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A corporate entity linked to President Donald Trump and his family quietly slashed its equity stake in the decentralized finance (DeFi) platform World Liberty Financial (WLFI). The Trump-affiliated company DT Marks DEFI LLC previously owned a 60% stake in World Liberty. Fine print on the platform’s website now indicates DT Marks owns approximately 40% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial. Forbes first reported the change. World Liberty notes that WLF Holdco holds all the rights to net protocol revenues from the DeFi platform, except for net proceeds from the sale of WLFI tokens. The platform also notes that neither Trump nor any of his family members “is an officer, director or employee of, WLF Holdco LLC or World Liberty Financial.” The downsizing of Trump’s equity stake materializes as he has reportedly pocketed tens of millions of dollars in income from World Libe...

World Liberty Financial, the crypto-based project backed by Donald Trump and his family, will acquire more TRON (TRX) tokens after purchasing $9.8 million worth of Wrapped Bitcoin (WBTC), CoinDesk reported, citing a person familiar with the plan. World Liberty Financial now holds $352 million worth of crypto, including $181 million of Ethereum (ETH), $56 million WBTC, $32 million of staked ether (STETH), and $7.4 million of TRX, according to blockchain Analysis platform A rkham. Most token buys come after sales of the project’s WLFI tokens. Of the 25 billion tokens still available, around 2.4 billion were sold.  World Liberty Financial Has Raised $1.1 Billion Since the World Liberty Financial platform was launched in September, it has raised $1.1 billion. At the beginning, the platform said it would sell 20% of the 100 billion tokens they created. However, the website soon listed an additional 5 billion tokens.   After the $TRUMP and $MELANIA meme coins were ...

World Liberty Financial, the cryptocurrency project backed by Donald Trump and his sons, appears to have launched, though the website has struggled under the initial load, repeatedly going offline. Blockchain data suggests that the token currently has over 2,900 holders, and 0x5be9a4959308A0D0c7bC0870E319314d8D957dBB, an address that seems to be a multisignature wallet for this project, holds approximately $3.7 million in ether, $1.2 million in tether, and $240,000 worth of USDC.  It was previously reported that over 100,000 investors had provided the documents required to be placed on the whitelist ahead of the token’s launch. However, the launch has not all been smooth sailing with the World Liberty Financial website struggling to stay online and appearing to be frequently inaccessible.  What is World Liberty Financial? Read more: Scammers cash in as Donald Trump fumbles World Liberty Financial launch World Liberty Financial is a thin wrapper around the Aave lending pr...

Trump crypto venture World Liberty Financial will launch on Elon Musk’s X platform next week. This move is big news in the cryptocurrency world. The former president’s new digital finance project has caused both excitement and debate. Also Read: Top 3 Cryptocurrencies To Watch This Weekend Crypto Revolution: Trump’s Venture, World Liberty Financial, and Elon Musk’s X Source – Rolling Stone Launch Announcement and Platform Details .@WorldLibertyFi pic.twitter.com/rHEGQXl4jL — Donald J. Trump (@realDonaldTrump) September 12, 2024 Donald Trump announced World Liberty Financial’s launch on September 16 in an X video. He said: “We’re embracing the future with crypto and leaving the slow and outdated big banks behind.” His sons, Donald Jr. and Eric Trump, will run the project. It aims to be a platform for crypto borrowing and lending. Features and Partnerships World Liberty Financial plans to offer: A digital wallet to store money A ...

Donald Trump has recently taken to X (formerly Twitter) to promise an incoming plan to make the US the “crypto capital of the planet.” Indeed, the 45th President of the United States shared a video saying that an impending announcement would be coming Thursday afternoon. Trump’s 2024 re-election bid has firmly embraced cryptocurrencies. His ongoing campaign has recently debuted his own crypto platform, now rebranded as World Liberty Financial. The project was initially teased by Trump’s two sons. Now, it is set to be a major part of his election policies. Source: Sky News Also Read: Trump’s DeFiant Ones Crypto Venture: Game-Changer or Risky Bet? Trump Set to Announce Crypto Plan to Ensure US Leads the Sector The cryptocurrency market has been a major aspect of Donald Trump’s election campaign. He has leaned into crypto voters unlike any past candidate has. Moreover, he has expressed a focus on the asset class and America’s position in its ongoing deve...