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Trump-Endorsed WLFI Token Raises $5M Despite Technical Issues.
Trump-endorsed WLFI token raises $5 million in its first hour, but technical issues and skepticism in the crypto community overshadow its launch.
World Liberty Financial (WLFI), a new DeFi token endorsed by Donald Trump, launched with a strong start, raising $5 million in the first hour. However, the project has faced technical issues that disrupted its operations. These problems have sparked skepticism within the crypto community, especially given Trump’s absence from the launch and concerns about the timing of the project.
WLFI was initially accessible only to whitelisted investors, with a goal of raising $300 million in its first round. Despite the strong demand, the token launch faced significant operational difficulties. The website went down, and transaction data showed problems with continuing sales. These technical challenges, coupled with Trump’s lack of presence during the launch, raised concerns about the project’s future and its ability to deliver on its promises.
Crypto leaders have voiced doubts about the project’s technical direction and timing, particularly so close to the election. Manuel Ferrari, Co-Founder of Money On Chain, commented that many investors would be better off investing in Bitcoin rather than participating in Trump’s DeFi project.
Another issue was the limited sales access. The first round was open only to accredited investors, which the SEC defines as individuals with a net worth exceeding $1 million or an annual income of $200,000. Despite this exclusivity, World Liberty struggled to process these sales smoothly, raising further questions about the project’s preparedness.
As of now, World Liberty’s website remains down, but on-chain data indicates that staggered transactions are still being processed. It remains to be seen if these technical difficulties will continue to affect the project, but the strong demand for WLFI suggests that interest remains high, even as the crypto community approaches the project with caution.
Trump-Endorsed WLFI Token Raises $5M Despite Technical Issues.
Trump-endorsed WLFI token raises $5 million in its first hour, but technical issues and skepticism in the crypto community overshadow its launch.
World Liberty Financial (WLFI), a new DeFi token endorsed by Donald Trump, launched with a strong start, raising $5 million in the first hour. However, the project has faced technical issues that disrupted its operations. These problems have sparked skepticism within the crypto community, especially given Trump’s absence from the launch and concerns about the timing of the project.
WLFI was initially accessible only to whitelisted investors, with a goal of raising $300 million in its first round. Despite the strong demand, the token launch faced significant operational difficulties. The website went down, and transaction data showed problems with continuing sales. These technical challenges, coupled with Trump’s lack of presence during the launch, raised concerns about the project’s future and its ability to deliver on its promises.
Crypto leaders have voiced doubts about the project’s technical direction and timing, particularly so close to the election. Manuel Ferrari, Co-Founder of Money On Chain, commented that many investors would be better off investing in Bitcoin rather than participating in Trump’s DeFi project.
Another issue was the limited sales access. The first round was open only to accredited investors, which the SEC defines as individuals with a net worth exceeding $1 million or an annual income of $200,000. Despite this exclusivity, World Liberty struggled to process these sales smoothly, raising further questions about the project’s preparedness.
As of now, World Liberty’s website remains down, but on-chain data indicates that staggered transactions are still being processed. It remains to be seen if these technical difficulties will continue to affect the project, but the strong demand for WLFI suggests that interest remains high, even as the crypto community approaches the project with caution.
Bitcoin accumulation fuels market uptick signaling potential surge in price.
As Bitcoin flirts with the $70,000 mark once again, the mysterious maneuvers of crypto whales are catching keen eyes. With their holdings swelling from 3.2 to 3.6 million BTC this year, these large players are no strangers to shaping market tides. Historically, their strategic acquisitions have paved the path for major price rallies. But what are their true intentions amid this latest demand surge? The patterns emerging now could signal... something big.
$BTC
As Bitcoin flirts with the $70,000 mark once again, the mysterious maneuvers of crypto whales are catching keen eyes. With their holdings swelling from 3.2 to 3.6 million BTC this year, these large players are no strangers to shaping market tides. Historically, their strategic acquisitions have paved the path for major price rallies. But what are their true intentions amid this latest demand surge? The patterns emerging now could signal... something big.
$BTC
Ripple’s $XRP Braces for Billions In Inflows as ‘Special’ ETF Bid Likely to Trigger Institutional Goldrush.
The recent approval of spot Ethereum $ETH ETFs by the U.S. Securities and Exchange Commission (SEC) has ignited a fervent debate within the cryptocurrency community about the future of similar financial instruments for other digital assets.
At the center of this debate is XRP, one of the most popular cryptocurrencies, which has become a focal point of speculation and discussion regarding the potential for an XRP ETF in the United States.
A recent poll by a prominent XRP community member on social media platform X highlighted a significant division in opinion. Of the respondents, 66% expressed confidence that an XRP ETF would be approved by 2025, while 34% remained doubtful.
The recent approval of spot Ethereum $ETH ETFs by the U.S. Securities and Exchange Commission (SEC) has ignited a fervent debate within the cryptocurrency community about the future of similar financial instruments for other digital assets.
At the center of this debate is XRP, one of the most popular cryptocurrencies, which has become a focal point of speculation and discussion regarding the potential for an XRP ETF in the United States.
A recent poll by a prominent XRP community member on social media platform X highlighted a significant division in opinion. Of the respondents, 66% expressed confidence that an XRP ETF would be approved by 2025, while 34% remained doubtful.
A Big Whale In Dogecoin ($DOGE ) Bought 2 Million Call Options For This Price Level – Does It Know Something?
A trader purchased two million Dogecoin (DOGE) call options. The options, with a strike price of $0.22, were approved by Bernd Sischka, Chief Commercial Officer of derivatives exchange PowerTrade.
As of now, DOGE is trading at $0.1649. For this transaction to turn a profit, the price of memecoin would have to increase by more than 31%. Call options will expire on June 14.
Options are derivative contracts that give the buyer the right to buy or sell an asset at a predetermined price before the contract expires. If the underlying asset fails to reach the strike price, the contract will expire worthless.
Dogecoin actually reached the $0.22 level during its rally in March. However, beyond this level has not been reached since November 2021.
Sischka shared his views on the current situation of altcoins. “Altcoins have lagged behind the recent rise in Ethereum. Most traders are observing what ETH is doing and predicting potential moves for altcoins,” he said. He also added that the approval of the ETF triggered the ETH rally. However, he believes Dogecoin's wild card is Elon Musk's use of the token as a means of payment on Twitter.
*This is not investment advice.
A trader purchased two million Dogecoin (DOGE) call options. The options, with a strike price of $0.22, were approved by Bernd Sischka, Chief Commercial Officer of derivatives exchange PowerTrade.
As of now, DOGE is trading at $0.1649. For this transaction to turn a profit, the price of memecoin would have to increase by more than 31%. Call options will expire on June 14.
Options are derivative contracts that give the buyer the right to buy or sell an asset at a predetermined price before the contract expires. If the underlying asset fails to reach the strike price, the contract will expire worthless.
Dogecoin actually reached the $0.22 level during its rally in March. However, beyond this level has not been reached since November 2021.
Sischka shared his views on the current situation of altcoins. “Altcoins have lagged behind the recent rise in Ethereum. Most traders are observing what ETH is doing and predicting potential moves for altcoins,” he said. He also added that the approval of the ETF triggered the ETH rally. However, he believes Dogecoin's wild card is Elon Musk's use of the token as a means of payment on Twitter.
*This is not investment advice.
Bitcoin Nears $69,000 as Key Resistance Levels Hold Steady
$BTC
Keith Alan, co-founder of trading resource Material Indicators, emphasized the importance of turning $69,000 into support.
Bitcoin stayed near key price levels into the May 26 weekly close, with weekend trading centering around $69,000.
Data from Cointelegraph Markets Pro and TradingView showed a strong performance by BTC/USD, which briefly surpassed $69,500 before consolidating.
Despite some market predictions for a weekend upside, resistance zones kept gains in check.
“As price is ranging around ~$69K, there’s some liquidity building up on both sides,” noted popular trader Daan Crypto Trades in his latest analysis on X (formerly Twitter).
“Most notably: $68.3K & $69.8K. Good levels to watch in the short term going into next week.”
An accompanying chart highlighted liquidity concentrations for the BTC/USDT perpetual swaps pair on Binance, the largest global exchange.
Across BTC order books, liquidity was increasing around the spot price, leading to lower volatility but raising the chances of a liquidity raid later.
Keith Alan, co-founder of trading resource Material Indicators, emphasized the importance of turning $69,000 into support.
BITCOIN/BLOCKCHAIN NEWS/CRYPTO NEWS TODAY
Bitcoin Nears $69,000 as Key Resistance Levels Hold Steady
Keith Alan, co-founder of trading resource Material Indicators, emphasized the importance of turning $69,000 into support.
BY MARK TRAVERS
MAY 26, 2024
Bitcoin stayed near key price levels into the May 26 weekly close, with weekend trading centering around $69,000.
Data from Cointelegraph Markets Pro and TradingView showed a strong performance by BTC/USD, which briefly surpassed $69,500 before consolidating.
A month after the #bitcoinhalving 'we're on our way to...
Despite some market predictions for a weekend upside, resistance zones kept gains in check.
“As price is ranging around ~$69K, there’s some liquidity building up on both sides,” noted popular trader Daan Crypto Trades in his latest analysis on X (formerly Twitter).
$BTC
Keith Alan, co-founder of trading resource Material Indicators, emphasized the importance of turning $69,000 into support.
Bitcoin stayed near key price levels into the May 26 weekly close, with weekend trading centering around $69,000.
Data from Cointelegraph Markets Pro and TradingView showed a strong performance by BTC/USD, which briefly surpassed $69,500 before consolidating.
Despite some market predictions for a weekend upside, resistance zones kept gains in check.
“As price is ranging around ~$69K, there’s some liquidity building up on both sides,” noted popular trader Daan Crypto Trades in his latest analysis on X (formerly Twitter).
“Most notably: $68.3K & $69.8K. Good levels to watch in the short term going into next week.”
An accompanying chart highlighted liquidity concentrations for the BTC/USDT perpetual swaps pair on Binance, the largest global exchange.
Across BTC order books, liquidity was increasing around the spot price, leading to lower volatility but raising the chances of a liquidity raid later.
Keith Alan, co-founder of trading resource Material Indicators, emphasized the importance of turning $69,000 into support.
BITCOIN/BLOCKCHAIN NEWS/CRYPTO NEWS TODAY
Bitcoin Nears $69,000 as Key Resistance Levels Hold Steady
Keith Alan, co-founder of trading resource Material Indicators, emphasized the importance of turning $69,000 into support.
BY MARK TRAVERS
MAY 26, 2024
Bitcoin stayed near key price levels into the May 26 weekly close, with weekend trading centering around $69,000.
Data from Cointelegraph Markets Pro and TradingView showed a strong performance by BTC/USD, which briefly surpassed $69,500 before consolidating.
A month after the #bitcoinhalving 'we're on our way to...
Despite some market predictions for a weekend upside, resistance zones kept gains in check.
“As price is ranging around ~$69K, there’s some liquidity building up on both sides,” noted popular trader Daan Crypto Trades in his latest analysis on X (formerly Twitter).
Crypto Advocate Warns Politicians ! ⚠️
$BTC
$ETH
$BNB
Bitcoin advocate Samson Mow has raised concerns about the rising political support for cryptocurrencies. He warns that without a proper understanding of Bitcoin’s unique traits, this enthusiasm might lead to future issues.
Mow's primary concern is that many politicians don't differentiate between Bitcoin and other cryptocurrencies. He stresses that Bitcoin’s decentralized, permissionless, and censorship-resistant nature makes it unique. Grouping all digital currencies under 'crypto' can lead to poor policy decisions and regulatory measures that don't address Bitcoin's specific needs.
Mow calls for regulations tailored specifically to Bitcoin. Treating it like other cryptocurrencies could hinder innovation and growth. He views Bitcoin not just as another cryptocurrency, but as a new monetary system with the potential to transform finance. Mow insists that regulations must recognize Bitcoin's distinct characteristics to ensure its sustainable development.
He acknowledges positive trends in the Bitcoin space, such as increasing support from some politicians and greater adoption by institutional investors. However, he cautions that challenges remain, especially in terms of regulatory clarity and consumer protection. Balancing innovation with consumer safety is crucial.
Mow's insights emphasize the complexities and challenges tied to the growing political interest in cryptocurrencies. He advocates for clear distinctions between Bitcoin and other digital assets to promote informed policy and supportive regulations.
His perspective on cryptocurrency regulation is crucial. His call for Bitcoin-specific rules underscores the need for policymakers to understand Bitcoin's unique aspects. Creating supportive frameworks while protecting consumers is essential. As political interest in cryptocurrencies grows, Mow's analysis reminds us of the importance of informed, nuanced policymaking in this fast-evolving field.
$BTC
$ETH
$BNB
Bitcoin advocate Samson Mow has raised concerns about the rising political support for cryptocurrencies. He warns that without a proper understanding of Bitcoin’s unique traits, this enthusiasm might lead to future issues.
Mow's primary concern is that many politicians don't differentiate between Bitcoin and other cryptocurrencies. He stresses that Bitcoin’s decentralized, permissionless, and censorship-resistant nature makes it unique. Grouping all digital currencies under 'crypto' can lead to poor policy decisions and regulatory measures that don't address Bitcoin's specific needs.
Mow calls for regulations tailored specifically to Bitcoin. Treating it like other cryptocurrencies could hinder innovation and growth. He views Bitcoin not just as another cryptocurrency, but as a new monetary system with the potential to transform finance. Mow insists that regulations must recognize Bitcoin's distinct characteristics to ensure its sustainable development.
He acknowledges positive trends in the Bitcoin space, such as increasing support from some politicians and greater adoption by institutional investors. However, he cautions that challenges remain, especially in terms of regulatory clarity and consumer protection. Balancing innovation with consumer safety is crucial.
Mow's insights emphasize the complexities and challenges tied to the growing political interest in cryptocurrencies. He advocates for clear distinctions between Bitcoin and other digital assets to promote informed policy and supportive regulations.
His perspective on cryptocurrency regulation is crucial. His call for Bitcoin-specific rules underscores the need for policymakers to understand Bitcoin's unique aspects. Creating supportive frameworks while protecting consumers is essential. As political interest in cryptocurrencies grows, Mow's analysis reminds us of the importance of informed, nuanced policymaking in this fast-evolving field.
Woman To Serve About Seven Years Behind Bars for Laundering Bitcoin Proceeds of $6,400,000,000 Fraud: Report
$BTC
A Chinese woman charged for her role in laundering the proceeds of a multi-billion dollar fraud scheme is now reportedly behind bars. According to Reuters, Wen Jian was sentenced to six years and eight months in prison on Friday after jurors found her guilty of one count of money laundering in March.
Prosecutors say that Wen converted Bitcoin ($BTC ) into cash and property to hide the source of money that was purportedly stolen from nearly 130,000 investors in a $6.4 billion wealth scheme that took place in China between 2014 and 2017.
The scheme is believed to have been masterminded by another woman who fled to Britain in 2017 after Chinese authorities started their investigation. Wen allegedly served as the front person who helped convert the stolen funds into Bitcoin to take them out of China.
Wen denied the money laundering accusations, saying she did not have knowledge of criminality linked to Bitcoin. She claims she was just trying to give her son a better life, but prosecutors say she should have known that the money was illegally obtained.
Judge Sally-Ann Hales says there is no indication that Wen was involved in the underlying fraud, but reportedly told the 42-year-old that “no doubt that you knew” she was dealing with criminal property.
The case involves one of the largest cryptocurrency seizures by law enforcement in the world. In 2021, British police officers conducting investigations seized wallets with over 61,000 BTC valued at around $1.8 billion at the time. The confiscated BTC is now worth around $4.2 billion at Bitcoin’s current price of $69,227.61
$BTC
A Chinese woman charged for her role in laundering the proceeds of a multi-billion dollar fraud scheme is now reportedly behind bars. According to Reuters, Wen Jian was sentenced to six years and eight months in prison on Friday after jurors found her guilty of one count of money laundering in March.
Prosecutors say that Wen converted Bitcoin ($BTC ) into cash and property to hide the source of money that was purportedly stolen from nearly 130,000 investors in a $6.4 billion wealth scheme that took place in China between 2014 and 2017.
The scheme is believed to have been masterminded by another woman who fled to Britain in 2017 after Chinese authorities started their investigation. Wen allegedly served as the front person who helped convert the stolen funds into Bitcoin to take them out of China.
Wen denied the money laundering accusations, saying she did not have knowledge of criminality linked to Bitcoin. She claims she was just trying to give her son a better life, but prosecutors say she should have known that the money was illegally obtained.
Judge Sally-Ann Hales says there is no indication that Wen was involved in the underlying fraud, but reportedly told the 42-year-old that “no doubt that you knew” she was dealing with criminal property.
The case involves one of the largest cryptocurrency seizures by law enforcement in the world. In 2021, British police officers conducting investigations seized wallets with over 61,000 BTC valued at around $1.8 billion at the time. The confiscated BTC is now worth around $4.2 billion at Bitcoin’s current price of $69,227.61
How Much $ETH Will Spot Ethereum ETFs Buy? Will Bitcoin’s $BTC Performance Be Seen? Bloomberg Analysts Explained.
Bloomberg ETF analysts James Seyffart and Eric Balchunas expressed optimism about the potential demand for spot Ethereum ETFs.
In an interview hosted by Bitwise, Seyffart stated that he expects Ethereum ETFs to see 20% to 25% of the demand experienced by spot Bitcoin ETFs. Balchunas estimates that demand will be around 15% to 20%.
Seyffart's estimate, which he calls a “discount,” is based on the fact that Ethereum's market cap is about 30% of Bitcoin's $1.4 trillion market cap. He attributes the difference in demand to the limitations of each product. Unlike Ethereum holders, Ethereum ETF investors will not be able to stake to generate returns. Additionally, Ethereum's advanced on-chain services will not be accessible to ETF investors.
The gap between Ethereum within an ETF and Ethereum itself is slightly wider than the gap between Bitcoin within the ETF and the actual Bitcoin,” Seyffart said.
Seyffart also noted that Ethereum futures ETFs, which currently hold only 12% of assets compared to U.S. futures ETFs, do not provide a “good proxy” for a prediction. However, Ethereum futures ETFs in foreign markets hold 20% to 30% of assets commensurate with Bitcoin futures ETFs.
Despite these limitations, Seyffart predicts spot Ethereum ETFs will have “major launches,” though not as large as spot Bitcoin ETF launches. “There will be demand,” he concluded.
Bloomberg ETF analysts James Seyffart and Eric Balchunas expressed optimism about the potential demand for spot Ethereum ETFs.
In an interview hosted by Bitwise, Seyffart stated that he expects Ethereum ETFs to see 20% to 25% of the demand experienced by spot Bitcoin ETFs. Balchunas estimates that demand will be around 15% to 20%.
Seyffart's estimate, which he calls a “discount,” is based on the fact that Ethereum's market cap is about 30% of Bitcoin's $1.4 trillion market cap. He attributes the difference in demand to the limitations of each product. Unlike Ethereum holders, Ethereum ETF investors will not be able to stake to generate returns. Additionally, Ethereum's advanced on-chain services will not be accessible to ETF investors.
The gap between Ethereum within an ETF and Ethereum itself is slightly wider than the gap between Bitcoin within the ETF and the actual Bitcoin,” Seyffart said.
Seyffart also noted that Ethereum futures ETFs, which currently hold only 12% of assets compared to U.S. futures ETFs, do not provide a “good proxy” for a prediction. However, Ethereum futures ETFs in foreign markets hold 20% to 30% of assets commensurate with Bitcoin futures ETFs.
Despite these limitations, Seyffart predicts spot Ethereum ETFs will have “major launches,” though not as large as spot Bitcoin ETF launches. “There will be demand,” he concluded.
Ethereum’s Balance on Exchanges Spikes Amid Possible Sell-the-News Event, According to Crypto Analyst
A widely followed crypto analyst says that Ethereum’s ($ETH ) balance on crypto exchange platforms is spiking amid a possible sell-the-news event. In a new thread, crypto trader Ali Martinez tells his 62,700 followers on the social media platform X that over the last two weeks, hundreds of thousands of ETH have been transferred to wallets
~ Source ~ dailyhodle.com
A widely followed crypto analyst says that Ethereum’s ($ETH ) balance on crypto exchange platforms is spiking amid a possible sell-the-news event. In a new thread, crypto trader Ali Martinez tells his 62,700 followers on the social media platform X that over the last two weeks, hundreds of thousands of ETH have been transferred to wallets
~ Source ~ dailyhodle.com
Historical Cycle Data Suggests Bitcoin Is Out Of The Danger Zone — Is Return To $73,000 Imminent?
Bitcoin has officially left the post-halving “danger zone” where there is a possibility of a drop below its range low, and is now headed for reaccumulation, according to a popular crypto strategist citing historical data.
$BTC $USDC $TUSD
Bitcoin has officially left the post-halving “danger zone” where there is a possibility of a drop below its range low, and is now headed for reaccumulation, according to a popular crypto strategist citing historical data.
$BTC $USDC $TUSD
Apple has denied being a “monopolist” and insisted it faces “fierce competition” in the tech...
$SOL Price Prediction for 2024: Experts Think Solana Can Cross $400 to Challenge Ethereum Dominance
Solana blockchain has already become the talk of the town in the cryptocurrency space, with its high throughput and low fees taken as a real Ethereum dominance challenger. As the industry approaches 2024, industry experts are very bullish on the prospects of SOL, its native token, for which some already think it could rise past
Solana blockchain has already become the talk of the town in the cryptocurrency space, with its high throughput and low fees taken as a real Ethereum dominance challenger. As the industry approaches 2024, industry experts are very bullish on the prospects of SOL, its native token, for which some already think it could rise past
$XRP vs SEC Legal Battle Heats Up, Will Price Feel the Burn?
XRP defies market weakness with a price surge, but can it overcome legal hurdles and sustain the rally?
XRP defies market weakness with a price surge, but can it overcome legal hurdles and sustain the rally?
#C98 is near to its resistant so I'm gonna take a short selling potion because we can clearly see the #BearishFlag as well as resistant. so I think the market will definitely go downward.
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