Monat: September 2025

• World Liberty Financial (WLFI) froze 540M tokens linked to Justin Sun’s wallet.
• Sun insists the freeze violates investor rights and trust.
• WLFI price has fallen from $0.46 at launch to about $0.18.

Justin Sun has publicly appealed to World Liberty Financial (WLFI) to unfreeze his tokens after the project restricted access to 540 million unlocked WLFI tokens linked to his wallet.

The Tron founder, who joined WLFI as an advisor and early investor, argues that the move violates the fundamental principles of fairness and transparency that should guide blockchain projects.

WLFI leadership blacklisted Justin Sun’s address

The freeze followed a series of transactions from a wallet tied to Sun on the Ethereum blockchain.

The WLFI leadership blacklisted his address, preventing him from transferring tokens that he insists were lawfully obtained.

According to Sun, the transactions were nothing more than small-scale tests of exchange deposits. He emphasised that these movements involved no buying or selling that could have influenced the market in any significant way.

In response, Sun called on the WLFI team to immediately unlock his tokens and respect the rights of all investors.

He expressed concern that unilateral freezes risk undermining the project’s credibility and discouraging confidence among the wider community.

Sun’s public appeal

Taking to X, Sun delivered a direct message both to the WLFI team and to the broader global community.

He reminded followers that he had invested not just financially, but also emotionally and strategically, in the project’s early development.

Sun disclosed that he initially purchased $30 million worth of WLFI tokens in late 2024, aligning his interests with those of other early supporters.

“My tokens were unreasonably frozen,” he wrote. “As one of the early investors, I joined together with everyone — we bought in the same way, and we all deserve the same rights.”

Sun went on to argue that tokens should be considered “sacred and inviolable,” setting blockchain apart from traditional finance, where unilateral freezes remain commonplace.

The Tron founder urged WLFI to reverse course, highlighting that true financial brands can only grow through fairness, transparency, and trust. He warned that anything less risks damaging the project’s reputation and alienating its community.

Market jitters and governance questions

WLFI’s price movements since its debut have been turbulent. The token debuted on September 1 at $0.46, only to drop to $0.25 within two hours due to heavy selling pressure on major exchanges, including Binance, OKX, and Gate.

Since then, it has continued to slide, hovering just above $0.18 at press time, a decline of nearly 19% since launch.

The controversy surrounding Sun’s wallet has amplified concerns about the governance structure of WLFI.

Despite being presented as a decentralised platform, the ability of project leaders to blacklist wallets and freeze investor tokens has raised sharp questions.

Critics argue that such unilateral actions undermine the very principles of decentralisation that projects like WLFI are supposed to uphold.

The WLFI team is yet to respond directly to Sun’s calls, leaving uncertainty hanging over the project during its crucial early days.

With the token struggling to maintain stability and investors wary of governance risks, the handling of this dispute may determine whether WLFI can recover trust and build a lasting reputation in the competitive digital asset market.

The post Justin Sun publicly asks for the unfreezing of his WLFI tokens appeared first on CoinJournal.

• REX Shares may launch a Dogecoin ETF using the 40 Act next week.
• While Dogecoin is up 116% in a year, it is still far below its December 2024 peak.
• The US SEC is reviewing 92 crypto ETF applications, with decisions due by October.

The prospect of a Dogecoin exchange-traded fund (ETF) debuting in the United States as early as next week has gained traction after Bloomberg ETF analyst Eric Balchunas pointed to fresh regulatory filings.

If confirmed, it would mark the first time the meme-inspired cryptocurrency receives such recognition in the US financial markets, signaling yet another milestone in the gradual institutional embrace of digital assets.

REX Shares may launch the first US Dogecoin ETF next week

According to Balchunas, ETF issuer REX Shares has filed an effective prospectus with the US Securities and Exchange Commission (SEC) under the Investment Company Act of 1940, commonly known as the 40 Act.

This alternative structure allows a faster path to market compared to the traditional ETF approval process that requires Form S-1 and 19b-4 filings.

The same approach was successfully used by REX earlier this year to roll out its Solana staking ETF.

Industry observers, including ETF Store president Nate Geraci, have described this strategy as a “regulatory end-around.”

REX Shares w/ the regulatory end-around…

Looks like two crypto ETF launches are imminent.

REX-Osprey ETH + Staking ETF and REX-Osprey SOL + Staking ETF.

’40 Act funds taxed as C-Corp (so double taxation).

Both ETFs seek to stake at least 50% of underlying crypto asset. https://t.co/4JyczUeSpG

— Nate Geraci (@NateGeraci) May 30, 2025

While it avoids some of the hurdles faced by spot crypto ETFs, it still provides investors with a regulated investment product tied to the price movements of the underlying asset.

REX’s move positions Dogecoin alongside Solana in breaking through regulatory bottlenecks that have delayed other crypto ETFs.

In its filing, REX highlighted the risks of exposure to Dogecoin, acknowledging its volatility and the unpredictability of its market behavior.

The company noted that the token is “subject to unique and substantial risks,” with price swings that can be rapid and severe.

Despite these warnings, Dogecoin’s cultural appeal and growing popularity continue to attract investor interest.

Over the past year, Dogecoin’s price has gained more than 116%, though it has cooled from its December 2024 peak of $0.4672.

At the time of writing, the token is trading near $0.2142, reflecting both its volatility and its resilience in the broader crypto market.

Elon Musk’s long-standing association with Dogecoin, from calling himself the “Dogefather” to joking about the token on national television, has only amplified its presence beyond crypto circles.

More recently, Musk’s attorney Alex Spiro has been linked to efforts to raise $200 million for a company focused on Dogecoin-related investments.

If REX proceeds with the launch, its fund would become the first US-listed ETF to provide direct exposure to Dogecoin,

This would not only boost the memecoin’s legitimacy in the eyes of institutional investors but also signal a broader acceptance of alternative cryptocurrencies beyond Bitcoin (BTC) and Ethereum (ETH).

The US SEC is currently reviewing 92 crypto ETF applications

The potential launch of a Dogecoin ETF comes at a time when the SEC is facing a wave of crypto-related applications.

Bloomberg Intelligence analyst James Seyffart reported that the agency is currently reviewing 92 filings, a significant jump from just 72 in April.

NEW: Here is a list of all the filings and/or applications I’m tracking for Crypto ETPs here in the US. There are 92 line items in this spreadsheet. You will almost certainly have to squint and zoom to see but best I can do on here pic.twitter.com/lDhRGEQBoW

— James Seyffart (@JSeyff) August 28, 2025

Many of these proposals involve altcoins such as Solana, XRP, and Litecoin, which are expected to see final rulings by October.

This surge in applications highlights growing institutional appetite for diversified crypto investment products.

Digital asset funds have already recorded a strong rebound, with $2.48 billion flowing into such products last week alone.

In August, total inflows reached $4.37 billion, pushing the year-to-date figure to $35.5 billion. The momentum indicates that despite regulatory uncertainty, demand for crypto-linked financial instruments remains robust.

The outcome of these filings could reshape the crypto investment landscape in the United States.

If approved, a Dogecoin ETF would add to the expanding menu of regulated products, allowing investors to gain exposure to assets once dismissed as fringe or speculative.

At the same time, it would raise new questions about the risks and sustainability of meme-driven markets, especially as more altcoins seek entry into mainstream financial channels.

For now, all eyes are on the SEC and REX Shares. Should the filing proceed without delay, Dogecoin could soon have its first dedicated ETF on US markets, a milestone that would solidify its evolution from internet joke to a legitimate, tradable financial asset.

The post Bloomberg Analyst predicts the launch of the first Dogecoin ETF next week appeared first on CoinJournal.

• The crypto rally is faltering as digital assets and related stocks fall.
• Tokens and companies tied to Donald Trump’s family are seeing the steepest declines.
• Nasdaq is reportedly tightening the rules for digital-asset treasury companies.

The music has stopped. While traditional stocks and bonds are surging on the promise of an imminent Federal Reserve rate cut, the high-flying world of cryptocurrency is conspicuously refusing to join the party.

A brutal wave of selling has swept through the digital asset space, with the sharpest and most painful losses being inflicted on the very tokens and companies that have direct ties to President Donald Trump’s family.

The carnage has been swift and severe. Shares of ALT5 Sigma Corp., a treasury company for the Trump-linked DeFi project World Liberty Financial, slumped around 12 percent on Thursday and are now down more than 50 percent in the past week.

The project’s own WLFI token has been hit even harder, dropping about 25 percent and now down roughly 50 percent since its much-hyped Labor Day debut.

Even American Bitcoin Corp.—the mining outfit involving Eric Trump that just began trading—has not been spared, with its shares dropping by as much as 22 percent.

The Nasdaq crackdown: a new sheriff in town

This targeted sell-off is being amplified by a growing sense that the regulatory tide is turning.

A new report from The Information on Thursday sent a chill through the market, revealing that the Nasdaq is now requiring some of the so-called digital-asset treasury (DAT) companies to receive shareholder approval before issuing new shares to buy more tokens.

This is a direct shot across the bow of a business model that has fueled the recent crypto boom.

Pioneered by MicroStrategy’s Michael Saylor, the strategy of issuing shares to fund massive coin purchases without taking on debt has been adopted by a flood of companies, many of them struggling firms that pivoted to crypto to save their businesses.

To date, a staggering 184 publicly traded companies have announced their intention to raise more than 132 billion dollars to buy various coins, according to Architect Partners.

The Nasdaq’s move, while seen as a prudent step to protect shareholders, threatens to choke off the very mechanism that has been driving the market higher.

“Full disclosure and an opportunity to have a say should be expected and demanded if not provided for. Yes, likely slows the pace of transaction velocity but perhaps a good thing,” said Eric Risley, founder of Architect Partners.

A market de-risks as the Powell pivot looms

The pain is not confined to the Trump-linked ventures.

The broader market is feeling the chill, with treasury companies holding assets like Ether and Solana also seeing their shares drop, pulling down the prices of the underlying coins with them.

Bitcoin, the market’s bellwether, has fallen about 2 percent to around 109,800 dollars, a sign of a market that is actively de-risking ahead of a pivotal moment.

The latest US labor market data has only reinforced the view of a cooling economy, setting the stage for the Federal Reserve’s high-stakes meeting later this month.

“From macro perspective people are derisking a bit ahead of tomorrow’s employment data, which is a big economic data point ahead of Fed meeting later in month,” said Shiliang Tang, managing partner of Monarq Asset Management.

The party, it seems, is over, and the market is now bracing for the inevitable hangover.

The post Cryptocurrencies fall as Trump-linked tokens and stocks come under pressure appeared first on CoinJournal.