What happened in the crypto market while everyone was asleep — review from July 10
The founder of the largest cryptocurrency exchange Binance, Changpeng Zhao (CZ), and his company YZi Labs team will support the launch of 10X Capital. The organization will buy BNB and hold tokens as its main asset. The company plans to go public in the United States through an IPO.
10X Capital will manage the purchases and storage of BNB to give investors easy access to earning on the fluctuations of the coin's price. The project will be led by David Namdar, a former partner at Galaxy Digital.
World Liberty Financial, the cryptocurrency company of Donald Trump and his family, has launched a vote to unlock trading with the management token WLFI. At the time of writing this review, over 99% of the votes supported the idea. If a positive decision is made, WLFI will become available for trading.
The company was founded by Trump and his three sons in 2024. The formation of the project has been criticized due to the political interests and connections with regulators. Approval of WLFI trading will allow for broader community involvement and attract new investors, although it will not resolve all questions about the project's transparency.
