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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
PM Keir Starmer facing his biggest leadership crisis yet
UK PM Keir Starmer faces pressure over Epstein links and party unrest, with approval at 20% amid resignation calls.
PM Keir Starmer faces pressure over Epstein links and party unrest, with approval at 20% amid resignation calls.
British Prime Minister Sir Keir Starmer is under intense political pressure as he risks becoming the first UK leader linked to the Epstein scandal. His approval rating has plummeted to just 20 percent, leaving him vulnerable to criticism from within Labour and raising fresh questions about his leadership.
The party has faced further turbulence following the resignation of Peter Mandelson, who stepped down amid revelations over his ambassadorial appointment and an ongoing police investigation. This latest development has intensified scrutiny on Labour’s senior figures and added to concerns about instability at the top.
Opposition from Labour lawmakers continues to grow, with increasing calls for Starmer to resign despite support from cabinet members. Many fear that a leadership challenge could deepen divisions within the party and create wider economic uncertainty.
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Sydney protests intensify as police arrest dozens during Herzog visit
Protesters clashed with police in Sydney, resulting in 27 arrests amid tensions over Israeli President Herzog’s visit.
Protesters clashed with police in Sydney, resulting in 27 arrests amid tensions over Israeli President Herzog’s visit.
Tensions flared in Sydney on Thursday as protesters clashed with police during a rally opposing the visit of Israeli President Isaac Herzog. Authorities arrested 27 people, including 10 accused of assaulting officers, after crowds attempted to breach barricades near the city.
Hundreds of police were deployed to enforce new protest restrictions, introduced following recent violent demonstrations, and pepper spray was used as officers tried to maintain order. Protesters waved Palestinian flags and carried signs condemning the ongoing conflict in Gaza, voicing anger over the timing of Mr Herzog’s visit.
The unrest highlights the ongoing tensions surrounding international politics and local security measures, with authorities balancing the right to protest against public safety concerns.
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Liberal and Nationals reunite after political split
Australia’s major parties restore Coalition unity after three weeks, with Nationals frontbenchers rejoining shadow cabinet and ministers pledging commitment.
Australia’s major parties restore Coalition unity after three weeks, with Nationals frontbenchers rejoining shadow cabinet and ministers pledging commitment.
Australia’s Liberal and National parties have agreed to restore their historic Coalition partnership after a three-week split, marking their second reconciliation in under a year. The deal ensures stability ahead of upcoming political challenges.
Under the agreement, Nationals frontbenchers will return to the shadow cabinet by March 1. This move signals a return to unified leadership as both parties aim to present a stronger front in parliament.
As part of the compromise, three senators who broke party solidarity during a recent vote face a six-week suspension. All shadow ministers will also sign an agreement to uphold cabinet unity and prevent future splits.
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