Tether Steps into the Spotlight with ‘The People’s Wallet,’ Championing Financial Inclusion

Tether, the world’s leading stablecoin issuer, officially announced the launch of its native self-custody digital wallet application, tether.wallet, yesterday (April 14th). This move signifies a pivotal shift for the company, long recognized as a foundational infrastructure provider in the blockchain space, as it now directly enters the consumer application market.

Paolo Ardoino, CEO of Tether, highlighted that over 570 million people globally already leverage Tether’s technology. With the introduction of tether.wallet, the company aims to deliver this robust financial infrastructure directly into the hands of end-users.

For the past decade, Tether has primarily operated behind the scenes, providing liquidity and settlement services to over 160 countries worldwide, particularly aiding developing nations lacking traditional banking access or grappling with high inflation. Ardoino describes this new product as “The People’s Wallet,” underscoring its foundational purpose: to make digital asset access and usage more approachable and inclusive.

As digital assets reach new milestones, Tether’s objective is to dismantle the complexities that have historically hindered mainstream crypto adoption, while steadfastly preserving the core values of digital assets. This wallet is designed not just for human users but is also primed for a future where billions of automated machines and trillions of AI agents can execute seamless, lightning-fast transactions. With this application, Tether evolves from a foundational clearing protocol into a comprehensive financial services platform, empowering global users to gain complete control over their assets without relying on intermediaries.

Revolutionizing User Experience: Streamlined Accounts and Innovative Fee Structures Address Blockchain Friction

To significantly enhance user experience, tether.wallet introduces several groundbreaking technical innovations, directly addressing the “friction” points that often deter newcomers from engaging with blockchain operations.

Firstly, the system replaces lengthy and error-prone hexadecimal string addresses, common in traditional blockchain, with human-readable identifiers such as “[email protected]”. Users can now conduct transfers using these simple, memorable names, drastically reducing the risk of irreversible errors associated with manual input or copy-pasting complex addresses. This design makes digital asset transfers as intuitive as sending an email or a message, aligning with everyday communication habits.

Furthermore, the wallet resolves a persistent pain point: transaction fees. In most decentralized finance (DeFi) scenarios, users must hold the native token of a network (such as Ethereum’s $ETH or Polygon’s $POL) to pay gas fees before transferring stablecoins—a significant barrier for many new users. tether.wallet allows users to pay network fees directly with the asset they are sending. For instance, when transferring $USDT, the system automatically deducts an equivalent amount of $USDT as the transaction fee. This mechanism liberates users from the burden of acquiring and maintaining multiple network tokens, truly enabling the seamless flow of a single asset.

Curated Cross-Chain Asset Support & Open-Source WDK: Fueling the Future of AI-Driven Transactions

In terms of asset support, tether.wallet adopts a strategic approach, offering a select suite of high-value assets.

The initial lineup includes Tether’s flagship stablecoin $USDT, $USAT (developed for the US market), $XAUT (a token pegged to physical gold), and Bitcoin ($BTC). Regarding blockchain network coverage, the wallet currently integrates Ethereum, Polygon, Arbitrum, and Tether’s proprietary Plasma network. Bitcoin support extends beyond traditional on-chain transactions, fully integrating the Lightning Network to ensure instant and low-cost micro-payments.

Tether has stated that following the initial release, support for more mainstream public blockchains will be continuously added.

The technical backbone of this wallet is Tether’s open-source Wallet Development Kit (WDK). This modular toolkit not only supports human users but also empowers developers, financial institutions, and AI agents to build self-custody digital asset wallets with greater ease, without reliance on centralized service providers.

In January of this year, the video platform Rumble became an early adopter, leveraging this development kit to integrate $USDT and Bitcoin payment functionalities. Tether is committed to constructing an open and neutral financial system, enabling the digital economy to operate across diverse devices and platforms, and playing a central role in the future intelligent transaction environment.

• Related News: Receive Payments Without a Bank! Tether Collaborates with Video Platform Rumble to Launch Integrated Crypto Wallet

Upholding Self-Custody and Security: Tether’s Bid for Stablecoin Retail Dominance

Security and autonomy are core tenets of tether.wallet. The wallet operates on a fully self-custodial model, meaning private keys and seed phrases remain exclusively under the user’s control. All transaction signing occurs locally on the user’s device, ensuring Tether itself has no access to user funds.

While the wallet also offers a cloud key backup option—a feature that has sparked community discussion regarding the balance of security—Tether emphasizes its design goal: to provide a simpler path for asset recovery while preserving the fundamental advantages of self-custody.

Tether’s CEO underscored that financial systems should be open and free from intermediary interference, and tether.wallet embodies the spirit of returning asset control to the user.

According to DefiLlama data, the market capitalization of $USDT has now surpassed $184 billion, commanding approximately 58% of the total stablecoin market, valued at around $317 billion.

With the launch of this wallet, Tether will directly compete with established players in the market such as MetaMask, Trust Wallet, and Phantom. Furthermore, Tether has been highly active recently, including the development of the QVAC SDK for on-device AI and the successful launch of its gold token $XAUT on BNB Chain, amidst a backdrop of gold prices rising 64% in 2025.

As of Q3 2025, Tether’s holdings of physical gold reached 116 metric tons, positioning it as one of the largest non-sovereign gold holders globally. By integrating stable value-pegged assets with convenient retail tools, Tether is strategically positioning itself across the entire spectrum of the future digital payment landscape.

(The above content is an authorized excerpt and reproduction from our partner “CryptoCity”, original link)

Bitdeer Solidifies Global Bitcoin Mining Dominance with Record Hash Rate and Soaring AI Cloud Revenue

Bitdeer Technologies Group (NASDAQ: BTDR) has cemented its position as the undisputed global leader in Bitcoin mining, leveraging its superior hash rate to dominate the market. According to its latest operational report, the company delivered an outstanding performance in March 2026, self-mining an impressive 661 Bitcoins—a staggering 480% surge compared to the same period last year.

Bitdeer’s Unrivaled Mining Prowess

The report, filed on Wednesday, reveals Bitdeer’s vast operational scale, managing a total of 262,000 mining rigs, with a substantial 225,000 of these being self-owned equipment. The company is also aggressively expanding its global energy capacity, targeting 3.0 Gigawatts (GW) across existing operations and projects under construction, strategically positioning itself for future hash rate growth.

Bitdeer’s self-mining hash rate has escalated to approximately 70 Exahashes per second (EH/s), marking an astonishing 504% year-on-year increase. This achievement once again crowns Bitdeer as the world’s largest miner by self-mining hash rate. The company previously held market dominance at the end of last year with a total managed hash rate of 71 EH/s, where self-mining accounted for 55.2 EH/s.

In comparison to its peers, major mining firm MARA, currently ranked second, publicly reports a hash rate of 66.4 EH/s. CleanSpark, another strong competitor that also released its operational data on Wednesday, reported an average operational hash rate of 47.3 EH/s. By the end of March 2026, Bitdeer’s total managed hash rate, encompassing both self-owned and hosted rigs, had further climbed to an impressive 78.1 EH/s.

From a broader market perspective, the global Bitcoin total hash rate remains robust, hovering around 855 EH/s—still at historically high levels. However, the first quarter of this year saw the Bitcoin network’s total hash rate experience its largest quarterly decline in nearly five years. This downturn is attributed to a confluence of factors including subdued coin prices, intensified competition, and a strategic pivot by some mining enterprises towards the burgeoning AI computing sector.

Strategic Diversification: Bitdeer’s AI Cloud Ascendancy

Beyond its core mining operations, Bitdeer’s strategic investments in the AI high-performance computing (HPC) domain are now yielding significant returns. The report highlights a remarkable surge in the utilization rate of its “AI Cloud Services,” which soared from 64% last month to 94%. This segment now boasts an annualized revenue of $43 million, reflecting a robust 105% month-on-month growth.

Matt Kong, Bitdeer’s Chief Business Officer, commented, “This growth trend not only underscores the immense opportunities within the AI market but also validates our strong execution capabilities in delivering high-performance AI infrastructure.”

In terms of hardware innovation, Bitdeer continues to roll out cutting-edge mining rigs. Its flagship SEALMINER A4 series, boasting a top-tier energy efficiency of 9.45 J/Th (Joules per Terahash, where lower values indicate greater power efficiency), is currently in its final assembly phase and is slated for imminent deployment across Bitdeer’s self-operated mining farms.

Last month, Bitdeer also expanded its hardware offerings by introducing the specialized SEALMINER DL1 Air series of mining rigs. These units are designed for Proof-of-Work (PoW) blockchains utilizing the Scrypt algorithm, such as Litecoin (LTC) and Dogecoin (DOGE), showcasing the company’s diversified hardware strategy.

Competitor Landscape: CleanSpark and Canaan’s Latest Updates

CleanSpark’s Growth Trajectory

Meanwhile, CleanSpark, in its Wednesday report, announced a production of 658 Bitcoins in March 2026, bringing its year-to-date cumulative production to 1,799 coins.

As of the end of March, CleanSpark’s operational hash rate stood at approximately 50 EH/s. Its fleet of 224,000 mining rigs achieved a maximum energy efficiency of 16.07 J/Th, contributing to an average monthly hash rate increase of 11%. On the infrastructure front, the company commands over 1.8 Gigawatts (GW) of power, land, and data center resources across the United States, with 808 Megawatts (MW) currently activated.

CleanSpark CEO Matt Schultz revealed that, in addition to mining, his team is aggressively venturing into the AI and high-performance computing (HPC) sectors, having achieved significant breakthroughs in securing its first hyperscale AI cloud customer.

Canaan’s Resilient Performance

Another publicly traded miner, Canaan Technology, reported producing 89 Bitcoins in March 2026. The company also reached a new historical high in its cryptocurrency reserves by month-end, holding 1,808 Bitcoins and 3,952 Ethereums.

Canaan’s self-deployed hash rate currently stands at 10.97 EH/s, which does not include an additional 4.4 EH/s derived from its joint venture with Cipher Mining. In February, Canaan acquired a 49% stake in three Cipher mining farms located in West Texas.

Nangeng Zhang, CEO of Canaan Technology, stated, “Despite the Bitcoin network’s average hash rate having just experienced its largest quarterly decline since 2021, we are expanding against the trend, adding over 10 Megawatts of power capacity to the network this month.”

The Pre-IPO Gold Rush: Crypto Exchanges Unlocking Exclusive Investment Opportunities

The battle for “Pre-IPO dividends” has dramatically shifted from the exclusive boardrooms of Silicon Valley venture capitalists to the bustling order books of cryptocurrency exchanges. With global unicorn powerhouses like SpaceX, OpenAI, and Anthropic now appearing on asset lists within platforms like the Binance Web3 Wallet, the lines between traditional private equity markets and the burgeoning world of crypto finance are rapidly blurring.

Major crypto exchanges are aggressively staking their claim in the Pre-IPO arena, each forging a distinct path. Binance leads with a wallet-centric approach, Bitget prioritizes regulatory compliance, and Gate.io ventures into pre-market derivatives. This convergence heralds a new era for everyday investors, offering unprecedented access to scarce equity stakes that were once the exclusive domain of family offices and private funds, now obtainable for as little as a few hundred dollars.

As the robust infrastructure of traditional equity meets the revolutionary power of blockchain, a powerful dual symphony of assets is resonating across two financial markets, promising both immense opportunity and intricate challenges.

Clash of Titans: Binance, Bitget, and Gate.io’s Diverse Pre-IPO Strategies

A closer look reveals that leading crypto trading platforms are carving out unique niches in the Pre-IPO landscape, eschewing a one-size-fits-all model and instead forming three distinct strategic schools of thought.

Binance: The Wallet-First Approach for Broad Accessibility

Likely driven by compliance considerations, Binance has opted not to list these assets directly on its exchange. Instead, it has strategically positioned its Web3 Wallet as the gateway. The Binance Wallet has introduced five highly sought-after Pre-IPO assets, featuring some of the tech world’s most compelling companies: SpaceX, OpenAI, Anthropic, Anduril, and xAI.

While the Binance Wallet serves as the primary entry and trading portal, the underlying assets are actually issued by PreStocks, a tokenization protocol operating on the Solana blockchain. This ingenious model leverages SPV (Special Purpose Vehicle) equity tokenization. PreStocks establishes a series of SPVs to hold the equity of these underlying companies, then mints mapped tokens at a 1:1 ratio based on the equity’s value, which are subsequently made available through the Binance Wallet.

For users, this innovative approach shatters the traditional private equity market’s entry barrier, reducing it from hundreds of thousands of dollars to mere tens, thereby truly democratizing fractional investment. For Binance, this move represents a significant first-mover advantage, transforming equity assets into a standard offering for crypto users, diversifying its commercial ecosystem, and attracting a broader user base.

Bitget: Compliance at the Forefront with “IPO Prime”

In contrast to Binance’s wallet-centric strategy, Bitget has chosen a path emphasizing regulatory adherence. It launched “IPO Prime,” a dedicated platform whose inaugural asset is preSPAX, an equity token representing SpaceX, backed by Republic – a licensed digital securities issuer.

Republic’s issuance of preSPAX tokens closely resembles a “debt financing” model, distinguished by its robust legal framework. Although preSPAX tokens do not confer direct voting or dividend rights, they are regulated assets issued under Reg S, defined as structured notes tied to the future IPO performance of the underlying asset.

Bitget has also integrated the “new issuance” strategy prevalent in both crypto and traditional stock markets into tokenized equity investment. Users receive tiered subscription quotas based on their VIP level, with direct subscription available using stablecoins like USDT and USDGO, eliminating the complexities of fiat currency exchange and providing seamless exposure to SpaceX.

Gate.io: High-Leverage Derivatives for Price Discovery

Gate.io has charted an entirely different course, opting for a derivative-based pricing model. It debuted pre-market contracts for SpaceX Pre-IPO stock, settled in USDT and supporting leverage from 1x to 10x.

This product does not involve the transfer of actual equity; it is fundamentally a mechanism for price discovery and market speculation on SpaceX’s post-listing valuation. The significance of this model lies in its ability to provide a public, real-time valuation benchmark for unicorns that have not yet gone public. Given that private company valuations are typically infrequent and opaque, Gate.io’s pre-market contracts empower investors to instantly price SpaceX’s value based on the latest company developments or prevailing market sentiment. This “synthetic asset” characteristic offers crypto-native users a highly capital-efficient participation method.

However, Pre-IPO assets are inherently highly volatile, and Gate.io’s 10x leverage introduces a significant double-edged sword. Private company valuations can fluctuate wildly based on mere rumors. Under 10x leverage, this could lead to widespread retail liquidations, potentially triggering irrational chain reactions across the broader crypto market.

Beyond these major players, platforms like StableStock are also enabling users to participate in Hong Kong IPO subscriptions using stablecoins, further diversifying the landscape.

The Dual Nature of Tokenized Equity: Empowerment Meets Peril

The rise of Pre-IPO asset trading transcends mere financial innovation within the crypto market; it is subtly reshaping the fundamental principles of wealth distribution.

The Promise of Democratization and Efficiency

Historically, private market access to SpaceX was exclusively reserved for top-tier Silicon Valley VCs, sovereign wealth funds, and billionaires. With its valuation soaring to $1.25 trillion in February and an IPO target exceeding $2 trillion, retail investors could only hope to partake in SpaceX’s growth after its public offering, by which time the lion’s share of valuation appreciation would have already been captured by institutional players. Now, even a student with $100 can gain exposure at a $1.5 trillion valuation (as offered by Bitget’s product). Equity tokenization has democratized the growth dividends of tech innovation, extending them from an exclusive Silicon Valley circle to every ordinary user.

Whether through on-chain transactions or pre-market contracts, Pre-IPO assets are transforming valuations from an “information black box” into transparent “pricing signals.” The price feedback generated by substantial trading volume in SpaceX, for instance, can feed back into traditional financial markets, providing more accurate data for LP valuations and effectively dismantling the information monopoly of private markets.

Furthermore, stablecoins are evolving beyond mere “speculative chips” within the crypto ecosystem. As users leverage stablecoins to trade Pre-IPO assets, these digital currencies become powerful productivity tools for cross-border equity transactions, deeply integrating with the real economy and advancing towards becoming a global financial “medium of exchange.”

The Unseen Pitfalls and Structural Risks

Despite the compelling narrative, equity tokenization navigates the precipice of structural risks, with potential dangers lurking at every turn. A critical vulnerability in virtually all current Pre-IPO products is the fundamental lack of shareholder rights: Pre-IPO token holders are typically not granted shareholder status, voting rights, or board seats.

Crypto analyst Phyrex astutely points out that current Pre-IPO products are essentially SPV mirrors. Users are not primarily trusting SpaceX itself, but rather the creditworthiness of the issuing entity. Should the underlying company undergo significant restructuring, bankruptcy, or implement malicious anti-dilution clauses before an IPO, token holders would possess minimal legal recourse.

Moreover, even if protocols like PreStocks operate on the Solana blockchain, the authenticity and backing of their assets remain intrinsically tied to the off-chain SPV manager. Any physical risks off-chain – such as insider trading, misappropriation of assets by the manager, or seizure by local regulators – could directly sever on-chain liquidity, revealing decentralization to be merely a superficial layer.

A significant cautionary note is that most Pre-IPO products restrict participation from U.S. users to circumvent SEC regulations. However, as the Pre-IPO asset class expands, regulators may re-evaluate and redefine the legal nature of these assets. In the future, if regulators mandate that tokenized equity must adhere to full IPO compliance procedures, the current advantages of these products could swiftly transform into burdensome regulatory shackles.

Why Now? Crypto’s Quest for Real-World Assets and Growth Dividends

This surge in Pre-IPO interest is fundamentally driven by a pervasive “asset drought” within the crypto market. As the global economy enters a new industrial cycle, a wave of AI unicorns are announcing IPO plans, with fundraising activities in full swing. Investors are increasingly seeking high-beta growth assets, and Pre-IPO assets like SpaceX, riding the crest of the AI wave, are essentially “long-term call options” with exceptionally high potential returns.

Consequently, exchanges are strategically introducing Pre-IPO offerings to infuse the crypto market with high-growth equity backed by tangible productivity. This diversification of the asset landscape is poised to further diminish the speculative nature of the crypto industry and smooth out its inherent cyclical volatility.

Traditional Pre-IPO transactions are notoriously plagued by lengthy settlement cycles and opaque processes. Tokenization technology, through on-chain atomic settlement, dramatically reduces equity transfer times from weeks to mere seconds. While legal ownership confirmation still requires off-chain processes, the instantaneous on-chain flow of economic rights is effectively simulating secondary market liquidity, thereby enhancing the pricing efficiency of unicorn equity valuations.

Bitget’s articulation of a “Universal Exchange” encapsulates the broader ambition shared by all major crypto exchanges: to evolve beyond mere cryptocurrency trading platforms and become unified portals where users can manage and trade cryptocurrencies, stocks, equity, bonds, and commodities. Pre-IPO assets are ideally suited as a powerful user acquisition tool for exchanges. By introducing these scarce and highly desirable assets, exchanges can effectively convert traditional investors interested in AI equity into engaged crypto users.

For investors embarking on this exciting journey, the paramount challenge lies in discerning genuine opportunities from “fake air certificates.” In the complex and often volatile financial markets, the authenticity and verifiable backing of the underlying asset remain the immutable anchor.

Tokenized equity is poised to transmit the dividends of technological advancement, via stablecoins, to every corner of the globe. In the ongoing dynamic interplay between regulation and innovation, a more transparent, efficient, and equitable global equity trading system is quietly taking shape, built upon the foundational principles of blockchain technology.

(The above content is an authorized excerpt and reprint from our partner PANews. Original article link)

SEC Issues Conditional Exemption for Crypto Wallet User Interfaces from Broker-Dealer Registration

In a significant development for the digital asset space, the U.S. Securities and Exchange Commission (SEC) announced on Monday that certain “user interfaces (UIs)” facilitating crypto wallet operations and transactions may be exempt from registering as “broker-dealers.” This move signals a nuanced approach to regulating the rapidly evolving cryptocurrency landscape.

Understanding the SEC Staff Statement

The SEC’s Division of Trading and Markets released a staff statement on Monday, offering clarity on the application of federal securities laws to crypto asset-related user interfaces. Crucially, the SEC emphasized that this document serves as an interim policy perspective, not a formal rule or legally binding regulatory guidance. The Commission stated:

“This statement aims to clarify how federal securities laws apply to activities related to ‘crypto asset securities.’ As the Commission continues to deliberate various regulatory issues related to crypto asset securities activities and compiles external feedback during this transitional period, the staff’s views will serve as an interim policy perspective.”

Defining the Exempted User Interfaces

The SEC clarified that these “user interfaces (UIs)” encompass a range of tools, including websites, software applications, and browser extensions. They are typically integrated into crypto wallets or provided for users to download, enabling individuals to leverage “self-custodial wallets” for “user-initiated crypto asset securities transactions” on blockchain protocols. Essentially, these UIs act as conduits, connecting users directly to the blockchain without intermediaries handling their assets.

Key Conditions for Exemption

For a crypto wallet interface to qualify for this critical exemption from broker-dealer registration, the SEC outlined several stringent conditions:

• No Investor Solicitation: The UI must not actively solicit investors or promote specific investment opportunities.
• Neutrality in Trading: It must refrain from using promotional language, such as “best price,” that could influence users’ trading decisions or dictate execution paths.
• Robust Internal Policies: The UI provider must establish comprehensive internal policies and procedures designed to objectively and systematically analyze the status of various trading platforms, ensuring impartiality.

This framework emphasizes that the UI’s role should remain purely technical and facilitative, empowering users to execute their own decisions without external influence or intermediation.

When Exemption is Lost: Crossing the Line

The SEC made it clear that any UI crossing the boundary from a pure software service to a more active role in trading will immediately forfeit its exempt status. This includes activities such as:

• Offering financing or lending services to users.
• Providing investment advice or recommendations.
• Substantially handling or taking custody of user assets.
• Actively accepting or executing trades on behalf of users.

Should a UI engage in any of these actions, it will fall back under the SEC’s jurisdiction, requiring broker-dealer registration and adherence to associated regulations.

A Shifting Regulatory Paradigm

This latest staff statement from the SEC aligns with a discernible shift in its regulatory approach over the past year. Moving away from former Chairman Gary Gensler’s broad stance that “most crypto assets are securities,” the Commission is increasingly adopting a “functional classification” model. Through a series of recent statements, the SEC has begun to dissect and categorize different types of cryptocurrency activities—from meme coins and stablecoins to staking mechanisms and now user interfaces. This evolving regulatory logic suggests a more granular and tailored approach to digital asset oversight, aiming for precision rather than a blanket application of existing rules.

TD Cowen Adjusts MicroStrategy Outlook, Initiates Coverage on Four Emerging Crypto Reserve Firms

Investment banking giant TD Cowen has recalibrated its target price for MicroStrategy (MSTR), a prominent Bitcoin accumulator, slashing it by 20.5% from $440 to $350. Despite this significant reduction, the firm maintains its “Buy” rating on the stock. Concurrently, TD Cowen has expanded its research scope, initiating coverage on four smaller, yet strategically significant, cryptocurrency reserve companies, assigning a “Buy” rating to all of them.

MicroStrategy’s Target Price Revisions: A Deeper Dive

The downward revision for MicroStrategy’s target price primarily reflects a more conservative outlook on two key factors, as highlighted by TD Cowen analysts Lance Vitanza and Jonathan Navarrete. These include revised “expected Bitcoin prices” and a lower “valuation multiple for MicroStrategy’s anticipated Bitcoin gains.”

Analysts project MicroStrategy’s “Bitcoin gain” for fiscal year 2026 to be approximately $7.87 billion, a decrease from the $10.17 billion estimated for 2025. Nevertheless, TD Cowen remains confident in MicroStrategy’s fundamental business model: leveraging capital markets to strategically acquire and accumulate Bitcoin, effectively transforming market volatility into tangible digital asset growth.

Currently, MicroStrategy holds a substantial 766,970 Bitcoins at an average cost of about $75,700 per coin. The company reports net debt of $5.94 billion, against a robust market capitalization of $41.88 billion.

Scenario Analysis: Navigating MicroStrategy’s Future

To provide a comprehensive perspective on MicroStrategy’s potential trajectory, the TD Cowen team has modeled three distinct market scenarios:

• Base Scenario: Assumes Bitcoin steadily climbs to $140,000 by December this year, with MicroStrategy maintaining quarterly Bitcoin purchases of approximately $5 billion.
• Optimistic Scenario: In a robust bull market, Bitcoin could surge to $175,000 by December (a 40% increase from its prior all-time high). Under this scenario, MicroStrategy’s quarterly acquisitions would exceed $5 billion.
• Pessimistic Scenario: A “crypto winter” could see Bitcoin plummet by 80% to $25,000. In such a downturn, MicroStrategy would be compelled to halt Bitcoin purchases entirely, constrained by deteriorating market conditions or limited access to capital market financing.

The report candidly acknowledges inherent risks in investing in MicroStrategy stock. These include a high correlation between MSTR’s share price and Bitcoin’s value, the potential for its current premium valuation to converge, regulatory uncertainties surrounding corporate crypto holdings, and critical operational risks associated with asset custody, such as the loss of cold wallet private keys.

Expanding Horizons: TD Cowen Initiates Coverage on Emerging Crypto Reserve Firms

Beyond its MicroStrategy update, TD Cowen has officially broadened its coverage to include what it terms “emerging industry sectors.” The firm posits that the operational activities of listed Bitcoin and Ethereum reserve companies are poised to create significant value for investors and the broader digital asset ecosystem. TD Cowen anticipates this sector will “very likely persist and attract increasing investor attention over time.”

The four new companies brought under TD Cowen’s analytical umbrella are Sharplink (SBET), Strive (ASST), Nakamoto Holdings (NAKA), and The Smarter Web Company (SWC.LN). While three of these firms are primarily focused on Bitcoin accumulation, Sharplink distinguishes itself with an Ethereum-centric reserve strategy. All four have received a “Buy” rating from TD Cowen.

Sharplink (SBET): The Ethereum Accumulator

• Target Price: $16.
• Positioned as an institutional-grade Ethereum reserve platform, Sharplink’s core strategy involves continuous ETH accumulation and generating superior yields through staking compared to spot ETFs. Should Ethereum reach $3,650 by the end of 2026, the company’s potential ETH gains for fiscal year 2026 could climb to $93 million.

Strive (ASST): Bitcoin-Focused Growth

• Target Price: $26.
• Assuming Bitcoin hits $140,000 by year-end and applying a two-times valuation multiple, Strive is projected to generate approximately $142 million in Bitcoin gains in fiscal year 2026.

Nakamoto Holdings (NAKA): Diversified Bitcoin Exposure

• Target Price: $1.
• Founded by David Bailey in May 2025, Nakamoto Holdings not only manages its own reserves but also holds minority stakes in international Bitcoin reserve companies and related ventures. It is estimated to achieve $394 million in revenue for fiscal year 2026. Notably, to maintain its Nasdaq listing, the company recently proposed a reverse stock split, potentially at a ratio of 1-for-20 or even 1-for-50, to boost its per-share price.

The Smarter Web Company (SWC.LN): Dual Strategy in the UK

• Target Price: £1 (approximately $1.34).
• This UK-based company transitioned to the London Stock Exchange in February, raising a significant £225 million within its first six months of listing. It operates on a “dual-track” model, sustaining its core web design and marketing business while utilizing capital markets to expand its Bitcoin reserves. Analysts’ £1 target price is predicated on Bitcoin reaching £106,000 ($140,000) by the end of 2026, and the company realizing £52 million in Bitcoin gains in fiscal year 2027.

Navigating Risks in the Emerging Crypto Reserve Sector

TD Cowen highlights several common risks across these four companies, including cryptocurrency price volatility, political and regulatory uncertainties, financial and operational leverage, and fluctuations in capital market access. Specific risks for individual firms include:

• Sharplink: High dependence on a substantial increase in Ethereum’s price.
• Strive: The necessity of re-establishing access to value-accretive capital market channels.
• Nakamoto Holdings: A $210 million Kraken loan maturing in December 2026.
• The Smarter Web Company: Limited liquidity, with only a $30 million Coinbase credit line.

In a striking illustration of digital asset market complexities, a recent cryptocurrency attack on the Hyperbridge cross-chain bridge has captivated the industry. This incident, occurring earlier today (April 13), saw a hacker exploit a vulnerability to arbitrarily mint a staggering one billion Polkadot (DOT) tokens on the Ethereum network, boasting a nominal value of $1.19 billion. Yet, in a twist of irony, the attacker’s attempt to liquidate these tokens was severely hampered by insufficient market liquidity, ultimately yielding only approximately $237,000 worth of Ethereum (ETH).

It is crucial to clarify that the target of this sophisticated attack was the cross-chain bridge’s smart contract, meaning the native DOT tokens residing on the Polkadot mainnet remained entirely unaffected. The core vulnerability stemmed from Hyperbridge’s EthereumHost contract, which critically failed to adequately verify the authenticity of cross-chain messages before relaying them to the TokenGateway contract.

Bridged $DOT (@Polkadot) just got exploited on @ethereum.

Control was swapped to the attacker’s contract, then 1B $DOT was minted and instantly dumped. Price cratered from $1.22 to tiny fractions of a cent.https://t.co/ECDT0RaHE9 pic.twitter.com/WUwxjtsNwr

— Onchain Lens (@OnchainLens) April 13, 2026

Cross-chain bridges, by their very nature, often represent one of the most critical points of vulnerability within the broader blockchain ecosystem. This is primarily because they typically hold administrative control over token contracts, making any flaw in their validation mechanisms a potential gateway for malicious actors to gain unlimited token minting privileges.

Attack Methodology: Forged Messages, Admin Seizure, and Infinite Minting

On-chain forensic analysis reveals the intricate steps taken by the attacker. The perpetrator initiated the exploit by submitting a cleverly forged message via the dispatchIncoming function, successfully redirecting it to TokenGateway.onAccept. Crucially, the system, which should have cross-referenced this message against the state of the Polkadot chain for authenticity, recorded the commitment value as “all zeros.” This critical failure effectively bypassed or rendered the validation process non-existent, leading the system to erroneously accept the fabricated message as a legitimate command.

Upon acceptance, the forged message triggered the changeAdmin function within the bridged Polkadot token contract, promptly transferring administrative control to the attacker’s address. With this newfound authority, the attacker proceeded to mint one billion DOT tokens in a single transaction. These newly minted tokens were then rapidly funneled through the Odos Router V3 into Uniswap V4’s DOT-ETH trading pool. After executing multiple swaps at slightly varying prices, the attacker ultimately extracted approximately 108.2 ETH.

The Paradoxical Shield: How Low Liquidity Limited the Hacker’s Haul

In a fascinating turn of events, what is typically a major concern for large-scale traders in financial markets—insufficient liquidity—ironically served as an invisible protective barrier in this incident, drastically curtailing the hacker’s potential profits.

The liquidity depth for DOT on the Ethereum network proved to be extremely limited, utterly incapable of absorbing the sudden influx of one billion newly minted tokens. As the hacker frantically attempted to offload these tokens for quick cash, severe price slippage ensued, driving the actual per-token price to less than a single cent.

Had this identical vulnerability existed on a bridge asset with deeper liquidity or a significantly higher intrinsic value, the resulting losses could have easily escalated by tens of multiples. As of the time of writing, DOT’s trading price hovers around $1.17, reflecting a 5% decrease over the past 24 hours.

This incident serves as a stark reminder that even when a hacker achieves the power of “infinite minting,” the ultimate success of their arbitrage attempt remains contingent upon prevailing market liquidity and trading depth. Leading blockchain security firm CertiK subsequently confirmed the attack, reporting that the hacker profited approximately $237,000 from the minting and subsequent selling of the bridged tokens.

As of now, Hyperbridge officials have not yet issued any public statements or comments regarding the hacking incident.

#CertiKInsight

We have seen an exploit on the @hyperbridge gateway contract. https://t.co/h27iDm1JGd

The attacker slipped through a forged message to change the admin of Polkadot token contract on Ethereum and profited ~$237K from minting and selling 1B tokens.

Stay… pic.twitter.com/3t2n4uq5hy

— CertiK Alert (@CertiKAlert) April 13, 2026

The crypto market finds itself at a familiar crossroads. Following Bitcoin’s recent surge past the pivotal $70,000 threshold, a persistent wave of profit-taking has emerged as a significant barrier, consistently thwarting bullish momentum and raising questions about its immediate upward trajectory.

Blockchain analytics leader Glassnode reports a staggering trend: over $20 million in Bitcoin is being divested hourly. This relentless sell-off is particularly pronounced as BTC approaches a critical resistance band.

“Each time Bitcoin’s price nears the $70,000 to $80,000 range, it’s met with a formidable combination of dwindling liquidity and aggressive profit-taking. This dynamic has consistently stifled any significant rebound momentum. The recent push above $70,000 was similarly consumed by this hourly torrent of over $20 million in sell orders.”

The underlying message from this data is unequivocal: the $70,000 to $80,000 corridor is less a testament to bullish conviction and more a strategic “distribution zone.” This term describes a price bracket where major holders, often referred to as “whales,” systematically offload their assets, capitalizing on higher prices to exit positions rather than accumulate further.

Essentially, any ascent of Bitcoin above the $70,000 mark frequently triggers a surge in liquidity realization. Instead of eagerly chasing new highs, many investors are now treating these price rallies as critical “escape windows.” The consequence is a predictable pattern: each attempted upward breakout is swiftly met with a deluge of selling pressure from substantial holdings, leading to repeated market pullbacks and suppressed gains.

This prevailing capital structure makes it exceptionally challenging for Bitcoin to sustain any upward momentum beyond $70,000. Last week offered a prime example: BTC briefly surged towards $74,000. However, geopolitical developments, specifically the reported breakdown of US-Iran peace talks, sent ripples through global markets. This not only propelled international oil prices higher but also dragged down US stock futures, with Bitcoin subsequently retracing its gains to fall back below $71,000 at the time of this report.

Moving forward, the primary determinant for Bitcoin’s ability to unlock its true upside potential hinges on the alleviation of this persistent $20 million hourly selling pressure. The most significant obstacle facing the market today appears to be less about conventional technical resistance levels and more profoundly rooted in the collective behavior of its investors.

By MAX, CryptoCity

Quantum Threats and Bitcoin’s Existential Challenge

The very foundation of Bitcoin’s security, relying on the Elliptic Curve Digital Signature Algorithm (ECDSA) and Schnorr signatures, faces a formidable, albeit future, threat from powerful quantum computers. Should quantum machines successfully execute Shor’s Algorithm, they could potentially decrypt existing cryptographic techniques, enabling attackers to derive private keys from publicly available blockchain information and illicitly seize funds.

This critical vulnerability has been a topic of extensive discussion within the developer community for years. One extreme proposal, an “emergency brake” upgrade, suggested disabling existing signature systems to defend against such attacks. However, this measure carried a severe drawback: it would effectively lock out users who hadn’t migrated their funds, potentially rendering millions of wallets, including modern Taproot implementations, permanently inaccessible due to a lack of alternative verification methods.

• Related News: Can a Quantum Attack Crack Bitcoin in 9 Minutes? Binance CZ: An Upgrade Can Block It, No Need to Panic

A Quantum Lifeline: Proving Wallet Ownership Without Revealing Seeds

In a significant development, Olaoluwa “Roasbeef” Osuntokun, CTO of Lightning Labs, publicly unveiled a prototype tool on April 9th via the Bitcoin developer mailing list. This innovative solution is designed to offer users a crucial escape route for their assets in a quantum-threatened future. The system, building upon Osuntokun’s earlier research into quantum-resistant signatures, empowers users to prove ownership of their wallets without ever exposing their original seed phrase.

The tool establishes a secure mathematical link between a wallet and its generating seed, ensuring that the rescue process for a single wallet does not compromise the security of other wallets derived from the same seed. This mechanism provides Bitcoin’s network with an alternative authorization method, granting users the ability to reclaim their assets even in extreme scenarios where traditional digital signatures are compromised or disabled.

Preliminary testing has shown promising results: the prototype generates a proof in approximately 55 seconds on a high-performance MacBook, with verification taking less than 2 seconds. The resulting proof file is roughly 1.7 MB, comparable in size to a high-resolution photograph. While currently an unoptimized prototype and not yet integrated into mainstream wallet software, this breakthrough successfully addresses a long-standing technical gap within the community.

Fundamentally, this solution redefines the proof of ownership from “I can digitally sign” to “I can prove this wallet originated from my seed.” This innovative approach maintains robust security while circumventing the risk of asset freezing that could arise from an emergency protocol upgrade.

Quantum-Safe Transactions Without Core Protocol Modifications

Concurrently, on the same day (April 9th), StarkWare developer Avihu Levy introduced groundbreaking research titled “Quantum Safe Bitcoin” (QSB). This proposal presents a method for achieving quantum-resistant transactions without necessitating any modifications to Bitcoin’s core consensus rules or requiring a soft fork.

QSB’s technical core pivots the security assumption from elliptic curves to the pre-image resistance of hash functions. Given that quantum computers offer only limited acceleration in cracking hash functions, this architecture effectively defends against quantum attacks, maintaining an estimated security margin of approximately 118 bits.

QSB achieves this by embedding “hash-to-signature” puzzles within Bitcoin’s existing script limitations, utilizing functions like RIPEMD-160 to construct a unique verification mechanism. Users must discover specific transaction parameters to satisfy the hash proof conditions, a process akin to a miniature Proof-of-Work, with a success probability of roughly 1 in 70.4 trillion.

Research estimates suggest that generating such transactions using cloud GPUs would incur a cost of approximately $75 to $150. While QSB transactions are currently too large for standard node propagation and require direct submission to miners via services like Slipstream, this research underscores Bitcoin’s inherent flexibility to address future technological challenges without altering its foundational rules.

Evaluating Adoption and the Path Forward for Quantum Defense

The widespread adoption of quantum defense technologies will inevitably face hurdles related to cost and performance. Quantum-resistant signatures typically consume more block space, which could lead to increased transaction fees. The timeline for Bitcoin’s quantum upgrade remains a subject of debate within the market.

On the prediction platform Polymarket, traders currently assess the probability of a Bitcoin quantum-resistant upgrade proposal (such as BIP-360) being adopted by 2027 at approximately 26%. While academic discourse continues regarding the precise timing of large-scale quantum attacks, the recent emergence of these rescue tools and transaction proposals significantly bolsters the network’s resilience against future risks.

Through the development of these defensive prototypes, the Bitcoin community is steadily bridging the gap between theoretical vulnerabilities and practical applications. Osuntokun’s rescue prototype and Levy’s QSB solution offer diverse defense options tailored to different user needs. As computational resources are optimized and proof generation techniques advance, these tools are expected to become more lightweight and accessible to a broader audience. For the Bitcoin ecosystem, the continuous research and development of various quantum backup solutions are essential for preserving the long-term value of this digital gold. Before the threat truly materializes, these proactive technological reserves will serve as a critical moat, protecting user assets from obsolescence.

(The above content has been excerpted and reproduced with authorization from our partner “CryptoCity”. Original Article Link)

US Treasury Secretary Bessent Urges CLARITY Act Passage, Warns of Eroding Financial Leadership

By MAX, CryptoCity

US Treasury Secretary Scott Bessent has issued a powerful call to action in a recent opinion piece published in The Wall Street Journal, imploring Congress to swiftly pass the Digital Asset Market Clarity Act (CLARITY Act). Bessent’s message is clear: America’s long-held position as a global financial leader is at risk if regulatory ambiguity persists in the rapidly evolving digital asset space.

A Critical Juncture for US Financial Dominance

Bessent highlights that the United States has historically set the global standard for financial markets through its clear regulations and adaptability to innovation. However, this leadership is now facing unprecedented challenges. He warns that continued congressional delay in establishing a robust regulatory framework for digital assets will cede dominance to other nations, pointing to a discernible exodus of developers and exchanges towards jurisdictions like Abu Dhabi and Singapore, which offer more favorable and predictable regulatory environments.

Underscoring the gravity of the situation, Bessent asserts that economic security is synonymous with national security. The cryptocurrency industry, he notes, has long transcended its niche origins, with the global crypto market cap consistently hovering between $2 trillion and $3 trillion. Statistics reveal that approximately one in six Americans now holds some form of digital assets, while traditional financial institutions are actively seeking exposure. The applications of blockchain technology are also expanding rapidly across payments, settlement, and the tokenization of real-world assets (RWA).

The Secretary advocates for the next wave of blockchain innovation to be built “on US rails,” supported by American institutions and denominated in US dollars. Without a durable legal structure, developers will be stifled by regulatory uncertainty and a “regulation by enforcement” approach, compelling them to seek opportunities abroad.

From GENIUS to CLARITY: Building the Legal Pillars for Digital Assets

The CLARITY Act represents a crucial legislative follow-up to the GENIUS Act, which was signed into law by President Donald Trump in July 2025.

• The preceding GENIUS Act successfully established a federal framework for US dollar-backed stablecoins, a vital step towards anchoring stablecoin activity to the dollar and modernizing payment systems.
• The CLARITY Act expands upon this progress, aiming to encompass the entire digital asset ecosystem. It seeks to clearly delineate regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while also creating transparent registration pathways for trading platforms.

SEC Chairman Paul Atkins has expressed strong support for the initiative, revealing that the SEC has already launched “Project Crypto,” a modernization program designed to optimize token classification, custom exemptions, and safe harbor provisions. Atkins emphasizes that while regulatory bodies can offer temporary relief through rule-making, enduring policy hinges on congressional legislation to prevent potential reversals with future changes in administration.

Both the SEC and CFTC are reportedly prepared to implement the relevant regulations immediately upon the bill’s passage and presidential signature. This legislation promises to provide the comprehensive market structure rules that the industry has sought for years, including clear definitions for whether digital assets qualify as securities, enhanced investor protection measures, and robust safeguards against illicit financing.

• Related News: SEC Launches ‘Project Crypto’: A 5-Point Vision to On-Chain US Financial Markets

Stablecoin Yields: The Sticking Point – White House Report Debunks Banking Concerns

Despite strong support from high-level government officials, the CLARITY Act’s progress in the Senate has stalled due to a fundamental disagreement between the banking industry and crypto leaders. At the heart of this dispute lies the mechanism of stablecoin “yields and rewards.”

Banking lobby groups express concern that allowing stablecoin issuers or third-party platforms, such as Coinbase, to distribute yields to customers would lead to a significant outflow of traditional bank deposits, thereby weakening banks’ lending capacity. To break this deadlock, the White House Council of Economic Advisers recently published a research report concluding that the risk posed by stablecoin rewards to bank deposits is “negligible.”

The study estimates that even if stablecoins were prohibited from paying yields, the contribution to total bank loans would only be approximately $2.1 billion, representing a mere 0.02% of the $12 trillion banking loan market. Community banks, specifically, would see an increase of only about $500 million. Conversely, implementing such a ban would result in an estimated annual welfare loss of approximately $800 million for users due to lost income.

President Trump has voiced his dissatisfaction with the banking industry’s obstruction, criticizing them for using the stablecoin yield issue as leverage to hold up both the CLARITY Act and the GENIUS Act. Currently, a revised compromise proposal is circulating in the Senate. While crypto leader Coinbase still harbors some objections, industry sentiment suggests that consensus is rapidly approaching.

The Clock is Ticking: Political Maneuvering and Election Pressure Mount

With the November 2026 midterm elections on the horizon, Congress’s legislative calendar is exceptionally tight. Secretary Bessent has repeatedly emphasized the scarcity of Senate floor time, urging the Senate Banking Committee to expedite a markup session and bring the bill to a full floor vote. Senator Cynthia Lummis echoes this sense of urgency, noting the current foundation of executive support and bipartisan cooperation. Should the bill fail to pass by May, its chances of enactment during the current administration’s term will significantly diminish as summer election campaigning intensifies.

Beyond the banking industry’s contentious points, some Democratic senators have raised ethical concerns primarily centered on President Trump’s personal cryptocurrency ventures. With plans for an exclusive event for Trump-affiliated token supporters scheduled for April 25 at Mar-a-Lago, opponents fear potential conflicts of interest surrounding the bill’s passage.

Concurrently, the political landscape is seeing new contenders with technological backgrounds, such as Ethereum developer Joe Schiarizzi, who announced his candidacy for Congress in Virginia, advocating for cryptocurrency to return to its original purpose of serving the public interest. Despite the continuous political noise, Treasury officials remain steadfast in their conviction that establishing a clear regulatory framework will mitigate supervisory risks, enhance institutional participation, and firmly root the future of digital finance within the United States.

Crypto Titan Justin Sun Ignites Firestorm, Accuses Trump-Backed WLFI of Secret ‘Blacklist Backdoor’ and Asset Freezing

Once a major patron, now the fiercest critic. Tron founder Justin Sun has publicly accused World Liberty Financial (WLFI), a project reportedly backed by the Trump family, of embedding a clandestine ‘blacklist backdoor’ within its token’s smart contract. This alleged feature, Sun claims, grants WLFI the power to unilaterally freeze or even confiscate user assets without prior notice or justification. The explosive allegations have ignited a fiery public dispute on social media, with WLFI swiftly retaliating and both parties threatening legal action.

On April 12th, Sun took to X (formerly Twitter) to launch his scathing attack, alleging that this DeFi project had covertly implemented a ‘blacklist backdoor function’ in the WLFI token’s smart contract. He asserted that this feature empowers the project to ‘unilaterally freeze, restrict, or even confiscate any token holder’s assets, without prior notification, without any reason, and leaving investors with no recourse for appeal.’

I have always been an ardent supporter of President Trump and his crypto friendly policy.

As an early supporter who invested heavily in World Liberty Financial, I did so because I believed in the vision that was presented to the public: a decentralized finance platform that…

— H.E. Justin Sun (@justinsuntron) April 12, 2026

Sun articulated that this alleged functionality starkly contradicts WLFI’s foundational promise of a decentralized platform, branding it as a ‘trojan horse masquerading as an open door.’ He claims to be the ‘first and most severely impacted victim,’ recounting an incident in September of last year where approximately $9 million worth of WLFI tokens were abruptly blacklisted and frozen without warning while he was transferring them between his own wallet addresses. He emphatically stated:

The WLFI team has been extracting fees from users, secretly embedding backdoors to manipulate user assets, freezing investor funds without disclosure or due process, and treating the cryptocurrency community as an ATM. All these actions are illegal and have never been authorized through any fair, transparent, or good-faith community governance process.

The dispute has now escalated significantly. While Sun initially appealed to the team to unfreeze his tokens last September, merely deeming the action ‘unreasonable’ without direct fraud accusations, his latest Sunday statement unleashes a full-blown assault. He now accuses the project of secretly embedding admin control features, levying fees on users, and even manipulating community governance votes to predetermine outcomes.

Despite his aggressive stance, Sun demonstrated a notable degree of political acumen. He prefaced his accusations by reiterating his staunch support for former U.S. President Donald Trump and his ‘crypto-friendly policies,’ deliberately narrowing his criticism to ‘a few bad apples within WLFI.’ It’s reported that Sun initially injected $30 million into the project in late 2024 and was invited as an advisor, subsequently increasing his investment to approximately $75 million. Concurrently, he also poured $100 million into supporting the TRUMP meme coin.

According to data compiled by Bubblemaps, the frozen WLFI tokens belonging to Sun amount to a staggering 545 million. Since the freeze, the value of these assets has plummeted by over $80 million as the WLFI token price has steadily declined.

UPDATE: Justin Sun’s locked $WLFI are down $80,000,000

WLFI is down another -10% after the team used their own token as collateral to borrow $50M+ in stables, emptying the lending pool https://t.co/PQkrobP3TZ pic.twitter.com/FVdBKPdUPl

— Bubblemaps (@bubblemaps) April 10, 2026

WLFI Fires Back: ‘We’ll See You In Court’

Hours after Sun’s explosive claims, World Liberty Financial’s official account on X launched a fierce counter-attack, posting: ‘Does anyone still believe @justinsuntron?’

The WLFI team accused Sun of ‘playing the victim card’ to mask his own alleged misconduct, asserting he was ‘reusing old tricks and shifting blame.’ World Liberty Financial emphasized that it possesses ‘contracts, evidence, and the truth,’ concluding its statement with a direct threat: ‘We’ll see you in court,’ signaling their readiness for legal confrontation.

Sun was quick to retort, challenging: ‘Those hiding behind official accounts, have the courage to step forward and reveal your names! As the largest investor, I demand that those responsible make a public appearance instead of launching sneak attacks from the shadows.’

Sensitive Timing: WLFI Mired in Lending and Liquidation Concerns

Sun’s decision to launch his accusations at this particular moment is highly intriguing. Just last week, the WLFI token price plummeted to an all-time low, triggered by market revelations that the project’s treasury had collateralized a massive 5 billion WLFI tokens on the decentralized lending protocol Dolomite, borrowing approximately $75 million in USDC and USD1. Adding to the controversy, over $40 million of these borrowed funds were reportedly transferred to the institutional trading platform Coinbase Prime.

Further fueling market skepticism is the apparent conflict of interest: Corey Caplan, co-founder of Dolomite, also serves as an advisor and CTO for World Liberty Financial. Currently, the collateralized WLFI assets account for over half of Dolomite’s total supplied assets, with the USD1 liquidity pool’s utilization rate nearing 93%.

In response to these concerns, World Liberty Financial’s official channels have dismissed the criticisms as ‘FUD’ (Fear, Uncertainty, and Doubt), asserting that the current collateralization ratio is ‘far from liquidation’ and pledging to add more collateral if the token price continues to decline.

Furthermore, the project announced plans to introduce a new governance proposal this week, outlining a phased unlocking schedule for early retail investors, approximately 75% of whose tokens remain locked.

As per CoinGecko data, the WLFI token is currently trading around $0.079, with relatively flat performance over the past 24 hours, and the project’s overall market capitalization stands at approximately $2.5 billion. The crypto world watches with bated breath to see how this escalating conflict between a prominent crypto figure and a project linked to a political celebrity family will ultimately unfold.