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Crypto tokens from a new decentralized finance (DeFi) protocol World Liberty Financial (WLFI) were on sale yesterday, October 15, backed by former US President and current presidential candidate Donald Trump. However, technical faults resulted in website outages, preventing it from hitting the $5 million in sales within the first-hour mark. The WLFI token was kicked off with a goal of raising $300 million but inconsistent transaction processing led to a rocky start, casting doubt on the project’s credibility. Some analysts and traders were questioning if the system was ready for mainstream adoption. The WLFI token sale, initially restricted to whitelisted investors, commenced with an X Spaces broadcast notably lacking Trump's presence. This absence, coupled with the technical glitches, has fueled doubts within the crypto community regarding the project's legitimacy and long-term viability. Data from blockchain analytics firm Chainalysis highlighted gaps in the token availability which led to transaction processing issues. "We've observed irregular patterns in the WLFI token transactions, indicating potential backend problems or liquidity constraints," said Maria Gonzalez, a senior analyst at Chainalysis. Many crypto experts like the Chief Legal Officer of Variant Fund Jake Chervinsky criticized the timing of the WLFI token launch saying “The launch of a politically-affiliated token so close to a major election raises serious regulatory concerns. The SEC will likely scrutinize this project closely." Meanwhile, the Co-Founder of Money On Chain, Manuel Ferrari, said "The vast majority of people who will buy into Trump's DeFi project would be better served simply buying Bitcoin and holding." These concerns echo the mood across the crypto world where investors are weary of celebrity-endorsed digital assets. Although the WLFI token sale is claimed to be targeting accredited investors only, people are sceptical about it. The U.S. Securities and Exchange Commission (SEC) defines accredited investors as those with a net worth exceeding $1 million or an annual income of over $200,000. However, the project's apparent difficulty in managing sales to this exclusive group has raised eyebrows among financial experts. The WLFI website remains inaccessible although sporadic new transactions are happening. The coming days will be crucial in determining whether World Liberty Financial can overcome its initial hurdles and establish itself as a credible player in the increasingly crowded DeFi landscape.

Marathon Digital Holdings is making waves. The US-based Bitcoin mining firm has a new trick up its sleeve. They're stamping "Made in USA" on all Bitcoin blocks they mine stateside. The company announced this move on X. "MARA is Team USA, proudly declared in each American-made bitcoin block we mine," they wrote. CEO Fred Thiel is all in on this patriotic push. He's committed to labeling US-mined blocks with the stamp. Every block from their MARA Pool in the States will get the "Made in USA" tag. Thiel's pretty chuffed about it. He reckons Marathon's the only big player who can pull this off. "The only large scale miner who can do this because we run our own pool," he boasted. This stunt follows Donald Trump's recent Bitcoin comments. The presidential hopeful wants all remaining Bitcoin to be "Made in the USA." He made this claim on his social media platform, Truth Social. Trump sees Bitcoin as a potential shield. He thinks it could be "our last line of defense" against a central bank digital currency (CBDC). But not everyone's on the same page. Federal Reserve Chair Jerome Powell said in March that the US is "nowhere near" any form of CBDC. At the Bitcoin 2024 conference, Thiel shared his two cents. He reckons Bitcoin mining could "flourish" under Trump. The exec thinks Republicans have "seized the day" on this topic. Marathon Digital isn't just stamping Bitcoin. They're also buying it up like there's no tomorrow. On July 25, they snapped up $100 million worth of BTC as a treasury reserve asset. The company's going "full hodl" on Bitcoin. That's crypto-speak for holding onto their coins for dear life. They're not stopping there, either. On August 12, Marathon announced a $250 million offering of senior convertible notes. The plan? Use the cash to buy even more Bitcoin. Looks like they're betting big on the red, white, and blue of Bitcoin mining.

Donald Trump Jr. is entering the crypto arena. He's not messing around with memecoins. The eldest son of the former president is launching a decentralized finance platform. Trump Jr. spilled details during a Q&A on Locals. It happened on August 8. He's aiming to tackle inequality in banking access. But don't hold your breath. It's going to take a while. "What we're talking about is a larger type of platform," Trump Jr. said. It's not a memecoin. It's different. He didn't give a timeline. He just said it would be a "long time before we can do anything." The platform's goal? Taking on the banking system. Trump Jr. didn't mince words. "What we want to do is take on a lot of the banking world," he stated. He thinks there's inequality in financing. "This notion of decentralized finance is obviously very appealing to guys like me who have been debanked," he added. Rumors started swirling earlier. Trump Jr. tweeted about DeFi on August 7. Many thought it was about a memecoin. "We're about to shake up the crypto world with something HUGE. Decentralized finance is the future — don't get left behind," he posted. His brother, Eric Trump, chimed in too. On the same day, he tweeted: "I have truly fallen in love with crypto/DeFi. Stay tuned for a big announcement." During the Q&A, Trump Jr. addressed the Restore the Republic (RTR) memecoin rumors. The token had surged and crashed. False rumors linked it to the Trump family. Eric Trump denied any connection on August 8. His denial sent RTR crashing over 70%. Donald Trump Jr. also warned about fake tokens. He tweeted on August 8: "I love how much the crypto community is embracing Trump. It's absolutely incredible, but beware of fake tokens claiming to be part of the Trump project." He emphasized fairness. "The only official project will be announced directly by us, and it will be fair for everyone," Trump Jr. stated. The Trump family's foray into cryptocurrency marks a significant shift in their business ventures, potentially leveraging their political influence and media presence to disrupt the traditional banking sector through blockchain technology, despite facing scrutiny and skepticism from both the crypto community and traditional financial institutions, as they navigate the complex regulatory landscape surrounding digital assets and decentralized finance in a post-Trump presidency era. This move raises questions. Can the Trumps succeed in crypto? Will their political baggage help or hinder? Only time will tell. But one thing's for sure – the crypto world just got a whole lot more interesting.

Asset manager Bryan Courchesne dropped a bombshell. He suggested a future Trump administration might adopt Bitcoin as a strategic reserve asset. It's a wild idea, but is it feasible? Courchesne thinks so. He points to a surprising fact. The US Department of Justice already holds 200,000 BTC. That's a massive stash. Only the legendary Satoshi Nakamoto, the father of Bitcoin, has bigger holdings, and we don't even know if he is still alive, or has he ever existed after all. "The DOJ could simply transfer the Bitcoin to the Treasury," Courchesne explained. It's not rocket science, folks. This chatter isn't coming out of thin air. Trump recently voiced support for the digital asset industry. His choice of running mate, JD Vance, is a known Bitcoin holder. The idea isn't as far-fetched as it sounds. Bitcoin's fixed supply of 21 million makes it attractive. It's seen as a hedge against currency devaluations and geopolitical turmoil. Billionaire Mark Cuban has painted a vivid picture. He envisions a world where widespread inflation drives people to Bitcoin. In this scenario, Bitcoin becomes a global reserve currency organically. Data from high-inflation countries backs this up. Argentina, Venezuela, and Turkey are seeing shifts towards cryptocurrencies. But not everyone's buying it. Ari Paul, founder of BlockTower Capital, is skeptical. He puts the odds at 10:1 against Bitcoin becoming a US strategic reserve asset in the next four years. Paul raises a valid point. Even if a future president announces the US won't sell its Bitcoin, it doesn't mean an official strategic reserve will be established.

Mark Cuban, the billionaire Shark Tank star, sees a perfect storm brewing for Bitcoin. He reckons the cryptocurrency could skyrocket under a potential Trump presidency. Cuban shared his thoughts with his 8.8 million X followers. He thinks Silicon Valley's growing support for Trump is a "Bitcoin play". Why? Cuban believes Trump would make it easier to run crypto businesses in the US. He expects "inevitable and required" changes at the SEC. But that's not all. Cuban points to other factors that could drive Bitcoin higher. "What will drive the price of BTC is lower tax rates and tariffs, which if history is any guide (and it's not always), will be inflationary," he says. He adds, "Combine that with global uncertainty as to the geopolitical role of the USA, and the impact on the US dollar as a reserve currency, and you can't align the stars any better for a BTC price acceleration." Once Trump's in power and geopolitical uncertainty sets in, Cuban reckons Bitcoin could become a "safe haven". He thinks its price could go "way higher than you think". Cuban's bullish on Bitcoin's global potential. He reminds us that Bitcoin has a final supply limit of 21 million coins, with unlimited fractionalization. "Keep that in mind as you consider what happens if because of geopolitical uncertainty and the decline of the dollar as the reserve currency, BTC becomes a 'safe haven' globally," he says. Cuban's not pulling punches. He suggests Bitcoin could become "what countries and all of us look to buy as a means to protect our savings". Is this far-fetched? Not according to Cuban. He points out it's already happening in countries facing hyperinflation. He wraps up with a bold prediction. "And if things really go further than we can imagine today (and I'm not saying they will. Just that this has a possibility somewhere above zero), then BTC becomes exactly what the maxis envision. A global currency." It's a wild ride, folks. But in the unpredictable world of crypto, who knows? Cuban might just be onto something.