Former President Donald Trump has officially entered the cryptocurrency space with the launch of World Liberty Financial (WLFI), a decentralized finance (DeFi) platform. The platform promises to provide financial services to underserved communities while raising concerns about potential conflicts of interest and legal challenges.
Paul Frambot, CEO of lending protocol Morpho, believes DeFi’s growth depends on fintech pioneers like Revolut and Robinhood. He sees these companies as key to attracting mainstream users and pushing DeFi beyond its current speculative state. Frambot highlights the potential for DeFi to revolutionize payment processing, offering an alternative to traditional systems.
Former President Donald Trump announced the launch date for his controversial cryptocurrency venture, World Liberty Financial, set to debut on X spaces next Monday. The announcement sparked debate, with concerns regarding potential conflicts of interest and criticism of the project’s political leanings. Meanwhile, Trump’s son, Eric, expressed enthusiastic support for the DeFi project, highlighting the growing interest in cryptocurrency.
Coinbase has launched Coinbase Wrapped BTC (cbBTC), an ERC20 token backed by Bitcoin held in Coinbase custody. This move aims to enhance Bitcoin’s utility within the DeFi ecosystem by allowing users to access Ethereum-based DeFi applications with their Bitcoin holdings.
Real World Asset (RWA) Oracles are bridging the gap between physical assets and the blockchain, paving the way for a future where everything from real estate to commodities can be tokenized and traded on decentralized platforms. This article delves into the history, functionality, and impact of RWA Oracles, highlighting their growing significance in the evolving landscape of decentralized finance (DeFi).
Ether.fi has unveiled its new blockchain-based credit card, Ether.fi Cash, which allows users to spend fiat currency while using their crypto assets as collateral. The card offers 3% cashback on all purchases, no restrictions, and leverages Scroll’s Ethereum Layer-2 network for faster and cheaper transactions.
Core Foundation has introduced LstBTC, an ERC-20 liquid staking token pegged to Bitcoin, enabling users to earn daily rewards while maintaining the liquidity of their BTC. This innovative solution aims to address the long-standing challenge of choosing between staking and liquidity in the DeFi space.
Popular decentralized finance (DeFi) tokens, Aave and Uniswap, experienced significant price increases on Wednesday, driven by positive developments within their respective spheres. Aave’s collaboration with World Liberty Financial, a cryptocurrency venture backed by former President Donald Trump, and Uniswap’s settlement with the CFTC regarding illegal digital asset derivatives sales contributed to the surge. These developments highlight the growing interest in DeFi protocols and tokens, particularly with the involvement of prominent figures like Donald Trump.
Former President Donald Trump’s new cryptocurrency project, World Liberty Financial (WLFI), has outlined its ambition to solidify the US dollar’s supremacy through the mass adoption of dollar-pegged stablecoins. The project, which has garnered significant attention, aims to create a global settlement layer for the next century by utilizing stablecoins as a foundation.
Ethereum co-founder Vitalik Buterin has publicly stated his strong belief in ETH as a store of value, revealing that he holds roughly 90% of his net worth in the cryptocurrency. This statement comes amidst discussions about the Ethereum team’s reluctance to promote ETH’s monetary aspects. Buterin’s comment suggests a significant confidence in Ethereum’s long-term value proposition.
