Tuesday, March 18, 2025

Creating liberating content

Israel’s overnight attacks on Gaza stopped short of an immediate

NEW DELHI: Enforcement Directorate on Tuesday conducted searches against US

The White House on Monday (local time) took to social

Related News

Israel’s overnight attacks on Gaza stopped short of an immediate ground invasion, suggesting that its leaders may be waiting to gauge Hamas’s reaction before returning to a full-scale ground war,

NEW DELHI: Enforcement Directorate on Tuesday conducted searches against US billionaire George Soros backed firm Open Society Foundation in Karnataka’s Bengaluru.According to the officials of the probing agency, the searches

The White House on Monday (local time) took to social media to troll a recently deported doctor, as the Trump administration cracks down on illegal immigrations.In a post on X,

Tim Seifert went hammer and tongs at the start of the New Zealand chase against Pakistan. (Screenshot) New Zealand opener Tim Seifert delivered an impressive performance in the second T20I

European markets are heading for a higher open, with investor focus on the German government as it votes on historic debt reforms on Tuesday. The U.K.’s FTSE 100 index is

US President Donald Trump on Monday claimed that his predecessor, Joe Biden, used an autopen to grant presidential pardons. The Republican leader declared that all pardons given by Mr Biden

Trending News

MUMBAI: RBI has pumped in over Rs 5 lakh crore into the banking system since mid-Jan through bond purchases, forex swaps and early-April maturity repos. To ensure that liquidity remains

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Trent and Bharat Forge are the top

NEW DELHI: India’s trade deficit has narrowed to a 42-month low of $14 billion in Feb 2025, thanks primarily to imports slowing to $51 billion, data released by the commerce

US President Trump with PM Modi NEW DELHI: Amid US President Donald Trump’s tariff threats, India is engaging with the US to find ways of increasing trade and discussing the

Bajaj to buy out Allianz’s stakes in insurance joint ventures MUMBAI: In the biggest insurance sector deal in India, Bajaj group will buy out Allianz’s 26% stakes in their life

Foreign portfolio investors (FPIs) are on track for the worst-ever annual equity selloff in FY25 in rupee terms, driven by sustained outflows since October 2024. In the first two weeks

Trump World Liberty Financial crypto sold $550 million in tokens

Word Count: 328 | Estimated Reading Time: 2 minutes


The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. 

Gabby Jones | Bloomberg | Getty Images

President Donald Trump’s World Liberty Financial crypto project said on Monday that it raised $250 million in its second token sale, bringing the total amount of coins sold to $550 million.

WLFI, a venture backed by the first family that describes itself as a sort of crypto banking platform, launched in October, weeks before Trump’s election victory. In a document published at the time of launch, WLFI said the Trump family could take home 75% of net revenue.

In Monday’s release, WLFI said more than 85,000 participants underwent so-called know-your-customer verification to gain access to the token sale. Co-founder Zach Witkoff, son of billionaire U.S. envoy Steve Witkoff, is quoted in the release as saying that “WLFI is on track to supercharge DeFi,” or decentralized finance.

In January, Tron blockchain founder Justin Sun upped his stake in WLFI tokens to $75 million. A court filing the following month showed that Sun and the SEC were exploring a resolution to the regulator’s civil fraud case against the crypto entrepreneur.

WLFI is one of several crypto projects in the Trump family that are kicking off just as the president is pushing a crypto-friendly agenda. Earlier this month, President Trump signed an executive order to establish a Strategic Bitcoin Reserve.

According to a memo from the White House last week, David Sacks, the Trump administration’s AI and crypto czar, sold over $200 million worth of digital asset-related investments personally and through his firm, Craft Ventures, before starting the job. Sacks said in a podcast that he “didn’t want to even have the appearance of a conflict.”

At the end of February, the SEC declared that meme tokens are not securities. The announcement came after the president and First Lady Melania Trump launched their own meme coins in the days leading up to the inauguration.

WATCH: Trump’s bitcoin reserve leaves crypto investors disappointed

Trump's bitcoin reserve leaves crypto investors disappointed



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account