a crypto governance issue? Crypto governance refers to how decisions are made in a blockchain project, including protocol changes, fund allocation, and token distribution. Poor governance can create risks for investors. Why do early token distributions matter? Early token distributions can give founders or insiders significant control or financial advantage. Transparent policies help ensure fairness and reduce conflicts of interest. Can founders be held accountable for governance or fund mismanagement? Yes. Legal action can be taken if founders breach agreements, misrepresent facts, or fail to uphold fiduciary responsibilities. .social-share-icons { display: inline-flex; flex-direction: row; gap: 8px; border-radius: 8px; border: 1px solid #dedede; padding: 8px 16px; margin-bottom: 8px; } .social-share-icons a { display: flex; color: #555; text-decoration: none; justify-content: center; align-items: center; background-color: #dedede; border-radius: 100%; padding: 10px; } .social-share-icons a:hover { background-color: #F7BE23; fill: white; } .social-share-icons svg { width: 24px; height: 24px; } Market Sentiment 0% Neutral
UAE’s Regulatory Framework Attracts Institutional Stablecoin Builders
The United Arab Emirates built its reputation on physical infrastructure. Ports, airlines, sovereign funds, free zones. The country learned early that long-term competitiveness comes from building systems that attract capital and make it stay. Now that same philosophy is being applied to digital assets. While parts of the crypto industry continue to oscillate between exuberance and contraction, the UAE has taken a more deliberate route. Regulations were clarified early. Licensing frameworks were defined. And once the rulebook was written, builders were given room to execute. Among those builders is Saeed Al Fahim. From Industrial Portfolios to Onchain Architecture Saeed did not enter crypto through trading desks or token launches. His background is grounded in traditional enterprise. As part of one of the UAE’s established business families, he developed experience across automotive, real estate, and industrial procurement, overseeing portfolios that demanded operational rigor and careful capital allocation. 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Blockchain, in his view, is not a rebellion against the existing financial system. It is a tool for upgrading it. The efficiencies he once pursued in procurement, eliminating friction, improving data visibility, tightening controls, are now being translated into programmable finance. A Regulatory Environment Designed for Scale The UAE’s digital asset framework has become one of its strongest competitive advantages. Through Abu Dhabi Global Market and Dubai’s Virtual Assets Regulatory Authority, the country has created a structured pathway for tokenized assets and licensed virtual asset businesses. This clarity has allowed founders to focus on product design rather than regulatory guesswork. Tharwa’s stablecoin, thUSD, reflects that environment. It is backed one to one by a diversified portfolio that includes Sukuk, UAE real estate exposure, gold, and short duration sovereign instruments. Rather than functioning as idle collateral, these assets are selected for stability and productive capacity. An AI driven treasury system monitors macroeconomic conditions and portfolio risk in real time, adjusting allocations with an emphasis on resilience. The objective is not aggressive yield chasing. It is sustainable capital efficiency. Bridging Institutional Capital and Web3 One of Saeed’s defining advantages is proximity. Based in Abu Dhabi, Tharwa operates near sovereign wealth, regulated asset originators, and institutional banking partners. That ecosystem influences how products are designed. Audit transparency, risk parameters, and governance standards are not afterthoughts. They are embedded at the outset. Saeed’s approach also incorporates Sharia alignment, structuring returns around tangible asset productivity rather than interest based mechanisms. In a region where Islamic finance plays a central economic role, this expands participation while maintaining cultural coherence. The result is a model that sits comfortably between traditional capital markets and onchain infrastructure. Building for the Next Decade Crypto often rewards visibility and short term momentum. Saeed’s focus appears longer in scope. He speaks less about market cycles and more about durability. Less about speculation and more about systems. His thesis is that institutional adoption will not arrive because of enthusiasm alone. It will arrive when infrastructure feels familiar, regulated, and dependable. As tokenization accelerates globally, jurisdictions that combine regulatory clarity with credible asset backing are likely to lead. The UAE is positioning itself for that role. And through Tharwa, Saeed Al Fahim is helping shape what a disciplined, institutionally aligned version of digital money can look like when built with patience rather than hype. People Also Ask: What is a stablecoin? A stablecoin is a type of cryptocurrency designed to maintain a stable value, often pegged to a fiat currency or backed by real-world assets. How do asset-backed stablecoins work? Asset-backed stablecoins are supported by reserves like cash, bonds, gold, or real estate. These assets provide stability and ensure the coin can be redeemed at a consistent value. How do institutional stablecoins differ from regular cryptocurrencies? Institutional stablecoins are designed for regulated markets, often backed by tangible assets, and focus on transparency, compliance, and integration with traditional financial systems. .social-share-icons { display: inline-flex; flex-direction: row; gap: 8px; border-radius: 8px; border: 1px solid #dedede; padding: 8px 16px; margin-bottom: 8px; } .social-share-icons a { display: flex; color: #555; text-decoration: none; justify-content: center; align-items: center; background-color: #dedede; border-radius: 100%; padding: 10px; } .social-share-icons a:hover { background-color: #F7BE23; fill: white; } .social-share-icons svg { width: 24px; height: 24px; } Market Sentiment 0% Neutral
Trump’s administration holds a particular stance on cryptocurrency laws, while the crypto business owned by his family sees things differently.
Crypto Legislation Faces Challenges in Congress While a highly anticipated crypto bill remains stalled in Congress, the Trump administration has adopted assertive measures to revive its progress. These efforts have included pointed criticism of Coinbase, the leading crypto exchange, which withdrew its support from the legislation last month. Treasury Secretary Criticizes Crypto Leaders Recently, U.S. Treasury Secretary Scott Bessent has repeatedly targeted crypto executives, including Coinbase CEO Brian Armstrong, for their stance against the bill if its terms are unfavorable. Bessent has called these leaders “nihilists” and “recalcitrant actors,” even suggesting they relocate to El Salvador, as he remarked. Support for Coinbase at Mar-a-Lago Conference Despite the criticism, Armstrong received praise from the Trump family and their business associates during a recent crypto event at Mar-a-Lago. Zach Witkoff, CEO of World Liberty Financial—the Trump family’s crypto venture—commended Armstrong’s approach to the market structure bill, stating, “We applaud you.” During a public discussion at the World Liberty Forum, Witkoff expressed strong support for Armstrong, saying, “We’re super aligned.” Stablecoin Rewards at the Heart of the Debate Coinbase’s decision to step away from the bill was largely driven by changes in the legislation regarding stablecoin rewards. Stablecoins, such as USDC, are digital assets pegged to the U.S. dollar. Coinbase offers users interest—typically around 4%—on their USDC holdings. Traditional banks have opposed these programs, arguing they could make conventional low-yield accounts less appealing. World Liberty Financial’s Stablecoin Initiatives World Liberty Financial has launched its own stablecoin, USD1, which is central to its future plans. The company recently introduced the WLFI Markets app, enabling users to earn rewards, lend, and borrow against their USD1 assets. Additionally, World Liberty unveiled a platform that allows AI agents to autonomously spend USD1 online for tasks and investments. World Liberty also plans to launch a user-friendly app similar to Venmo, allowing stablecoin holders to exchange their assets for fiat currencies and transfer funds internationally. A key feature is that users can continue earning rewards on USD1 while utilizing it for various purposes. World Liberty Aligns with Coinbase’s Approach Given the ongoing debate in Washington over stablecoin rewards, it’s understandable that World Liberty is following Coinbase’s lead. “We are very much aligned with their way of thinking about this,” said World Liberty co-founder Zak Folkman to Decrypt, referring to Coinbase. “Brian’s been doing such a great job.” Controversy Surrounds Coinbase’s Withdrawal Coinbase’s decision to withdraw support for the market structure bill sparked controversy. When Armstrong made the announcement last month, it surprised both Congress and the White House. According to sources familiar with the situation, Trump administration officials were angered by the unexpected move. The sudden change prompted Republican lawmakers to postpone a crucial Senate vote on the bill that was scheduled for the next day. The vote has not yet been rescheduled, and many crypto policy experts in Washington now doubt the bill will pass before the midterm elections slow legislative activity. Ongoing Negotiations and Legislative Priorities The Trump administration has made passing the bill by spring a top priority. Despite tensions with Coinbase, the White House has recently held meetings with executives from Coinbase, other crypto firms, and banks to negotiate stablecoin yields. According to meeting participants, Coinbase’s influence is too significant to exclude from these discussions. Legal Status of Stablecoin Rewards If the market structure bill fails, rewards programs offered by Coinbase, World Liberty, and others would likely remain legal under provisions established by the GENIUS Act passed last year. Scrutiny of World Liberty Financial Since President Trump’s return to office, World Liberty Financial—co-founded by Trump in late 2024—has faced intense scrutiny and investigation from lawmakers. However, the company’s leaders maintain that they operate independently from the White House, as evidenced by their differing views on Coinbase and the market structure bill. “The truth is, we’re just as affected by what happens in Washington as anyone else,” Folkman explained. “We’re observing these developments from the outside, just like everyone else.”
Trump Faces Global Backlash as Court Ruling Stalls Trade Deals
A recent high court ruling on tariffs has rocked the international stage, prompting countries with newly signed trade agreements to push back against the United States. Instead of paying billions of dollars in tariff fees, these nations now see it as more sensible to invoke the court’s decision and threaten to cancel their deals with former president Donald Trump. Yesterday, the European Union halted approval of its latest trade pact for this very reason. Trump did not hide his frustration, and further comments from him are expected today. Cryptocurrencies Sway as Global Tensions Escalate As geopolitical tensions between the US and Iran intensify, Iran’s top officials—Hamaney among them—are reportedly preparing their successors and readying for potential conflict. In the financial realm, crypto markets have been equally volatile. Outflows from Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) persist. Despite institutional investors like Michael Saylor’s Strategy boosting their BTC reserves to 717,722 coins last week, the average buy-in remains well above spot prices, leaving MicroStrategy shareholders deep in the red. Cryptocurrencies Sway as Global Tensions Escalate What Lies Ahead for Crypto? Ethereum co-founder Vitalik Buterin appears to be making preparations for tougher times ahead as well, offloading a further $7.3 million worth of ETH over just three days following recent declines. Meanwhile, whispers about trading giant Jane Street’s involvement in the dramatic LUNA crash of 2022 have turned into formal legal action, suggesting a reckoning for the major market makers and investment firms behind the collapse is imminent. Market researcher ZachXBT announced plans to expose an insider trading case involving one of crypto’s largest players, with details set to emerge on February 26. The identity of the company is still under wraps, but speculation is mounting. If a firm with its own token, or one closely tied to tokens, is implicated, expect intense volatility in the market. Though rumors swirl around WLFI, some believe the scenario is just market manipulation via “Pumpfun.” Either way, clarity is expected by Thursday. On the regulatory front, the US Securities and Exchange Commission (SEC) has adjusted mandatory reserve ratios for brokerage firms holding stablecoins, dropping the requirement from 100% to just 2%. This major shift is likely to fuel even greater demand for stablecoins in the days ahead. What Lies Ahead for Crypto? The recent downturn in the crypto markets was hardly a surprise to insiders. Bitcoin was unable to push past the $72,000 resistance level, a move seen as absolutely necessary for any hopes of a bullish reversal. When it failed, the logical next step was a test of lower support levels. After slipping below the $69,000 mark, further downward moves saw Bitcoin breaching $66,000 and then $65,000. Most recently, it has tumbled past $63,000, with technical indicators suggesting that a test of $56,000 could occur soon. The market context right now seems much more suited to lower lows than new highs. The court’s decision on tariffs is proving to be a thorn in Trump’s side, but its effects are resounding further, dampening market sentiment across the board. There are now questions over whether countries will cancel agreements they made with Trump, whether the US and China will lock horns again, and if the EU will follow through on previous investment commitments after holding off on the trade deal. Trump has vowed to take tough action against trade partners resisting his tariffs or hiding behind court rulings. But with support for Trump waning—even some within the Republican Party are taking public positions against him as the midterm elections approach—there’s speculation that he might respond with greater aggression. The uncertainty, fear, and doubt generated by these developments is feeding directly into what is now a visually painful crypto market. “We’re watching a situation where Trump’s authority is being undercut by the court, leaving trade partners emboldened to reconsider their deals,” European Union officials explained, signaling that the current landscape is both unpredictable and precarious for market participants.
WLFI’s $0.106 under siege: Should traders brace for more losses?
World Liberty Financial [WLFI] formed a top around the $0.18 supply zone in late December. Since then, it has faced steady distribution, and the price was back at the $0.106 long-term support. The World Liberty Forum convened financial and crypto leadership at Mar-a-Lago. It was hosted by Eric Trump and Donald Trump Jr., and focused on tokenization strategy and capital-market integration. Rapper Nicki Minaj was a featured speaker at the event, where WLFI announced plans to tokenize revenue from Maldives resort loans, according to reports. More recently, the USD1 came under a “coordinated attack“, with the stablecoin briefly slipping below its $1 peg. The company reassured users that the depeg attempt failed and USD1 was trading at par once more. Bearish WLFI trend set to continue Source: WLFI/USDT on TradingView The Congressional investigation and forced market-wide selling in the first week of February saw WLFI drop below a three-month range. This range extended from $0.106 to $0.175. At the time of writing, the lows were under siege once again. The range lows were defended in recent weeks, and a bounce to $0.13 occurred. The bulls had no follow-up to this relief rally. The price action, volume trends, and the OBV showed that the buyers had exhausted themselves over the past week. The bounce to $0.13 saw the RSI retest neutral 50 and face rejection. This underscored the bearish momentum prevalent on the 1-day timeframe. The $0.966 local lows are likely to be tested in the coming days. Short-term WLFI prediction Source: WLFI/USDT on TradingView The short-term range lows just under $0.1 were likely to be tested soon. The $0.96-$0.99 was the nearby local demand zone that beckoned prices closer. Source: CoinGlass The long liquidations under the current market price agreed that the next move was likely to be bearish. However, the liquidation heatmap also highlighted the dense cluster of short liquidations at $0.13. If WLFI bulls defend $0.96 and the Bitcoin [BTC] bearish momentum sees temporary respite, traders need to be prepared for a short squeeze to, or just beyond, $0.13. Final Summary The World Liberty Financial token was trading within a 3-month range. Analysis of the lower timeframe trends showed that $0.96 was the immediate price target.
WLFI Price In Trouble as Whale Activity Spikes: Is More Downside Ahead?
Story Highlights WLFI price rejected from the 20-day EMA and declined for the third straight session today over 7%. A whale moved $664k worth of WLFI to Binance, raising selling concerns. WLFI price is flashing clear signs of weakness as sellers tighten their grip. The token has declined for three straight sessions, repeatedly failing to break above the 20-day EMA, while recent whale transfers to exchanges have added fresh selling pressure. The combination of price rejection and large on-chain movements is keeping sentiment cautious. With WLFI price struggling to regain momentum and distribution signals emerging, the key question now is: What’s next for WLFI price, a deeper correction or a surprise rebound? Whale Activity Raises Fresh Concerns: More Distribution Ahead? Recent on-chain data has amplified bearish concerns. According to Lookonchain, wallet address 0x5041 received 26.6 million WLFI tokens, valued at approximately $3.2 million, from a World Liberty Financial-linked wallet. Shortly after, 6 million WLFI tokens, worth around $664,000, were transferred to Binance. Wallet 0x5041 received 26.6M $WLFI($3.2M) from a @worldlibertyfi-related wallet 2 days ago, then deposited 6M $WLFI($664K) into #Binance 20 minutes ago.https://t.co/c3xbZSm8Sz pic.twitter.com/KcntGRTPlz — Lookonchain (@lookonchain) February 23, 2026 Large deposits to exchanges are closely watched because they often signal preparation for selling. While not every transfer leads to immediate liquidation, such activity typically increases short-term downside risk. The timing of this deposit aligns closely with WLFI’s recent price drop, reinforcing the distribution narrative. When whale movement and technical weakness appear together, markets tend to stay defensive. WLFI Price Structure Shows Continued Downtrend: Is $0.10 Breakdown Next? WLFI remains locked in a clear short-term downtrend. The token is currently trading around the $0.107–$0.110 range after multiple failed attempts to reclaim resistance near the 20-day EMA, positioned between $0.115 and $0.118. Each rejection at this moving average confirms that sellers remain in control. Instead of forming higher highs, WLFI continues to print lower highs, which keeps the bearish structure intact. Immediate support now sits near $0.10. If this level breaks, price could slide toward the $0.095 region, where previous demand emerged. A deeper correction may extend toward $0.090 if broader market weakness persists. On the upside, WLFI must close decisively above $0.118 to shift short-term momentum back to neutral. Without that reclaim, rallies are likely to remain corrective rather than trend-changing. The Relative Strength Index (RSI) is trading below the neutral 50 level, signaling that buyers lack strong control. At the same time, WLFI is not yet deeply oversold, meaning additional downside remains possible before a meaningful relief bounce develops. Outlook: Can WLFI Price Stabilize? WLFI remains under pressure as technical rejection and whale exchange deposits weigh on sentiment. If price fails to hold above $0.10, further downside toward $0.095 or even $0.090 could follow. For any recovery to gain credibility, WLFI must reclaim and sustain levels above $0.118, turning resistance back into support. Until that shift occurs, the trend remains tilted toward the downside, and traders are likely to stay cautious. Tags
Crypto Crash Today: Bitcoin Drop, Hack Attempt, and ETH Moves Explained
Story Highlights Bitcoin holds mid-$60K as Strategy buys more BTC, Bitdeer exits, and Peter Schiff warns of deeper downside toward $50K and below. Ethereum drops after Vitalik Buterin sells ETH, while WLFI hack attempt and SEC stablecoin rule add volatility. Crypto markets slipped into the red over the past 24 hours, with traders reacting to a mix of selling pressure, legal headlines, and a failed hack attempt that briefly rattled sentiment. Bitcoin is hovering in the mid-$60,000 range, but momentum has weakened. Bitcoin Under Pressure as Corporate Moves Diverge One of the biggest storylines today is the split in corporate behavior. Strategy Inc., formerly known as MicroStrategy, added another 592 BTC worth nearly $40 million. The company now holds 717,722 Bitcoin acquired at a total cost of $54.56 billion. The message from Strategy is clear: long-term conviction remains intact. But not everyone is doubling down. Mining firm Bitdeer sold its remaining 943 BTC and reduced its treasury exposure to zero as it pivots toward AI infrastructure. That rotation signals a different view on capital allocation and adds to short-term uncertainty. Economist Peter Schiff also weighed in with a fresh bearish warning, suggesting Bitcoin could fall below $50,000 and even revisit $20,000. His comments added fuel to an already fragile market mood. Ethereum Slides After Buterin Sells Ethereum dropped 5.7% after co-founder Vitalik Buterin sold 1,869 ETH over two days. The sale followed a larger liquidation earlier this month. While the transactions were reportedly pre-planned to fund ecosystem development and biotech initiatives, traders reacted quickly. In sensitive markets, even routine sales from high-profile figures can trigger defensive selling. Hack Attempt Adds to Market Nerves Adding to the chaos, World Liberty Financial (WLFI) reported a coordinated attack targeting its USD1 stablecoin. According to the team, attackers hacked several cofounder accounts, paid influencers to spread fear, uncertainty, and doubt, and opened large short positions to profit from the disruption. The attempt failed. USD1 maintained its peg thanks to its 1:1 backing and mint-and-redeem structure. Still, the incident contributed to broader nervousness across digital assets. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : , Regulation and Legal Shadows Regulatory headlines are also shaping sentiment. The SEC introduced a new stablecoin collateral rule allowing institutions to use stablecoins as higher-value collateral. Over time, this could unlock fresh institutional capital. At the same time, legal issues resurfaced as Jane Street faces accusations linked to the 2022 Terraform Labs collapse. Old wounds in crypto tend to reopen quickly, and legal uncertainty rarely helps short-term confidence. For now, though, markets are reacting more to risk signals than to growth stories. Until liquidity improves and volatility cools, traders are likely to remain cautious. Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Subscribe to News FAQs Why is Bitcoin price under pressure today? Bitcoin is weakening due to corporate treasury shifts, whale selling, legal headlines, and risk-off sentiment, reducing short-term momentum near $60K–$65K. Is Bitcoin showing signs of recovery or further downside risk? Bitcoin is holding key support, but momentum is weak. A true recovery needs stronger volume and liquidity; otherwise, deeper pullbacks remain possible. Can the crypto market recover after legal and security concerns? Recovery is possible if volatility cools and liquidity improves. Strong institutional demand and stablecoin stability could help restore confidence. Tags Crypto news
WLFI Price Drops After USD1 Shock — Can $35 Million In Whale Buying Trigger Recovery?
Back to the list WLFI Price Drops After USD1 Shock — Can $35 Million In Whale Buying Trigger Recovery? 12 m World Liberty Financial ($WLFI) is down nearly 8% over the past 24 hours, showing weakness after the $USD1 shock. The Trump-Family-linked stablecoin weakening triggered panic across the ecosystem, and its effects on the $WLFI price are still lingering. This drop comes at a critical time because $WLFI had been building a bullish breakout pattern. Now, with whales buying and selling pressure fading, the token sits at a decisive point. Mar-A-Lago Rally Fades As $USD1 Shock And RSI Divergence Trigger $WLFI Pullback $WLFI’s recent volatility began with the Mar-A-Lago crypto event. Between February 16 and February 18, the price surged 32%. This rally formed the cup portion of a cup-and-handle pattern, which is a bullish setup where price bounces, pauses, drops, and then attempts a breakout. However, warning signs appeared before the drop. The Relative Strength Index (RSI), which measures momentum strength on a scale from 0 to 100, started rising between February 3 and February 18 even as $WLFI’s broader trend remained weak. This created a hidden bearish divergence. $WLFI Price Structure: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Hidden bearish divergence happens when momentum rises, but price fails to confirm strength. It often signals that a rally may fail and lead to a pullback. That pullback intensified after $WLFI’s stablecoin, $USD1, briefly weakened, possibly due to a coordinated attack. A coordinated attack was launched against $USD1 this morning. Attackers hacked several $WLFI cofounder accounts, paid influencers to spread FUD, and opened massive $WLFI shorts to profit from the manufactured chaos. It didn’t work. Thanks to $USD1’s sound mint-and-redeem mechanism… — $WLFI (@worldlibertyfi) February 23, 2026 Following this shock, $WLFI dropped about 17%, forming the handle portion of its pattern and erasing most of its recent gains. But the decline was not driven by broad investor selling, which is usually the case after such a sentimental trigger. Leverage Flush And $35 Million Whale Buying Reveal Hidden Accumulation The sharp drop was closely tied to leverage liquidation rather than long-term investors exiting. Leverage allows traders to borrow money to increase position size. The funding rate shows whether leveraged traders are betting on price increases or declines. By February 18, when the $WLFI price peaked amid positive Mar-A-Lago sentiment, open interest surged to nearly $245 million. After February 18, $WLFI’s funding rate turned negative while open interest dropped sharply. $WLFI Open Interest (Feb. 18)"> $WLFI Open Interest (Feb. 18): Santiment This combination confirms a leverage flush. A leverage flush happens when bullish positions are forcibly closed, causing rapid price declines without real selling from long-term holders. $WLFI Open Interest (Feb.24)"> $WLFI Open Interest (Feb.24): Santiment At the same time, whales began buying. The largest $WLFI holders, wallets holding over 1 billion tokens, increased their holdings from 8.23 billion to 8.56 billion $WLFI starting February 19. This means they accumulated about 330 million $WLFI. At current prices, that equals roughly $35 million in buying. $WLFI Whales"> $WLFI Whales: Santiment This accumulation happened while the price was falling, which usually signals confidence in future recovery. It also takes the blame away from spot dumping. Retail selling also appears to be slowing. Exchange inflows, which measure how many tokens investors send to exchanges to sell, dropped sharply. On February 19, inflows were 128 million $WLFI. They have since fallen to just 8.9 million $WLFI, down almost 93%. Lower inflows suggest fewer investors are trying to sell. Together, these signals show the World Liberty Financial token’s price drop was largely driven by liquidations rather than true investor exit. Sentiment Recovers, But Critical $WLFI Price Levels Now Surface Investor sentiment also reflects this shift. Positive sentiment around $WLFI had already been falling earlier this month as prices declined. It briefly recovered during the Mar-A-Lago rally but dropped again after the $USD1 shock. Since February 22, sentiment has started rising again from near zero levels. This recovery shows confidence is stabilizing as panic fades. Positive Sentiment Suffers: Santiment However, sentiment remains far below earlier highs seen in early February, around 21, and during the recent Mar-A-Lago rally, where the score hit 11. This mixed sentiment now reflects directly in $WLFI’s price structure. $WLFI now sits at a critical technical level. To confirm a breakout, not just a recovery, the price must move above $0.125. This level represents the neckline of the cup-and-handle pattern. Breaking above it would confirm strength and could push $WLFI toward $0.166 and possibly $0.200 if buying continues. However, downside risks remain. If $WLFI falls below $0.101, the pattern would weaken significantly. A drop below $0.095 would invalidate the bullish setup completely and signal deeper downside. $WLFI Price Analysis"> $WLFI Price Analysis: TradingView For now, $WLFI’s recent drop appears to be driven more by leverage liquidations than by true selling. Whale accumulation and falling exchange inflows show strong hands are still positioning. Whether this Trump-Family-linked token breaks out or breaks down now depends on whether buyers can reclaim key resistance and restore confidence after the $USD1 shock. The post $WLFI Price Drops After $USD1 Shock — Can $35 Million In Whale Buying Trigger Recovery? appeared first on . Latest news Kraken Bitcoin Exchange Vice President Points Out These Levels If Bitcoin Continues to Fall! Here Are the Details 17 m US Bitcoin and Ethereum ETFs See Over $250 Million Outflows 20 m Michael Saylor’s Strategy Shows $9.5B Unrealized Bitcoin Loss 21 m TRM Labs, Finray Technologies partner for crypto and fiat monitoring 22 m Hong Kong's RedotPay said to plan blockbuster $1 billion IPO in New York: Bloomberg 23 m Machi Big Brother Fully Liquidated as Losses Near $29 Million 24 m Top 5 Cryptocurrencies
XRP Price Outlook as Clarity Act Passage Odds Plunge to 53%
Back to the list XRP Price Outlook as Clarity Act Passage Odds Plunge to 53% coingape.com 17 m $XRP price retreated to $1.33 as Clarity Act approval odds dropped to 53%, raising concerns among traders. The $XRP continued its weekly decline moving below the critical level of support of $1.40, indicating the increasing bearish pressure. Latest news Canaan buys Cipher’s 49% of West Texas mining venture for $39.75 million in stock 2 m Bitcoin Price Sinks to New Weekly Low, Bulls Lose Key Support 14 m WLFI Price Drops After USD1 Shock — Can $35 Million In Whale Buying Trigger Recovery? 19 m XRP Key Levels to Watch as Structure Shifts Bearish 21 m XRP Could Follow One of Three Paths from Here Based on the 44 EMA 22 m Kraken Bitcoin Exchange Vice President Points Out These Levels If Bitcoin Continues to Fall! Here Are the Details 23 m Top 5 Cryptocurrencies
World Liberty Financial price tests $0.10 support as USD1 briefly depegs
World Liberty Financial price is testing the $0.10 support zone after USD1 briefly lost its peg amid claims of a coordinated attack. Summary WLFI fell to its lowest recent intraday level as USD1 briefly depegged. The team says no funds were compromised and the peg was quickly restored. The $0.10 level is now critical for short-term price direction. World Liberty Financial (WLFI) token was trading at $0.1084 at press time, down 4.8% over the past 24 hours, marking its lowest intraday level in recent sessions. The pullback adds pressure on the token, which had been trying to stabilize during the wider crypto market downturn. WLFI is still up 7.8% over the past week, but remains down 38% over the past month. Spot market activity has increased. WLFI recorded $192 million in 24-hour trading volume, up 27% from the previous day. In contrast, derivatives data from CoinGlass shows futures volume down 21% to $435 million, while open interest fell 8.6% to $255 million, suggesting some traders are trimming positions. USD1 briefly slips below peg The volatility followed a temporary depeg of USD1 on Feb. 23. The stablecoin dropped to around $0.994, a deviation of roughly 0.6%, with some exchanges briefly showing deeper dips during peak volatility. It recovered quickly, returning close to $1 within minutes to hours. WLFI described the episode as a coordinated attack. According to the team, several co-founders’ X accounts were compromised, misleading information was circulated online, and large short positions were opened against the WLFI token to benefit from panic selling. A coordinated attack was launched against USD1 this morning. Attackers hacked several WLFI cofounder accounts, paid influencers to spread FUD, and opened massive $WLFI shorts to profit from the manufactured chaos. It didn’t work. Thanks to USD1’s sound mint-and-redeem mechanism… — WLFI (@worldlibertyfi) February 23, 2026 In a public statement, WLFI said no smart contracts or user wallets were affected. The team attributed the fast recovery to USD1’s full 1:1 backing in U.S. dollars and cash equivalents, along with its mint-and-redeem design. Although the peg was restored quickly, the brief disruption appears to have weighed on the WLFI governance token. World Liberty Financial price technical analysis The daily chart shows WLFI retesting the $0.10–$0.105 area, a clear psychological support zone. Just above this level, a number of daily closes are clustered, suggesting short-term buying interest. WLFI daily chart. Credit: crypto.news The price is trading below the 20-day moving average and embracing the lower Bollinger Band. This configuration indicates short-term bearish control. The bands expanded sharply during the depeg event, reflecting a volatility spike. Structurally, the chart shows a sequence of lower highs and lower lows since the January peak near $0.18–$0.19. The current downward trend was confirmed by the breakdown below the previous consolidation support at $0.13. Near 40, the relative strength index is below neutral but not significantly oversold. Although a technical bounce is possible, momentum is in favor of sellers. Further declines toward $0.085–$0.09 could be triggered by a daily close below $0.10. With the 20-day average serving as the first upside test, a significant move regaining $0.11 and pushing the RSI back toward the 45–50 zone would indicate the possibility of a short-term recovery.
Trump's second son responds positively to "deleting WLFI tweet": Has always posted crypto-related content and attended the WLFI conference
According to Odaily, in response to previous community rumors that Trump's second son, Eric Trump, deleted tweets related to cryptocurrency and WLFI, Eric Trump has given his first direct response. He replied to crypto community users on the X platform, calling the person who posted the related content a "clown," stating that he has always been posting about cryptocurrencies, and that just two days ago he attended the World Liberty Fi conference. He also countered the doubts with "Don't be a fool."
WLFI plans to develop a tokenized luxury resort in the Maldives, while Trump’s "Peace Committee" explores launching a USD stablecoin in Gaza.
BlockBeats News, February 24, according to multiple sources, the Trump-supported crypto project World Liberty Financial (WLFI) plans to build a luxury resort with 100 beach and overwater villas in the Maldives, and will conduct tokenized financing during the project development phase. WLFI stated that this move will open up the "high-profit development returns" of early-stage commercial real estate development to token holders, and the related tokens are expected to provide investors with fixed returns and a share of loan income. Meanwhile, Trump's "Board of Peace" is exploring the launch of a US dollar-pegged stablecoin to support digital payments and financial services in the Gaza region. The plan is led by Israeli technology advisor Liran Tancman and involves the newly established technocratic government of Gaza (NCAG) and the "Board of Peace" in formulating a regulatory framework. This stablecoin will not replace the Israeli Shekel, but will be used to promote electronic payments and digital commerce in response to local infrastructure damage and limited cash flow.
World Liberty Fi reiterates that both WLFI and USD1 smart contracts and wallets have not been hacked
Jinse Finance reported that the Trump family crypto project World Liberty Fi once again clarified on the X platform that neither the WLFI nor USD1 smart contracts and wallets have been hacked. The previously disclosed incident only involved unauthorized access to the project co-founder’s X account, and did not target the wallet or protocol infrastructure. All smart contracts remain unaffected. All USD1 funds are still completely safe and reliable, with ample financial backing, and the infrastructure and team operations are fully in line with expectations.
Crypto Faces Insider Trading Revelations as ZachXBT Prepares High-Profile Exposé
Just as turmoil in the cryptocurrency markets shows no sign of abating, a new insider trading scandal looms on the horizon. Bitcoin is struggling to hold the $64,000 threshold, and prominent on-chain investigator ZachXBT has announced plans to unveil one of his biggest exposés yet on February 26. All signs point to a week of intense volatility and anxiety for the crypto sector. The Impending Exposé ZachXBT is a household name whenever a major crypto hack or scandal erupts. Widely considered one of the most skilled blockchain detectives, his reputation has even attracted the attention—and sometimes the unwanted scrutiny—of IRS agents seeking his expertise for training. On social media, ZachXBT highlighted the stakes of his upcoming announcement: The Impending Exposé The Suspicions Mount “A large-scale investigation into one of the crypto industry’s most lucrative businesses, where numerous employees have profited illicitly through insider leaks, will kick off on February 26.” Years ago, the public’s main interest in such revelations was pure curiosity or moral judgment. Now, however, anticipation of these exposés has developed into a trend with participants jockeying for better positions in prediction markets, eager to profit from the fallout. This shift reveals just how deeply speculation has permeated the world of digital assets. The Suspicions Mount Recently, the USD1 stablecoin faced heavy selling pressure, causing it to drop below its intended dollar peg. The Trump family is associated with the launch of this stablecoin, which once made headlines due to allegations involving half a billion dollars in bribes linked to the UAE. The trigger for the depegging appears linked to Eric Trump, who began deleting social media posts related to WLFI—a coin surrounded by intrigue. A crypto analyst known by the pseudonym Retardmode published screenshots of these deleted tweets, suggesting ZachXBT’s exposé could center on the WLFI/bonk project: “This is clearly about WLFI/bonk. Eric Trump deleting WLFI-related posts now is no coincidence. The Trump administration isn’t just accused of looting the treasury—they are also allegedly colluding with some of the worst actors in crypto, squeezing every penny they can.” Suspicion deepened when, a few hours after these revelations, WLFI issued an official statement claiming they were under coordinated attack: “This morning, USD1 came under a coordinated attack. The attackers hacked the accounts of WLFI’s co-founders, paid influencers to spread FUD, and opened major short positions against WLFI to profit from the ensuing chaos. Despite these maneuvers, the plan failed. Thanks to USD1’s robust peg and redemption mechanisms with full 1:1 backing, operations remain stable. No scammer can undermine the long-term commitment of the WLFI team and its founders to USD1. We urge users to rely only on verified channels for accurate information.” – @worldlibertyfi So, what comes next? ZachXBT is poised to drop his exposé on February 26, which could either confirm or dispel suspicions about the Trump family’s involvement. The recent surge of negative rumors around Binance suggests it too could feature in the forthcoming disclosures. As the world’s largest crypto exchange by trading volume, Binance is a frequent target for rivals seeking to exploit any perception of internal corruption, particularly if allegations of insider trading emerge. If such rumors intensify around WLFI or Binance in the days leading up to Thursday, further market losses could follow. Speculation has also spread regarding Binance’s alleged role in the roughly half-billion-dollar WLFI share sale conducted through USD1 in the UAE, adding another layer of risk to the unfolding drama. In the meantime, an extremely volatile meme coin dubbed USD0 has entered the market—its fluctuations closely tied to recent events and more alternatives likely to emerge if USD1 continues to struggle. The loss of USD1’s peg has triggered concern that it could become worthless, stoking even more uncertainty—and volatility—across the sector.
Report: Stalemate Over Cryptocurrency Legislation in the US Begins to Break: Significant Progress Made on the Clarity Act
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According to the White House, the disagreement between the parties regarding rewards associated with stablecoin usage has “narrowed significantly.” Patrick Witt, Executive Director of the White House Crypto Council, told the Crypto In America team at the ETHDenver event that the gap between crypto companies and bank representatives has significantly narrowed following a closed-door meeting last week. The biggest point of contention in the regulatory process is whether crypto firms can offer rewards tied to stablecoin usage. Banks argue that such rewards could trigger deposit outflows and pose a risk to the traditional financial system. Crypto companies, on the other hand, claim that overly restrictive rules would stifle innovation and give existing financial institutions an unfair advantage. On the crypto side, representatives from Coinbase, Ripple, and venture capital giant Andreessen Horowitz attended the meeting. The Blockchain Association and the Crypto Council for Innovation also participated. On the banking side, industry organizations such as the American Bankers Association, the Bank Policy Institute, and the Independent Community Bankers of America were present. The most notable outcome of the discussions was the effective abandonment of the long-standing cryptocurrency idea of offering returns on idle stablecoin balances. Instead, the debate narrowed to whether or not to offer rewards tied to specific activities, such as trading volume or network participation. According to banking sources, the “anti-evasion” provisions in the draft text could authorize agencies such as the SEC, Treasury Department, and CFTC to enforce the ban on idle balance returns. Violations of this ban would carry fines of up to $500,000 per day. Witt stated that they aim to resolve the dispute over stablecoin rewards by March 1st. He added that this timeline could be met if the parties continue negotiations in good faith. If an agreement is reached, the previously postponed Senate Banking Committee hearing could be rescheduled. While the final timing will be determined by Committee Chairman Tim Scott, it is stated that the process could move quickly once the draft text is finalized. Witt said that resolving the issue of stablecoin rewards could create a “domino effect” and significantly accelerate the process of market structure regulation.
Trump Family’s cryptocurrency project claims it was targeted by an ‘organized assault’
World Liberty Financial Thwarts Major Attack on Its Leading Stablecoin Photo Credit: Gabby Jones/Bloomberg World Liberty Financial, a digital asset company with backing from the Trump family, announced it has successfully defended its primary cryptocurrency, USD1, from what it described as a significant and organized assault. On Monday, USD1—a stablecoin pegged to the US dollar—temporarily dipped below its $1 value before recovering, according to CoinGecko. Stablecoins are designed to maintain a 1:1 value with the dollar, offering users a reliable means of exchange and a safe haven in the often turbulent cryptocurrency market. Top Stories from Bloomberg With a market capitalization of roughly $5 billion, USD1 is the inaugural offering from World Liberty Financial—a project established by Donald Trump Jr., Eric Trump, and the sons of White House special envoy Steve Witkoff. Former President Donald Trump is named as “co-founder emeritus.” According to an official statement on X, the attack involved hackers compromising several cofounder accounts, hiring influencers to spread fear and uncertainty, and executing large short positions on $WLFI to benefit from the resulting turmoil. USD1 gained significant attention in May 2025 when an Abu Dhabi investment fund announced plans to use the token to acquire a $2 billion stake in Binance, a major cryptocurrency exchange. Earlier this year, the Wall Street Journal revealed that an Abu Dhabi royal family member had reached a confidential agreement with the Trump family to purchase a 49% share in World Liberty for $500 million, just days before Trump’s inauguration. A spokesperson for World Liberty Financial clarified that neither President Trump nor Steve Witkoff were involved in this transaction or have participated in the company’s operations since taking office. USD1 can be exchanged one-for-one with US dollars, and its reserves—including short-term US Treasury securities and other liquid assets—are managed by BitGo Trust Co., which also issues the stablecoin. BitGo declined to provide a comment. In a statement released Monday, a World Liberty representative said, “Our top-tier engineering and security teams successfully fended off a multi-pronged attack today. Despite efforts by hackers and misinformation campaigns to erode trust in WLFI, our robust systems performed flawlessly. This incident further proves that USD1 is resilient and dependable, even under pressure.” Most Read from Bloomberg Businessweek ©2026 Bloomberg L.P.
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