crypto

Sage D. Young1/8/26

Trump-connected WLFI token jumps to 3-month high on news of banking application

World Liberty Financial’s token, WLFI, is the top cryptocurrency gainer in the last 24 hours, peaking at a three-month high of 18.5 cents after the Donald Trump-backed crypto firm announced that a proposed entity has applied for a US banking charter.

According to a press release, World Liberty Trust Company filed a de novo application with the Office of the Comptroller of the Currency, a branch of the US Treasury Department tasked with supervising and regulating national banks.

With a national trust bank charter, World Liberty Trust can issue USD1, the dollar-backed stablecoin rolled out by World Liberty Financial last year. The trust company also plans to offer digital asset custody and stablecoin conversion services.

Even though World Liberty Financial and World Liberty Trust Company share similar branding and names, the ownership and operating structures are different, a statement provided to CoinDesk explained. President Trump is labeled as World Liberty Financial’s cofounder emeritus, while his three sons, Eric, Donald Jr., and Barron, are cited as cofounders.

The Office of the Comptroller of the Currency under the Trump administration has already approved bank charter applications from several firms, including Circle Internet Group, Ripple, and BitGo, which maintains all reserve assets backing USD1.

Exclusive | World Liberty, Flagship in Trumps’ Crypto Fleet, Seeks a U.S. Banking License

Exclusive | World Liberty, Flagship in Trumps’ Crypto Fleet, Seeks a U.S. Banking License

With a national trust bank charter, World Liberty Trust can issue USD1, the dollar-backed stablecoin rolled out by World Liberty Financial last year. The trust company also plans to offer digital asset custody and stablecoin conversion services.

Even though World Liberty Financial and World Liberty Trust Company share similar branding and names, the ownership and operating structures are different, a statement provided to CoinDesk explained. President Trump is labeled as World Liberty Financial’s cofounder emeritus, while his three sons, Eric, Donald Jr., and Barron, are cited as cofounders.

The Office of the Comptroller of the Currency under the Trump administration has already approved bank charter applications from several firms, including Circle Internet Group, Ripple, and BitGo, which maintains all reserve assets backing USD1.

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Trump-backed World Liberty says "we are nowhere near liquidation" as token slips to all-time low

The team borrowed stablecoins by leveraging $5 billion worth of WLFI as collateral, igniting skepticism among those in crypto whether World Liberty would repay its debt.

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TD Cowen initiates coverage of flailing Nakamoto with “buy” rating while cutting Strategy’s price target

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crypto

Sage D. Young4/8/26

Crypto industry lifts on news of Iran ceasefire

News of a ceasefire between the US and Iran has sent cryptocurrencies and digital asset equities rallying, with privacy-focused token Zcash jumping 27% in the last 24 hours and leading market gains.

The price swing, which helped boost the total crypto market capitalization by 4.8% in the period, has resulted in $474.7 million in short positions liquidated worldwide, data from CoinGlass shows.

Since the ceasefire was announced:

Altcoins and memecoins including ethereum, XRP, trump and hype are in the black.
Ethereum treasury firms BitMine Immersion Technologies, SharpLink Gaming, and Bit Digital are up in early trading, as are solana treasury firms Upexi and DeFi Development Corp.
Circle, known for the second-largest stablecoin, USDC, and crypto liquidity provider Galaxy Digital, which is also developing its data center business, are both up on Wednesday morning.
Bitcoin treasury firms Strategy, Strive Inc., and American Bitcoin are catching a bid as bitcoin rises.
Crypto trading venues Coinbase and Robinhood have both benefited from rising crypto markets and general market risk-on sentiment.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Yaël Bizouati-Kennedy

Bitcoin jumps to 3-week high on Iran ceasefire announcement

Whether the rally is sustainable remains to be seen, but at the $71,000 level, bitcoin is back at the critical resistance level it’s been attempting to break for the past few months.

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