Bitcoin venture capital firm Ego Death Capital on Tuesday closed a $100 million fund that will focus on investing in Bitcoin software startups, according to reporting by Axios. The fund will specifically aim to back startups in the seed or series A stage with anywhere between $1 million and $3 million in revenue. These will […]

Ego Death Capital Secures $100M to Back Bitcoin-Focused Startups

The hearing notice suggested a focus on a tax framework for digital assets, 
but did not mention specific witnesses or policies previously proposed.

US lawmakers to discuss crypto tax policy amid push to pass three bills

World Liberty Financial, a decentralized finance (DeFi) platform backed by 
President Donald Trump and his family, is poised to launch its WLFI token, 
which could hold significant profits for early investors. WLFI Token Launch 
Approaches The company announced on July 4 that it has initiated steps to have 
its flagship token listed on cryptocurrency exchanges, marking a crucial 
milestone after months of anticipation. The WLFI token, which was introduced 
last year as a non-transferable governance token, is designed to facilitate 
community voting on the project&#8217;s future direction. Related Reading: Tether 
Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin 
Secondary market trading has already commenced on platforms like Whales.market 
and MEXC, where WLFI has recently traded between $0.13 to $0.18, a notable 
increase from its initial sale prices of $1.5 and $0.5. According to the 
project’s white paper, entities affiliated with the Trump family may 
collectively hold about one-third of WLFI’s total supply of 100 billion 
tokens. At current prices, these holdings could represent billions of dollars 
on paper. Bruno Ver, market expert and investor in the WLFI token, expressed 
optimism about its potential value, predicting it could reach between $2 and 
$5 in the near future. If the token were to climb to $2, the stake held by the 
founding entities could theoretically be worth around $60 billion, making it 
one of the most lucrative Trump-related crypto ventures to date. Recent 
estimates suggest that crypto businesses have already added approximately $620 
million to Donald Trump’s personal net worth, according to the Bloomberg 
Billionaires Index. Experts Warn Of Risks Despite the enthusiasm surrounding 
WLFI, the White House has emphasized that President Trump is distanced from 
his business interests, having placed his assets in a family-controlled trust. 
The current proposal for token release, dated July 4, aims to unlock a portion 
of tokens held by &#8220;early supporters,&#8221; although the term lacks a specific 
definition within the documentation. Remaining tokens, including those held by 
founders and team members, would be subject to future votes and longer lock-up 
periods to signal a commitment to the project. The proposal is expected to 
undergo discussion and voting on the Snapshot platform, with a potential 
timeline extending into August. Related Reading: Analyst Predicts 2,000% 
Cardano Rally: ‘Fractal Is Too Clean To Ignore’ However, experts caution that 
the path to a successful launch might come with risks for early holders. Lex 
Sokolin, managing partner at Generative Ventures, pointed out that tokens with 
substantial founder and investor allocations often experience significant 
price declines over time. World Liberty Financial’s token launch and the Trump 
family’s increased interest in digital assets comes on the heels of notable 
regulatory changes in the US as the Securities and Exchange Commission (SEC) 
has adopted a more lenient stance toward crypto. This may signal a sense of 
confidence from WLFI regarding regulatory scrutiny. Hilary Allen, a law 
professor at American University, noted that this shift suggests WLFI no 
longer perceives a threat from the SEC. Featured image from DALL-E, chart from 
TradingView.com

Trump Family’s WLFI Token: Experts Bullish On $5 Price Projection Post-Launch

Gates Inc. and Oasys’s partnership is one of Japan’s largest real estate 
tokenization projects, with phase 1 aiming to expand liquidity to $34 billion.

Japan’s Gates to tokenize $75M in Tokyo real estate on Oasys blockchain

BIT Mining is ditching diversification to go all-in on Solana. The firm will 
liquidate its current crypto portfolio and raise up to $300 million to build a 
SOL-heavy treasury while staking its future on one chain. On July 10, NYSE- 
listed…

BIT Mining bets on Solana, plans crypto war chest for $300m SOL treasury

Floki, the crypto utility token of the Floki ecosystem, has surged more than 
17% in the past week, buoyed by major developments around Webull Pay’s listing 
and the mainnet launch of the play-to-earn metaverse game Valhalla. The Floki 
(FLOKI) token…