“We have never seen financial conflicts or corruption of this magnitude,” said Senator Elizabeth Warren on US President Donald Trump's links to World Liberty Financial. US Senator Elizabeth Warren is pressuring the country’s banking regulator to hold off on considering World Liberty Financial’s bid for a bank charter until US President Donald Trump divests his interest in the crypto platform. In a letter on Tuesday, Warren asked Comptroller of the Currency, Jonathan Gould, to delay reviewing World Liberty’s application for a national trust bank until Trump “eliminates all financial conflicts of interest involving himself or his family and the company.” “We have never seen financial conflicts or corruption of this magnitude,” Warren said. “The United States Congress failed to address them when it passed the GENIUS Act into law—so it is incumbent for the Senate to address these real and serious conflicts of interest as it considers crypto market structure legislation.” Read more
An average of 327,000 wallets were created each day on average over the past week, likely pushed by a flurry of financial activity combined with recent network upgrades. A combination of protocol-level upgrades, stablecoin activity, and a shift in crypto sentiment has helped push Ether wallet creation to its highest levels in history. Over the last week, an average of 327,000 new wallets have been created per day, with Sunday recording the highest number ever for a single day at over 393,000, Santiment analysts said in an X post on Tuesday. New wallets can signal that fresh users, developers, or institutions are entering the ecosystem. Read more
Ugandan officials claimed that they could also shut down the internet-free, encrypted messaging app last week, but haven't done so yet. Bitchat has become the most-downloaded app in Uganda as state officials confirmed that internet access has been cut off and will remain inaccessible during the presidential election, which starts on Thursday. It marks the third straight election in which Ugandan authorities have cut internet access, a move officials said is necessary to mitigate the spread of online misinformation. However, critics argue that shutting off the internet suppresses election-related information and can potentially manipulate the outcome. Read more