Crypto
crypto
Yaël Bizouati-Kennedy

Trump keeps the crypto news coming with stablecoin announcement

It’s a busy day for Trump-related financial announcements. World Liberty Financial (WLFI), the Trump family-backed DeFi crypto project, announced it will launch a stablecoin, with “no games. No gimmicks. Just real stability.”

The dollar-pegged stablecoin will be “100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents.”

The firm plans to mint the tokens on both ethereum and Binance Smart Chain, “with plans to expand to other protocols in the future.”

BitGo will custody the reserves.

Zach Witkoff, WLFI cofounder, said in a press release:

“We’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border transactions.”

The news comes on the heels of Trump Media & Technology Group saying it’s partnered with Crypto.com to launch a slew of ETFs via the Truth.Fi fintech brand. DJT soared on the news and is up 9% as of 11:00 a.m. ET.

Truth.fi was launched in January and filed several trademarks for “America-first” ETFs in February.

World Liberty Financial Plans to Launch USD1, the Institutional-Ready Stablecoin

The dollar-pegged stablecoin will be “100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents.”

The firm plans to mint the tokens on both ethereum and Binance Smart Chain, “with plans to expand to other protocols in the future.”

BitGo will custody the reserves.

Zach Witkoff, WLFI cofounder, said in a press release:

“We’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border transactions.”

The news comes on the heels of Trump Media & Technology Group saying it’s partnered with Crypto.com to launch a slew of ETFs via the Truth.Fi fintech brand. DJT soared on the news and is up 9% as of 11:00 a.m. ET.

Truth.fi was launched in January and filed several trademarks for “America-first” ETFs in February.

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Yaël Bizouati-Kennedy
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The second half of the year might be more auspicious for bitcoin

“Winter is over. Welcome back to crypto Spring,” one analyst declared.

Bitcoin
Yaël Bizouati-Kennedy
6/11/26
Investors slice $2 billion out of bitcoin ETFs so far in June

The rate of outflows puts the funds on track to far surpass May’s losses.

bitcoin cake
$389M
Sage D. Young

US Attorney David Metcalf announced Thursday the arrests of Ruslan Igorevich Tkachuk and Alexander Vladimirovich Ledenev, alleged senior members of AudiA6, a cryptocurrency money-laundering service believed to be responsible for laundering over $389 million.

The arrests coincided with a coordinated international takedown of AudiA6 and its infrastructure, involving the search of three properties, the seizure of servers and domains connected to the organization, as well as freezing cryptocurrency assets, according to a Department of Justice press release.

Tkachuk and Ledenev were “charged by criminal complaint with one count of conspiracy to launder monetary instruments and one count of sting money laundering,” the DOJ said. If convicted, they face a maximum possible sentence of 20 years of incarceration.

Per the criminal complaint, AudiA6 offered services to conceal the origin of cryptocurrency linked to criminal activity, charging fees of up to 5% of the amount laundered.

The two defendants are in custody of Republic of Georgia authorities, and the US Attorney’s Office aims to seek their extradition to the Eastern District of Pennsylvania.

crypto
Sage D. Young

Solana shoves all in on poker with new partnership

If you’ve got money locked up on-chain and an itch to gamble with it in a new way, has the World Series of Poker got good news for you. The WSOP announced it will integrate solana’s blockchain technology into the tournament through crypto payments firm MoonPay.

At its big summer event, players will have the option to buy into tournaments using crypto directly for the first time. In the WSOP’s Bahamas event in December, winners will be able to receive settlements in stablecoins on solana, reducing friction with international settlements.

“Solana’s ecosystem, like the WSOP, constantly challenges conventions and remains laser-focused on the consumer experience,” WSOP CEO Ty Stewart said in a statement. “Solana’s speed and efficiency mirror the fast-paced energy of our tournaments, and we are excited to showcase their technology to our global audience.”

The price of solana dipped slightly today, but has dropped more than 48% in 2026, data from CoinMarketCap shows.

Solana has been a popular network, in part from meme coin trading over the past two years, involving viral animal sensations as well as political figures such as President Donald Trump and first lady Melania Trump as well as Argentine President Javier Milei.

Yaël Bizouati-Kennedy
6/10/26
Half of the bitcoin supply in circulation is underwater for the first time since 2022

A silver lining to the statistic may be that it’s a level that has historically aligned with cycle bottoms, and that some now view the asset as cheap.

Bitcoin sign

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