Author: Monicah W

XRP’s Consolidation Around $2 Could Trigger a Big Move: What’s Next for XRP?

Monicah W

XRP Price Analysis Bullish Momentum Builds with Ripple’s $1.25B Acquisition

The post XRP’s Consolidation Around $2 Could Trigger a Big Move: What’s Next for XRP? appeared first on Coinpedia Fintech News

XRP has regained market attention following the recent slash in Ripple’s penalty by the SEC. This has led to a rise in open interest for XRP, despite the overall market’s bearish sentiment. Several on-chain indicators have turned positive, suggesting that the current consolidation phase may be approaching its conclusion. Analysts anticipate a potential rebound in XRP’s price, led by increased accumulation around the $2 level.

XRP Faces $8 Million Liquidation Amid Consolidation

XRP’s price has been struggling to confirm a clear direction, as buying and selling pressure intensifies around the $2 mark. This has led to a period of strong consolidation on the price chart. Data from Coinglass shows that XRP saw total liquidations of approximately $8.07 million over the past 24 hours, with buyers taking the bigger hit, facing $6.58 million in liquidations. While sellers closed around $1.49 million in short positions.

The accumulation rate is extending as analysts revealed that the accumulation phase for the XRP price has been longer than in previous cycles, indicating that the market may just be taking more time to develop. As XRP continues its consolidated momentum, whales are also increasing their holdings. This might create a strong upward push if XRP breaks above.

Also read: SEC vs Ripple Update: Motion to Temporarily Suspend Appeal Granted; What Next for XRP Price?

Additionally, recent positive developments regarding the SEC vs Ripple lawsuit have had a positive influence on XRP price. According to a Wednesday update from lawyer James Filan, Circuit Judge José Cabranes signed the court order on April 16, putting the appeal “in abeyance,” or on hold, by mutual agreement.

On the other hand, Brad Garlinghouse said Ripple might pay its settlement with the SEC using XRP and called the lower $50 million fine a big step forward. In an April 11 interview, he pointed out that crypto rules in the U.S. seem to be improving. Ripple had put aside $125 million for the case but will now keep most of that money.

As a result, the open interest jumped by 20% in five days, with the long/short ratio now at 1.1. This shows that 52% of traders expect XRP to rise.

What’s Next for XRP Price?

XRP price has been hovering above the descending resistance line. However, buyers are struggling to send the price above EMA trend lines. As of writing, XRP price trades at $2.07, declining over 2.1% in the last 24 hours.

The 20-day EMA ($2.10) is flat, and the RSI is near neutral, signaling a balance between buyers and sellers. This hints that XRP price might continue to consolidate within a range-bound area. If the price falls below $2, bears may take control, potentially pushing XRP down to $1.62 or even $1.3.

On the upside, if buyers can move the price above the 50-day SMA and hold it there, XRP could climb toward the resistance line at $2.6. However, sellers are likely to defend that level strongly, as a breakout above it could indicate a trend reversal.

The post XRP’s Consolidation Around $2 Could Trigger a Big Move: What’s Next for XRP? appeared first on Coinpedia Fintech News
XRP has regained market attention following the recent slash in Ripple’s penalty by the SEC. This has led to a rise in open interest for XRP, despite the overall market’s bearish sentiment. Several on-chain indicators have turned positive, suggesting that the current consolidation phase may be approaching its conclusion. Analysts anticipate a potential rebound in …

Ethereum Fees Hit 5-Year Low: Can Ether Bulls Seize the Opportunity? 

Monicah W

Ethereum Hits Key Resistance Line Will Bulls Break Through or Face Rejection

The post Ethereum Fees Hit 5-Year Low: Can Ether Bulls Seize the Opportunity?  appeared first on Coinpedia Fintech News

  • The Ethereum network has gradually improved in the past few years to remain competitive via its L2.
  • ETH price has yet to invalidate the multi-week falling trend experienced in Q1.

The negotiations of the global trade wars have not spared the wider crypto market, amid an ongoing capital flight to the Gold market. The significant adoption of digital assets by institutional investors and nation-states has significantly complicated the 2024/2025 cryptocurrency bull cycle. 

On Wednesday, Federal Reserve Chairman Jerome Powell noted that markets will record continued volatility, amid ongoing decoupling between the United States and China.

Ethereum Network Ready for Bullish Sentiment 

According to market data from Santiment, Ethereum’s average network fees have dropped to a five-year low of about $0.168. Interestingly, the Ethereum network recorded earlier on Wednesday the cheapest daily cost of transactions since May 2, 2020.

The Ethereum network has experienced significant competition from other upcoming layer one (L1) blockchains led by Solana (SOL) in the past few years. However, the Ethereum core developers, led by Vitalik Buterin, have made significant network upgrades to ensure competitiveness ahead.

Since 2021, the Ethereum network has experienced a series of major upgrades, led by the London hard fork (EIP-1559), the Merge, the Dencun in 2024, and recently Pectra upgrade. As a result, the Ethereum network has become increasingly usable

Key Ether Price Targets to Monitor

After being trapped in a falling trend since early December 2024, Ethereum’s price has potentially hit the bottom, based on historical trends. According to crypto analyst Benjamin Cowen, Ether’s price, against the U.S. dollar, has been following a similar fractal pattern to the 2020/2021 bull cycle.

Market data from Santiment shows Ethereum price has established a robust support level about $1,528, where 2.61 million addresses accumulated over 4.82 million Ether. 

With the gradual recovery of Ethereum Open Futures (OI) amid notable decline in Ether YTD, a potential rebound towards $2.1k is more likely to happen.

The post Ethereum Fees Hit 5-Year Low: Can Ether Bulls Seize the Opportunity?  appeared first on Coinpedia Fintech News
The Ethereum network has gradually improved in the past few years to remain competitive via its L2. ETH price has yet to invalidate the multi-week falling trend experienced in Q1. The negotiations of the global trade wars have not spared the wider crypto market, amid an ongoing capital flight to the Gold market. The significant …

Gold Price Soars Past $3,340: When Will Bitcoin Price Catch Up?

Monicah W

Why Gold’s Rally Could Cause a Bitcoin Price Crash to $10K

The post Gold Price Soars Past $3,340: When Will Bitcoin Price Catch Up? appeared first on Coinpedia Fintech News

  • Gold price has heavily benefited from capital flight as investors flee from volatile stock markets amid global trade wars.
  • Bitcoin price will gain bullish sentiment after gold hits rally top and cash rotation kickstarts.

The U.S. stock market recorded more forced liquidations on Wednesday amounting $1.5 trillion, after Fed Chair Jerome Powell said that more volatility is likely ahead. With the trade war negotiations taking longer than anticipated, investors have been fleeing to the Gold markets to protect working capital. 

Moreover, inflation is anticipated to increase as investors show midterm fear amid the weakening U.S. dollar against major currencies.

Gold Market Blowout 

Gold price gathered more bullish momentum during the North American trading session on Wednesday as the trade negotiations rattled global stock markets.

In the past 24 hours, Gold price rallied over 3 percent to trade at about $3,337 at the time of this writing. Gold has continued with price discovery since its bullish breakout in October 2023, catalyzed by rising demand from global central banks led by China.

When Bitcoin?

Bitcoin has earned the title digital gold in the past decade, especially after emerging from the 2008 financial crisis and thriving through the Covid-19 crash. As Coinpedia reported, the Federal Reserve already views Bitcoin as digital gold and not as a competitor for the United States dollar. 

Consequently, the U.S. government under President Donald Trump is keen to tap into Bitcoin to reduce its huge debt burden.

From a technical standpoint, BTC price has in the past cycles experienced parabolic rallies every time that Gold price reached the peak of its rally. Based on historical trends, Gold price is expected to reach $3,500 in this cycle, or even higher depending on the trade war dynamics.

In the three month candlestick, gold price has reached the top after the Relative Strength Index hit a minimum of 93, whereby it currently hovers about 83.

The post Gold Price Soars Past $3,340: When Will Bitcoin Price Catch Up? appeared first on Coinpedia Fintech News
Gold price has heavily benefited from capital flight as investors flee from volatile stock markets amid global trade wars.

Dogecoin L2 Brewing: Timothy Stebbing Highlights Future Developments For DOGE

Monicah W

Dogecoin Price Today Is DOGE Ready for a Major Breakout

The post Dogecoin L2 Brewing: Timothy Stebbing Highlights Future Developments For DOGE appeared first on Coinpedia Fintech News

  • Dogecoin network has a vibrant global online community and introducing Dapps could stir up more growth.
  • Stebbing expects collaborative and open protocols for future Dogecoin Layer 2 projects.

Timothy Stebbing, a product lead at the Dogecoin Foundation, has highlighted how he thinks the meme lord should evolve in the future. In an X post, Stebbing opined that the age of Dogecoin (DOGE) layer 2 is at hand.

As a result, he has cautioned users to anticipate good and bad changes. Moreover, the introduction of layer two chains on the Dogecoin network will open up floodgates for scammers amongst legitimate businesses.

“The L2s will provide smart contracts, new mechanisms for payment, identity systems, tokenization of real-world assets.. an entire ecosystem, a new financial system will be born here,” Stebbing noted.

Stebbing highlighted that the L2 chains on the Dogecoin network work together and embrace competition through open protocols. 

“Build open protocols, collaborative and welcome.. then innovate and win via your points of difference, stand above the crowd on your merits, but lift others up with you,” Stebbings concluded.

Impact on Dogecoin Network

The meteorite growth of the Ethereum (ETH) network is heavily influenced by its layer two networks led by Base and Arbitrum. The introduction of Layer 2 chains on the Dogecoin network will be a huge game changer on the dog-themed memecoin.

Moreover, institutional investors will seamlessly tokenize real-world assets led by stablecoins, which will significantly improve the memecoin’s liquidity and utility.

The introduction of the L2 chains on the Dogecoin network may influence a shift towards the proof of stake (PoS) from its current proof of work (PoW) consensus method. Moreover, the Ether core developers have proved that the PoS is more cost-efficient and still secure for optimizing DeFi developments at scale.

The post Dogecoin L2 Brewing: Timothy Stebbing Highlights Future Developments For DOGE appeared first on Coinpedia Fintech News
Dogecoin network has a vibrant global online community and introducing Dapps could stir up more growth. Stebbing expects collaborative and open protocols for future Dogecoin Layer 2 projects. Timothy Stebbing, a product lead at the Dogecoin Foundation, has highlighted how he thinks the meme lord should evolve in the future. In an X post, Stebbing …

News

Coinbase’s Base Network Allegedly Fueled a $16 Million Pump and Dump

Monicah W

Coinbase’s Layer 2 network, Base, is facing intense scrutiny after what appears to be a major pump and dump—one that it inadvertently helped fuel. The project’s official Twitter account publicly promoted a meme coin titled “Base is for everyone.” 

This triggered a speculative surge, driving the token’s market cap to an estimated $15 to $20 million within hours of launch. The token quickly plummeted near zero in mutes.

Did Base Just Help Fuel a Pump and Dump? 

Base’s tweet, which featured promotional imagery and direct links to the meme coin on Zora, created the perception of legitimacy. 

Traders piled in, and price charts reflected an explosive rally—followed by an equally sharp collapse. 

base is for everyone
The ‘Base Is For Everyone’ Post. Source: Base/X

Within one 4-hour trading window, a green candle representing millions in inflow was immediately reversed by a red candle of equal size, marking a total loss of liquidity and confirming a textbook pump and dump. 

The token’s value fell by more than 99%, and trading volumes on Uniswap surged past $13 million during the brief window of activity.

There is massive ongoing outrage against both Coinbase and Base. Crypto influencers have called the incident a failure of due diligence and communications strategy. 

Accusations of incompetence and poor risk oversight are spreading fast on social media, while memes mocking the network’s “Base is for everyone” slogan are everywhere.

Base is yet to provide an official response to the incident. 

The post Coinbase’s Base Network Allegedly Fueled a $16 Million Pump and Dump appeared first on BeInCrypto.

News

Panama City to Accept Crypto Payments, But Settled in US Dollar

Monicah W

Mayer Mizrachi, the mayor of Panama City, Panama, announced today that the city government will accept payments in crypto. It will accept Bitcoin, Ethereum, and two stablecoins for taxes, permits, fees, etc.

However, Mizrachi clarified that the municipal government has a legal requirement to accept these funds only in USD. It will exchange cryptoassets for cash with a partnered bank, presenting a severe limit to potential crypto adoption.

Is Panama City Accepting Crypto?

In the last few months, a tide of pro-crypto regulation has swept over many of the world’s jurisdictions. This obviously includes the United States at the federal and state levels, but many other countries are rising to the occasion.

Case in point, the mayor of Panama’s capital city just announced that the municipal government will accept payments in crypto.

“Panama City council has just voted in favor of becoming the first public institution of government to accept payments in crypto. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, USDT,” claimed Mayer Mizrachi, the mayor of Panama City.

Mizrachi went on to explain some previous efforts to accept crypto payments in Panama. Four years ago, a legislative initiative tried to enable crypto payments all over the country.

It got some traction but eventually stalled out in 2022. In 2023, the Supreme Court ruled the bill “unenforceable.” Since then, it doesn’t seem like any other serious efforts have made progress.

Panama City’s municipal government is circumventing the legislature to accept crypto payments, but the strategy has significant drawbacks. Mizrachi explained that public institutions must receive funds in US dollars, and he couldn’t circumvent this requirement.

In other words, any crypto payments will actually go to a partnered bank. The bank will actually custody (or dispose of) these assets, while the city only holds USD. Mizrachi’s effort avoids a contentious legislative battle, but its actual impact might be severely limited.

Although Panama has its own currency, the balboa, the US dollar has more legal standing in a few different ways. It’s a legal tender; public institutions have to accept it, and the balboa is actually pegged to the dollar anyway.

This is a very similar situation to what made El Salvador accept Bitcoin as a currency, as it also had to use the US dollar as its sole currency.

Mizrachi explained that this short workaround will increase “the free flow of crypto” through Panama’s economy, but it may not be that simple. Depending on the agreement between the city government and partnered banks, it could just dump its cryptoassets on the international market.

If Panama wants to actually adopt cryptocurrency, it may need more sustainable measures integrated to the local economy.

The post Panama City to Accept Crypto Payments, But Settled in US Dollar appeared first on BeInCrypto.

News

Institutional Demand in Bitcoin ETF Is Making BTC Less Volatile

Monicah W

BlackRock’s Bitcoin ETF is in the top 1% of performers in this category despite tariff chaos. Analysts theorize that the issuers are stabilizing Bitcoin’s volatility, and the ETF market will make BTC more secure in the future.

The issuers act as major whales, buying up any token dumps from retail investors. However, this new stability is entirely contingent on these powerful firms, which are exposed to broader macroeconomic concerns.

Are the ETFs Stabilizing Bitcoin?

The threat of Trump’s tariffs has brought chaos and uncertainty into global markets, but the price of Bitcoin has been relatively fine. Although it has fallen from its all-time high in January, its price shelf is still well above its performance before the November election.

According to one analyst, the ETFs may be providing Bitcoin with this extra stability:

“Bitcoin ETFs have eked out positive inflows past month and YTD and IBIT is +2.4 billion YTD (Top 1%). Impressivem and in my opinion, helps explain why BTC’s price has been relatively stable: its owners are more stable. ETF investors are much stronger hands than most think. This should increase stability and lower volatility and correlation long term,” claimed Eric Balchunas.

Since the Bitcoin ETFs first hit the market, they’ve totally transformed the crypto industry, but it’s been difficult to quantify that transformation.

However, this impending economic crisis has given analysts a useful chance to collect hard data from a stress test. Balchunas emphasized that ETF issuers had a powerful demand for BTC, which has powered some changes.

Over the last few months, US ETF issuers have been buying tremendous amounts of Bitcoin. Collectively, they surpassed Satoshi’s holdings in December and bought 20x as much BTC as the global mining output in January. Who met this apparent crisis in supply? Retail investors.

bitcoin etf inflow
Weekly Bitcoin ETF Inflow in 2025. Source: SoSoValue

Bitcoin is more integrated than ever into traditional finance, and that presents a few opportunities. For any number of reasons, retailers have been compelled to dump their tokens.

Normally, these actions could spook the markets, but ETF issuers (and Michael Saylor’s Strategy) have been willing to buy as much Bitcoin as possible.

In other words, these whales have done a lot to hold up confidence in the entire market. Ideally, ETF issuers will have a mostly positive impact on the sector, potentially curing Bitcoin’s infamous chronic volatility.

Unfortunately, this substantial change comes with serious practical drawbacks, even discounting fears of de-decentralization. Since the ETFs transformed the market like this, Bitcoin has been more entangled than ever with broader macroeconomic trends.

These trends, however, could force these big whales to sell. Can we afford to tie Bitcoin’s fate to these actors?

The ETF issuers have a high confidence in Bitcoin, which has kept its price steady throughout the tariff chaos. If they lose that confidence for any reason, it could cause a powerful demand crisis.

This investment trend has been a tremendous benefit to the crypto industry, but it’s important to keep an eye on the potential risks involved.

The post Institutional Demand in Bitcoin ETF Is Making BTC Less Volatile appeared first on BeInCrypto.

News

XRP Faces Bearish Shift as Indicators Signal Weakness

Monicah W

XRP gained only 2% in the past week, signaling weak momentum and fading interest from buyers in the short term.

Technical indicators like the RSI, Ichimoku Cloud, and EMA lines are all starting to reflect increased bearish pressure. Here’s a breakdown of what the charts are saying and what could come next for XRP.

XRP RSI Shows Buyers Are Losing Control

XRP’s Relative Strength Index (RSI) has declined to 46.34, a noticeable drop from 57.30 just one day ago. This sharp move suggests a clear shift in momentum, with buying pressure cooling off significantly in the short term.

When the RSI drops this quickly, it can often indicate that traders are taking profits or beginning to rotate out of a position, especially after a period of modest gains.

While XRP hasn’t entered oversold territory yet, the drop below the 50 mark is typically viewed as a bearish signal, pointing to a potential shift in sentiment from bullish to neutral or bearish.

XRP RSI.
XRP RSI. Source: TradingView.

The RSI, or Relative Strength Index, is a widely used technical indicator that helps traders gauge the strength of a price trend. It ranges from 0 to 100, with readings above 70 considered overbought and readings below 30 considered oversold.

When the RSI is above 50, momentum is typically bullish, while levels below 50 reflect increasing bearishness. With XRP now sitting at 46.34, it suggests the asset is losing upward momentum and may be at risk of further downside unless buying interest returns soon.

If selling pressure continues and RSI trends lower, XRP could test key support levels in the near future.

XRP Ichimoku Cloud Shows Momentum Is Shifting

XRP’s Ichimoku Cloud chart currently shows a shift toward short-term bearish momentum.

The price has fallen below both the blue Tenkan-sen (conversion line) and the red Kijun-sen (baseline), which is typically viewed as a bearish signal.

When the price trades beneath these two lines, it often suggests weakening momentum and increasing downside risk unless a quick recovery follows.

XRP Ichimoku Cloud.
XRP Ichimoku Cloud. Source: TradingView.

Additionally, the price is now entering the green cloud (Kumo), which represents a zone of uncertainty or consolidation. The cloud ahead is relatively flat and wide, indicating potential support but also a lack of strong upward momentum.

The green Senkou Span A (leading span A) remains above the red Senkou Span B (leading span B), signaling that the broader trend is still slightly bullish—but if price action stays inside or breaks below the cloud, that trend may begin to reverse.

Overall, the Ichimoku setup points to caution for bulls unless XRP reclaims the Tenkan and Kijun lines convincingly.

EMA Lines Suggest XRP Could Fall Below $2

XRP’s EMA lines are showing signs of weakness, with XRP price repeatedly failing to break through the resistance near $2.17—even amid speculation about a potential partnership with Swift.

This repeated rejection at the same level indicates strong selling pressure. The EMAs suggest momentum is fading as the shorter-term average is beginning to bend downward.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView.

A potential death cross, where the short-term EMA crosses below the long-term EMA, appears to be forming. If confirmed, it could signal a deeper correction ahead, with XRP possibly retesting support levels at $2.02 and $1.96.

A breakdown below these levels could lead to a drop toward $1.61. However, if bulls manage to reclaim $2.17, the next resistance at $2.24 becomes the key target.

A clean break above that could trigger a stronger rally, potentially pushing XRP to $2.35 or even $2.50 if momentum accelerates.

The post XRP Faces Bearish Shift as Indicators Signal Weakness appeared first on BeInCrypto.

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Crypto Market Lost $633 Billion in Q1 2025, CoinGecko Report Shows

Monicah W

According to CoinGecko’s quarterly report, the overall crypto market cap fell 18.6% in Q1 2025. Trading volume on centralized exchanges also fell 16% compared to the previous quarter.

This report identified a few positive trends, but most of them contained at least one significant downside. Despite the market euphoria in January, recession fears are taking a very serious toll.

Crypto Suffered Heavy Losses in Q1

The latest CoinGecko report shows just how bearish the first quarter of the year has been. Although the crypto market started January with a major bullish cycle, macroeconomic factors have heavily impacted market sentiment for the past two months.

Crypto Market Cap Fell in Q1 2025 CoinGecko
Crypto Market Cap Fell in Q1 2025. Source: CoinGecko

According to this report, crypto’s total market cap fell 18.6% in Q1 2025, a staggering $633.5 billion. Investor activity fell alongside token prices, as daily trading volumes fell 27.3% quarter-on-quarter from the end of 2024. Spot trading volume on centralized exchanges fell 16.3%, which CoinGecko at least partially attributes to the Bybit hack.

The report mostly focused on concrete numbers, but it pointed to a few specific events that impacted crypto. Markets hit a local high around Trump’s inauguration, thanks to market euphoria over possible friendly policies.

His TRUMP meme coin fueled a brief frenzy in Solana meme coin activity, but this quickly slumped. The LIBRA scandal had a further dampening impact.

Bitcoin increased its dominance in Q1 2025, accounting for 59.1% of crypto’s total market cap. It hasn’t maintained that share of the market since 2021, symbolizing how much more stable it’s been than altcoins.

Nevertheless, BTC also fell 11.8% and was outperformed by gold and US Treasury bonds.

Bitcoin Slumps Despite Market Cap Dominance CoinGecko
Bitcoin Slumps Despite Market Cap Dominance. Source: CoinGecko

This data point is especially worrying because Trump’s tariffs have wrought havoc on Treasury yields. Even so, the report clearly shows that the rest of crypto suffered even more. Ethereum’s entire 2024 gains vanished in Q1 2025, and multichain DeFi TVL fell 27.5%. C

ountless other areas saw similar results, but they’re too numerous to easily summarize.

That is to say, almost every quantifiable positive development came with at least one major caveat. Solana dominated the DEX trade, but its TVL declined by over one-fifth.

Bitcoin ETFs saw $1 billion in fresh inflows, but total AUM fell by nearly $9 billion due to price drops. The reports reflect that recession fears are gripping the crypto market.

The post Crypto Market Lost $633 Billion in Q1 2025, CoinGecko Report Shows appeared first on BeInCrypto.

Trump-backed WLFI Crypto Project Brings New Advisor – Who Is Bilal Bin Saqib?

Monicah W

Trump-backed WLFI

Trump WLFI New Advisor:- The Trump-endorsed WLFI (World Liberty Financial Initiative) has made a strategic addition in its advisory board.

It has announced on April 15 the appointment of Bilal Bin Saqib, a British-Pakistani entrepreneur and angel investor. Bilal is a graduate of the London School of Economics and has been listed on Forbes’ 30 Under 30.

The move, by Trump family-backed Defi protocol,  becomes all the more strategic given WLFI’s recent launch of its own stablecoin, USD1, and the near-term plans to scale its protocol and DeFi system.

Who Is Trump-backed WLFI’s New Advisor?

Bilal Bin Saqib, awarded with British Empire (MBE) medal, is best known for his work at the intersection of social entrepreneurship and technology.

He was listed on Forbes’ 30 Under 30 for his work in social impact, notably with his non-profit Tayaba. His non-profit has worked for transforming the access to clean water for underserved communities in Pakistan through innovative water-carrying solutions.

In March, Pakistan appointed Bilal Bin Saqib as the Chief Advisor to the Finance Minister for the Pakistan Crypto Council.

He is also the founder of One Million Meals, a campaign launched during the COVID-19 pandemic that served over a million meals to NHS frontline workers in the UK.

His entrepreneurial background is further amplified by his active role in venture capital and technology startups, with a strong focus on Web3 and sustainability. He has served as the growth advisor for many Early/Mid-Level web3 projects such as The Coin Masters, Africa’s crypto exchange Busha, and the NFT search engine Corol Reef.

Is WLFI Trying to Change its Right-wing centered Branding

 WLFI is often marketed as a platform for “freedom-centric finance.” It aims to leverage blockchain to reduce dependence on traditional financial institutions, which it claims are prone to censorship and centralized control.

Though details on the WLFI tokenomics and roadmap remain sparse, the advisory board now includes a mix of political strategists, crypto veterans, and global thought leaders.

And now Saqib’s entry into the Trump-backed WLFI fold is significant for several reasons. He brings a strong international presence and a focus on ethical innovation. This could help legitimize WLFI on the world stage – especially in emerging markets where crypto adoption is accelerating.

His social impact background may help reshape the public narrative around WLFI. Trump-backed WLFI continues to face criticism for its close alignment with U.S. right-wing politics.

With Saqib onboard, WLFI may also attempt to rebrand itself as a more globally inclusive platform for financial liberty.

This move could also open doors for strategic partnerships across the Middle East and South Asia, regions where Saqib has established philanthropic and entrepreneurial roots.

This strategic change for WLFI comes as DWF Labs invested $25M in its WLFI token.

Eyes on its Near-Term Plans

The addition of Bilal Bin Saqib will provide further strength to Trump-backed WLFI’s existing strategic advisory board that currently includes:

  • Justin Sun – Strategic Advisor and TRON founder,
  • Sandy Peng – Advisor and Co-founder of Scroll,
  • Corey Caplan – Advisor and Co-founder of a multichain money market protocol, Corey Caplan 
  • Alexei Dulub – Advisor and Founder of Web3 Antivirus and PixelPlex
  • Chase Herro and Zachary Folkman – original co-founders of WLFI

And now as WLFI prepares for its first public demo in Q2 2025, all eyes will be on how its advisory board — now including Saqib — navigates the intersection of decentralized tech and global policy narratives.

If successful, WLFI may not just be a political project but a powerful player in the evolving crypto landscape.

The post Trump-backed WLFI Crypto Project Brings New Advisor – Who Is Bilal Bin Saqib? appeared first on CoinGape.