The crypto company tied to the US president and his family unlocked 24.6 billion tokens, making their holdings worth about $5 billion. An entity tied to US President Donald Trump’s family now holds about $5 billion worth of World Liberty Financial’s governance token (WLFI) after a significant unlock on Monday. According to World Liberty Financial’s website, DT Marks DEFI LLC and “certain family members” of Trump held 22.5 billion WLFI tokens. The company reported unlocking 24.6 billion WLFI tokens on Monday as part of a scheduled move to establish an initial circulating supply, briefly boosting the price to $0.40 before it fell to about $0.21 at time of publication. World Liberty previously said the holdings of its founders — including Trump and his three sons, Donald Trump Jr., Barron Trump and Eric Trump — would initially remain locked. However, Monday’s unlocking effectively gave the Trump family’s stake a valuation of about $5 billion based on the WLFI price at the time of publication. Read more
The United Arab Emirates has become a hot spot for the crypto industry as clear regulatory frameworks and no tax on crypto profits has driven interest in digital assets. RAK Properties, one of the largest publicly traded real estate company in the Ras Al Khaimah emirate of the United Arab Emirates (UAE), will start accepting cryptocurrency for international property transactions. According to a Monday announcement, RAK Properties will begin accepting payments in Bitcoin (BTC), Ether (ETH) and Tether’s USDt (USDT), among others. The move underscores the growing adoption of digital assets in the UAE, a sector projected to become one of the country’s largest in the coming years. Crypto transactions will be handled by Hubpay, a global payments platform based in the region. Hubpay will convert digital assets into the UAE’s local fiat currency before depositing them into RAK's accounts. Read more
Bitcoin bulls are trying to push the price back above $110,530, but bears continue to sell breakouts and the range highs. Will altcoins catch a bounce? Key points: Bitcoin bulls will have to quickly push the price back above the 20-day EMA to prevent a collapse to $105,000. The shallow pullback in select altcoins suggests that the investors are not hurrying to sell them as they anticipate the up move to continue. Read more