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Strategy (formerly MicroStrategy) is tying its bootlaces to acquire more Bitcoin after company founder Michael Saylor flashed the tell-tale buy signal. As fears of a Bitcoin crash intensify, renewed institutional purchases after the weekend may prop up prices for the largest cryptocurrency. Michael Saylor Hints At Fresh Strategy Bitcoin Purchase Michael Saylor has shared the
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World Liberty Financial (WLF), a decentralized finance (DeFi) project backed by the Trump family, has successfully sold 99.3% of its recently issued 5 billion WLFI tokens.
The tokens went on sale on January 20, following a surge in demand after the initial public sale.
According to the data on the project’s official website, World Liberty Financial has now sold a total of 24.97 billion WLFI tokens out of a 25 billion token supply allocated for public sale.
For context, the total supply of WLFI tokens is 100 billion, with an initial allocation of 20 billion tokens designated for the first public sale. This sale commenced on October 15, 2024, with the token priced at $0.015. Furthermore, the project restricted access to individuals who qualified through a whitelist.
The initial target for the WLFI token sale was set at $300 million. Nonetheless, weak demand in the early stages led to a drastic reduction of the presale target to $30 million.
Despite the initial setback, the tides shifted after Official Trump (TRUMP) and Melania Meme (MELANIA) meme coins were launched. This launch sparked renewed interest in World Liberty Financial, leading to a surge in demand for WLFI tokens.
By January 20, World Liberty Financial had completed its initial token sale, selling 20% of its total token supply. However, seeing the surge in demand, the project released an additional 5% of its token supply at a price of $0.05 per token.
“An additional 5% of our token supply is now available to purchase on our website. We appreciate the overwhelming support and look forward to welcoming so many new people to our community!” the project posted on X.
At the time of writing, only 34.6 million tokens of the 5 billion public sale allocation remain available.
The WLFI token’s primary purpose is governance within the World Liberty Financial Protocol. It allows token holders to propose, discuss, and vote on key protocol decisions. This gives token owners an equal voice in shaping the platform’s development, ensuring fair and democratic changes to its ecosystem.
As an added measure, the tokens will remain non-transferable for the first 12 months post-launch. Moreover, any community-approved changes to this restriction will not take effect until the one-year period concludes.
The milestone comes shortly after World Liberty Financial announced a partnership with Sui (SUI). The aim of this collaboration is to explore opportunities in DeFi. It will also integrate Sui’s technology into WLFI’s token reserve, “Macro Strategy,” supporting leading DeFi projects.
The post World Liberty Financial Completes 99.3% of WLFI Token Sale in Major DeFi Milestone appeared first on BeInCrypto.
The post Chainlink Inks Strategic Partnership With World Liberty Financial to Enhance Cross-chain Capabilities for USD1 appeared first on Coinpedia Fintech News
World Liberty Financial (WLFI), a well-funded DeFi protocol backed by U.S. President Donald Trump, announced a strategic partnership with Chainlink (LINK) network to enhance the mainstream adoption of its recently launched stablecoin dubbed USD1.
Following the collaboration, the World Liberty Financial project will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable a secure and seamless transfer of USD1 across different chains.
“Chainlink’s battle-tested infrastructure delivers the institutional-grade security and extensive reach needed to deliver USD1 into the hands of millions across a growing number of active, on-chain ecosystems. WLFI’s partnership with Chainlink will accelerate and improve USD1’s utility for cross-border payments and will result in truly useful applications across DeFi and traditional finance,” Zach Witkoff, co-founder of World Liberty Financial, noted.
Previously, World Liberty Financial had collaborated with the Chainlink network to provide reliable data feeds to its AAVE V3 instance.
The collaboration between the Chainlink network and the WLFI protocol will play a crucial role in the mainstream adoption of LINK tokens. Moreover, the WLFI protocol will enhance the established credibility of the Chainlink network for more institutional investors.
Earlier on Friday, the Chainlink network announced that the Fluid protocol has adopted its CCIP and cross-chain token (CCT) standard to enable the seamless transfer of assets across Ethereum, Base, and Arbitrum.
The rising adoption of the Chainlink products will have a long-lasting impact on LINK price action. The large-cap altcoin, with a fully diluted valuation of about $15.9 billion and a 24-hour average traded volume of around $477 million, rallied over 30 percent in the last four weeks to trade about $15.9 on Friday, May 16 during the late North American trading session.
The post Chainlink Inks Strategic Partnership With World Liberty Financial to Enhance Cross-chain Capabilities for USD1 appeared first on Coinpedia Fintech News
The Chainlink network has attracted first-level investment from traditional financial institutions in the recent past. The integration of USD1 with Chainlink will increase the global adoption of LINK tokens. World Liberty Financial (WLFI), a well-funded DeFi protocol backed by U.S. President Donald Trump, announced a strategic partnership with Chainlink (LINK) network to enhance the mainstream …
The post Breaking: Circle Rejected Ripple Takeover Bid of $4-5B appeared first on Coinpedia Fintech News
Ripple Labs proposed to takeover Circle Internet Group Inc. for $4 billion to $5 billion. According to people familiar with the matter, Circle, the second largest stablecoin issuer, turned down the offer and termed it as too low.
Meanwhile, Ripple has not yet made another move but remains interested in acquiring Circle. Moreover, Circle’s USDC has penetrated global web3 markets to hit a market cap of about $61.6 billion and a 24 hour average trading volume of about $6.9 billion.
“We do not comment on market rumors. As we are currently in a quiet period with the U.S. SEC, we cannot comment further on our corporate financial plans. Our long-term goals remain the same,” Circle’s spokesperson told Bloomberg.
Earlier in April, Circle filed for an initial public offering (IPO) with the U.S. SEC, with the aim of listing on NYSE under ticker CRCL. While Circle’s revenue grew by 16 percent to $1.7 billion YoY, the company’s net income and EBITDA fell sharply.
The company has attributed the decline in net income to increased partner costs, service discontinuation, in addition to operational expenses. For instance, the company has reported an increase in distribution and transaction costs from higher fees on its partners led by Coinbase Global.
Ripple Labs recently launched RLUSD to help streamline its cross-border payments system, which includes backing up XRP adoption. However, the company has faced intense competition from existing stablecoins led by Tether USDT.
Additionally, RLUSD has experienced significant competition from similar products, such as USD1(USD1)by Donald Trump-backed World Liberty Financial that has already surpassed $2 billion in market cap.
The post Breaking: Circle Rejected Ripple Takeover Bid of $4-5B appeared first on Coinpedia Fintech News
Circle ostensibly turned down the offer since it was too low based on its market value and prospects. Ripple is keen to expand its recently launched RLUSD to compete with Tether USDT among others. Ripple Labs proposed to takeover Circle Internet Group Inc. for $4 billion to $5 billion. According to people familiar with the …