Author: Benjamin Lee

The Trump family-adjacent decentralized finance (DeFi) project World Liberty Financial (WLFI) has proposed a stablecoin airdrop. Last month, the DeFi project announced plans to launch a new stablecoin called USD1, which it says is pegged to the US dollar and backed by short-term government treasuries, dollar deposits and cash equivalents. Now, World Liberty wants to test its on-chain airdrop feature by distributing a small amount of USD1 to all current WLFI token holders. In a new proposal, the project says the final exact amount will be based “on total eligible wallets and budget.” Explains World Liberty, “Testing the airdrop mechanism…

An analyst who accurately called the start of Solana’s (SOL) correction this year is flipping bullish on the native asset of the layer-1 protocol. Pseudonymous analyst Bluntz tells his 317,700 followers on the social media platform X that he believes the Ethereum (ETH) challenger looks ripe for a significant bounce after losing about 64% of its value from its all-time high of $293, which it hit in January of this year. According to Bluntz, SOL is flashing a bullish divergence on the daily chart, a reversal signal suggesting that buying momentum is on the up and up even though an…

Data from blockchain intelligence firm Lookonchain suggests that crypto wallets associated with President Donald Trump-backed decentralized finance (DeFi) platform World Liberty Financial (WLFI) are selling Ethereum (ETH) at a loss. Citing data from Arkham, Lookonchain says its 581,400 followers on the social media platform X that it appears WLFI has begun selling part of its nine-figure ETH stash at a loss. Arkham’s data notes that the wallet in question is not 100% confirmed to be controlled by WLFI. “Has Trump’s World Liberty started selling ETH at a loss? According to Arkham, a wallet possibly linked to World Liberty sold 5,471…

Crypto asset manager and research firm CoinShares says US tariffs were the likely cause of an outflow of hundreds of millions of dollars last week from digital asset investment products. In its latest Digital Asset Fund Flows Weekly Report, CoinShares notes crypto products witnessed a $240 million outflow as US President Donald Trump announced steep tariffs against countries around the world. Source: CoinShares However, CoinShares says the outflows were “minor,” especially when compared to other asset classes. “Despite this [outflow], total assets under management remained remarkably stable at $132.6 billion, marking a 0.8% increase over the week. This resilience is…

Artificial intelligence (AI)-powered commercial real estate firm Janover, Inc. is announcing that it has raised approximately $42 million through an offering of convertible notes and warrants from multiple investors, including Pantera Capital, Kraken, and Arrington Capital. According to a new press release, the notes were sold in a private offering under Section 4(a)(2) of the Securities Act of 1933 and Regulation D. The convertible notes carry a 2.5% annual interest rate paid quarterly. They will mature on April 6, 2030. The notes are convertible into common stock at any time before maturity if the company’s market capitalization equals or exceeds…

BitMEX founder Arthur Hayes says that altcoins may finally see a boost once Bitcoin (BTC) breaks a certain price range. In a new interview on Crypto Banter, Hayes, the founder of crypto investment firm Maelstrom, says that he’s expecting Bitcoin to continue dominating the crypto market for some time. However, Hayes says once BTC soars well above the $100,000 level again, riskier crypto assets will most likely start to shine. “We accelerated a bit after the recent Fed press conference where Powell announced the reduction of QT (quantitative tightening) and sort of teased QE (quantitative easing). We accelerated a bit,…

Closely followed crypto analyst Jason Pizzino is warning that XRP and other top altcoins most likely have further to fall. In a new post to the social media platform X, Pizzino tells his 131,000 followers that, despite being down 20% in the last month, XRP’s skid is not finished. Says Pizzino, “XRP breaking 50% fib pre-US open. My next price target is still ~$1.40” Source: Jason Pizzino/X XRP is worth $1.87 at time of writing, down 12% in the last week. Turning to layer-1 smart contract platform Solana (SOL), Pizzino refers to the 3-bar rule – which aims to spot…

Solana defied the crypto market doldrums and surged by more than 5% on Friday after the retail payment giants PayPal and Venmo rolled out support for SOL. PayPal announced on Friday that users of both payment platforms could now buy, sell, hold and transfer SOL and LINK, the native asset for the decentralized oracle platform Chainlink. LINK jumped by more than 1% on Friday and is trading at $13.00 at time of writing. Meanwhile, SOL rose from $117.15 to a high of $124 before closing the trading day at $122.78. By comparison, the overall crypto market cap dipped by nearly…

A widely followed cryptocurrency analyst and trader is leaning bullish on an altcoin built in the Solana (SOL) ecosystem. The trader, pseudonymously known as Altcoin Sherpa, tells his 243,700 followers on the social media platform X that the utility token of the decentralized bandwidth crypto project Grass (GRASS) is looking “extremely strong” following a 25% rally in just a day that effectively reversed a rout that came amid a crypto market-wide slump. According to the pseudonymous analyst, GRASS is likely to experience a pullback before resuming the rally. Based on Sherpa’s chart on the four-hour time frame, it appears the…

Crypto analyst and trader Ali Martinez is leaning bearish on one large-cap altcoin as he offers his outlook for Bitcoin (BTC) and the native token of the blockchain oracle Chainlink (LINK). Martinez tells his 134,800 followers on the social media platform X that payments altcoin XRP (XRP) could plummet by around 37% from the current level after forming a head-and-shoulders pattern on the daily time frame. A head-and-shoulders is a bearish pattern suggesting that an asset is losing bullish momentum after failing to print new highs with its right shoulder. Source: Ali Martinez/X XRP, the fourth-largest crypto asset by market…