The decentralized finance (DeFi) world has witnessed a major new player enter the market with the launch of the WLFI crypto coin. Spearheaded by former U.S. President Donald Trump’s DeFi project, World Liberty Financial (WLFI), the token sale launched to a wave of strong demand. Within the first hour, nearly 2,900 investors secured 344 million tokens, marking an explosive start for this much-anticipated project.

WLFI Crypto Coin Sale Kicks Off with High Demand

The public sale for WLFI crypto coin opened exclusively to accredited investors through a whitelist process that began in September. Despite initial website outages, the project sold over 220 million tokens to more than 1,700 wallets in the first 20 minutes alone. By the end of the first hour, the number of investors grew to 2,900, with the total tokens sold reaching 344 million.

Trump’s team aims to raise $300 million through this token sale, with 100,000 accredited U.S. investors already whitelisted. The demand for WLFI underscores the growing interest in exclusive, high-value DeFi projects.

Exclusive Access for Accredited Investors

Due to regulatory restrictions imposed by the Securities and Exchange Commission (SEC), the WLFI coin is only available to accredited investors in the U.S. To qualify, investors must have a net worth exceeding $1 million (excluding their primary residence) or meet specific income thresholds—$200,000 individually or $300,000 with a spouse over the past two years.

One of the key differentiators of the WLFI crypto coin is its exclusivity. Unlike other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH), the WLFI coin is non-transferable and does not generate yield. Additionally, 63% of the total token supply is reserved solely for accredited investors, limiting access to a select group. This makes WLFI a unique asset in the DeFi space, positioned as a high-demand governance token with restricted availability.

World Liberty Financial’s Ambitious DeFi Platform

World Liberty Financial, the DeFi platform behind WLFI, offers a suite of financial services, including lending, borrowing, and interest-earning opportunities for investors. The WLFI coin serves as the governance token for the platform, giving holders voting rights on key decisions about the network’s future.

Fronted by Eric Trump, Donald Trump’s son, World Liberty Financial has been framed as “digital real estate.” This Ethereum-based project aims to compete with traditional DeFi platforms by offering exclusive, high-value investment opportunities. Eric Trump described the project as an innovative solution that combines digital assets with real-world value, further boosting interest among investors looking for something more stable than traditional cryptocurrencies.

A Growing Demand for DeFi Projects

The initial success of the WLFI crypto coin is a testament to the increasing interest in DeFi projects. As decentralized finance platforms continue to evolve, they offer new opportunities for investors to diversify their portfolios. The WLFI coin’s strong launch reflects the growing appetite for these alternative investment vehicles, particularly those that offer exclusive access and tangible benefits like governance and decision-making power within a network.

The WLFI project also highlights the trend of major public figures and companies entering the cryptocurrency and DeFi space. With Donald Trump’s name attached to the project and Eric Trump actively leading its development, WLFI has garnered significant media attention, further fueling investor interest.

Regulatory Challenges and the Path Ahead

While the WLFI token launch has seen strong demand, it also faces significant regulatory challenges. The SEC’s strict guidelines around accredited investors limit access to the token, which could restrict its long-term growth potential. However, this exclusivity is also a selling point, attracting high-net-worth individuals looking for investment opportunities that are not available to the general public.

As the WLFI project continues to evolve, its success will likely depend on how well it can navigate the regulatory landscape while delivering value to its accredited investors. The ambitious goal of raising $300 million underscores the confidence the Trump team has in the platform’s potential to grow within the DeFi ecosystem.

What Lies Ahead for WLFI?

The strong initial demand for WLFI crypto coin demonstrates that there is significant interest in exclusive, high-value DeFi projects. As more accredited investors enter the fold, the platform will likely see continued growth and adoption. World Liberty Financial has positioned itself as a prominent player in the DeFi space, with ambitions to become a major competitor in the market.

Looking ahead, the project’s success will hinge on delivering a robust and scalable platform that meets the needs of its investors. With Eric Trump at the helm and a growing number of high-net-worth investors involved, the WLFI coin could become a valuable asset in the evolving DeFi landscape.

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The cryptocurrency market has matured dramatically in 2024, according to a new report from Coinbase (NASDAQ:COIN) and blockchain analytics firm Glassnode. This surge in crypto market maturity comes as billions of dollars flow into spot exchange-traded funds (ETFs) and blockchain network activity spikes, signaling a pivotal shift for digital assets.

Crypto Market Maturity Accelerates

In its October 15th report, Coinbase’s head of institutional research, David Duong, and Glassnode’s analytics team emphasized the profound changes in the crypto landscape over the past year. The introduction of crypto market maturity has led to deeper liquidity, greater accessibility, and a more sophisticated trading environment.

From the runaway success of spot ETFs to the rapid increase in on-chain transactions, the report highlights how these factors are shaping a more stable and expansive market. According to the report, “Markets have grown deeper, more liquid, more sophisticated, and more accessible.”

The Rise of Spot Crypto ETFs

One of the most significant drivers of crypto market maturity in 2024 has been the launch of spot Bitcoin (BTC) ETFs. These ETFs were listed in the United States in January 2024, drawing in approximately $5 billion during the third quarter alone. This influx of institutional capital has provided much-needed stability to the market, which had historically been known for its volatility.

Stablecoins have also seen a remarkable surge in demand, further contributing to market maturity. During the third quarter of 2024, the total market capitalization of stablecoins hit an all-time high of $160 billion, according to Glassnode data. Stablecoins, particularly those pegged to fiat currencies like the U.S. dollar, have become essential tools for traders and investors seeking lower-risk assets within the crypto space.

Ethereum’s Layer-2 Growth and Market Resilience

Ethereum (ETH), another key player in the crypto space, has also experienced significant advancements, particularly with the proliferation of layer-2 scaling solutions. These scaling networks, such as Coinbase’s own Base, have driven up daily active Ethereum addresses and boosted transaction volumes by five times compared to early 2023.

While Bitcoin ETFs have dominated the spotlight, Ethereum is also making strides. According to the Coinbase and Glassnode report, “Ethereum’s ecosystem is rapidly growing, led by the strength of innovative layer-2s.” The rise of these scaling solutions has bolstered Ethereum’s competitiveness, even though the price of ETH has lagged behind Bitcoin.

Ethereum’s fee structure has also shown signs of resilience. After hitting a low of just 9% of fee-earning layer-1 blockchains in August, ETH rebounded to control 40% of the market by late September. This resurgence in fee share demonstrates Ethereum’s growing prominence in decentralized applications (dApps) and smart contracts.

Reduced Volatility in 2024

Another sign of crypto market maturity is the decrease in volatility. In 2024, the three-month spot price volatility of Bitcoin dropped below 60%, significantly lower than its 2021 peak of nearly 130%. This drop in volatility is largely attributed to the market’s shift toward higher-quality assets like Bitcoin and Ethereum, as well as the growing influence of institutional investors entering the space through ETFs.

According to the Coinbase report, the reduction in volatility has made the market more attractive to traditional investors, who had previously been deterred by crypto’s wild price swings. With the stabilization of major assets, the crypto market is evolving into a more reliable investment option for long-term growth.

The Role of Stablecoins in Market Growth

Stablecoins have been instrumental in fueling the crypto market maturity seen this year. The increasing use cases for stablecoins—ranging from decentralized finance (DeFi) applications to remittances—have expanded their market share, making them a crucial component of the broader crypto economy.

The Glassnode report also noted that stablecoins and Bitcoin consumed a larger portion of the total crypto market capitalization in 2024, as investors sought safer, more liquid assets during times of economic uncertainty. With stablecoins like USDC and Tether (USDT) reaching all-time highs in market cap, they are expected to continue playing a pivotal role in the market’s ongoing expansion.

A Bright Future for Crypto in 2025

As 2024 comes to a close, the crypto market maturity witnessed throughout the year sets the stage for continued growth in 2025. Coinbase’s report highlights the ongoing development of layer-2 solutions for Ethereum, the rising popularity of stablecoins, and the growing institutional adoption of Bitcoin through ETFs as major catalysts for future expansion.

Looking ahead, research firm Canalys expects these trends to help maintain momentum in the crypto market into the first half of 2025. With spot ETFs offering a gateway for traditional investors and blockchain networks becoming more efficient, the future of the crypto market looks brighter than ever.

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HONG KONG, Oct. 15, 2024 /PRNewswire/ — CoinEx Research has released its comprehensive report on the cryptocurrency market for September 2024. This month marked a pivotal month for remarkable rebound fueled by significant policy shifts and technological advancements.

Federal Reserve’s 50 Basis Point Rate Cut
The Federal Reserve’s decision to implement a 50 basis point rate cut set the stage for a surge in cryptocurrencies. This dovish stance, mirrored by similar actions from the European Central Bank and Bank of England, reversed earlier market downturns and injected optimism into the crypto market.

Bitcoin Bounded Back

Bitcoin started the month at $52,700, it experienced a dramatic surge following the Fed’s announcement, reaching heights of $66,000 before settling at $63,300 by month’s end. This impressive gain of over 20% has positioned Bitcoin to challenge the critical $70,000 resistance level.

Recession Risks 

The Federal Reserve projected a higher unemployment rate and maintained its GDP growth estimates of 2% for both 2025 and 2026. The inflation outlook remained manageable, contributing to a sense of stability that bolstered investor confidence. Market analysts are keeping a close eye on the USD/JPY currency pair, as a key indicator of global liquidity flows that could impact crypto markets.

Launch of Fractal Bitcoin Mainnet

Technological innovations played a crucial role in September’s crypto narrative. The launch of the Fractal Bitcoin Mainnet on September 9th marked a significant advancement in Bitcoin‘s ecosystem. The support from ViaBTC mining pool made CoinEx the first to list the native FB token further underscored the potential of this innovation.

Ton Ecosystem Faced Challenges 

However, not all developments in the crypto space were positive. The TON ecosystem faced challenges as new tokens like CATI and HMSTR underperformed post-launch, raising concerns about the sustainability of certain blockchain-based economic models.

Meme Token Fever

September also saw a revival of meme tokens, driven largely by viral trends on social media platforms. Animal-themed tokens, like Moo Deng, PESTO (penguins), and OMOCI (frogs) captured the eyes of traders especially on the Solana blockchain.

Market Optimism 

Despite these fluctuations, the overall market sentiment remained positive, as evidenced by the substantial inflow of $2.9 billion into stablecoins by the end of September. Looking ahead, the crypto community is bracing for an eventful October, with economic data releases and the U.S. elections looming as potential catalysts for the next wave of market activity.

Conclusion

In conclusion, The combination of favorable macroeconomic policies, groundbreaking technological innovations, and evolving market trends made September an important month for the crypto market in 2024.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making crypto trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions.

CoinEx Research remains committed to providing in-depth analyses and insights into the evolving cryptocurrency market, helping investors navigate through the complexities and opportunities that lie ahead.

To learn more about CoinEx, visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram  | YouTube

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HONG KONG, Oct. 13, 2024 /PRNewswire/ — iSHANG Technology Limited (“iSHANG”), a leading technology company specializing in Web3 enterprise solutions, is delighted to announce its collaboration with 3Business, the corporate brand of Hutchison Telecommunications (Hong Kong) Limited, under the Cyberport Web3 Proof-of-Concept Subsidy Scheme to implement the Web3 Coupon Enterprise Solution (Web3-Coupon) leveraging 5G.  This new collaboration represents a major leap forward in enhancing customer engagement and rewards. For more information, please visit – https://ishang.com/web3-coupon-enterprise-solution/

The Web3 Coupon Enterprise solution enables customers to earn unique high-valuable rewards through the Web3 Coupon platform. By introducing personalized, exclusive rewards, it has the potential to transform customer acquisition and reward programs.

The solution will also add a new dimension to 3Business current mobile advertising services for enterprises by revolutionizing the way businesses manage customer engagement and loyalty campaigns. Leveraging Web3 technologies, the solution can ensure secure and traceable transactions, instilling trust and confidence in customers.  

By integrating 5G, artificial intelligence (AI), blockchain technologies and smart contracts, iSHANG Web3-Coupon provides an innovative, secure and transparent platform to simplify coupon management processes such as creation, distribution, redemption and tracking. This streamlines operations and enhances overall efficiency. It addresses the limitations of traditional mass promotion messages by offering a comprehensive solution for merchants to manage and analyze promotion results, conversion rates, and customer consumption data.

The transparency and immutability of the Web3 Coupon System, powered by blockchain technology, establish a trustworthy environment for customers. They can easily verify the authenticity and validity of coupons.

“Web3 seeks to transform various aspects of our digital lives, including how businesses incentivize and reward customers,” said Samson Lee, Co-founder and CEO of iSHANG. “We are thrilled to collaborate with 3Business in implementing the Web3-Coupon. This collaboration represents a significant step towards revolutionizing the customer incentives and loyalty programs. Leveraging the power of Web3 technologies, 5G and the support from the Cyberport Web3 Proof-of-Concept Subsidy Scheme, the solution will provide business customers with a secure, transparent, and efficient coupon system that drives customer engagement and enhances their overall experience.”

The Cyberport Web3 Proof-of-Concept Subsidy Scheme plays a vital role in fostering innovation and adoption of Web3 technologies across various industries. By providing financial support, the scheme empowers businesses to explore the potential of emerging technologies and accelerate the commercial adoption of Web3 in different industry sectors.

Blockchain technology ensures the transparency and security of commercial transactions and enhances the trust of merchants and consumers. Web3-Coupon revolutionizes traditional coupons by introducing an element of uniqueness and exclusivity. The model shifts from general points accumulation to earning unique digital assets, potentially transforming customer loyalty. It adds a layer of personalization and value, enhancing customer engagement and fostering a deeper connection with the brand. Web3-Coupon represents a major leap forward in customer engagement and loyalty programs, providing customers with a more dynamic, engaging and rewarding experience.

About iSHANG Technology Limited (iSHANG)

iSHANG operates a “Web3-as-a-Service” (W3aaS) platform that provides the infrastructure and a gateway for brands & enterprises to enter into the Web3 market. iSHANG W3aaS platform developed 10 x Web3 Solutions that are built on Ethereum and Polygon blockchain using IPFS (Inter Planetary Filing System) decentralized storage system. In addition, iSHANG provides Campaign Driven Launchpad & Marketplace, designed for brands & enterprises to launch their web3 marketing campaigns & facilitates the promotion, customer acquisition, retention programs and also secondary exchange of NFTs. Ultimately, iSHANG also offers one-stop consulting campaign management which develop tailor-made Web3 marketing campaigns empowering brands and enterprises to transform their businesses in various use-cases to capitalize new market opportunities.

For more information about iSHANG, please visit – https://ishang.com/

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SINGAPORE, Oct. 10, 2024 /CNW/ — Worldwide Stablecoin Payment Network (WSPN), a leading provider of next-generation stablecoin infrastructure, and dtcpay, a leading regulated digital payment platform, are making history with a strategic partnership that will revolutionize access to stablecoins. For the first time ever, users will have the ability to on-ramp WUSD, a fiat-collateralized stablecoin pegged 1:1 to the US dollar, through dtcpay with zero fees, marking a paradigm shift in the accessibility and affordability of digital assets.

This groundbreaking move marks a new era for stablecoins, breaking down barriers to entry and empowering individuals and businesses worldwide. Now, with a more inclusive and cost-effective way to utilize stablecoin solutions, WSPN and dtcpay are making WUSD a truly borderless and accessible digital currency. By eliminating fees, the partnership will save users significant amounts annually in transaction fees. WUSD will be gradually rolled out to the many merchants supported by dtcpay, including high-end establishments such as 35A Scotts Whisky Club and Capella Hotel Group’s flagship properties, Capella Singapore and Patina Maldives, Fari Islands. This practical implementation demonstrates the immediate impact and versatility of WUSD in everyday transactions, from luxury experiences to hospitality services.

“This zero-fee WUSD on-ramp with dtcpay is a game-changer for Stablecoin 2.0,” said Raymond Yuan, Founder & CEO of WSPN. “This partnership embodies our vision of making digital assets truly accessible to all, accelerating the adoption of stablecoins in the world. WSPN is proud to lead this financial revolution, reshaping the future of borderless transactions.”

“Partnering with WSPN to offer a zero-fee on-ramp for WUSD is a monumental step in making digital assets more accessible and affordable for dtcpay’s users. At dtcpay, we are excited to lead this charge toward a more i­nclusive financial future, breaking down barriers and creating new opportunities”,  said Anson Zeall, Chief Strategy Officer & Head of Compliance, dtcpay.

By eliminating fees for on-ramping WUSD, WSPN and dtcpay are democratizing access to stablecoins, fostering greater adoption and paving the way for a more efficient, transparent, and equitable financial system globally.

About WSPN

WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure and licensed digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Learn more: www.wspn.io | X | LinkedIn

About dtcpay

dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA).

As a leading provider of digital payment solutions, we pioneer the integration of cryptocurrency acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments. 
Learn more at dtcpay.com.

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