Transaction URL: https://etherscan.io/tx/0x65c857ab128c41343463b83c6ee421bf0ce10795e7474798cddc2e4950be3254
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The Trump-linked World Liberty Financial (WLFI) token sale is live and so far, underwhelming.
It’s been overshadowed by an AI-propelled memecoin tied to the old-school vulgar internet meme, goatse.
(Please, if you’re unfamiliar with any of the goatse stuff, don’t Google it at work or with anyone around you, because it will absolutely get weird and NSFW.)
The World Liberty Financial platform is pitched as a DeFi lending and stablecoin protocol, which would allow users to earn a yield on their digital assets. As of Wednesday morning, the WLF team had sold over $11.1 million worth of governance tokens as part of its presale, which opened on Tuesday.
Read more: The details behind…
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This post is long overdue.
I talk about Bitcoin a lot. In any given week, I’ll have dozens of conversations about bitcoin with various people across different sectors. And like a pendulum oscillating every other year, the narrative of bitcoin not being a medium of exchange keeps coming back. I get it. When influencers from the community are pushing this narrative, people listen. They’re influencers.
But in this post, I want to set the record straight: Bitcoin IS a medium of exchange, now and in the future. What’s more, its future as a store of value (SoV) depends on its acceptance as a medium of exchange (MoE). Some of the people pushing the (false) dichotomy between bitcoin as a…
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Grayscale is seeking to transition its Digital Large Cap Fund into an ETF, an initiative highlighted in a recent Wall Street Journal report. The fund, which manages around $524 million, is predominantly invested in Bitcoin (75%) and Ethereum (19%), with additional stakes in Solana, XRP, and AVAX. This move aligns with Grayscale’s successful conversion of its Bitcoin and Ethereum trusts into spot ETFs earlier this year.
The SEC’s recent approvals of spot ETFs for Bitcoin and Ether marked a pivotal shift, ending a long-standing pattern of rejections. This regulatory transformation, spurred by a court ruling favoring Grayscale, has ignited a surge in asset prices and motivated numerous filings for new ETFs encompassing a range of cryptocurrencies.
Grayscale’s latest filing not only underscores its ambition to broaden its ETF portfolio but also reflects a growing investor appetite for diverse digital assets. If approved, this would be Grayscale’s fifth ETF launch in the year, reinforcing its strategy to meet the expanding market demand for varied crypto investments.