July 6, 2025

A major project worth noting recently is WLFI, a DeFi project run by Trump's son, which is the project token for the stablecoin USD1. I noticed that the total supply is 100 billion, and currently, the off-market price on MX has skyrocketed to around $0.2. Even in other markets, the price is above $0.15. Although off-market prices are not very reliable, this gives it a total market cap of at least $10 billion, which is truly exaggerated. WLFI is expected to be listed in about a week, so let's see how Trump's son celebrates.

This is really the most direct example of monetizing power. There are reports that since Trump took office, his family has repaid hundreds of millions of dollars in loans. It's worth noting that retaining loans is usually standard practice for the wealthy, and the fact that they are willing to repay shows that their family assets have certainly increased significantly. Currently, it's roughly estimated that just TRUMP has already brought in hundreds of millions of dollars in monetized value, along with stock and other crypto income, including future income from WLFI, making it possible for a president to rake in hundreds of billions.

This situation is not necessarily good for us, as a significant amount of liquidity has been drawn out, resulting in less market volatility now. However, as the saying goes, "Fortune and misfortune are intertwined; misfortune may hold the key to fortune," nothing is absolute. On the positive side, Trump is endorsing the crypto industry as president, attracting funds for purchase, not to mention a complete 180-degree turnaround in policy attitudes towards crypto. Additionally, projects like TRUMP and WLFI have the potential to elevate the valuation of crypto projects.

In terms of the market, there hasn't been anything particularly special. Recently, after chatting with friends, I found that not only in the crypto space but also in other industries, the profit effect has greatly diminished. It's hard to say when a new turning point will arrive; overall, people's expectations are not very optimistic. However, fortunately, the crypto market is currently mainly influenced by the dollar, so let's wait for the second half of the year for any new interest rate cuts and see if we can start as expected.

Let's hold on together, thank you for your attention.