Trump-Backed Crypto Project Flounders: World Liberty Financial Raises Just 4% of Presale Target

World Liberty Financial (WLFI), a cryptocurrency project heavily promoted by former President Donald Trump, has experienced a disappointing start, raising only 4% of its presale target in the first 48 hours. Experts speculate that the project’s lackluster performance could be due to a combination of factors, including the non-transferable nature of the WLFI token and investors’ skepticism about its potential.

Trump-Backed Crypto Project Aims to ‘Make America Great’ with Dollar-Backed Stablecoins

World Liberty Financial, a decentralized finance (DeFi) project backed by former President Donald Trump, has proposed using dollar-backed stablecoins as the key to strengthening the US economy and making it a global financial powerhouse. The project’s team believes that stablecoins, with their stable value and 1:1 redemption feature, offer a safer and more accessible way to engage with crypto than speculative assets like Bitcoin.

Core Surpasses $300 Million TVL, Becoming the Largest Bitcoin Sidechain

Core, a blockchain platform enabling Bitcoin-powered decentralized finance, has become the largest Bitcoin sidechain in terms of Total Value Locked (TVL), exceeding $300 million. This growth is driven by features like non-custodial Bitcoin staking, which allows users to earn yield on their Bitcoin holdings. Core’s partnerships and upcoming liquid staking token, LstBTC, aim to further enhance liquidity and accessibility within its DeFi ecosystem.

Core Blockchain Sees Explosive DeFi Growth in Q2 2024

Core, a Bitcoin Layer-2 blockchain, experienced a surge in its DeFi TVL during the second quarter of 2024. This growth was driven by the launch of non-custodial Bitcoin staking, the success of its native DEX CoreX, and the introduction of yield-bearing Core BTC exchange-traded products (ETPs). These developments highlight Core’s commitment to unlocking Bitcoin’s potential and providing innovative investment opportunities.

Crypto Analyst Predicts Bull Market After Fed Rate Cut

Renowned cryptocurrency analyst Michaël van de Poppe has declared the beginning of a bull market, fueled by the Federal Reserve’s recent decision to cut interest rates. He is particularly bullish on Bitcoin, Ethereum, and DeFi, citing the potential for further rate cuts in the coming months and a stable unemployment rate as key factors driving the market upwards.

Scroll to Top