DWF Labs Acquires $25M in Trump-Backed WLFI Tokens
DWF Labs Acquires $25M in Trump-Backed WLFI Tokens
🏦 Trump's Crypto Gets Serious
DWF Labs, a major Web3 market maker, has acquired $25 million in governance tokens from World Liberty Financial (WLFI), a Trump-backed project building a USD-pegged stablecoin on BNB Chain.
Key developments:
- USD1: New 1:1 USD-backed stablecoin launching on BNB Chain
- Partnership aims to enhance liquidity and market adoption
- Integration with BNB-based DeFi protocols planned
The move is expected to boost BNB Chain's ecosystem through:
- Increased on-chain volume
- Cross-DeFi integrations
- Enhanced stablecoin infrastructure
Previously, WLFI adopted Chainlink's standard to help secure lending markets and enable cross-chain connectivity.
$U Stablecoin Reaches $574M Market Cap with Growing BNB Chain Integration
The $U stablecoin has reached significant adoption milestones within the BNB Chain ecosystem: - **574M $U minted** with a circulating supply matching its market cap - **Deep integrations** established across major DeFi protocols including PancakeSwap, Lista DAO, and Venus Protocol - Growing presence within the broader BNB ecosystem This expansion comes as PancakeSwap, one of the key integration partners, recently celebrated its 5th anniversary with $2.5T in trading volume and 143M users.
🚨 Fed Decision Day
**FOMC meeting today** with 25 basis point rate cut nearly guaranteed (99% priced in). **Two scenarios ahead:** - Expected cut + dovish guidance → risk assets rally (crypto leads) - Unexpected pause or hawkish tone → sharp selloff in stocks & crypto **Key catalysts to watch:** - Balance sheet pause hints - 2025 rate cut signals - Forward guidance tone Crypto typically moves first and fastest on Fed decisions. Market positioning suggests most expect dovish outcome.
Ponder Launches Beta Version and Secures $1.5M Investment
Ponder, an AI-powered Web3 comparison engine, has launched its beta version with significant developments: - Beta release enables asset swapping and bridging across 20+ blockchain networks - Secured $1.5M funding from investors including Oblivion Labs, Normie Capital, and others - Planning Q4 2024 token generation event (TGE) with 20% initial release - Announcing 25,000 $PNDR token airdrop for WeWay community The platform focuses on comparing various Web3 services including: - EigenLayer re-staking - Runes/BRC-20/Ordinals - RWA/NFTs - DePIN protocols Visit wepad.io/project/ponder to check registration status.