Schlagwort: crypto business

• WLFI burns 7.89M tokens ($1.43M) following $1.06M buyback to reduce circulating supply.
• 99% of WLFI holders approved burn plan; program excludes community liquidity pools.
• Trump family controls $5B in WLFI; token trades at $0.2049 after recent market volatility.

World Liberty Financial (WLFI), a decentralized finance (DeFi) project affiliated with US President Donald Trump, has executed a significant token burn, removing 7.89 million WLFI tokens from circulation, valued at roughly $1.43 million.

The burn follows a $1.06 million buyback across multiple blockchain networks, part of a strategy approved by WLFI holders to stabilize token supply and market dynamics.

WLFI token burn and buyback details

According to onchain data compiled by Lookonchain, the WLFI team collected 4.91 million WLFI (approximately $1.01 million) along with $1.06 million in fees and earnings from liquidity operations.

These funds were used to repurchase 6.04 million WLFI on the open market.

Following these transactions, the team burned 7.89 million WLFI tokens on both the BNB Smart Chain (BNB) and Ethereum (ETH) networks.

A total of 3.06 million WLFI ($638,000) remains on Solana (SOL), with the project indicating that further burns may occur.

The token burn program aims to permanently reduce WLFI’s circulating supply, thereby alleviating selling pressure and supporting market stability.

Community and third-party liquidity pools are not included in the burn process, with the initiative relying solely on fees generated from WLFI-managed liquidity pools.

Governance approval and market context

The burn plan was approved via governance vote earlier this month, with overwhelming support: 99% of WLFI holders voted in favor.

This approval demonstrates strong alignment between the community and the project’s management regarding strategies to manage token supply and enhance long-term value.

The WLFI price has experienced significant fluctuations, falling roughly 33% over the past month.

As of Saturday, the token was trading at $0.2049, marking a 6% increase over the past 24 hours, according to CoinGecko.

Despite this rebound, WLFI remains down more than 38% from its all-time high.

Market analysts and onchain observers have noted that the burn could potentially remove up to 4 million WLFI per day, translating to nearly 2% of the total supply annually, although exact figures have yet to be confirmed.

Trump family holdings and token unlocks

The WLFI project has drawn additional attention due to its connection with the Trump family.

Entities linked to President Donald Trump reportedly control around $5 billion worth of WLFI tokens following a scheduled unlock of 24.6 billion tokens earlier this month.

Initial holders listed on the project’s website include DT Marks DEFI LLC and family members Donald Jr., Barron, and Eric Trump, who collectively held 22.5 billion WLFI.

The token experienced a brief spike to $0.40 following the unlock before retreating to around $0.21.

This volatility highlights both the influence of large token holders and the potential impact of strategic buybacks and burns on market sentiment.

Outlook and implications

The WLFI token burn and repurchase program represents a deliberate effort by the project to strengthen market confidence and mitigate price declines amid recent volatility.

By leveraging governance-approved strategies and onchain revenue streams, WLFI aims to create a sustainable framework for value appreciation.

The project will likely continue monitoring supply and demand dynamics, with future burns on Solana pending further action.

For investors and observers, the ongoing management of WLFI supply, combined with significant holdings by high-profile individuals, underscores the complex interplay of DeFi mechanics and market sentiment in shaping token performance.

The post Trump affiliated World Liberty Financial executes $1.43M token burn amid WLFI market volatility appeared first on CoinJournal.

• Tether seeks $15–20B funding at $500B valuation with SoftBank and Ark in talks.
• A $500B valuation could make Tether one of the world’s largest private firms.
• SoftBank and Ark backing may boost Tether’s push for mainstream legitimacy.

Tether Holdings SA, the issuer of the world’s largest stablecoin, is in early discussions with major investors, including SoftBank Group Corp. and Ark Investment Management LLC, for a multibillion-dollar fundraising round that could place the company among the most valuable private firms globally, reported Bloomberg.

The fundraising effort could value Tether at as much as $500 billion.

The company is seeking between $15 billion and $20 billion in exchange for roughly a 3% stake through a private placement.

A potential $500 billion valuation

If successful, the fundraising would represent Tether’s largest attempt yet to secure external capital and could rank it alongside the most highly valued private companies in the world.

At a $500 billion valuation, Tether would surpass many global blue-chip firms in size, reflecting both the scale of its token issuance and the financial returns generated from its reserves.

Tether’s dollar-pegged stablecoin, USDT, is widely used to move value across crypto markets and beyond, offering a way for investors to transact outside of traditional banking systems.

Backed by cash-like assets, primarily US Treasuries, the company has earned substantial profits from interest income on these reserves.

Chief Executive Officer Paolo Ardoino leads the company, while co-founder Giancarlo Devasini serves as chairman and remains its largest shareholder.

Bloomberg estimated that a $500 billion valuation would value Devasini’s personal stake at nearly $224 billion.

Strategic backing from SoftBank and Ark

Tokyo-based SoftBank, led by founder Masayoshi Son, has a long history of making ambitious technology bets, ranging from self-driving cars to semiconductors and artificial intelligence.

A potential investment in Tether would align with its strategy of pursuing disruptive opportunities, including its planned $30 billion investment in OpenAI.

Ark Investment Management, led by Cathie Wood, has also shown strong interest in digital assets.

The firm has previously invested in Circle Internet Group Inc., Tether’s closest rival in the stablecoin space.

Circle’s USD Coin (USDC) currently has a market value of about $74 billion, compared with $173.5 billion worth of tokens issued by Tether.

The potential involvement of SoftBank and Ark could bolster Tether’s efforts to expand its footprint in mainstream finance and enhance its political legitimacy, particularly in the US, where the company has previously faced scrutiny over its role in facilitating illicit transactions.

Advisory role and industry impact

Cantor Fitzgerald LP, the New York-based investment bank led for years by current US Commerce Secretary Howard Lutnick, is advising Tether on the fundraising.

The firm also provides custody services for Tether’s assets, underscoring its key role in the company’s financial operations.

The fundraising comes as stablecoins increasingly attract attention from investors, regulators, and governments.

With US authorities preparing stricter oversight of digital assets, securing high-profile financial backers could prove vital for Tether’s positioning in global markets.

If the talks progress and funding is secured, Tether’s valuation would mark a milestone not only for the company but also for the broader cryptocurrency ecosystem, signaling the continued integration of digital assets into mainstream finance.

The post SoftBank and Ark consider backing Tether in funding round: report appeared first on CoinJournal.