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World Liberty Financial (WLFI), Donald Trump’s family project, hits the floor as token sale value reaches $220 million within first hour despite website crash did. What Happened: The WLFI token sale began with over 344 million tokens sold to approximately 3,000 unique wallets. CoinDesk reports that wallets associated with the token hold nearly $4 million in Ethereum ETH/USD, $1.2 million in Tether USDT/USD, and approximately $250,000 in USD Coin USDC/USD tokens. That’s what it means. The WLFI token will serve as a platform governance token, allowing users to borrow, lend, and participate in other DeFi activities. The project aims to…

Important points Litecoin briefly rose above $70 after Canary Capital filed for a Litecoin ETF with the SEC. Given that the SEC considers most crypto assets to be securities, it remains unclear whether ETFs will get the green light. Share this article Litecoin (LTC) briefly rose 10% to $70.8 after crypto-focused investment management firm Canary Capital formally submitted its application for the proposed Spot Litecoin ETF. Ta.Canary’s application makes it the first entity to seek approval for an ETF that tracks the spot price of LTC, which currently ranks 27th among crypto assets by market capitalization, according to CoinGecko data.Over…

Blockchain games continue to capture user interest, with titles like Off the Grid reaching new heights of popularity. Meanwhile, the MemeBet token is set to become the next big play-to-earn opportunity, offering MemeCoin holders a unique gaming experience and high rewards. Important points: – Blockchain battle royale game Off the Grid overtakes traditional video games in popularity on Epic Games Store – MemeBet Token offers MemeCoin holders a new play-to-earn model, allowing them to increase their holdings through Meme-style blockchain games. – Memebet token pre-sale raised over $460,000, huge rewards expected for early investors Blockchain games have come a long…

Paxos has launched a new platform called Stablecoin Payments Platform, with Stripe as its first customer. The platform simplifies the process for businesses to accept stablecoins. Stablecoins are cryptocurrencies that maintain a value comparable to traditional currencies such as the US dollar. Paxos, known for its secure and regulated blockchain services, has partnered with leading payment processing company Stripe. Together, they streamline the use of stablecoins in transactions, fusing Paxos’ stablecoin technology with Stripe’s trusted payments system. The platform allows businesses to accept payments in stablecoins, offering faster transactions and lower fees than traditional methods. It seamlessly integrates with existing…

Each cryptocurrency company, large or small, is making an impact on the industry. The amazing thing about cryptocurrencies is that businesses don’t need to hire thousands of employees to be successful. All you need is a great idea and great execution. This kind of brilliant thinking has led to the birth of many successful cryptocurrency companies, making them industry leaders and early adopters with innovative ideas. If you wake up early, you will be infected by the cryptocurrency worm, and companies aim to wake up before sunrise. Competition is fierce, so only a few can make it to the top.…

Canary Capital has filed a registration statement for a Litecoin LTC -0.12% exchange-traded fund with the U.S. Securities and Exchange Commission, days after doing the same for its XRP product.The cryptocurrency investment firm filed an S-1 registration statement for the Canary Litecoin ETF on Tuesday. The fund aims to “provide exposure to the value of LTC held by the trust,” according to the filing. The names of the administrators and managers have not been disclosed.Steven McClurg founded Canary Capital and previously founded Valkyrie Funds, which manages other spot crypto ETFs.Canary Capital said in a statement that Litecoin plays a “leading…

A barometer that closely monitors options market activity suggests investors may be getting a little too comfortable with the stock’s upward trajectory.According to Dow Jones Market Data, CBOE stock’s put-call ratio (which compares bearish put option trading activity to bullish call option trading activity associated with individual stocks) rose late last week. It fell to 0.44, the lowest level since July 11, 2023. The ratio rose slightly on Monday, but remained at a significantly lower level of 0.5.Jonathan Baird, publisher of the Global Investment Letter, said that in the past, when this ratio fell below 0.5, it was usually followed…

Bitcoin technology company Blockstream has raised $210 million through convertible debt financing in its latest funding round. Blockstream said in a statement on Tuesday that Flugur Ventures, a venture capital firm specializing in cryptocurrencies, led the funding. In addition to expanding its mining operations, the company plans to use the funds to build layer 2 solutions. Dr. Adam Back, co-founder and CEO of Blockstream, said: “We are entering an important new phase of growth to further bridge the gap between Bitcoin and the broader financial world. “This latest funding represents a defining moment for Blockstream as we embark on this…

According to CoinDesk and ChainCatcher News, Ripple Research Institute has announced that exchange and market maker partners for the upcoming USD-pegged stablecoin RLUSD are awaiting regulatory approval from the New York Department of Financial Services (NYDFS). . Ripple has partnered with exchanges such as Bitstamp, Bitso, and Blish, while Keylock and B2C2 will act as market makers for RLUSD. Ripple Labs President Monica Long said RLUSD will serve as an important bridge between payments and the tokenization of real assets, and will be backed by short-term U.S. Treasuries, dollar deposits, and cash equivalents. RLUSD will be tested on the XRP…

Ethereum could be exposed to volatility as open interest and appetite for leverage explodes. Determining why prolonged liquidations are huge when prices retreat in favor of the bears. Ethereum (ETH) has been in the spotlight again this week, and nowhere is this more evident than in its open interest. This comes amid a resurgence of bullish activity over the weekend. The open interest of the altcoin king has registered a significant spike in the past 24 hours. This is the most active in the past five months and requires deeper investigation into what it means for ETH. The fact that…