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Author: Admin | 2025-04-28
World Liberty Financial (WLF)—which claims to be a decentralized finance (DeFi) project although it hasn’t done anything remotely DeFi to date, just sell its own WLFI’ governance’ token—used the hoopla to announce that it had exceeded its original sales target of 20 billion WLFI and thus it would issue “an additional 5% of our token supply” for sale to the public.The price of these additional five billion WLFI tokens was 5¢ apiece, a significant hike from the 1.5¢ price of the initial coin offering. As of Monday evening, total WLFI sales were now hovering just under 22 billion tokens.WLF has yet to reveal exactly how much cash it’s raised from these sales, but Arkham Intelligence shows WLF’s digital wallets now contain a variety of tokens worth over $333 million. Given that a Trump-owned entity gets 75% of all WLFI sales over $30 million, it’s safe to say Trump is having a good day.A good chunk ($45 million) of the new sales came from Tron founder Justin Sun, who last November bought $30 million worth of WLFI when it became clear that (a) the general public wasn’t interested in pushing WLFI over that $30 million profit threshold, and (b) this was a way to curry favor with the incoming president by putting money directly in his pocket.Showing they know how ‘you wash my back’ works, WLF announced they’d acquired $4.7 million worth of Tron’s native token TRX. The purchase was part of a $112.8 million acquisition spree that also saw WLF add $47 million worth of ‘wrapped’ BTC (another Justin-linked token), plus $4.7 million apiece of AAVE, LINK, and ENA. (The ’47’ theme was reportedly a tribute to Trump being sworn in as the 47th U.S. president.)WLF also bought $47 million worth of Ethereum’s ETH token. This was accompanied by reports that WLF had acquired the rights to several Ethereum-related domain names, including worldliberty.eth, trumpcoin.eth, erictrump.eth and barrontrump.eth.Hopefully WLF will get to hang on to these newly acquired tokens for a while. Recall that the technical principals behind WLF were previously involved with Dough Finance, a different DeFi project that lost $1.8 million via an exploit last summer. Are you tired of all the winning yet? If not, we suspect you will be shortly.Back to the top ↑Acting FDIC chair promises changesOn Monday, Reuters quoted Jeremy Allaire, CEO of the USDC stablecoin-issuer Circle, saying he expected Trump to “immediately” issue an order granting digital asset operators greater access to mainstream banking options. Crypto bros have long claimed to be the victim of a federal persecution intended to deny them banking access, even as Freedom of Information Act requests show this claim to be so much hot air.On Monday, Trump appointed Travis
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