News
Trump’s World Liberty token plummets on debut trading
Trump family’s World Liberty token tumbles on first trading day, falling 12% to $0.246 after initial debut
Trump family’s World Liberty token tumbles on first trading day, falling 12% to $0.246 after initial debut
– World Liberty Financial’s new tokens linked to Trump’s cryptocurrency venture dropped 12% on their first trading day.
– The Trump family has reportedly earned around $500 million from this cryptocurrency venture amid ongoing criticism.
New digital tokens from World Liberty Financial, linked to Donald Trump’s cryptocurrency venture, experienced a drop in their first trading day. According to Reuters, the World Liberty tokens, or $WLFI, were introduced following last year’s launch of a decentralised finance platform by the Trump family and its partners.
Initially priced over $0.30, the tokens fell by approximately 12% to $0.246, resulting in a market capitalisation just under $7 billion, placing WLFI as the 31st largest cryptocurrency, as per CoinGecko data. Major exchanges like Binance and OKX are facilitating token trades.
Since the venture’s inception, the Trump family reportedly earned around $500 million. While investors initially could not trade the tokens, recent changes allowed a portion of their holdings to be sold, potentially heightening speculative interest among investors.
Criticism Persist
The Trump family’s engagement in cryptocurrencies has drawn scrutiny from Democratic lawmakers and ethics experts. They argue that these activities may pose conflicts of interest amid regulatory changes concerning digital currencies, though the White House maintains that assets are held in a trust.
News
SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.
Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.
Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.
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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech
News
Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.
Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.
As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.
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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates
News
RBA rate hike fears & Fed cuts shake Wall Street
Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.
Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.
Fresh jobs data has sparked speculation that the Reserve Bank of Australia may raise rates sooner than expected. Market watchers are weighing how steady unemployment may mask deeper labor-market weaknesses and what that means for the Australian economy.
Kyle Rodda from Capital.com breaks down why some economists now expect the RBA could move twice in 2026 and how tighter financial conditions may influence households and businesses.
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#RBA #FedRateCut #WallStreet #InterestRates #AustralianEconomy #Investing #Markets #FinanceNews
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