Top Stories of The Week
Trump’s crypto project claims 100K signups ahead of token sale
The Donald Trump-backed crypto project World Liberty Financial claims it has secured more than 100,000 signups before its public token launch on Oct. 15.
In a meandering 90-minute-long Oct. 14 X space that offered little new information, the platform’s head of operations, Zak Folkman, said the WLFI token would be an Ethereum-based ERC-20 token and reiterated that it would function as the governance asset of the decentralized finance platform.
Folkman, along with fellow World Liberty Financial team members Chase Herro and Zach Witkoff, rehashed information shared days earlier in an Oct. 11 blog post, saying the platform will allow users to borrow and lend crypto, create and interact with liquidity pools and transact with stablecoins.
US spot Bitcoin ETFs see $556M inflows in biggest day since June
United States spot Bitcoin exchange-traded funds (ETFs) saw their biggest one-day inflow in over four months, with more than half a billion dollars in inflows.
The 11 ETFs saw aggregate net inflows of $555.9 million on Oct. 14, their largest daily net inflow since early June, according to data from Farside Investors. The big day came as Bitcoin hit a two-week high of $66,500 in late trading.
The ETF Store President Nate Geraci called it a “monster day” for spot BTC ETFs, adding that they were now approaching $20 billion in net inflows over the past 10 months.
“Simply ridiculous and blows away every pre-launch demand estimate,” he said in an Oct. 15 X post. “This is NOT ‘degen retail,’ it’s advisers and institutional investors continuing to slowly adopt.”
The Fidelity Wise Bitcoin Origin Fund (FBTC) was the leader of the pack with an inflow of $239.3 million — its highest since June 4.
Warren, Deaton spar over crypto in first debate for US Senate seat
Senator Elizabeth Warren and crypto lawyer John Deaton exchanged blows over crypto policy in their first debate of the race for a seat…
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