In this episode of CoinStreet Headlines, we discuss the Trump family’s significant gain of up to $5 billion in paper wealth following the launch of their new cryptocurrency, WLFI. With President Trump and his sons as co-founders, WLFI is now available for trading. We also cover the recent $2.5 billion inflow into crypto funds despite a dip in Bitcoin and Ethereum prices. Additionally, we explore a controversial post-war plan for Gaza involving tokenized land and digital tokens, and the upcoming return of the U.S. Senate and House to address key cryptocurrency legislation. Jane King has the latest from the Nasdaq.
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The Trump family notched as much as $5 billion in wealth on Monday after its flagship crypto venture opened trading of a new digital currency.
The cryptocurrency called WLFI can now be bought and sold on the open market, like a listed company's shares.
The Trump family, including President Trump himself, holds just under 25% of all WLFI tokens in existence.
Trump's 3 sons are co-founders of.
Liberty while it named the president a co-founder emeritus.
Crypto funds saw $2.5 billion inflows despite falling Bitcoin and Ethereum prices last week.
Despite the inflows, Bitcoin struggled in terms of price, slipping under $108,000 after briefly trading above $113,000 earlier in the week, according to Coin Gecko.
The Trump administration is reportedly looking at a post-war plan for Gaza that proposes using tokenized land and digital tokens.
To relocate and rehouse residents under a potential US takeover of Gaza.
Now the Washington Post reported on Sunday a 38 page prospectus for post-war Gaza called the Gaza Reconstitution, Economic Acceleration and Transformation Trust would see the US take over the Palestinian territory under a trusteeship for at least 10 years.
It would displace 2 million Gazans in a voluntary program while offering them a specialized.
Token for their land that could later be redeemed for an apartment in one of 8 planned smart cities or for relocation elsewhere.
And after a month-long break, the US Senate and House of Representatives scheduled to return to conducting government business, which includes key policies affecting the cryptocurrency and blockchain industry.
One of the first legislative items on Republicans' agenda upon their return will be to pass a bill establishing crypto market structure out of a committee and for a floor vote, and that is the latest Quin Street headlines.