Eric Trump, co-founder of World Liberty Financial, along with partners, has signed a non-control pledge to stay out of management of the company's future federal deposit bank. This move aligns with regulatory requirements as World Liberty seeks approval from the Office of the Comptroller of the Currency (OCC) to hold reserves for its stablecoin USD1 internally. However, the company faces ongoing legal challenges, including a lawsuit from major investor Justin Sun alleging frozen tokens and blocked voting rights. Additionally, concerns arise from risky loan practices and political criticisms. The regulatory environment in the U.S. is becoming more favorable to crypto banks, with similar approvals granted to Ripple, Paxos, Fidelity, and Coinbase. Despite the pledge, questions remain about World Liberty's governance and financial stability as it navigates these challenges.
Bitcoin.com Wallet has integrated native TRON network support, allowing its 85 million users to hold, send, receive, swap, and buy TRC20 tokens like TRX and USDT directly within the app. This update, available on iOS, Android, and web, taps into TRON...
Justin Sun and World Liberty Financial are embroiled in a legal battle over frozen crypto tokens valued up to $1 billion. A recent California court hearing did not deliver a final ruling but suggested that many of Sun's corporate claims should go to ...
Bitcoin surged close to $75,000, rising nearly 8% in 24 hours and 18% over the past week, fueled by a wave of short liquidations exceeding $4 billion in two days. This rapid price increase forced bearish traders to close positions, adding momentum to...
TRON's TRX token is showing strength around $0.333, supported by a treasury buildup to over 710 million TRX and $100 million inflows via deBridge in the last 30 days. The token maintains key support at $0.3224, with resistance levels at $0.3387 and h...
Ether surged 18% to above $2,250, leading a broad crypto rally that also boosted Bitcoin by nearly 8% to over $69,100, Solana by 10%, and XRP by 10%. The rally was sparked by the US Treasury's expansion of bond buyback operations, which improved liqu...
