Latest news with #WLFI
Yahoo
an hour ago
- Business
- Yahoo
Eric Trump joins World Liberty Financial treasury company before WLFI token launch
Eric Trump joins World Liberty Financial treasury company before WLFI token launch originally appeared on TheStreet. There are Bitcoin treasury companies, and there are Ethereum treasury companies. And then, there is the treasury company that Eric Trump just joined – which is setting up to establish a treasury built around the token powering the Trumps' crypto project before it even begins trading. Today, ALT5 Sigma announced it would be raising $1.5 billion to establish a treasury strategy to buy World Liberty Financial tokens, and would add Eric Trump to its board, along with World Liberty co-founder Zach Witkoff. As Coinage has covered, the Trumps are now majority owners in the DeFi project they launched called World Liberty Financial. The project raised more than half a billion dollars via its WLFI token sale — and has since announced the token will soon be tradeable. In an announcement, ALT5 Sigma said it plans to hold approximately 7.5% of the total supply of $WLFI tokens. The company, which was founded in 2018 and boasts a market cap of around $120 million, has been actively involved in crypto via its payments businesses. The Nasdaq-listed stock traded 6% higher Monday morning after the announcement, before flipping into the red to trade 14% lower in the afternoon. Trading activity in these publicly traded treasury companies have been sporadic during announcements. Even Sharplink Gaming, the Ethereum treasury company backed by Ethereum co-founder Joe Lubin, saw shares re-trace 90% just weeks after their announcement when they launched earlier this summer. World Liberty Financial has signaled that its WLFI tokens will begin trading soon, after a community vote approved unlocking them for early backers. Eric Trump joins World Liberty Financial treasury company before WLFI token launch first appeared on TheStreet on Aug 12, 2025 This story was originally reported by TheStreet on Aug 12, 2025, where it first appeared. Sign in to access your portfolio
Mint
2 days ago
- Business
- Mint
This cryptocurrency just led the weekend rally to a new four-year high — And it's not bitcoin
The cryptocurrency market experienced a significant surge over the weekend, with the second-largest digital asset, Ethereum (ETH), also known as Ether, leading the charge and outperforming its rivals, including Bitcoin. The rally was fueled by increasing demand from institutional investors and corporate treasury buyers, according to Bloomberg. Ether's price climbed as much as 2.9% on Monday morning in Asia, pushing its value above $4,300, its highest level since December 2021. The top-performing cryptocurrency and Ether's rival, Bitcoin, topped $121,000 to come within striking distance of a record high. A major driving factor for Ether's recent gains is the growing interest from large-scale investors. Data compiled by Bloomberg indicates that more than $6.7 billion has poured into the nine US-listed exchanged-traded funds (ETFs) for Ether this year alone. Additionally, the so-called digital-asset treasury companies, which are public entities that hold cryptocurrencies, have stockpiled around $13 billion of Ether so far, giving it a massive boost. This strong inflow into Ether over Bitcoin points to a 'massive positive sentiment shift' for the digital asset, said Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd, told Bloomberg. The bullish sentiment surrounding Ether is reflected in the options markets. Data from Deribit shows an overall put-call ratio of 0.39, indicating that most traders are betting on a price jump. The highest concentration of call options with a December 26 expiry is at $6,000, suggesting that many investors believe Ether has significant room to rise, Bloomberg reported. Eric Trump, son of US President Donald Trump, publicly praised the Ether rally on X (formerly Twitter). This comes as reports emerge of a Trump family-backed venture, World Liberty Financial (WLFI), planning to establish a public company that would hold its WLFI tokens. Ether has experienced its most significant monthly return in three years, rising by as much as 56%. This surge has been compared to the performance of '90s tech stocks, driven by substantial inflows into ETFs, according to crypto-exchange platform Binance.
The Hindu
2 days ago
- Business
- The Hindu
Trump-backed World Liberty proposes $1.5 billion crypto holder: Report
World Liberty Financial, a crypto venture backed by U.S. President Donald Trump's family, is sounding out investors for a $1.5 billion fundraising meant to set up a public company that will hold its WLFI tokens, Bloomberg News reported on Friday. The structure of the deal is yet to be finalised, the report said, citing people familiar with the matter, adding that large investors in the crypto and tech space had been approached for the venture. Reuters could not immediately verify the report. World Liberty declined to comment. World Liberty, a "decentralised platform" which counts Donald Trump and his sons as co-founders according to its website, has earned the family $500 million since its launch, according to Reuters' calculations. World Liberty tokens, known as $WLFI, are not classified as securities by the Securities and Exchange Commission and are hence not subject to the same level of scrutiny as investments like stocks.
Zawya
2 days ago
- Business
- Zawya
Trump-backed World Liberty proposes $1.5bln crypto holder, Bloomberg News reports
World Liberty Financial, a crypto venture backed by U.S. President Donald Trump's family, is sounding out investors for a $1.5 billion fundraising meant to set up a public company that will hold its WLFI tokens, Bloomberg News reported on Friday. The structure of the deal is yet to be finalised, the report said, citing people familiar with the matter, adding that large investors in the crypto and tech space had been approached for the venture. Reuters could not immediately verify the report. World Liberty declined to comment. World Liberty, a "decentralised platform" which counts Donald Trump and his sons as co-founders according to its website, has earned the family $500 million since its launch, according to Reuters' calculations. World Liberty tokens, known as $WLFI, are not classified as securities by the Securities and Exchange Commission and are hence not subject to the same level of scrutiny as investments like stocks. (Reporting by Ananya Palyekar in Bengaluru; Editing by Mark Potter and Diane Craft)
Yahoo
2 days ago
- Business
- Yahoo
Trump-Linked World Liberty Seeks $1.5B for Public Crypto Holding Firm: Bloomberg
World Liberty Financial, the decentralized finance platform with ties to the Trump family, is said to be in talks with large investors to raise about $1.5 billion for a public company that would hold its WLFI tokens. The deal's structure, Bloomberg reports, is still under discussion. The company approached deep-pocketed investors in technology and crypto, the report said, citing people familiar with the matter. Last year, the firm outlined plans for a crypto-lending app and currently issues USD1, a dollar-backed stablecoin that was used to facilitate MGX's $2 billion investment in Binance. WLFI tokens, initially launched as non-transferable governance assets, are expected to become tradable The move would see World Liberty Financial join a growing number of cryptocurrency treasury firms, which have been issuing debt and equity to accumulate millions worth of various tokens. WLFI itself already has a diversified token portfolio. Trump has adopted numerous pro-crypto policies, having just this week signed an executive order letting 401(k) retirement plans invest in alternative assets, including private equity and cryptocurrency.
