Cointime

Cointime

Download App
iOS & Android
Home / Point

Trump Family Transfers Over 20 Billion WLFI Tokens to New Ownership Contract to Facilitate Future Sales

On September 14, according to the Washington Sun, President Trump and other founders of World Liberty Financial have transferred over 20 billion WLFI tokens into a new ownership contract, clarifying the path to future liquidity, replacing the previous indefinite lock-up. On May 19, four wallets simultaneously transferred their holdings into this contract, with one allocation matching Trump's disclosed holdings and the other three believed to correspond to allocations held by family members. According to governance rules approved in May, founders can choose an indefinite lock-up or a new timeline—destroying 10% of the allocation and gradually unlocking the remaining tokens over three years after a two-year cliff period. These tokens are currently not available for sale. World Liberty Financial denies that this move is preparing for a sale, while critics argue that the founders voluntarily chose the only option that ultimately allows token liquidity. Reports indicate that retail investors have lost over $1 billion.

Comments

All Comments

Recommended for you

  • Nasdaq Golden Dragon China Index Rises Over 0.5%

    On September 14, the Nasdaq Golden Dragon China Index rose over 0.5%. Tianyan Pharmaceutical increased by 3.82%, Li Auto by 3.77%, iQIYI by 2.90%, Dingdong Maicai by 2.57%, and Lufax Holding by 2.48%.

  • Amundi Purchases 2-Year U.S. Treasury Bonds, Bets on High Oil Prices and Financing Costs Weighing on U.S. Economy

    Amundi, with assets under management of $2.8 trillion, has begun purchasing 2-year U.S. Treasury bonds and has closed its short positions on U.S. short-term interest rates. Portfolio manager Nicolas Dahan believes that rising oil prices to $100 per barrel and soaring financing costs increase the risk of a slowdown in the U.S. economy. As the yield on 2-year U.S. Treasury bonds rises above 4.50%, their appeal as a safe-haven asset increases. Amundi is reallocating its bond investments in the U.S., Europe, and the UK while extending the duration of its portfolio.

  • Pinterest Partners with NVIDIA to Build New AI Capability Module

    On September 14, Pinterest announced its collaboration with NVIDIA to develop a new AI capability module.

  • Coinbase CEO: Tokenized Stocks Set Industry Standard, Global Investors Access $70 Trillion US Stock Market

    On September 14, Coinbase CEO Brian Armstrong posted on the X platform with a video stating that Coinbase's tokenized stocks have set the industry standard. He emphasized that this product does not involve synthetic products or debt instruments, but rather represents fully-backed securities that can be redeemed for underlying shares, with dividends integrated and voting rights soon to be introduced. Armstrong pointed out that this means global investors and institutions can access the US stock market valued at over $70 trillion, built on a solid foundation.

  • Trump: Russia and Ukraine Agree Not to Strike Each Other's Energy Targets

    On September 14, U.S. President Trump stated that Ukraine has agreed not to strike Russian energy facilities, and Russia has also agreed to take similar measures. If these arrangements are implemented, attacks on energy infrastructure by both Russia and Ukraine may be alleviated. Trump also noted that the recent rise in global diesel prices is primarily caused by the Russia-Ukraine war, rather than the situation in Iran.

  • U.S. and Brent Crude Oil Prices Drop by $1.4

    U.S. and Brent crude oil prices have dropped by $1.4, currently reported at $98.749 per barrel and $104.29 per barrel, respectively. Trump stated that Russia and Ukraine have agreed not to target each other's energy facilities.

  • Fed's Rate Hike in September Almost Certain, Analysts Say Current Conditions Resemble the 1990s Rather Than 2022

    On September 14, news emerged that following a rise in the U.S. core CPI in August, expectations for a Federal Reserve rate hike in September have surged, making an increase this week a high-probability event. LPL Financial's analysis of six tightening cycles since 1994 shows that the S&P 500 has averaged negative returns in the first four months after the initial rate hike, with an average increase of 6.7% over 12 months and a median of 10.7%. Notably, after the rate hike in March 1997, the S&P 500 rose by 42% over the year, while after the March 2022 hike, the maximum drawdown was approximately 25%. LPL believes the current macroeconomic environment is more akin to the late 1990s: the economy remains resilient, inflation is below the peak levels of 2022, and the starting interest rates are already relatively high. The AI investment boom may support capital expenditures. However, the firm does not expect a simple replication of the 42% increase seen in 1997, and the scale of this tightening cycle is unlikely to approach the cumulative 5.25 percentage points seen from 2022 to 2023.

  • U.S. 10-Year Treasury Yield Rises to 5%, First Time in Nearly Three Years

    On September 14, the yield on U.S. 10-year Treasury bonds rose to 5%, marking the first time in nearly three years.

  • 10-Year U.S. Treasury Yield Surpasses 5% Ahead of Federal Reserve Decision

    On September 14, ahead of this week's Federal Reserve meeting, the benchmark 10-year U.S. Treasury yield rose to the critical psychological level of 5% on Monday, marking the first time in nearly three years. The market widely expects the Federal Reserve to raise interest rates to curb inflation. Data released last Friday showed that consumer prices in the U.S. accelerated in August, intensifying market expectations for a rate hike by the Fed to tackle inflation. Tom di Galoma, Managing Director at Mishler Financial, stated that this "could be the last straw that breaks the camel's back." Over the past month, yields have continued to rise due to increasing rate hike expectations, a surge in corporate and government debt supply, optimistic economic growth prospects, and concerns about the long-term fiscal path of the U.S. Galoma noted, "Our budget, deficit, and overall debt structure continue to expand." Moving forward, whether the 10-year Treasury yield can maintain its position above 5% will be a critical test of whether the economy and stock market can support higher interest rate levels.

  • Burry, Prototype of 'The Big Short': AI Leaders' Call to Slow Development is 'Selfish' and Humans Need Not Fear

    On September 14, Business Insider reported that Michael Burry, the investor who inspired 'The Big Short', stated in a post on X platform on Sunday night that the calls from executives at AI companies like OpenAI and Anthropic to slow down AI development are 'selfish'. Burry outlined four reasons: first, large language models are not AI and will not become AGI, so there is nothing to slow down; second, slowing down benefits incumbents and hinders smaller competitors; third, promoting AI as an extinction-level threat fuels the 'hype and boasting' that supports IPOs; fourth, the intention to slow down provides cover for 'truly uncontrollable growth slowdowns'. Burry further stated in his Substack that the support from senior executives at Anthropic and OpenAI for slowing down is 'to enhance their perceived power before an IPO', and claimed that models like Claude and ChatGPT do not achieve true reasoning capabilities. Previously, AI leaders such as Sam Altman and Dario Amodei have called for a slowdown, with Musk also expressing support.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company