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Share link:In this post: The Trump-linked WLFI token plunges over 40% despite a 47M token burn, leaving major whale investors with millions in losses. High-profile traders, including Andrew Tate, suffered heavy liquidations while some wallets profit from shorting WLFI’s decline. The Trump family’s holdings remain valued near $5B, though ethical questions mount as the token faces sharp volatility.
Share link:In this post: Mega Matrix announced a special facility to seek up to $2B in financing. The company seeks to build treasuries for stablecoin issuer tokens, starting with Ethena (ENA). ENA remains attractive for its revenue-sharing, reflecting the success of ETH.
Share link:In this post: The DOJ subpoenaed Fed board members in a criminal case targeting Lisa Cook over alleged mortgage fraud. Trump wants her removed to gain a majority on the Fed board and has cited criminal referrals from Bill Pulte. Lisa is fighting back in court, denying all fraud claims and accusing Trump of fabricating charges for political gain.
Market experts believe that the new Dogecoin ETF could launch next week.
Hyperliquid has proposed launching USDH, a native dollar-pegged stablecoin that requires validator approval before implementation. The announcement drove HYPE token gains of 3.4% as markets responded positively to the decentralized exchange’s expansion plans.
xMoney announced the launch of XMN token on Sui blockchain, replacing UTK with controversial conversion rates that significantly dilute existing holders’ ownership share in the platform.
- 11:05Economist: U.S. Tariff Policies Will Continue to Impact Economic GrowthJinse Finance reported that Seth Carpenter, Chief Economist at Morgan Stanley, stated in an interview with Germany's Handelsblatt on the 13th that U.S. economic growth is clearly slowing down, with one important factor being U.S. tariff policies. The consequences of these policies will continue to manifest in the coming months. Carpenter believes that the U.S. economy is currently facing sustained low growth, and he expects weak growth in the fourth quarter of this year and the first quarter of next year. In 2026, the U.S. economy may grow by only about 1.25%, far below the 2.8% in 2024. In addition, he pointed out that the current performance of the U.S. labor market is significantly weaker than a few months ago. New data shows that from March 2024 to March 2025, the number of new jobs added will be only half of the initial expectations. Furthermore, signs of weakness have also begun to appear in U.S. industrial production.
- 10:40Wall Street analysts: U.S. financial institutions will increase bitcoin allocations by the end of the yearChainCatcher news, according to Cointelegraph, Wall Street veteran and macro analyst Jordi Visser predicts that U.S. financial institutions will increase their bitcoin allocations by the end of this year. In an interview with Anthony Pompliano published on YouTube on Saturday, Visser said: "From now until the end of the year, traditional financial institutions' bitcoin allocations for next year will increase. I believe the proportion of bitcoin in various investment portfolios will rise. This is bound to happen." Visser predicts that traditional financial institutions will increase their bitcoin allocations in the last quarter of this year to prepare for next year's investments, at a time when market participants are debating whether bitcoin's price will peak this cycle in that quarter.
- 10:29Monero suffers another attack and blockchain reorganizationAccording to ChainCatcher, as disclosed by SlowMist Cosine in a repost on X, Monero has been attacked again, with XMR experiencing an 18-block reorganization. In response, Cosine commented: "If the Monero community does not take block reorganizations seriously, this Damocles' sword will always hang over Monero... It may not necessarily lead to a double-spending attack, but the capability now exists... and it doesn't have to strictly exceed 51% of the hash power..."