ChainCatcher news, according to Coindesk, a regulatory document shows that Trump's crypto project World Liberty Financial has significantly reduced its fundraising target after its WLFI token sales fell far short of initial goals. The company now plans to raise up to $30 million from investors, a 90% reduction from the $300 million originally sought by World Liberty Financial.

ChainCatcher news, according to Decrypt, multiple informed sources have revealed that the Trump crypto project World Liberty Financial, which recently completed a $14 million token launch, is planning to issue a stablecoin. The project has appointed Paxos co-founder Rich Teo as the head of stablecoin and payment operations. The project is simultaneously developing multiple core components, with functionalities including the stablecoin set to be launched at the appropriate time.It is worth noting that if Trump wins the presidential election in 2024, the stablecoin issued by his business partners may face questions of conflict of interest. Currently, the largest stablecoin issuer in the U.S., Circle, holds $34.59 billion in assets to support its $34.37 billion USDC circulation. Meanwhile, Tether has achieved a record profit of $5.2 billion in the first half of 2024 and currently holds nearly $81 billion in U.S. Treasury bonds.

ChainCatcher news, the early sales of World Liberty Financial tokens were less than $13 million, far below its target of $300 million. Crypto industry insiders condemned World Liberty Financial's poor sales performance, calling it a "meme disguised as a utility project."Two Prime CEO Alexander Blume stated, "Aside from its Trump branding, I don't see anything interesting or unique. I think it's not enough for most people, and I believe the crypto community was already skeptical about this project before its launch. It seems to be just a speculative play, especially since it hasn't done anything new."

ChainCatcher news, according to The Block, the Trump family's crypto project World Liberty Financial launched its public token sale on October 15. As of 7:25 AM Beijing time on October 16, approximately 610 million WLFI tokens have been sold, with 19.4 billion remaining for sale. At a price of $0.015 per token, the first day's sales amounted to approximately $9.15 million.Previous news indicates that the roadmap states the "initial sale" of WLFI aims to raise $300 million, selling 20% of the token supply at a fully diluted valuation of $1.5 billion.

ChainCatcher news, according to Coindesk, the Trump family's crypto project World Liberty Financial token sale may have gone live.According to blockchain data, the sale started at 12:40 UTC, and within the first 20 minutes, over 220 million WLFI tokens were sold to more than 1,700 independent wallets. The blockchain wallets associated with the token hold nearly 3 million dollars worth of Ether (ETH), as well as 1 million dollars worth of USDT and USDC tokens.

ChainCatcher news, according to The Block, the Trump family's DeFi project World Liberty Financial aims to raise $300 million at a $1.5 billion valuation in next week's token sale.According to the project's roadmap, the $1.5 billion is the fully diluted valuation of the project, and selling 20% of the token supply to raise $300 million indicates that there may be more token sales to come.

According to ChainCatcher, The Block reported that World Liberty Financial proposed on Wednesday to launch Aave V3 on the Ethereum mainnet, allowing users to borrow and lend assets such as ETH, WBTC, USDC, and USDT. The project is supported by the Trump family and aims to provide a secure lending platform.The project plans to allocate 20% of the protocol's interest to the Aave ecosystem reserve and will expand to the Scroll Ethereum Layer 2 network after successful integration. Additionally, the project will sell non-transferable governance tokens to qualified investors, with 63% allocated for public sale. Despite facing skepticism, analysts believe the project may attract more user interest in decentralized finance.

ChainCatcher message, the DeFi project World Liberty Financial, supported by the Trump family, has opened KYC verification on its official website. The website was temporarily down for maintenance multiple times on Monday morning.The project homepage states: "More information about World Liberty Financial is available only to those who have completed the KYC process and have been pre-qualified. In the United States, this information is available only to certified accredited investors. This page does not constitute an offer to sell tokens or a solicitation of an offer to purchase tokens in any jurisdiction."

ChainCatcher news, according to market news, the Trump family's cryptocurrency project World Liberty Financial will issue tokens.

ChainCatcher news, according to CNBC, informed sources revealed that real estate investor Witkoff and Trump Organization Executive Vice President Eric Trump are two decision-makers for the Trump family's crypto project World Liberty Financial. Both companies are new entrants in the crypto industry.CNBC reached out to Eric Trump and Witkoff to inquire about their leadership roles in World Liberty Financial but did not receive an immediate response.A person familiar with the project disclosed that Witkoff has little interest in understanding how the platform works. The source also stated that anyone wanting to learn important details about the platform (including the white paper) is required to sign a non-disclosure agreement. Additionally, Donald Trump is currently not involved in the development of the platform.

ChainCatcher news, the cryptocurrency project World Liberty Financial under the Trump family announced on the X platform that Sandy Peng, co-founder of the Ethereum Layer 2 network Scroll, has become an advisor to the project. It is reported that Sandy Peng has been working in the cryptocurrency field since 2013.

ChainCatcher news, Chase Herro is the trading facilitator for the cryptocurrency project World Liberty Financial promoted by the Trump family. Two individuals involved in World Liberty Financial insist that Chase Herro is a billionaire with a successful track record in cryptocurrency.Chase Herro is described in the World Liberty Financial white paper as responsible for "data and strategy," but according to information available online, Chase Herro sold a product called Regula RX, a "colon cleanser," on Facebook in 2014, and also offered a "get rich quick" course for $149 a month. Chase Herro once said regarding cryptocurrency, "If you do it right, who cares if it goes to zero."

ChainCatcher news, Donald Trump announced that his cryptocurrency project World Liberty Financial will launch on September 16 in a live video stream. He stated on his official X account that the project aims to "embrace the future of cryptocurrency" and "discard outdated large banks."Previously, CoinDesk reported on a white paper under discussion, which stated that the project will be built on the decentralized finance platform Aave and the Ethereum blockchain, centered around a "credit account system."

ChainCatcher news, the Trump family's crypto project World Liberty Financial (WLFI) posted on X that Ogle has joined its team as an advisor. As a cybersecurity expert, Ogle has helped recover over $400 million in cryptocurrency from major hacks involving platforms such as Euler, Curve/Alchemix, and Kyberswap. Additionally, Ogle is a co-founder of the dynamic blockchain ecosystem Glue and an entrepreneur who has created several tech companies worth millions of dollars, and has taught at Ivy League schools and government agencies.

ChainCatcher news, the crypto project World Liberty Financial associated with Trump will be based on the decentralized finance platform Aave and the Ethereum blockchain, using a non-transferable governance token WLFI and a credit account system. The project is reportedly inspired by the DeFi protocol Dough Finance, although it has not been confirmed whether its codebase will be used. Dough's co-founders Zachary Folkman and Chase Herro are also involved in the project's operations. Members of the Trump family, including Donald Trump Jr., Eric Trump, and Barron Trump, are all involved in the project's planning. The Trump family has warned the public about potential scams and stated that official announcements will be made through their channels.

ChainCatcher message, Trump posted a video related to the DeFi project World Liberty on social media, in which Trump stated, "Today I made a plan to make America the crypto capital of this planet. Those people want to strangle you, want to bankrupt you, and we will never let that happen."