DeFI News by Thebittimes.Com

The Trump family has quietly decreased its stake in the crypto platform World Liberty Financial (WLF) amid growing scrutiny of the Trumps’ crypto involvement. According to the June 19 report by Forbes, DT Marks DeFi LLC, an umbrella company that is controlled by the Trumps, held a 75% stake in WLF as of December 2024.  But WLF’s website said the company owned “approximately 60%” as of January. Then, the stake was reduced to 40% at some point after June 8, the report said.  It’s unclear whether the move was profitable for the Trump family. An Analysis by Forbes suggested the proceeds from this sale could amount to millions of dollars. World Liberty Financial Starts Issuing Stablecoin As GENIUS Act Progresses The Trump family is active in numerous crypto ventures. Most recently, their WLF company started issuing its USD1 stablecoin, a crypto pegged 1:1 to the US Dollar. This is as the landmark GENIUS Act progresses through the legislative p...

US congressman Mike Collins has reportedly been making ‘pretty wild day trades,’ according to crypto analytical firm Quiver Quantitative. In an X (formerly Twitter) post on Monday, Quiver claimed that Collins bought up to $50,000 of an altcoin called Aerodrome on July 6. Then, on August 4, he sold the coins before rebuying them on August 5. “Pretty wild trading from a member of Congress,” Quiver noted.   i'm sure this will end well https://t.co/Tip7WxYmm7 — ⚯ M Cryptadamus ⚯ | @[email protected] (@Cryptadamist) August 26, 2024 While Quiver claimed Collins bought Aredrome on July 26, the screenshot suggests it was instead bought on July 6. Read more: No, California is not adopting bitcoin According to Quiver, Collins also bought up to $15,000 worth of a coin called Velodrome in May and sold up to $15,000 of The Graph, Aerodrome, and Velodrome between June 23 and June 24.   He also reported two ether trades totaling $65,000 in early 2024 and has report...