99% Vote in Favor—World Liberty Financial Token Proposal Gains Massive Support
World Liberty Financial token (WLFI) holders decisively opted to make their tokens tradable, which might affect their market value and the Trump family's finances.
World Liberty Financial, a Trump family enterprise, introduced WLFI tokens last fall as part of its decentralized finance (DeFi) network, which also contains USD1.
These coins originally gave holders voting rights on company developments, including platform code updates, rather than trading rights.
Early investors were enticed to WLFI because of Trump's support, expecting the tokens to gain.
The latest decision to enable token trading allows market forces to establish pricing. This changeover may draw more investors, increasing trading costs for WLFI platforms and feeding speculation about the tokens' worth.
Conflicts of Interest for Trump
The Trump family's financial connection with World Liberty Financial has sparked ethical questions, especially from Democratic politicians.
Senator Elizabeth Warren and Representative Maxine Waters have warned the US Securities and Exchange Commission (SEC) that the family's financial investment conflict of interest might affect bitcoin sector regulation.
They noted that the SEC has not classed WLFI tokens as securities, therefore they are not regulated like stocks.
The White House claims there are no conflicts of interest since his children control his assets via a trust. The details of this trust agreement are unknown.
Trump's firm, DT Marks DEFI LLC, received 22.5 billion of the 100 billion WLFI tokens, and he had 15.75 billion as of last year. World Liberty is said to have earned the Trump family $500 million since its founding.
Following the vote, the White House refused to comment to Reuters on how WLFI's tradability may effect the family's finances.
A 99.94% majority of 20,900 voters supported tradability. Voters included token holders who expected price hikes and those who supported Trump.
#WorldLibertyFinancial #WLFI #USD1 #TRUMP $USD1
BNB Surges 3.55% to $717.61 as Ecosystem Initiatives and Quarterly Burn Drive Market Momentum
BNBUSDT has risen by 3.55% over the past 24 hours, with the current price at 717.61 USDT. The recent price increase is primarily attributed to positive sentiment from Binance’s 27th HODLer Airdrop project, Caldera (ERA), and the announcement of new ecosystem initiatives, including the introduction of a Bonding Curve-based Token Generation Event and the #BinanceTurns8 campaign. Additional support for the upward movement came from the recent partnership with Ondo on BNB Chain and the 32nd quarterly BNB burn, which contributed to increased market activity and investor interest.
BNB is trading within a 24-hour range of approximately 693.02 to 723.47 USDT, with a trading volume between $1.49 billion and $2.65 billion and a market capitalization estimated at $98.87 billion to $104.96 billion. The asset remains one of the top cryptocurrencies by market cap, showing strong momentum and active trading on major exchanges.
Many traders make decisions based on emotions, not rules. They see prices rising and think, "It can't go down!" So, they jump in, only to realize they made a mistake. The price drops, and they could have bought in at a lower price. This is often driven by the fear of missing out, or FOMO, which leads traders to make impulsive decisions, repeating the same mistakes.
To become a profitable trader, you must avoid repeating mistakes. This means not trading based on emotions and instead setting clear rules and sticking to them. It's essential to avoid FOMO and impulsive decisions, which can lead to buying high and selling low, resulting in losses. Starting with a solid foundation is crucial, which involves learning basic trading concepts, setting clear goals, and developing a risk management strategy.
Practicing with a demo account can help beginners hone their skills and develop a trading plan. Sticking to this plan is vital, as it helps traders avoid emotional decisions and stay focused on their goals. Remember, profitable trading requires discipline, patience, and a clear understanding of the markets. By avoiding emotional decisions and impulsive actions, traders can increase their chances of success.
#BinanceHODLerERA #PowellVsTrump #ETHBreaks3k
$FXS /USDT Full Run Alert Take entry now guys Don,t be miss this trade 🔥💯
Current Price: $3.03
Today’s Gain: +16.53%
$FXS price is moving up fast today. It jumped from $2.49 to $3.04 in one day. Buyers are strong and pushing the price higher. If momentum continues, the price can move up more.
Price Levels to Watch:
Support: $2.82 and $2.70
Resistance: $3.05, $3.30, and $3.60
Trade Plan for Spot and Futures:
Buy Zone: $3.00 – $3.04
Stop Loss: Below $2.82
Target 1: $3.30
Target 2: $3.60
Target 3: $4.00
Summary:
$FXS is strong today with good buying power. If price stays above $3.00, there is a good chance for more gains. This is a good setup for both spot and futures traders.
{future}(FXSUSDT)