The crypto company tied to the US president and his family unlocked 24.6 billion tokens, making their holdings worth about $5 billion. An entity tied to US President Donald Trump’s family now holds about $5 billion worth of World Liberty Financial’s governance token (WLFI) after a significant unlock on Monday. According to World Liberty Financial’s website, DT Marks DEFI LLC and “certain family members” of Trump held 22.5 billion WLFI tokens. The company reported unlocking 24.6 billion WLFI tokens on Monday as part of a scheduled move to establish an initial circulating supply, briefly boosting the price to $0.40 before it fell to about $0.21 at time of publication. World Liberty previously said the holdings of its founders — including Trump and his three sons, Donald Trump Jr., Barron Trump and Eric Trump — would initially remain locked. However, Monday’s unlocking effectively gave the Trump family’s stake a valuation of about $5 billion based on the WLFI price at the time of publication. Read more
United States President Donald Trump said on Monday that India has offered to reduce its tariffs on US goods to zero amid deteriorating ties between the two countries. While calling the US’s relationship with India “one-sided”, Trump wrote on Truth Social, “They have now offered to cut their tariffs to nothing, but it’s getting late. They should have done so years ago.” The Indian Embassy in Washington did not immediately respond to Trump’s comments, which follow the implementation of total duties as high as 50 per cent on Indian goods. Relations between the two countries have plummeted, with 50pc levies on many Indian imports into the US taking effect last week as punishment for New Delhi’s massive purchases of Russian oil, a part of US efforts to pressure Moscow into ending its war in Ukraine. Since his return to the White House this year, Trump has wielded tariffs as a wide-ranging policy tool, with the levies upending global trade. Amid this dispute, India has grown closer to Beijing and Moscow. Indian Pr...
Bitcoin and Ether ETFs saw outflows on Friday after the Fed reported rising core inflation, driven in part by Trump’s tariff policies. Spot Bitcoin and Ether ETFs recorded outflows on Friday as the Federal Reserve released key inflation data showing price pressures are creeping higher under President Donald Trump’s trade policies. According to SoSoValue data, Ether (ETH) ETFs saw a net outflow of $164.64 million, reversing five straight days of inflows that had added more than $1.5 billion to the asset class. Bitcoin (BTC) ETFs also turned negative with $126.64 million in net outflows, their first daily loss since Aug. 22. Total assets under management dropped to $28.58 billion for Ethereum and $139.95 billion for Bitcoin. Read more