News linked to both this project and an event.
Odaily News: Zach Witkoff stated on X platform that Sun Yuchen's claims regarding the latest court hearing contain multiple false statements. Sun Yuchen previously claimed that the court supported his position and described the outcome as a "major victory," but in fact, the court made no ruling whatsoever. Zach Witkoff said that Sun Yuchen packaged "keeping personal claims temporarily before the court" as a victory, but WLFI never requested that his personal claims be submitted to arbitration. WLFI's motion to dismiss these personal claims is still pending the court's decision.
According to CoinDesk, the Trump family-linked crypto project World Liberty Financial stated that it does not own, operate, or control the Hong Kong artificial intelligence platform WorldClaw, which only uses its stablecoin USD1 as a payment channel. WorldClaw provides developers with access to multiple AI models through WorldRouter, supports payments using USD1, and some plans can be accessed by locking WLFI tokens.
The Office of the Comptroller of the Currency (OCC) has conditionally approved World Liberty Financial's application for a national trust bank charter, subject to regulatory and policy requirements. Upon approval, the company may operate under the name World Liberty Trust Company, National Association. World Liberty Financial's application documents show that the bank plans to issue USD-backed stablecoins and custody digital assets related to its USD1 token. U.S. President Donald Trump and his three sons are all affiliated with the company, with Trump family entities holding a 38% stake. Senator Elizabeth Warren, along with nine other senators, introduced the Terminating Presidential Banking Corruption Act following the approval. Elizabeth Warren stated that the OCC's move represents one of the most blatant conflicts of interest in the U.S. financial system. In January 2025, an Abu Dhabi investment company backed by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan purchased a 49% stake in World Liberty for $500 million. Another UAE entity, MGX, previously used USD1 to invest $2 billion in Binance. (Cointelegraph)
Odaily News The Office of the Comptroller of the Currency (OCC) on Friday granted initial conditional approval to World Liberty Trust Company, National Association, bringing Trump-backed World Liberty Financial one step closer to obtaining a national trust bank charter.In its letter, the OCC stated that World Liberty's charter application met certain regulatory and policy requirements, leading to the initial conditional approval. However, this does not constitute final approval, and the OCC may still rescind the approval.Earlier this year, World Liberty Financial established a new trust company with the aim of applying for a bank charter from the OCC. The company has previously stated that the charter would support its provision of services including stablecoin issuance and redemption, fiat on/off ramps, custody, and exchange. WLF currently issues the stablecoin USD1, which has a market cap of approximately $4 billion, making it the fourth-largest stablecoin after Tether and USDC.WLF CEO Zack Witkoff said on X on Friday that the company aims to build "the world's most trusted and widely used digital dollar" while strengthening the dollar's role in the global economy. Zack Witkoff is the son of Trump's Middle East envoy Steve Witkoff. Overall, this approval could further strengthen WLF's position in the U.S. stablecoin and digital asset banking infrastructure, though its political ties may continue to raise regulatory and ethical concerns.
Odaily News: UAE-based foundation Aqua1 Foundation purchased $100 million worth of governance tokens from decentralized finance project World Liberty Financial (WLFI) on June 26, marking the largest single publicly disclosed purchase of the token to date. The funds trace back to Chinese businessman Guren "Bobby" Zhou, with up to $75 million flowing to entities linked to the Trump family and World Liberty Financial co-founder Zach Witkoff. WLFI tokens confer governance and voting rights and do not represent equity in the company. Zhou was arrested in the UK in March 2021 on suspicion of money laundering, with UK law enforcement investigations still ongoing as of late July 2026. Two of his long-time employees were indicted in September 2025, one of whom has pleaded guilty, with trial scheduled for 2028. Zhou has not yet been formally charged. Zhou met with Eric Trump in Dubai to discuss the investment and described it as participation in the "Trump family's crypto project." The source of the $100 million Aqua1 used to purchase WLFI remains unclear, and public information does not indicate any direct link between these specific funds and money laundering activities. (Bitcoin.com News)
Odaily News: CryptoQuant analyst Darkfost posted on platform X, stating that the cumulative trading volume of the Trump family-linked stablecoin USD1 on Binance has surpassed $50 billion. Data shows that since its launch over a year ago, USD1 has experienced rapid growth in trading scale. The stablecoin was launched by World Liberty Financial in March 2025, a project co-founded with the participation of the Trump family. USD1 is primarily backed by U.S. dollars and short-term U.S. Treasury assets, and adopts an institutional-oriented compliance framework. Currently, the market cap of USD1 has exceeded $4 billion.
Odaily News: U.S. Senator Elizabeth Warren has asked the U.S. Department of Commerce to explain its policy toward the UAE, following the U.S. granting the UAE greater access to AI chip exports after UAE-linked entities invested in Trump-family-backed crypto project World Liberty Financial. In a letter to Commerce Secretary Howard Lutnick, it was mentioned that an Abu Dhabi entity invested $500 million in World Liberty Financial in January; another UAE-affiliated company used World Liberty's USD1 stablecoin to complete a $2 billion investment in crypto exchange Binance. The U.S. Department of Commerce previously reclassified the UAE as Country Group A:5, granting it greater access to license-free exports, including advanced chips. The department also stated it would "actively review" license applications involving exports of chips and servers to MGX, the UAE entity that completed the $2 billion Binance investment. Warren stated that the Commerce Department's actions raise significant questions about whether the president's crypto business interests could influence agency operations and national security. In June, several senators, including Warren, had already requested a hearing regarding the $500 million World Liberty Financial deal.
Odaily News According to official sources, Gate's GUSD product has been fully upgraded. Users holding GUSD can enjoy an annualized yield of 3.8%,with support for flexible deposits and withdrawals, 1:1 lossless redemption in the original subscription currency, and zero redemption fees. Meanwhile, Gate Launchpool is simultaneously opening SPCX and SLX staking pools. Among these, the total value of flexible staking in the SPCX GUSD pool has approached 66.38 million GUSD, with a staking APR of 3.50%. Combined with the 3.8% base annualized yield from GUSD flexible savings, the total annualized yield reaches as high as 7.30%.In addition, Gate is running multiple wealth management and reward campaigns in parallel. Dual rewards for deposits and trading: From 14:00 on August 3 to 14:00 on August 10, 2026 (UTC+8), deposit 100 USDT to receive 100 USDT, and trade to earn an additional 0.1 ETH. Exclusive VIP boost for Gate's余币宝 (Flexible Savings): USDT fixed-term wealth management yields have been fully upgraded, with 7-day and 30-day annualized yields increased to 3.8% and 4.0%, respectively. Quotas are limited and available on a first-come, first-served basis. High-yield campaign for USD1 holders: Starting from 00:00 on July 29 (UTC+8), users holding USD1 in their asset accounts can earn up to 8% annualized yield. Campaign rewards will be distributed daily in the form of WLFI to eligible user accounts.As the product ecosystem and reward framework continue to evolve, Gate will keep enriching users' asset yield scenarios, delivering a digital asset management experience with higher returns and lower barriers.
Odaily News – On July 30, the minority staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs released a new analysis raising Democratic objections to the amended draft of the CLARITY Act. The analysis states that Donald Trump’s 2025 crypto revenue amounts to approximately $1.4 billion, and that current ethics provisions still allow him to retain related business arrangements. The analysis reviews World Liberty Financial, the TRUMP meme coin, cryptocurrency investments, staking income, and other business activities, concluding that provisions restricting officials from issuing or sponsoring digital assets would not materially affect the aforementioned financial arrangements. Staff estimated approximately $799 million in revenue related to World Liberty Financial and approximately $635 million from the TRUMP meme coin. Trump’s annual financial disclosure report lists $635.1 million in royalties from a licensing agreement with CIC Digital LLC related to Celebration Coins, along with Bitcoin and Ethereum wallets each valued at over $50 million, and validator rewards obtained through staking agreements on Coinbase. The Senate draft of the CLARITY Act seeks to prohibit covered officials and their spouses from issuing or sponsoring digital assets for compensation during specified periods, while also establishing exceptions for qualified blind trusts, unauthorized third-party activities, continued use of an official’s likeness, and holding digital asset investments.
据链上分析师 Onchain Lens（@OnchainLens）监测，与特朗普家族支持的 World Liberty Financial 相关联的财务公司 ALT5 Sigma 将 18.15 亿枚 $WLFI（约 9977 万美元）转移至一个新地址。转移后，ALT5 Sigma 仍持有 50.9 亿枚 $WLFI，价值约 2.82 亿美元。
According to The Block, bipartisan Senators Thom Tillis (Republican) and Ruben Gallego (Democrat) submitted a new ethics compromise proposal to the White House on Thursday morning local time, attempting to break the deadlock in advancing the Clarity Act cryptocurrency legislation. Currently, there is less than a week left until the Senate recesses on August 7, but the bill still has not obtained the 60 votes required for passage. Democrats insist on adding stricter ethics provisions to constrain the Trump family's crypto interests, including the Meme coins they issued and the World Liberty Financial project in which the family participates, while some Republican senators have objections to the stablecoin interest provisions, worrying that it will divert deposits from traditional banks to the crypto sector. Although the draft leaked last week prohibited public officials and their spouses from issuing digital assets, it did not cover other family members, and included a "sunset clause" expiring in January 2029, which critics believe essentially nullifies the entire ethics provision. Treasury Secretary Scott Bessent subsequently blamed the Democrats on X, stating that they "chose political gaming on the verge of a major victory". The Crypto Innovation Committee (CCI) warned that if the bill fails to pass, the US will hand over its global leadership position in the field of crypto regulation.
according to official sources, Gate launched the USD1 Staking to Earn Rewards financial product starting at 00:00 (UTC+8) on July 29. During the event, users can earn rewards by holding USD1 in their asset accounts. The minimum holding requirement is 1 USD1, and users can enjoy a maximum annualized yield of 8%. Rewards will be distributed daily to eligible users in the form of WLFI. The annualized yield will be dynamically adjusted daily based on the remaining reward budget and the platform's total effective USD1 holdings, and will be updated around 14:00 (UTC+8) each day. Additionally, the on-chain staking reference APY for USD1 is currently 6.89%, offering users diversified yield options.
It is reported that Bybit recently launched the USD1 Ecosystem Incentive Program. The event runs from July 24 to August 2, with a total prize pool of 2 million WLFI. During the event, users can participate in the reward distribution by trading designated USD1 trading pairs.
TownSquare, an institutional yield and cross-chain lending brokerage service infrastructure, announced the official launch of its ICO public sale. This public sale is technically supported by the Echo Sonar platform from the Coinbase ecosystem. The valuation is divided into two tiers: a $150 million valuation based on a 6-month lock-up, and a $200 million valuation with no lock-up and full release at TGE, with a fundraising cap of $1 million. Currently, 30 minutes into the public sale, over $200,000 has been raised. According to data, most users chose the second tier with the $200 million valuation. This public sale is the first project based on the Monad ecosystem on Sonar, supporting USDC and USDT0 tokens on Monad. Previously, TownSquare completed a total of 3 rounds of financing totaling $16.25 million, with participation from World Liberty Financial, Auros Ventures, Amber Group, Animoca Ventures, OKX Ventures, as well as angel investors and institutions from ecosystems such as Monad, a16z, etc. It is projected that the previous valuation is comparable to this ICO valuation. TownSquare Sonar Public Sale Registration: townsq.xyz/sale
Odaily President Trump will meet on Thursday with Republican Senators Bernie Moreno and Cynthia Lummis, along with White House crypto policy advisor Patrick Witt and White House Chief of Staff Susie Wiles, to focus on the ethics provisions in the CLARITY Act. These provisions are considered one of the main obstacles to advancing the crypto market structure bill.Kristin Smith, President of the Solana Policy Institute, stated, "The purpose of the meeting is to present some proposals on the ethics issue to Trump and hope to gain his support. I believe this is a very positive signal." She described the meeting as crucial for pushing the CLARITY Act through.Earlier, it was disclosed that Trump family-backed World Liberty Financial had received hundreds of millions of dollars in crypto-related revenue, raising concerns among Democrats about potential conflicts of interest. (The Block)
As of the end of June, 988,905 buyers of the Donald Trump-branded TRUMP Meme coin had collectively incurred losses of $3.81 billion, accounting for about two-thirds of all buyers. Nansen data shows that Donald Trump earned $636 million from the Meme coin; advanced crypto traders using automated tools profited $4 billion before TRUMP dropped 97%.On July 3, TRUMP was priced at $1.76, down 97% from its peak of $75.35. Donald Trump's annual financial disclosure indicates that he earned $2.2 billion from various business ventures in 2025, including proceeds from the token; he also received $799 million from World Liberty Financial. White House spokesperson Anna Kelly denied claims that Donald Trump profited at the expense of his supporters. (Bitcoin.com News).
U.S. President Trump’s newly released 927-page financial disclosure document reveals income including hundreds of millions of dollars in crypto-related earnings. Among these are millions of dollars in revenue linked to World Liberty Financial, the DeFi project launched by the Trump family in 2024. This disclosure has heightened the urgency of congressional negotiations over ethics provisions within the Clarity Act, the crypto market structure bill.Currently, bipartisan lawmakers are negotiating the Clarity Act, which aims to establish the first comprehensive federal crypto regulatory framework in the United States. A key focus of the negotiations is whether to include ethics restrictions preventing the President, Vice President, members of Congress, and other federal officials from profiting from digital assets while in office.Following the document's release, Democratic lawmakers reiterated that the bill must contain strict ethics clauses. Senator Angela Alsobrooks stated that such restrictions should apply to the President, Vice President, and all members of Congress. She noted that ordinary Americans should benefit from digital assets in a fair and honest manner, rather than allowing political figures to profit through corruption and institutional loopholes.Senator Kirsten Gillibrand also indicated that both parties are still advancing stringent ethics reforms, proposing to prohibit the President, Vice President, and lawmakers from using crypto assets for personal gain. Meanwhile, Elizabeth Warren argued that if the Clarity Act fails to prevent the President, members of Congress, and their families from profiting from the crypto industry, the bill would further fuel controversies surrounding Trump-related crypto corruption.Republicans, for their part, stated that ethics clauses remain part of the bipartisan negotiations. With the July window for advancing the Clarity Act approaching, the disclosure of Trump family crypto income could become a key variable influencing the final text of the bill and the level of Democratic support.
According to The Block, Trump's annual financial disclosure report (totaling 927 pages) released by the U.S. Office of Government Ethics shows that Trump received significant crypto-related income through his family crypto company World Liberty Financial (WLF), including over $65.6 million from the sale of WLF Holdco equity and approximately $236.25 million from WLF token sale allocations. Additionally, the report disclosed his cold wallets holding various crypto assets such as Bitcoin, Ethereum, USDC, LINK, AAVE, ENA, MOVE, and ONDO, and that he received approximately $1.8 million in Ethereum staking rewards. Trump also holds up to $100,000 in Coinbase stock and multiple investments in Strategy (formerly MicroStrategy). In contrast, Vice President JD Vance's annual financial report is only 17 pages, disclosing that he holds Bitcoin valued at up to $500,000.
five Democratic senators urged a Republican committee chairman on Tuesday to immediately hold hearings to investigate a report that the UAE invested $500 million in the Trump family's crypto venture, World Liberty Financial.According to reports, an aide to the Abu Dhabi royal family signed an agreement four days before Trump's inauguration last year to purchase a 49% stake in World Liberty Financial for $500 million. An advance payment of $218 million has been made to entities linked to Trump and his Middle East diplomat, Steve Witkoff, and their families. The senators confirmed that the backer is UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan.Since Trump took office in January 2025, his administration has approved several deals favorable to the UAE, including a $1.4 billion weapons sale in May 2025 and authorization in November to sell 35,000 advanced AI chips worth over $1 billion to UAE-based G42. (financefeeds)
Odaily, U.S. Senate Democrats have sent a letter to Republican leadership demanding an immediate hearing regarding the potential relationship between the Trump family's crypto project, World Liberty Financial, and the Abu Dhabi royal family.This follows a report by the Wall Street Journal that an investment entity backed by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, secretly acquired a 49% stake in World Liberty Financial. The project is a DeFi and stablecoin venture, with Donald Trump and his three sons listed as advisors.According to the report, the deal was signed by Eric Trump four days before Trump's presidential inauguration in January 2025. The transaction was valued at $500 million, half of which was paid upfront. Approximately $187 million flowed to entities controlled by the Trump family, while at least $31 million went to entities linked to the family of World Liberty co-founder Steve Witkoff. Witkoff was later appointed as the U.S. Special Envoy for the Middle East, and his son, Zach Witkoff, currently serves as CEO of World Liberty.The Trump side has stated that Trump was unaware of the $500 million investment and was not directly involved in the daily operations of World Liberty Financial. Democrats argue that the matter involves potential conflicts of interest between the president's family business interests, foreign capital, and government diplomatic roles, and have therefore called on the Republican-led Senate to launch an investigation as soon as possible.