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Backer sues Trump-linked crypto venture for alleged extortion over WLFI tokens
business1 month ago

Backer sues Trump-linked crypto venture for alleged extortion over WLFI tokens

Justin Sun, founder of TRON, has filed a San Francisco federal lawsuit accusing the Trump family‑backed World Liberty crypto project of an illegal scheme to seize his WLFI tokens, freezing them and stripping his voting rights while threatening to burn them; Sun says he invested $45 million and that WLFI tokens were once valued above $1 billion, though their price has since fallen to under eight cents. World Liberty denies wrongdoing. The case comes as scrutiny grows around Trump-linked crypto ventures; Sun’s investment and the token’s governance rights are central to the dispute.

via BBC|
#business#justin-sun#lawsuit
Investor accuses Trump family’s crypto company of centralized control over accounts
business1 month ago

Investor accuses Trump family’s crypto company of centralized control over accounts

Justin Sun, a top investor in the Trump family’s crypto firm World Liberty Financial, accuses WLFI of centralized governance that allows unilateral account freezes, saying his holdings have been frozen since September. WLFI’s native token has slumped about 74% since August to around 8 cents, while its USD1 stablecoin remains widely traded. The dispute adds to ongoing scrutiny of the Trump-associated crypto ventures and follows prior SEC action against Sun.

via NBC News|
#business#cryptocurrency#justin-sun
Trump Family’s Crypto Windfall: $1.4B Gain Amid Steady $6.8B Net Worth
business4 months ago

Trump Family’s Crypto Windfall: $1.4B Gain Amid Steady $6.8B Net Worth

Bloomberg reports that in the year since Donald Trump took office, the Trump family has accrued about $1.4 billion from crypto-related ventures, roughly one-fifth of their total net worth, which Bloomberg estimates at about $6.8 billion. The gains are driven largely by World Liberty Financial (WLFI) and the Trump-backed World Liberty Markets, though the overall net worth is offset by declines in Trump Media & Technology Group. WLFI founder tokens are valued at about $3.8 billion but aren’t counted in Bloomberg’s wealth calculation because they’re locked. The report notes scrutiny over potential conflicts of interest as the family expands its crypto footprint and governance of the WLFI ecosystem.

via The Block|
#bloomberg#business#crypto
Weekly Crypto Market Highlights: Top Gainers, Losers, and Trends
cryptocurrency8 months ago

Weekly Crypto Market Highlights: Top Gainers, Losers, and Trends

The crypto market experienced significant volatility this week, with MYX Finance, Pump.fun, and Worldcoin leading gains, while Four, Cronos, and World Liberty Financial declined. Major cryptocurrencies like Bitcoin and Ethereum remained stable, and altcoins showed strong performances, but caution is advised as some tokens face resistance and potential pullbacks. Overall, the market is in a dynamic state with opportunities and risks for traders.

via AMBCrypto|
#cro#cryptocurrency#market-analysis
Justin Sun’s WLFI Saga and Bitcoin’s Potential Drop Below $50K
cryptocurrency8 months ago

Justin Sun’s WLFI Saga and Bitcoin’s Potential Drop Below $50K

Bitcoin may drop below $50,000 amid bearish signals, while Justin Sun urges WLFI to unfreeze his tokens. The week also saw major developments including interest rate cut forecasts, a $6.4 billion crypto treasury deal by Trump-linked media, and regulatory concerns over prediction markets. Additionally, a Bitcoin bear market is predicted to begin in October, and other crypto news highlights include recovery from a phishing attack and significant market movements.

via Cointelegraph|
#bitcoin#crypto-regulation#cryptocurrency
Trump family's crypto ventures boost wealth amid market turbulence
business9 months ago

Trump family's crypto ventures boost wealth amid market turbulence

World Liberty Financial has burned 47 million WLFI tokens in an effort to reduce supply and boost the declining token price, which has fallen over 31% since launch. The burn is part of a proposed buyback and burn program aimed at increasing scarcity and long-term ownership, amid ongoing market skepticism about crypto hype and institutional adoption. The launch has also caused Ethereum gas fees to spike, highlighting ongoing ecosystem challenges.

via Cointelegraph|
#business#cryptocurrency#price-boost
Trump Family's Crypto Token Surges, Boosting Wealth by $5 Billion Despite Market Fluctuations
business9 months ago

Trump Family's Crypto Token Surges, Boosting Wealth by $5 Billion Despite Market Fluctuations

A digital token launched by World Liberty Financial, co-founded by Donald Trump and his family, debuted at a price significantly higher than its initial sale prices, reaching up to 15 times higher despite a recent decline, with the token's value influenced by trading activity and governance proposals. The venture is linked to Trump, but the family has yet to cash in from the market debut.

via Forbes|
#business#cryptocurrency#market-debut
Trump Family Profits $5 Billion from Crypto Venture
business9 months ago

Trump Family Profits $5 Billion from Crypto Venture

The Trump family owns a significant stake in the crypto firm World Liberty Financial, with holdings valued at around $5 billion, making crypto a major part of Trump's fortune. The firm’s token WLFI has experienced volatile trading, and the Trump family benefits financially from its sales. The involvement has raised concerns about conflicts of interest, though the administration denies any wrongdoing. Regulatory scrutiny remains a key issue in the evolving crypto landscape.

via BBC|
#business#conflict-of-interest#crypto
Trump Family's Crypto Venture Boosts Wealth and Trading Volume
business9 months ago

Trump Family's Crypto Venture Boosts Wealth and Trading Volume

World Liberty Financial proposes using 100% of protocol fees to buy back and burn WLFI tokens to reduce supply and support the token's value, amid a 30% decline after launch and a large token unlock increasing circulating supply and holdings. The initiative aims to strengthen long-term holder confidence, but uncertainties remain about fee amounts and contingency plans.

via Cointelegraph|
#business#crypto-market#decentralized-finance
Trump-Backed WLFI Token Set for Major Unlock Amid Surging Derivatives and Binance Listing
business9 months ago

Trump-Backed WLFI Token Set for Major Unlock Amid Surging Derivatives and Binance Listing

Open interest in WLFI derivatives neared $950 million ahead of a partial token unlock, with trading volume surging over 535%, indicating strong market interest. The token's value could place it among the top 10 cryptocurrencies if prices hold, with significant trading activity on Binance and OKX. The unlock involves 20% of tokens purchased by early supporters, and the token is linked to the Trump family, with US President Donald Trump as a key advocate.

via Cointelegraph|
#business#cryptocurrency#derivatives
Trump-Backed Crypto WLFI Launches Amid Market Surge
business9 months ago

Trump-Backed Crypto WLFI Launches Amid Market Surge

A new crypto token backed by the Trump family, WLFI, is launching on September 1st, with a limited sell policy for early investors. The token's debut aims to test its market value, potentially placing it among the top-45 tokens, driven by the Trump name and strategic market management. The Trump family's significant stake and involvement in the project highlight its prominence in the crypto space, amid broader family ventures into digital assets.

via Bloomberg.com|
#business#crypto#tokens