Not every meme coin on the market deserves your attention, but a few of them genuinely do. Little Pepe is one, currently in Stage 13 of its presale at $0.0022 with over $28 million raised and 98% of tokens already gone. Bonk and SPX6900 round out this list for different reasons, and all three have real upside left on the table.
Little Pepe: The Presale That Is Basically Already Over Stage 13 is nearly gone. Little Pepe has raised over $28 million, tokens are 98% sold, and the price is moving up to the next stage. That is not manufactured urgency; those numbers are live on the presale tracker. Unlike typical meme coins, LILPEPE is powered by a meme Layer 2 chain that delivers sniper bot resistance, zero buy or sell taxes, and near-zero trading fees. That kind of structural difference is what separates a real project from the thousand other meme launches nobody remembers six months later.
With exchange listings on the horizon and over 15 ETH in giveaway prizes to boost engagement, Little Pepe could become the first meme coin ecosystem, not just a token. That distinction matters more than most people realize. Projects that build ecosystems tend to survive the inevitable corrections. Projects that are just tokens riding a wave usually do not make it past the first big red candle. Little Pepe is clearly trying to be the former, and the presale capital flowing in suggests many people agree.
Bonk Is Still Solana’s Most Recognizable Dog BONK went up over 2,000% in its first week of trading. Best performing crypto of 2023 by return. That kind of start does not easily get forgotten. Half the supply was airdropped straight to Solana users, no insider allocation nonsense, and that fairness angle still means something to people who have been around long enough to know the difference.
It is trading around $0.000006 now, well off its all-time high of $0.00005825. But token burns are planned, and LetsBonk.fun buybacks are adding deflationary pressure over time. Some forecasts have it hitting $0.00001122 before year-end. Not the move that retires anyone, but real enough for people who got in at the right time. Bonk is not the loudest coin on this list. It just has the receipts to back up why it belongs here.
SPX6900 Is Doing Something Most Meme Coins Cannot SPX6900 brands itself as the S&P 500 of meme coins. SPX6900 is sitting roughly 84% below its peak. But the infrastructure is still there, and so is the community conviction. 7,390 wallets held at least $1,000 worth of SPX as of March 2026, and prominent holder Murad Mahmudov holds roughly 29.96 million SPX with no on-chain sales despite a $60 million unrealized loss. That kind of holder behavior is not common in meme coins.
SPX6900 price prediction suggests the coin could reach $1.15 by the end of 2026, with some more bullish forecasts pointing even higher. SPX6900 posted a 19% weekly gain in late April 2026, breaking out of its accumulation channel with rising social mentions across X. The meme coin crowd is paying attention again, and SPX has the brand, the tokenomics, and the holder base to do something with that attention when market conditions line up.
Final Word Little Pepe, Bonk, and SPX6900 each bring something different to this list. One is a presale on its last legs before launch, one is Solana’s original dog coin with deflation mechanics kicking in, and one is a culturally sharp Ethereum token sitting deep in a correction with serious holders refusing to fold. None of them requires blind faith. Check the Little Pepe presale now and join the Telegram community for daily updates before Stage 13 closes for good.
For more information about Little Pepe (LILPEPE) visit the links below:
Website:https://littlepepe.com Whitepaper:https://littlepepe.com/whitepaper.pdf Telegram:https://t.me/littlepepetoken Twitter/X:https://x.com/littlepepetoken $777k Giveaway:https://littlepepe.com/777k-giveaway/ Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
SPX6900, the memecoin that literally named itself after the S&P 500 index with a higher number, just landed on South Korea’s biggest digital asset exchange. Upbit opened deposits for SPX today at 14:00 KST, with trading available against Korean Won, Bitcoin, and Tether.
What is SPX6900 and why does anyone care SPX6900 launched in August 2023 on Ethereum with a straightforward, if slightly unhinged, thesis: it wants to “overturn” the S&P 500. The token’s entire brand identity is built around satirizing traditional finance, positioning itself as a meme-powered alternative to the most watched stock index on the planet.
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The token started as an ERC-20 on Ethereum but has since expanded to Solana and Base through the Wormhole bridging protocol.
SPX6900 has a total supply of 1 billion tokens, with approximately 930.99 million currently in circulation. Around 69 million tokens, roughly 6.9% of total supply, have been burned. The 6.9% burn figure is almost certainly intentional, given memecoin culture’s affection for that particular number.
At current trading prices between $0.33 and $0.35, SPX6900 carries a market cap in the $315M to $325M range. Twenty-four-hour trading volume sits between $6M and $7M.
The listing trail that led to Upbit This isn’t SPX6900’s first major exchange listing. Gate.io added the token back in October 2024, and Coinbase followed in September 2025. Each listing expanded the token’s accessibility and liquidity, and the Upbit addition follows that same playbook.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
South Korea’s largest crypto exchange, Upbit, announced trading support for SPX6900 (SPX) on June 16.
Summary
Upbit opened SPX trading across KRW, BTC, and USDT pairs, expanding access for Korean traders. Bithumb added SPX and SPACE to KRW markets, linking meme and DePIN tokens for users. SPX traded higher on crypto.news data, with volume rising as listings drew fresh attention. The exchange set SPX trading to start at 14:00 KST across KRW, BTC, and USDT markets. The listing gives SPX direct access to won-based trading and two major crypto pairs on one of the country’s main exchanges.
Bithumb also announced support for SPX6900 in the KRW market. The exchange set the SPX/KRW market to open at 17:00 KST, three hours after Upbit’s planned start. The two listings place SPX in front of Korean retail traders during the same trading day.
SPX6900 is a meme token based on a parody of the S&P 500. The project uses market culture and internet humor as its main identity. The listings do not change the token’s core use case, but they add new centralized exchange access in a major Asian crypto market.
Bithumb also adds Spacecoin Bithumb also listed Spacecoin (SPACE) in the KRW market. The exchange set SPACE trading to start at 14:00 KST, with deposits and withdrawals expected within two hours of the notice. Bithumb said it supports SPACE deposits on the Ethereum network only.
Spacecoin is a DePIN project focused on satellite-based global internet access. Bithumb described the project as building a decentralized connection layer for global data transfer. The project’s token, SPACE, is expected to support satellite services, staking, and partner-related payments.
Spacecoin (SPACE) traded near $0.0077 at press time, indicating 17% increase in the past 24 hours and almost 20% in the past 7 days, according to CoinGecko data.
The SPX and SPACE listings show that Bithumb added two different token categories on the same day. SPX sits in the meme coin sector, while SPACE sits in the decentralized physical infrastructure network sector. Both opened with KRW market access, which lets Korean traders trade them directly against the won.
Bithumb also set trading controls for the new markets. The exchange said buy orders would be blocked for the first five minutes after trading starts. It also said some sell orders and order types would face limits during the early trading window.
The exchange also warned users about risk. Bithumb said virtual assets are “high-risk products,” and users can lose all or part of their funds. It added that investors remain responsible for their own trading decisions.
SPX price rises after listing news Crypto.news price data showed SPX6900 trading at $0.377031 on June 16. The token rose 9.32% in 24 hours, while seven-day performance stood at 26.83%. Its 24-hour trading volume reached $27.69 million, with the price moving between $0.33316 and $0.39646 during the same period.
The token held a market capitalization of about $350.9 million and ranked #130 by market cap on the crypto.news price page. Its fully diluted valuation matched the same figure. The circulating supply stood at 930.99 million SPX, with a maximum supply of 1 billion tokens.
The latest daily chart showed a short-term recovery from a lower consolidation range. SPX has moved mostly sideways after a long decline from earlier highs. The current price remains well below its all-time high of $2.27, reached on July 28, 2025.
SPX was still down 74.8% over the past year, based on crypto.news data. The 30-day move stood at 1.59%, while the 200-day change was down 45.82%. These numbers show that the latest rebound came after a long pullback.
Momentum improves, but resistance remains The short-term chart showed SPX moving back toward the upper part of its recent trading range. The nearest resistance area sits around $0.40 to $0.45, where price had faced selling pressure in May. A clean move above that zone would show stronger short-term demand, while another rejection would keep the range in place.
The relative strength index stood at 60.81, above its moving average of 44.78. That reading shows stronger buying pressure in the short term. The indicator remained below the overbought zone, so the move had not reached an extreme level by that measure.
SPX6900 (SPX) price chart, source: TradingView The MACD also showed early improvement. The histogram was positive near 0.0082, while the MACD line stood above the signal line. Both lines remained close to the zero area, which shows that the rebound was still developing.
The Korean exchange listings added a new trading event for SPX6900 after a period of weak long-term performance. Traders will now watch whether Korean market access can support volume beyond the opening sessions. SPACE will also face its first KRW market test on Bithumb as users assess demand for the satellite-based DePIN project.
The listings also arrived during broader interest in Korean won trading pairs this week.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
SPX6900(SPX) meme coin surged more than 10%, trading above $0.380 at the time of writing on Tuesday. This rally came in as South Korea’s crypto exchanges Upbit and Bithumb announced on Tuesday the listing of the SPX token. In addition, rising Open Interest (OI), increasing trading volume, and a constructive technical outlook indicate growing trader participation, suggesting the rally could have further room to run.
South Korea’s crypto exchanges’ listings spark renewed buying pressureSouth Korea’s largest crypto exchange, Upbit and second-largest crypto exchange, Bithumb, announced on Tuesday that they will list SPX6900 with KRW and USDT trading pairs.
SPX6900 is a meme coin project with a vision that criticizes and aims to surpass the limitations of the traditional S&P 500 index, based on the logic that "6900 is greater than 500."
This news is bullish for the SPX memecoin, as an exchange listing enhances wider adoption, widens liquidity and boosts the project’s credibility. SPX surges more than 10% after this news, reaching a high of $0.040 on the day.
Growing trader participation lifts SPXCoinGlass data shows that the futures’ Open Interest (OI) at exchanges in SPX6900 reached $39.29 million on Tuesday, up from $20.65 million on Saturday. An increasing OI indicates new or additional money entering the market and new buying, which could fuel a rally in the SPX price.
SPX open interest chart. Source: CoinglassSantiment data shows that the SPX6900 ecosystem’s trading volume (the aggregate trading volume generated by all exchange applications on the chain) reached $89.3 million on Tuesday, the highest since early February 2025. This volume rise indicates a surge in traders’ interest and liquidity in SPX, boosting its bullish outlook.
SPX trading volume chart. Source: SantimentSPX6900 Price Forecast: Bulls targeting the $0.455 markSPX6900 trades above $0.380 on Tuesday, extending its gains over 15% so far this week. SPX is trading above the 50-day and 100-day Exponential Moving Averages (EMAs) near $0.345 and $0.362, respectively, which support a near-term bullish bias.
If SPX continues its upward move and closes above these key EMAs, it could extend the rally toward the 200-day EMA at $0.455.
The Relative Strength Index (RSI) on the daily chart reads 62, above the neutral level of 50, indicating bullish momentum gaining traction. Moreover, the Moving Average Convergence Divergence (MACD) showed a bullish crossover on June 11, which remains intact with rising green histogram bars further supporting the positive outlook.
SPX/USDT daily chartHowever, if SPX faces correction, it could extend the decline toward the daily support at $0.355.
When a major exchange lists a token that barely hides its meme origins, the market listens. Upbit, South Korea’s dominant cryptocurrency trading platform, has announced it will list SPX6900 (SPX) against the Korean won, Bitcoin, and Tether, with deposits already open and trading set to start at 14:00 KST on June 16. The token is issued on Ethereum, making it another entrant in the meme coin sector that continues to attract speculative capital. The announcement appeared in a notice highlighted by WuBlockchain.
SPX6900’s ticker and name are an obvious nod to the S&P 500 index, the “69” suffix being a staple of internet meme culture. While the project’s official literature may paint a picture of community governance and DeFi use cases, its primary driver appears to be the same as most meme tokens: viral narrative and retail momentum. That hasn’t stopped major exchanges from embracing such assets. Upbit itself has listed Dogecoin and Shiba Inu in the past, and the debut of SPX6900 on a fiat on‑ramp exchange could funnel fresh Korean won into the token.
Why an Upbit listing matters Korean exchanges operate in a regulatory environment that demands thorough vetting of listed assets. A listing on Upbit is often interpreted as a signal that the token has passed the exchange’s compliance checks, even if its underlying value proposition remains thin. For SPX6900, that vetting opens the door to one of the world’s most active retail crypto markets. Korean traders are known for their outsized influence on altcoin prices, sometimes creating the so‑called Kimchi premium when local demand outstrips global supply.
Korean crypto communities on platforms like Kakaotalk and Naver were already buzzing about the listing hours before trading opened, a pattern seen with previous meme coin additions. The availability of KRW, BTC, and USDT trading pairs ensures that SPX6900 will be accessible to both local won‑based traders and international users who prefer dollar‑pegged entry points. The BTC pair, in particular, allows crypto‑native traders to rotate profits from Bitcoin into a high‑beta altcoin without touching fiat. Meme tokens have repeatedly appeared among the top gainers in weekly rankings, drawing attention from traders chasing momentum rather than fundamentals.
Ethereum remains the meme coin settlement layer SPX6900 is an ERC‑20 token, meaning it settles on Ethereum. This is notable because meme coin activity has mostly moved to Solana and Base due to lower fees. Ethereum, however, still provides the deepest liquidity and the most robust security guarantees for projects that hope to land on institutional-facing venues like Upbit. The network continues to dominate blockchain developer activity charts, a sign that its ecosystem remains central to new token launches.
Deposits for SPX are open on the Ethereum network only, with no mention of any layer‑2 bridge. That decision, whether technical or logistical, concentrates initial liquidity on a single chain and avoids the fragmentation that often plagues multi‑chain meme tokens. It also imposes higher deposit costs for users, which could dampen some retail enthusiasm but may attract larger players comfortable with Ethereum gas fees.
Uncertainty after the listing pop New listings on large exchanges often produce a brief price spike as arbitrageurs and market makers establish positions. Whether SPX6900 can sustain any listing‑driven momentum is less clear. Meme tokens typically rely on social media cycles that fade quickly. Korean regulators have also been tightening oversight of exchanges, and sudden volatility in newly listed tokens could draw scrutiny. Upbit, for its part, has maintained a careful approach to listings but has not shied away from speculative assets that generate trading volume.
For traders, the immediate question is whether SPX’s debut will mimic the explosive, short‑lived rallies seen with other meme coin listings on Korean platforms. The three‑pair launch gives the token more avenues for order flow than a typical KRW‑only listing, but the underlying tokenomics and community traction remain unproven. The next few hours will show whether SPX6900 can convert meme momentum into real liquidity on one of Asia’s biggest crypto exchanges.
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Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
SPX6900 is up by over 12%, hovering at $0.38. SPX’s volume has skyrocketed by over 1167%. SPX6900 (SPX) was listed on South Korea’s Upbit and the second-largest exchange, Bithumb. It is currently trading at around $0.3853, after a surge of over 12.8%. If the current momentum sustains, the asset could likely break the higher crucial ranges.
Besides, the asset’s market cap is stationed at $356.08 million, and SPX’s daily trading volume has skyrocketed by over 1167%, reaching the $79.29 million mark. The lowest and highest trading levels were found between $0.3326 and $0.4018, respectively.
Zooming in on the 24-hour price chart, SPX6900’s bulls are in charge and have entered the bullish zone. The price is likely to move up toward the resistance range at $0.3924. A strong correction on the upside could trigger the emergence of the golden cross and take the price above $0.40.
On the downside, if the potent bears reappear, the SPX6900 price chart would turn red. The price might fall to the support zone at around $0.3763. Upon the bearish pressure moving deep down, the death cross could take place, and gradually send the asset’s price down to $0.36.
SPX6900’s Momentum: How Much Higher Can It Actually Go? The Moving Average Convergence Divergence (MACD) line is above the signal line, and both are above the zero line. This indicates that the SPX market is in a confirmed bullish trend. The buying momentum is currently stronger than the selling momentum.
In addition, SPX6900’s Chaikin Money Flow (CMF) indicator reading of 0.37 points to strong buying pressure and substantial capital inflows. Also, the buyers are actively accumulating, and there is strong demand and healthy market participation.
SPX’s daily Relative Strength Index (RSI) is positioned at 66.68, suggesting strong bullish momentum, with buyers maintaining control. As it is above the neutral level, there is sustained buying strength. Traders may watch if it moves into overbought territory.
Furthermore, the Bull Bear Power (BBP) reading of 0.0698 showcases a modest bullish advantage. The SPX6900 price is trading slightly above its average level. However, the value is relatively low, where the bullish pressure is not particularly strong.
Crypto Market Highlights
Stellar (XLM) Lights Up the Charts With a 16% Gain: Breakout or Bull Trap?
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In the past 24 hours, SPX6900 [SPX] has rallied by 16.3%.
According to CoinMarketCap data, its daily trading volume has increased by 1,061%, or just over tenfold. Open Interest was up by 109.44% in the same window.
This pointed toward a trading frenzy and heavy bullish sentiment. In recent hours, the two largest South Korean crypto exchanges, Upbit and Bithumb, announced the listing of the SPX token against KRW and USDT pairs.
The memecoin, by itself, has little utility, and its price moves are driven by the market sentiment and not the fundamentals. The token’s homepage calls it a “paradigm shift,” but this is a satirical take, as is the meme’s objective of flipping the S&P 500.
Understanding the SPX6900 token’s structural shift Since October 2025, Bitcoin [BTC] has been in a higher timeframe trend. Generally, memecoins tend to do well toward the end of a Bitcoin bull run, when capital rotation floods into increasingly speculative avenues, such as memes.
Source: SPX/USD on TradingView The recent bounce up to $0.40 broke the 20-day moving average, showing upward momentum. Moreover, the CMF was above +0.05 and the OBV was also slowly trending higher.
The volume and momentum indicators showed a sustained upward move was possible. However, the SPX swing structure on the 1-day chart was bearish.
A rally up to the $0.505-$0.582 Fibonacci retracement levels is possible, but the move might struggle to go any further.
Traders’ call to action – Take advantage of the short-term momentum Source: SPX/USD on TradingView On the 2-hour timeframe, a bullish swing structure break was seen when the memecoin rocketed past the previous swing high at $0.3609 (white). A new high at $0.4067 has since been established.
The CMF and OBV indicators continued to signal that buyers were in control in the short-term.
The higher timeframe showed potential for a relief rally up to $0.582. The lower timeframe momentum has also shifted bullishly.
So long as Bitcoin does not undergo a severe selloff, traders can wait for an SPX pullback toward $0.30-$0.32 to go long.
Final Summary The SPX6900 rally was partly spurred by listings on major South Korean crypto exchanges. The higher timeframe trend remains bearish for the memecoin, but a sizeable short-term rally is possible.
PANews reported on June 17th that, according to SoSoValue data, the crypto market saw mixed performance across sectors, with the DeFi sector performing exceptionally well, rising 7.29% in the last 24 hours. Among them, LAB (LAB) rose 37.97%, Block Street (BSB) and Uniswap (UNI) rose 31.18% and 10.72% respectively, and Hyperliquid (HYPE) rose 10.38%, briefly breaking through $76 during the session, setting a new all-time high.
Other sectors that performed well include: AI (up 4.42% in 24 hours, Worldcoin (WLD) up 19.58%); RWA (up 2.16%, Centrifuge (CFG) up 11.21%); and Meme (up 1.26%, SPX6900 (SPX) up 16.72%).
In other sectors, the Layer 2 sector fell 0.13%, but Celestia (TIA) rose 9.74%; the Layer 1 sector fell 0.18%, while Cosmos Hub (ATOM) remained relatively strong, rising 3.43%; the PayFi sector fell 0.64%, while Stellar (XLM) bucked the trend, rising 4.88%; the CeFi sector fell 1.43%, while Aster (ASTER) surged 2.80% intraday; the NFT sector fell for the third consecutive day, with a 24-hour drop of 20.83%, and within the sector, Audiera (BEAT) fell 44.03%.
Crypto investors often face a choice between momentum and utility. One project may be attracting traders through strong price action, while another may be building products designed for long-term ecosystem growth.
That comparison is becoming increasingly relevant when looking at SPX6900 (SPX) and MemeToro ($MT).
SPX6900 has become one of the most talked-about meme assets of June 2026 thanks to strong exchange-driven momentum. MemeToro, meanwhile, is gaining attention through its AI-powered SocialFi ecosystem. Both projects continue attracting capital, but they appeal to very different types of investors.
SPX6900 Is Winning the Momentum Battle SPX6900 has enjoyed one of the strongest meme-driven rallies of recent weeks.
The project received a major boost after securing listings on Korean exchanges Upbit and Bithumb. The additional liquidity and visibility helped trigger a substantial increase in trading activity across the market.
Volume surged dramatically.
Trading activity spiked by as much as 795%, helping push SPX back onto trader watchlists. This renewed attention has supported bullish sentiment despite broader uncertainty across crypto markets.
The technical focus now centers around resistance.
SPX continues battling the important $0.34 area as traders attempt to convert that level into a stronger support zone.
For momentum investors, this remains one of the most important levels to watch.
Why Traders Continue Targeting Higher Levels The excitement surrounding SPX6900 is largely tied to momentum.
Unlike many legacy meme assets that continue losing market share, SPX has benefited from a fresh narrative and increased exchange accessibility. This combination has allowed the token to capture liquidity rotating out of slower-moving projects.
Several bullish scenarios remain active.
Some market participants continue targeting levels significantly above current prices if trading activity remains elevated and additional catalysts emerge.
However, the investment case still depends heavily on sentiment.
Like most meme-driven assets, SPX relies on community engagement, attention, and continued market participation.
That creates both opportunity and risk.
MemeToro Is Building Around Utility MemeToro approaches the market from a completely different angle.
Instead of relying primarily on trading momentum, the project is building a SocialFi ecosystem centered around artificial intelligence and active participation.
At the center of the platform sits the MemeToro AI Agent.
The system continuously scans social media conversations, cultural moments, market narratives, and global news developments to identify emerging opportunities before they become widely recognized.
This creates a functional intelligence layer rather than a purely speculative narrative. The goal is to help users engage with trends rather than simply react to them.
The MemeToro Ecosystem Explained The platform extends far beyond trend monitoring.
Users can create and launch memecoins through an automated no-code deployment process. Every bonded memecoin automatically lists on PancakeSwap and is supported by BNB liquidity infrastructure.
The native $MT token powers all ecosystem activity.
Participants gain access to a centralized crypto news portal, staking opportunities offering up to 35% APR, and peer-to-peer prediction markets where rewards can be earned in both $MT and BNB.
The ecosystem is designed around participation. Users can discover trends, launch tokens, earn rewards, and engage with prediction markets from within a single platform.
This broader utility framework distinguishes MemeToro from traditional meme-focused projects.
Momentum Versus Utility The comparison between SPX6900 and MemeToro ultimately comes down to investment style.
SPX6900 offers exposure to a high-momentum meme narrative supported by strong exchange activity and growing retail participation. Its performance depends heavily on sentiment, liquidity, and community engagement.
MemeToro offers exposure to a growing AI ecosystem.
Its value proposition centers around autonomous trend discovery, memecoin creation, staking, prediction markets, and SocialFi participation.
Both approaches have attracted attention throughout June. The difference lies in whether investors prefer short-term momentum or ecosystem-driven utility.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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World Liberty Financial (WLFI), the DeFi project of US President Donald Trump and his family, which recently made headlines due to tensions with Tron (TRX) founder Justin Sun, is making new moves.
Accordingly, WLFI is very close to receiving approval to establish a bank in the United States.
According to NOTUS, WLFI is expected to soon receive approval to operate as a national trust bank amid concerns about potential conflicts of interest with the U.S. president.
According to the report, the U.S. Office of the Comptroller of the Currency (OCC) will soon announce its final decision on the bank license application. Two former OCC employees, who spoke to NOTUS on condition of anonymity, see approval as almost certain.
If the license is approved, WLFI will have a significant advantage in directly issuing its own stablecoin, USD1. At this point, the federal trust bank establishment permit will allow World Liberty to issue and repurchase bonds worth $1.
The company will also be able to manage reserves, provide cryptocurrency custody services, and offer payment and clearing services, all under a single federal regulatory framework.
Although approval was considered a certainty, World Liberty Financial’s application for a bank license was met with objections from senators and banking groups. Democratic Senator Elizabeth Warren asked the OCC to delay its review of the application due to conflicts of interest and national security concerns.
In this context, experts predict that OCC approval will further escalate political backlash against US President Donald Trump regarding potential conflicts of interest.
As you may recall, World Liberty Financial applied to the OCC earlier this year for a national trust bank license. This application followed the OCC’s conditional approval of several crypto companies, including Circle, Ripple, and BitGo.
*This is not investment advice.
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A senior White House crypto advisor is trying to cut a deal in the CLARITY Act as Congress works on an ethics provision. If it remains intact, this clause could have a direct effect on President Donald Trump’s crypto business operations worth billions of dollars.
Patrick Witt Takes Center Stage In Negotiating CLARITY Act Ethics Provision White House’s top crypto policy official, Patrick Witt, has become a major player in negotiations about the CLARITY Act. For context, it is a comprehensive digital asset market structure bill that would create more defined rules for the crypto business.
The legislation has the support of a lot of Republicans, but Senate Democrats want to have restrictions via an ethics clause. It would essentially prevent federal officials, including members of Congress and the President, from creating, endorsing or sponsoring crypto assets.
The urgency ahead of the July 4 deadline has made him a seemingly unlikely dealmaker. He now has two targets to achieve. It includes finding Democratic votes for the bill while also steering clear of the language that could pose a danger to Trump and the crypto business of his family.
The Trump family has been making a major move into the digital asset industry with ventures such as World Liberty Financial. Moreover, the President’s TRUMP meme coin had also gained traction recently.
However, criticism of those ventures has continued. Still, the White House is now openly supporting Witt and its crypto agenda.
White House spokesperson Kush Desai said, “Cementing America’s innovative dominance is a key priority for President Trump, and the Administration has assembled some of the best and brightest minds to help with this effort.”
Desai added, “That includes Patrick Witt, who has been an immense asset for the White House on the Clarity Act, which continues to be held up by Democrats who are more interested in playing political games than supporting American technology.”
What Do Senators Have To Say? Still, some lawmakers remain unconvinced that Witt has the authority to strike a final agreement.
“I don’t think he has any authority to make a deal,” Senator John Kennedy said. He added, “I think the only person who can make that deal is President Trump.”
Democrats involved in the talks are also proceeding cautiously, per POLITICO report.
“There’s still a big question about whether, even if we got to agreement with Patrick Witt — and we’re still some distance from that — whether that could simply be shot down by the White House,” Senator Adam Schiff said.
Meanwhile, Senator Mike Rounds acknowledged the challenge facing the administration’s negotiator.
“Any time you’re talking about the Democrats negotiating with the president, whoever the negotiator is — they’ve got their work cut out for them,” Rounds noted.
Meanwhile, Senator Cynthia Lummis described Witt as a crucial link between Capitol Hill and the White House. Also, with Witt staying optimistic on a July 4 approval for the CLARITY Act, his last-minute efforts suggest growing urgency.
She said Witt “stays in constant contact with senior staff at the White House, explaining to them what the sideboards are of the discussions.”
“Of course he will not have the absolute final say on final language. That’s going to have to go directly to the president,” Lummis added. She further stated, “But to the extent that someone has, within a defined space, room to negotiate, is what gives him the opportunity to explore the way to thread the needle.”
A group of US Senate Democrats is urging Senate Republican leaders to hold hearings into a reported $500 million deal between the Trump family’s crypto firm and Abu Dhabi royalty.
In a letter on Tuesday, the Democrats told Republicans, who control the Senate, lead its committees and decide on hearings, that they should “immediately hold hearings” into the deal and have Trump administration officials testify about it under oath.
The Wall Street Journal reported in January that an Abu Dhabi investment company backed by Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser, signed a deal in January 2025 to buy a 49% stake in World Liberty Financial, the crypto platform tied to US President Donald Trump.
Months later, in May 2025, the Trump administration made a major arms and artificial intelligence chip deal with the UAE, which the Democratic senators said came “despite concerns raised by US national security officials that China could access the chips.” Trump has said he wasn’t aware of the World Liberty deal.
The letter is the Democrats' latest bid to probe World Liberty Financial’s dealings and its possible ties to decisions the president has made. Both Trump critics and supporters have criticized the perceived conflict of interest posed by the Trump family’s sprawling crypto interests amid Trump’s push to deregulate the sector.
Donald Trump (right) meeting with Tahnoon bin Zayed Al Nahyan (centre) at the White House in March 2025. Source: The White House
“We are deeply concerned about this series of events, which raise questions about what more the UAE may receive — or may have already received — at the expense of US national security after investing in the Trump family crypto company,” the Democrats wrote.
“Congress has a responsibility to investigate the details of the reported investment and whether it influenced subsequent actions by President Trump and the Trump Administration,” they added.
The senators said that they’re also concerned about the Trump administration’s “steps to weaken enforcement” by exempting crypto service providers from financial services regulations and disbanding the Justice Department’s crypto enforcement team.
Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin and Ron Wyden signed the letter.
Warren has called for an investigation into the UAE deal before, urging Treasury Secretary Scott Bessent in February to determine if the deal should be subject to a Committee on Foreign Investment probe.
Earlier this year, Democrats pressed Securities and Exchange Commission Chair Paul Atkins over the decision to drop a fraud case against Justin Sun, a major World Liberty Financial backer.
In May, Democratic Senator Peter Welch and Representative Dave Min launched a probe into Trump’s pardons, including that of Binance co-founder Changpeng Zhao.
The pardon came after Binance accepted a $2 billion investment from an Abu Dhabi fund in early 2025 and agreed for the funds to be paid in World Liberty Financial’s stablecoin, USD1.
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Five senior Senate Democrats sent a formal letter to Republican committee chairs demanding immediate hearings into a $500 million deal in which Abu Dhabi royalty acquired a stake in World Liberty Financial before Trump's inauguration, and into the arms sales and AI chip approvals that followed.
Five senior Senate Democrats sent a formal letter to Republican committee chairs Tuesday demanding immediate hearings into a reported $500 million transaction in which Abu Dhabi royalty acquired a stake in World Liberty Financial, the crypto firm tied to President Donald Trump, and into the federal policy decisions that followed.
The letter states that lieutenants to Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser, secretly purchased a 49% stake in World Liberty Financial four days before Trump's January 2025 inauguration, with $218 million paid upfront to entities tied to the families of the president and Middle East envoy Steve Witkoff. The senators call the arrangement "unprecedented in American politics: a foreign government official taking a major ownership stake in an incoming U.S. president's company."
What the Senators Are AskingSenators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden told Republican committee chairs to "immediately hold hearings" and compel Trump administration officials to testify under oath about what they knew and when.
The lawmakers listed the events they say need scrutiny. Within months of the WLFI stake purchase, the Trump administration approved $1.4 billion in arms sales to the UAE, authorized the sale of 35,000 advanced AI chips to UAE firm G42 despite national security objections, and disbanded the Justice Department's National Cryptocurrency Enforcement Team. UAE-backed MGX also acquired a stake in TikTok, despite Trump's stated preference for American ownership.
"We are deeply concerned about this series of events, which raise questions about what more the UAE may receive, or may have already received, at the expense of US national security after investing in the Trump family crypto company," the senators wrote.
"Trump Administration officials must explain under oath what they knew and when about payments to the families of the President and his lead diplomat for the region," they added.
Escalating Congressional ScrutinyTuesday's letter extends a pattern of Democratic pressure targeting World Liberty Financial's foreign entanglements. Warren urged Treasury Secretary Scott Bessent in February to determine whether the Abu Dhabi stake qualified for a Committee on Foreign Investment in the United States review. Earlier this year, a separate Democratic group pressed Securities and Exchange Commission Chair Paul Atkins over the agency's decision to drop a fraud case against Justin Sun, a major World Liberty Financial backer.
The senate inquiry also follows the Binance thread. In early 2025, UAE-backed MGX invested $2 billion in Binance, with the funds to be paid in World Liberty Financial's USD1 stablecoin. Democratic Senators Peter Welch and Representative Dave Min subsequently launched a probe into Trump's pardon of Binance co-founder Changpeng Zhao.
The Abu Dhabi stake in World Liberty Financial was first reported by the Wall Street Journal in early 2026. Trump has said he was not aware of the deal at the time it was signed.
Republicans Hold the GavelWhether hearings happen rests with the Republican chairs addressed in the letter. Republicans control the Senate and its committee agendas, so the Democrats' request is not a scheduling order. The senators addressed chairs of the Banking, Homeland Security, Judiciary, and Finance committees.
The Democrats framed their demand in terms of Congress's oversight function. "Congress has a responsibility to investigate the details of the reported investment and whether it influenced subsequent actions by President Trump and the Trump Administration," they wrote.
World Liberty Financial's USD1, the stablecoin at the center of several Abu Dhabi transactions, reached $4.85 billion in circulating supply as of June 22 after a 9.7% weekly expansion, a rapid climb that is now drawing parallel scrutiny from the senators pressing for hearings.
A group of Democratic senators has called for an urgent Senate hearing regarding a reported $500 million deal between World Liberty Financial, a crypto platform linked to the Trump family, and investment groups based in Abu Dhabi. In a letter sent to Republican leaders who oversee Senate committees, the senators insisted that former Trump administration officials testify under oath about the arrangement.
Scope and timing of the controversial dealAccording to news published by the Wall Street Journal in January, an Abu Dhabi-based investment firm backed by Sheikh Tahnoon bin Zayed Al Nahyan, national security adviser of the United Arab Emirates, agreed in January 2025 to purchase a 49% stake in World Liberty Financial. The platform has gained attention for its close ties to former U.S. President Donald Trump.
Background note: World Liberty Financial is frequently described as a crypto initiative associated with the Trump family. A stablecoin, meanwhile, is a type of digital asset designed to track the value of traditional currencies like the U.S. dollar.
The Democratic senators pointed out that months after this crypto agreement, the Trump administration signed a major weapons and artificial intelligence chip deal with the United Arab Emirates. The lawmakers stressed in their letter that this move was made despite American national security officials expressing concern that these chips could reach China. Trump, for his part, previously denied any knowledge of the World Liberty deal.
The senators emphasized Congress’s responsibility to investigate the reported investment and whether it influenced President Trump or subsequent decisions by his administration.
Democrats raise national security alarmsIn their letter, the senators questioned what additional advantages the United Arab Emirates might have gained after investing in the Trump family’s crypto company, potentially at the expense of U.S. national security. The letter is the latest attempt to scrutinize possible ties between World Liberty Financial’s operations and presidential decision-making.
As Trump continues to advocate for more relaxed crypto regulation, both supporters and critics have voiced concerns that the Trump family’s expanding interests in crypto create the appearance of serious conflicts of interest. Democrats also highlighted their unease over moves by the administration to exempt crypto service providers from certain financial rules, as well as the Justice Department’s disbanding of its crypto enforcement team.
Follow-up actions and new formal requestsElizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden all signed the letter. Earlier, Warren had urged Treasury Secretary Scott Bessent to ensure the Committee on Foreign Investment reviews the Emirates-linked deal. Scott Bessent currently serves as the U.S. Treasury Secretary.
This year, Democrats have also pressed SEC Chairman Paul Atkins over the dismissal of a fraud case against World Liberty Financial backer Justin Sun. In May, Senator Peter Welch and Representative Dave Min initiated a congressional review of Trump’s use of pardons, including a case involving Binance co-founder Changpeng Zhao.
Notably, that pardon was issued after Binance accepted a $2 billion investment from an Abu Dhabi-based fund in early 2025. Reports indicate that the payment was arranged using World Liberty Financial’s USD1 stablecoin. This detail has become central to Democratic arguments about a wider web of overlapping interests detailed in the senators’ letter.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A group of Senate Democrats, including Elizabeth Warren, Chris Murphy, Andy Kim, and Jeff Merkley, are pressing Republican leadership to hold formal hearings into a reported $500 million deal between Trump-linked crypto platform World Liberty Financial and investors tied to Abu Dhabi royalty.
The Deal at the Center of the Dispute The Wall Street Journal reported that an Abu Dhabi investment vehicle backed by Sheikh Tahnoon bin Zayed Al Nahyan secretly acquired a 49% stake in World Liberty Financial, the DeFi and stablecoin project that lists President Trump and his three sons as advisors, in an agreement signed by Eric Trump four days before his father's January 2025 presidential inauguration. Half of that $500 million stake was paid upfront, with $187 million going to Trump family-controlled entities and at least $31 million going to entities affiliated with the family of Steve Witkoff, the real estate mogul who co-founded World Liberty and was later named U.S. Special Envoy to the Middle East.
Witkoff's son Zach is the current CEO of World Liberty. Ethics experts said the concept of a foreign government official secretly directing hundreds of millions of dollars to a company owned in part by the president has no known precedent and raises a host of ethical and national security concerns.
Lawmakers Push for Testimony Under Oath In a letter, the Democratic senators pressed Republican leadership to immediately hold hearings on President Donald Trump's purported ties to Abu Dhabi via his crypto company World Liberty Financial. Republicans currently control both the House and Senate, giving them sole authority to decide whether such hearings will take place.
The senators noted that within months of the deal, the Trump administration approved $1.4 billion in arms sales to the UAE, authorized the sale of 35,000 advanced AI chips to the UAE's G42 firm despite national security concerns, and took steps to loosen cryptocurrency regulations, including disbanding the Justice Department's National Cryptocurrency Enforcement Team.
"Trump Administration officials must explain under oath what they knew and when about payments to the families of the President and his lead diplomat for the region," the lawmakers concluded.
Trump has said he was not aware of the $500 million investment and that he is not directly involved in World Liberty Financial's day-to-day operations. A spokesperson for World Liberty Financial insisted that "neither President Trump nor Steve Witkoff had any involvement whatsoever in this transaction" and that "any claim that this deal had anything to do with the Administration's actions on chips is 100% false."
Trump and his family have reportedly earned more than $1 billion from crypto-related ventures, including World Liberty Financial, which is also seeking a federal banking charter. Several Democratic lawmakers have said they will not support the bill unless it includes ethics provisions to address potential conflicts of interest.
Sources:
U.S. Senate Banking Committee: Senate Democratic Leaders Call for Hearings on Foreign Crypto Deals
The Block: Senate Democrats Urge Republicans to Hold Hearings on Trump Family Crypto Ties
CoinTelegraph: Democrats Urge Probe Into Trump Crypto Dealings With UAE
Democratic senators have called on Senate Republicans to open hearings into a reported $500 million investment in World Liberty Financial by an Abu Dhabi-backed entity and examine whether the transaction influenced decisions made by the Trump administration.
Summary
Senate Democrats have urged Republican leaders to hold hearings into a reported $500 million UAE linked investment in World Liberty Financial and require Trump administration officials to testify. Lawmakers questioned whether the investment influenced later U.S. policy decisions involving arms sales and AI chip access for the United Arab Emirates. The latest request adds to months of scrutiny over World Liberty Financial, including probes into foreign ownership, regulatory filings, and the company’s federal bank charter application. A letter sent Tuesday by Democratic senators urged Republican leaders, who control Senate committees and hearing schedules, to immediately convene hearings and require Trump administration officials to testify under oath about the investment and its aftermath.
The lawmakers cited reporting by The Wall Street Journal that Aryam Investment 1, an Abu Dhabi-based company backed by Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser, acquired a 49% stake in World Liberty Financial through an agreement signed in January 2025.
The senators wrote that they were concerned by events that followed the investment, including a May 2025 agreement under which the Trump administration approved major arms sales and access to advanced artificial intelligence chips for the UAE.
The letter noted that some U.S. national security officials had previously expressed concerns that China could gain access to the technology.
“We are deeply concerned about this series of events, which raise questions about what more the UAE may receive — or may have already received — at the expense of U.S. national security after investing in the Trump family crypto company,” the lawmakers wrote.
They added that Congress has a responsibility to determine whether the investment affected decisions taken by President Donald Trump or his administration.
Long-running scrutiny of World Liberty Financial The latest request builds on months of congressional scrutiny surrounding World Liberty Financial, a crypto venture launched with support from Trump and members of his family before the 2024 election.
In February, Senators Elizabeth Warren and Andy Kim asked Treasury Secretary Scott Bessent to determine whether the reported UAE investment should undergo review by the Committee on Foreign Investment in the United States. Their letter questioned whether federal authorities had been notified of the transaction and whether the deal received a formal national security assessment.
Warren later challenged Comptroller of the Currency Jonathan Gould during a Senate Banking Committee hearing over a reported application by World Liberty for a federal bank charter. She asked whether the company had disclosed the foreign investor’s stake in filings submitted to regulators. Gould declined to discuss the contents of any pending application and said the Office of the Comptroller of the Currency would follow established procedures.
The dispute continued in June after NOTUS reported that World Liberty’s application for a federal trust bank charter was expected to receive approval. Former OCC officials told the outlet that approval appeared likely. If granted, the charter would allow the company to issue and redeem its USD1 stablecoin, manage reserves, provide digital asset custody, and operate under a single federal regulator.
Public disclosures in later reporting showed that 75% of proceeds from WLFI token sales are directed to DT Marks DEFI LLC, an entity controlled by Trump. Reuters also reported in June that the Trump family had earned more than $2.3 billion from four crypto ventures since the start of Trump’s second term, with World Liberty generating the largest share.
Additional concerns over crypto oversight The senators’ latest letter also criticized actions taken by the administration toward crypto enforcement and regulation.
The lawmakers said they were concerned by efforts to exempt certain crypto service providers from financial regulations and by the Justice Department’s decision to dismantle its cryptocurrency enforcement team.
Congressional Democrats have also questioned other World Liberty-related developments this year. Earlier in 2026, lawmakers pressed Securities and Exchange Commission Chair Paul Atkins about the agency’s decision to drop a fraud case against Justin Sun, a major backer of World Liberty Financial.
In May, Senator Peter Welch and Representative Dave Min opened an inquiry into several presidential pardons, including one granted to Binance co-founder Changpeng Zhao. The inquiry followed a $2 billion investment in Binance from an Abu Dhabi fund and an agreement to receive the funds through World Liberty’s USD1 stablecoin.
Trump has repeatedly denied involvement in World Liberty’s day-to-day operations. Speaking to reporters in February, he said he was unaware of the reported UAE investment and stated that his sons manage the business. The White House has also rejected allegations of conflicts of interest, stating that Trump’s assets are held in a trust administered by his children and that administration decisions are made independently of family business activities.
The letter was signed by Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden.
President Donald Trump (Jesse Hamilton/CoinDesk)Summary
Senate Democrats are demanding immediate hearings into a $500 million investment by UAE officials in Donald Trump’s family crypto venture, World Liberty Financial, and whether it influenced subsequent U.S. policy toward the Gulf state.The senators say the deal, which gave UAE-linked investors a 49% stake and included $218 million in upfront payments to entities tied to the Trump family and a top Middle East diplomat, represents an unprecedented foreign government influence. Citing a series of Trump administration decisions that benefited the UAE, the lawmakers are seeking sworn testimony on potential conflicts of interest and foreign influence.Senate Democrats called for immediate hearings into UAE officials' huge investments in President Donald Trump's family crypto venture, World Liberty Financial, and subsequent decisions by the Trump administration that seemingly favored the Gulf country, in a letter dated June 23.
Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Richard Durbin, and Ron Wyden requested that multiple Senate committees hold hearings on a deal in which lieutenants to an Abu Dhabi royal signed a deal with the Trump family to purchase a 49% stake in World Liberty Financial for half a billion dollars.
The deal closed four days before President Trump's inauguration last year, the letter said, adding that as part of the agreement, foreign buyers reportedly paid $218 million upfront to entities tied to the Trump family and Steve Witkoff, President Trump's lead diplomat for the Middle East and Russia.
The arrangement was reportedly backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's National Security Advisor. This "marked something unprecedented in American politics: a foreign government official taking a major ownership stake in an incoming U.S. president's company," according to the letter.
CoinDesk reached out to both WLFI and the UAE government for a comment on the matter.
The investment bolsters concerns about foreign influence, originally stemming from a major investment by MGX, a UAE state-backed investment company, that boosted the market capitalization of the Trump family's stablecoin by almost $2 billion overnight.
Here's where it gets interesting. Within months of the deal, the Trump Administration took policy decisions that benefited the UAE, according to the letter. In May 2025, it approved a $1.4 billion arms sale to the country, despite congressional concerns about weapons flowing to armed groups in Sudan where more than 150,000 people have died.
In the same month, Treasury created a "Known Investor Pilot" program to streamline investment approvals through CFIUS, a fast-track process that the UAE had lobbied for.
The Department of Commerce also rescinded Biden-era chip export restrictions, allowing the UAE to receive up to triple or quadruple the number of advanced chips it previously could have imported. It authorized G42, a UAE AI company chaired by Sheikh Tahnoon bin Zayed Al Nahyan, to receive 35,000 Nvidia Blackwell chips. The deal was worth over a billion dollars.
But U.S. intelligence officials reportedly caught G42 providing U.S. technology that was used to enhance China's missile capabilities. Though G42 allegedly committed to divesting its Chinese holdings, reports suggest the firm attempted to obfuscate its ties to Beijing by moving its business holdings in China to a new investment firm.
The senators demanded that Trump Administration officials "explain under oath what they knew and when about payments to the families of the President and his lead diplomat for the region."
"They must also explain how they will restore faith that the Administration is representing the best interests of the American people rather than the personal interests of the President and his close associates. We therefore ask that you immediately hold hearings on these urgent matters," the letter said.
Key Points Democratic senators have formally requested Republican leadership to initiate hearings regarding a reported $500 million transaction involving Trump’s cryptocurrency company and Abu Dhabi investors Before President Trump took office, an investment entity from Abu Dhabi, supported by Sheikh Tahnoon bin Zayed Al Nahyan, secured a 49% ownership position in World Liberty Financial Following this investment, the Trump administration approved UAE access to numerous AI chips, overriding national security objections President Trump maintains he had no knowledge of the investment and does not participate in World Liberty’s operations The scandal is now jeopardizing passage of significant cryptocurrency regulation legislation in Congress At the heart of the dispute is World Liberty Financial, a decentralized finance and stablecoin operation that names President Trump alongside his three sons in advisory capacities.
JUST IN: Senate Democrats are calling for an investigation into the Trump family's reported $500 million crypto deal involving Abu Dhabi royalty. pic.twitter.com/FSisZC4ZyT
— The Crypto Times (@CryptoTimes_io) June 24, 2026
According to reporting by The Wall Street Journal, an investment entity from Abu Dhabi with backing from Sheikh Tahnoon bin Zayed Al Nahyan—who serves as the UAE’s national security adviser—discreetly obtained a 49% ownership stake in the venture. Eric Trump signed the agreement merely four days prior to his father assuming the presidency in January 2025.
The investment package totaled $500 million. Half of this amount was disbursed immediately, with $187 million directed to entities under Trump family control and no less than $31 million flowing to entities associated with the Witkoff family. Steve Witkoff, who co-established World Liberty, subsequently received an appointment as US Special Envoy to the Middle East.
Lawmakers Demand Investigation This Tuesday, several Democratic senators submitted an official letter to the Republican Senate leadership requesting “immediate hearings” regarding the transaction. Senators Elizabeth Warren, Gary Peters, Ron Wyden, Richard Durbin, and Richard Blumenthal affixed their signatures to the document.
The senators argued that Congress bears an obligation to examine whether the UAE’s financial commitment swayed policy choices made by the Trump administration. With Republicans maintaining control of both the Senate and its committees, they possess sole authority over whether such hearings proceed.
Security Implications Raised The Democratic lawmakers highlighted concerns regarding an arrangement finalized months following the Sheikh’s investment. The Trump administration unveiled a framework granting the UAE access to thousands of AI chips, disregarding cautions from US national security officials about potential Chinese access to this technology.
President Trump has stated he possessed no awareness of the $500 million transaction and maintains no involvement in World Liberty’s operational matters.
The senators additionally pointed to actions undertaken by the administration to relax requirements for cryptocurrency companies, including exempting crypto service providers from specific financial regulations and dissolving the Justice Department’s cryptocurrency enforcement division.
Earlier this year, Senator Warren called upon Treasury Secretary Scott Bessent to evaluate whether the Abu Dhabi investment necessitated a national security assessment. Democratic Representative Ro Khanna initiated a separate House inquiry into the transaction.
Democrats have also previously questioned the SEC’s choice to abandon a fraud investigation against Justin Sun, a significant World Liberty Financial supporter.
In May, Senator Peter Welch and Representative Dave Min initiated an examination into presidential pardons, including one issued to Binance co-founder Changpeng Zhao. This pardon followed Binance’s acceptance of a $2 billion investment from an Abu Dhabi fund, with payment arrangements stipulating use of World Liberty Financial’s stablecoin, USD1.
Reports indicate the Trump family has generated over $1 billion from cryptocurrency-related enterprises. World Liberty Financial is additionally pursuing a federal banking charter.
The controversy has now created uncertainty around the Clarity Act, a proposed federal cryptocurrency regulation framework. Multiple Democratic legislators have indicated they will withhold support unless ethics clauses are incorporated to address potential conflicts of interest connected to Trump’s cryptocurrency investments.
TLDR: Five Senate Democrats are demanding immediate hearings into World Liberty Financial’s $500M UAE investment deal. Abu Dhabi investors reportedly acquired a 49% stake in the Trump-linked crypto firm before inauguration day. The Trump administration approved arms sales and AI chip deals with the UAE months after the reported investment. Democrats also flagged the DOJ’s disbanding of its crypto enforcement team amid broader regulatory rollbacks. Senate Democrats are pressing Republican leaders to hold hearings into World Liberty Financial, the crypto platform tied to President Donald Trump. A letter signed by five senior Democratic senators calls for Trump administration officials to testify under oath.
The request centers on a reported $500 million deal between the Trump-linked firm and Abu Dhabi investors, and whether that arrangement shaped subsequent US policy decisions favoring the UAE.
The Reported Deal and Its Political Context Four days before Trump’s inauguration, lieutenants to an Abu Dhabi royal reportedly purchased a 49% stake in World Liberty Financial.
The deal was valued at approximately $500 million, with $218 million paid upfront to entities tied to the Trump and Witkoff families. Steve Witkoff serves as Trump’s Middle East envoy, making his family’s involvement a point of contention.
Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden signed the letter. They addressed it to Republican chairs of their respective Senate committees, urging immediate action. Republicans control the Senate and its committees, so they hold the authority to approve or reject hearings.
The lawmakers described the arrangement as “something unprecedented in American politics,” noting that a foreign government official taking a major ownership stake in an incoming US president’s company had no prior parallel.
The letter stated that “Congress has a responsibility to investigate the details of the reported investment and whether it influenced subsequent actions by President Trump and the Trump Administration.”
Trump has publicly stated he was unaware of the World Liberty Financial deal. Democrats, however, argue that congressional oversight cannot rest on that claim alone and that sworn testimony is required.
The senators called on Trump administration officials to “explain under oath what they knew and when about payments to the families of the President and his lead diplomat for the region.”
Policy Decisions Under Scrutiny Within months of the reported investment, the Trump administration approved $1.4 billion in arms sales to the UAE.
It also authorized the sale of 35,000 advanced AI chips to the UAE’s G42 firm, despite concerns raised by national security officials about potential Chinese access.
Democrats argue those decisions followed the financial arrangement in a troubling sequence. The senators wrote that they were “deeply concerned about this series of events, which raise questions about what more the UAE may receive — or may have already received — at the expense of US national security after investing in the Trump family crypto company.”
The letter also points to crypto regulatory rollbacks that occurred during the same period. The Justice Department disbanded its National Cryptocurrency Enforcement Team, and crypto service providers received exemptions from certain financial regulations.
Senators argued officials must “explain how they will restore faith that the Administration is representing the best interests of the American people.”
Additional scrutiny has emerged over a UAE-backed fund’s $2 billion investment in Binance, paid partly through World Liberty Financial’s stablecoin, USD1.
That deal coincided with a presidential pardon granted to Binance co-founder Changpeng Zhao, which Democratic Senator Peter Welch and Representative Dave Min launched a separate probe into in May.
President Donald Trump’s crypto business is facing scrutiny in Washington after Senate Democrats demanded hearings into a reported $500 million investment from Abu Dhabi-linked entities into World Liberty Financial.
Lawmakers say the deal raises serious questions about foreign influence, national security, and whether subsequent U.S. policy decisions benefited the UAE.
Senators Want Trump Officials to Testify Under OathIn a June 23 letter, five Democratic senators, Elizabeth Warren, Richard Blumenthal, Gary Peters, Richard Durbin, and Ron Wyden, urged Republican leaders to immediately hold hearings into World Liberty Financial (WLF), the crypto venture that lists Trump and his sons as advisers.
The lawmakers are focusing on a reported deal in which an Abu Dhabi investment vehicle backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser, acquired a 49% stake in World Liberty Financial for $500 million.
According to reports cited by the senators, the agreement was signed by Eric Trump just four days before Trump’s January 2025 inauguration.
Roughly $218 million was reportedly paid upfront to entities linked to the Trump family and Steve Witkoff, Trump’s current Middle East envoy.
The senators called the arrangement unprecedented, stating that it involved a senior foreign government official taking a major ownership stake in a company connected to an incoming U.S. president.
Therefore, senators want administration officials to explain what they knew about the investment, when they knew it, and whether any government decisions were influenced by payments connected to the Trump family or Steve Witkoff.
The lawmakers specifically called for officials to testify under oath.
Did the Trump Administration’s Decisions Favour the UAEThe controversy is not only about the investment itself. Democrats argue that several Trump administration decisions later appeared to benefit the UAE.
Among them was a $1.4 billion arms sale, a fast-track foreign investment approval program, and the removal of certain AI chip export restrictions.
One decision reportedly allowed UAE-based AI firm G42 to access 35,000 Nvidia Blackwell chips, a deal worth more than $1 billion.
Lawmakers now want administration officials to explain whether any connection existed between the investment and subsequent policy decisions.
The timing could not be worse for the crypto industry. Congress is currently debating the CLARITY Act.
Congress is simultaneously advancing the CLARITY Act, with the House Financial Services Committee set to hold a hearing on the bill in New York on July 17.
Meanwhile, Democrats have already warned that they may oppose the bill unless lawmakers address potential conflicts of interest involving elected officials and crypto businesses.
Trump and his family have reportedly generated more than $1 billion from crypto-related ventures, making the debate increasingly difficult to separate from broader crypto policy discussions.
Story Ends Here
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PANews, June 24 – According to CoinDesk, Democratic members of the U.S. Senate are calling for a hearing regarding a $500 million investment by the United Arab Emirates into the Trump-linked project World Liberty Financial, to investigate whether the funds have influenced U.S. policy decisions toward Abu Dhabi. Key areas of focus include arms sales to the UAE, approval of chip exports to the UAE, and the fast-tracking of investment deals related to Abu Dhabi. Senators aim to clarify whether there is any quid pro quo or improper influence between the investment and related policies.
Senators Warren, Blumenthal, and three colleagues are demanding sworn testimony on whether a half-billion-dollar Gulf state investment in World Liberty Financial shaped Trump administration policy toward the UAE.
Posted June 24, 2026 at 7:25 am EST.
Five Senate Democrats called Tuesday for immediate congressional hearings into a reported $500 million investment by UAE-linked officials in World Liberty Financial, the crypto venture co-founded by President Trump and his family, arguing that a pattern of U.S. policy decisions benefiting the Gulf state in the months that followed raises urgent questions about foreign influence on the presidency.
Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Richard Durbin, and Ron Wyden asked for sworn testimony on the deal the Wall Street Journal in January reported was signed four days before Trump’s inauguration in a Tuesday letter addressing the chairs of five Senate committees.
This story is an excerpt from the Unchained Daily newsletter.
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UAE royal and national security adviser Sheikh Tahnoon bin Zayed Al Nahyan purchased a 49% stake in World Liberty Financial for half a billion dollars, according to the Journal. Tahnoon paid $218 million upfront to entities tied to the Trump family and Steve Witkoff, Trump’s lead diplomat for the Middle East and Russia.
Senate Democrats in Tuesday’s letter described the deal as something unprecedented in U.S. political history: a foreign government official taking a major ownership stake in an incoming president’s company.
The senators said the investment was followed by a series of administration decisions benefiting the UAE. In May 2025, the administration approved $1.4 billion in arms sales to the UAE despite congressional concerns over weapons reaching armed groups in Sudan. The Department of Commerce authorized the transfer of 35,000 advanced Nvidia Blackwell chips — worth roughly a billion dollars — to G42, a UAE AI company also chaired by Tahnoon, despite warnings from U.S. intelligence officials that China could access the technology through the firm.
The senators demanded that administration officials explain under oath what they knew about payments to the president’s family and Witkoff’s family, and how they intend to restore public confidence that the administration is acting in the national interest. Unchained has previously covered earlier Senate calls for investigation into the WLFI-UAE relationship, which drew initial scrutiny after a separate $2 billion MGX investment boosted the market cap of the Trump family’s stablecoin overnight.
Related Listen: https://unchainedcrypto.com/bits-bips/bits-bips-how-the-dimon-vs-armstrong-clash-reveals-crypto-at-peak-political-power/
Senate Democrats on Tuesday demanded immediate hearings into a $500 million UAE investment in the Trump family crypto venture World Liberty Financial (CRYPTO: WLFI).
The Deal Closed Four Days Before Trump’s InaugurationThe buyers reportedly wired $218 million upfront to entities controlled by the Trump family and Steve Witkoff, Trump’s Middle East envoy, just before Trump took office.
The senators argue no foreign official has ever held this kind of direct ownership stake in a sitting US president’s company before.
They want that question answered under oath, specifically who in the administration knew about the payments, and at what point they found out.
A Billion-Dollar Chip Deal Sits At The Center Of The Senators’ ConcernsNvidia (NASDAQ:NVDA) chips are the biggest flashpoint in the senators’ letter.
Months after the World Liberty Financial deal closed, Commerce dropped Biden-era export limits that had capped how many advanced chips the UAE could buy, opening the door for G42, an Emirati AI firm run by Sheikh Tahnoon himself, to lock in 35,000 Blackwell chips worth more than $1 billion.
Intelligence officials subsequently found the same firm routing U.S. chip technology toward programs that strengthened China’s missile systems, despite G42’s earlier pledge to sever its China ties.
Two other moves round out the pattern the senators want explained.
Washington pushed through a $1.4 billion arms sale to the UAE that same window despite lawmaker pushback over Sudan, where the conflict has killed more than 150,000 people.
Moreover, Treasury separately stood up a new fast-track CFIUS review lane, the exact regulatory shortcut UAE officials had been lobbying for.
How This Investigation Has Evolved Since FebruaryWarren first labeled the arrangement crypto corruption back in February, when reports surfaced that Sheikh Tahnoon’s firm Aryam Investment became World Liberty Financial’s largest shareholder.
The same UAE ties have now become the central obstacle blocking the CLARITY Act.
A Senate Banking Committee amendment barring the president, vice president, and Congress members from crypto business activity failed in committee on procedural grounds, leaving the ethics dispute unresolved and the bill’s path to a floor vote stuck exactly where it was last week.
Image: Shutterstock
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President Donald Trump’s crypto firm, World Liberty Financial (WLFI), has come under new pressure from Senate Democrats. Lawmakers are enquiring about a massive $500 million investment linked to the United Arab Emirates.
US Senate Probes Trump’s WLFI Over UAE Deal Five Democratic representatives in the Senate have requested a congressional hearing on the deal. They wrote letters to several committee chairs of the Republicans, pointing out foreign interests and possible conflicts of interest.
The legislators say that the deal was inked four days before Trump was sworn in January 2025. The transaction was said to have given a UAE partner a 49% stake in WLFI. Moreover, Foreign buyers have already paid $218 million to entities tied to Trump and his Middle East envoy, Steve Witkoff, the senators said.
Sheikh Tahnoon bin Zayed Al Nahyan, UAE’s National Security Adviser, was named the lead investor by the lawmakers. They called it an unprecedented situation with a foreign government official having a controlling interest in a company surrounding a presidential candidate.
The senators also cited actions taken by Trump since he was sworn in. The UAE has received over $1.4 billion worth of arms since January 2025. It has also been responsible for exports of high-end artificial intelligence (AI) chips worth more than $1 billion.
Now, the lawmakers are asking for sworn statements from Trump administration officials and others who are involved in the issue. They seek information about what authorities were aware of concerning the payments and the time of the deal, per a Finance Feeds report.
The CLARITY Act Dispute The World Liberty Financial debacle has come at a time when Congress is still working on the CLARITY Act. The bill seeks to define a set of rules for digital assets in America.
White House crypto adviser Patrick Witt has stepped into the fray over the legislation. Senate Democrats are trying to add an ethics measure that would prohibit federal officials, members of Congress and President Trump from creating, promoting or sponsoring crypto assets.
The provision could have a direct impact on crypto projects associated with Trump. It includes the World Liberty Financial and the TRUMP meme coin. Hence, Witt is trying to a cut a deal to ease the ethics provisions against Trump.
PANews reported on April 9 that Giggles, a tokenized social video platform, announced the completion of a $1.2 million Pre-Seed funding round in 2025, led by 1kx, with participation from Virtuals Protocol, Social Graph Ventures, Noar Ventures, Night Capital, and angel investors from OpenAI and Bain Capital.
Giggles is a Web3 social network that allows users to invest in video content early on and benefit from it as it gains popularity. Built on blockchain technology, the platform supports ownership, tokenized rewards, and transparent interaction mechanisms. Giggles launched its beta version in August 2025 and is set to officially launch in the US, supporting real-money transactions.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Risk Disclosure: Guides, news, articles and analyzes on Bitcoinsistemi.com do not constitute investment advice. Keeping in mind that Bitcoin and cryptocurrencies are high-risk products, you should do your own research for each investment decision. Otherwise, you may come to the point of losing your entire investment. In this context, you should know that you are responsible for the losses that may arise from all your transfers and transactions.
Bitcoinsistemi.com is a news site, does not provide investment advice and does not recommend investing in any projects or digital assets. In this context, the content and content authors on Bitcoinsistemi.com cannot be held responsible for the investment decisions you make.
Coinbase adds VIRTUAL, PROS, and KAIO to its listing roadmap
PANews reported on April 24 that, according to an official announcement, Coinbase has added Virtuals Protocol (VIRTUAL), Pharos (PROS), and KAIO (KAIO) to its listing roadmap. The listing of these assets still depends on the availability of market-making support and technical infrastructure. The specific listing time will be announced separately once the relevant conditions are met.
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Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
PANews reported on April 28 that Coinbase plans to launch spot trading of Virtuals Protocol (VIRTUAL) on April 29. The VIRTUAL-USD trading pair will open in supported trading regions at or after 9:00 AM Pacific Time on that day, provided that liquidity conditions are met.
Author: PA一线
This content is for market information only and is not investment advice.
Risk Disclosure: Guides, news, articles and analyzes on Bitcoinsistemi.com do not constitute investment advice. Keeping in mind that Bitcoin and cryptocurrencies are high-risk products, you should do your own research for each investment decision. Otherwise, you may come to the point of losing your entire investment. In this context, you should know that you are responsible for the losses that may arise from all your transfers and transactions.
Bitcoinsistemi.com is a news site, does not provide investment advice and does not recommend investing in any projects or digital assets. In this context, the content and content authors on Bitcoinsistemi.com cannot be held responsible for the investment decisions you make.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on April 30 that, according to an official announcement, Coinbase will launch spot trading of Wrapped Ronin (WRON). If liquidity conditions are met, the WRON-USD trading pair will be available after 00:00 Beijing time on May 1.
Coinbase will also list MegaETH (MEGA). Users can now generate MEGA deposit addresses, but deposits will only be made after the asset issuer unlocks the transfer. The listing depends on market-making support and technical infrastructure, and the specific timing will be announced separately.
In addition, Coinbase has listed Gensyn (AI) and Virtuals Protocol (VIRTUAL), allowing users to buy, sell, exchange, send, receive, or store related assets on the official website and app.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Virtuals Protocol launches EconomyOS, a full-stack identity and finance suite for AI agents.
PANews reported on May 13 that Virtuals Protocol announced the launch of EconomyOS, a full-stack identity and finance suite for AI agents. This complete solution provides AI agents with dedicated Visa cards, wallets, emails, and identity information.
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This content is for market information only and is not investment advice.
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US Three Major Indexes Mixed, HOOD Down Over 6.11%
Here’s a question nobody was asking five years ago: does your AI agent need its own email inbox? Virtuals Protocol thinks so, and it just shipped one.
The project has rolled out a new managed-agent capability within its EconomyOS stack, giving onchain AI agents a dedicated inbox that can autonomously process one-time passwords, verification links, receipts, and other transactional communications. In English: AI agents can now sign up for services, verify their own accounts, and manage purchase confirmations, all without a human hovering over the keyboard.
What EconomyOS actually does Think of EconomyOS as the operating system that lets an AI agent function like a small business. It bundles together onchain identity, non-custodial wallets, virtual payment cards, and now email management into a single framework.
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The problem it solves is straightforward. Most of the internet still runs on Web2 rails. You need an email to sign up for things. You need to click verification links. You need to receive receipts. If an AI agent can’t do any of that, it’s functionally locked out of most commerce.
By giving agents their own inboxes, Virtuals bridges a gap between the onchain world where these agents live and the off-chain world where most economic activity still happens. The agent gets an identity layer that works across both Web2 and Web3, which is a prerequisite for doing anything useful beyond token swaps.
The scale of the Virtuals ecosystem Virtuals Protocol operates on Base, the Ethereum Layer 2 network, and has been positioning itself as infrastructure for AI agents that function as economic entities rather than just chatbots.
The numbers suggest meaningful traction. The ecosystem has facilitated over 1.77 million jobs and generated approximately $479 million in what the project calls “Agentic GDP,” or aGDP. That’s a metric Virtuals uses to measure the total economic output produced by its agent network.
Roughly 17,000 agents currently operate within the ecosystem. Those agents have achieved a lifetime value exceeding $8 billion and process around 20,000 autonomous onchain transactions through smart wallets.
Virtuals has described its ambition as becoming “Shopify and Wall Street for AI agents.” The Shopify comparison refers to making it easy to launch and manage agents as economic actors. The Wall Street part refers to tokenized agent offerings, where investors can gain exposure to specific agents through token markets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
OpenServ (SERV) climbed nearly 70% in 24 hours. The token broke out of a falling wedge that had pressured price since late October 2025. The move arrived as autonomous AI agents returned as one of crypto’s leading narratives.
SERV trades near $0.051 with a market cap of about $39 million. The project ranks 579 by market value. Daily volume sits close to $3.8 million.
Falling Wedge Breakout Hints the Rally May Be MaturingThe daily chart shows SERV escaping a falling wedge that compressed price action for roughly seven months. The pattern’s lower trendline ran from October 2025 lows, while the upper boundary tracked a series of lower highs.
OpenServ (SERV) Price Performance. Source: TradingViewIn technical analysis, falling wedges typically resolve higher, and SERV’s breakout above the $0.0287 horizontal level confirmed the structure.
Measured-move analysis points to upside of about $0.038, the longest vertical distance inside the pattern. That measurement, projected from the breakout, implies a target near $0.067.
Price has already covered roughly three-quarters of that range. The 14-day RSI has pushed above 80, a zone where momentum tokens often stall or pull back.
Recent Dogecoin wedge breakouts show that target zones frequently mark short-term tops.
Risk now skews toward profit-taking unless volume sustains a daily close above $0.060. A failed retest of the $0.0287 trendline would invalidate the bullish read. Longer-term price projections will hinge on whether the breakout holds above support.
AI Agent Narrative Returns to Center StageBehind the technical move sits a fundamental story. OpenServ runs an end-to-end infrastructure layer for autonomous AI agents, covering agent construction, token launches, and operational deployment.
The company’s BRAID reasoning framework is used across 10 enterprise and government deployments. That includes UAE government work with partner Neol.
SERV is the platform’s utility asset for fees, staking, and launch participation.
“Our reasoning framework is currently beating every OpenAI model on industry standard benchmarks. There are six models in development. SERV-nano just matched GPT-5.4 at 20x lower cost and 3x the speed. The research paper backing it is in peer review at a top-1% AI journal. The UAE government is running it in production, so are 10+ enterprises,” stated Tim Hafner, founder of OpenServ.
The broader autonomous agent sector now holds a combined market value above $15 billion. Agent launchpad Virtuals Protocol alone trades at roughly $477 million in market cap.
Capital rotation into the theme has lifted smaller agent infrastructure plays after months of consolidation.
Whether momentum holds will depend on adoption metrics, not chart patterns. Coming sessions should show whether SERV’s breakout marks durable demand.
A sentiment-driven move could already have played out most of its course.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Imagine a world where AI agents hire other AI agents, pay them, verify the work, and settle up, all without a human touching a single button. That’s the pitch behind ERC-8183, a new Ethereum standard that just got its first official builder session, co-hosted by Virtuals Protocol and the Ethereum Foundation’s dAI team.
The standard was proposed on February 25, 2026, by a team that includes Davide Crapis and Bryan Lim. It defines a protocol for onchain agent commerce, essentially giving autonomous AI agents a structured way to do business with each other on Ethereum.
What ERC-8183 actually does ERC-8183 introduces what it calls a “Job” primitive. Each Job comes with an escrowed budget, meaning the funds are locked up front so neither party can rug the other.
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The standard defines a four-state lifecycle for every Job: Open, Funded, Submitted, and Terminal. The framework also includes evaluator attestation, which means a neutral third party (or mechanism) verifies that the work meets the requirements before payment is released.
ERC-8183 is designed to integrate with ERC-8004, a separate proposal focused on agent reputation. Together, they form a two-layer system: one for doing the work, one for tracking who does good work.
Why Virtuals Protocol is involved Virtuals Protocol co-developed the ERC-8183 standard alongside the Ethereum Foundation. The project has previously managed over $3 million in agent transactions without escrow, operating in the exact pain-point space that ERC-8183 is designed to solve.
The platform currently hosts a community of over 17,000 agents and has reported revenue of $39.5 million.
What this means for investors The VIRTUAL token is trading at approximately $0.70 as of late March 2026, with a market capitalization of roughly $457 million.
If ERC-8183 gains adoption as the default standard for AI agent commerce on Ethereum, Virtuals Protocol, as a co-developer with an existing agent ecosystem, would be among the first to benefit. Projects like Autonolas and Fetch.ai are also building their own frameworks for agent interaction, making developer adoption the key variable to watch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Imagine a world where AI agents hire other AI agents, pay them, verify the work, and settle up, all without a human touching a single button. That’s the pitch behind ERC-8183, a new Ethereum standard that just got its first official builder session, co-hosted by Virtuals Protocol and the Ethereum Foundation’s dAI team.
The standard was proposed on February 25, 2026, by a team that includes Davide Crapis and Bryan Lim. It defines a protocol for onchain agent commerce, essentially giving autonomous AI agents a structured way to do business with each other on Ethereum.
What ERC-8183 actually does ERC-8183 introduces what it calls a “Job” primitive. Each Job comes with an escrowed budget, meaning the funds are locked up front so neither party can rug the other.
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The standard defines a four-state lifecycle for every Job: Open, Funded, Submitted, and Terminal. The framework also includes evaluator attestation, which means a neutral third party (or mechanism) verifies that the work meets the requirements before payment is released.
ERC-8183 is designed to integrate with ERC-8004, a separate proposal focused on agent reputation. Together, they form a two-layer system: one for doing the work, one for tracking who does good work.
Why Virtuals Protocol is involved Virtuals Protocol co-developed the ERC-8183 standard alongside the Ethereum Foundation. The project has previously managed over $3 million in agent transactions without escrow, operating in the exact pain-point space that ERC-8183 is designed to solve.
The platform currently hosts a community of over 17,000 agents and has reported revenue of $39.5 million.
What this means for investors The VIRTUAL token is trading at approximately $0.70 as of late March 2026, with a market capitalization of roughly $457 million.
If ERC-8183 gains adoption as the default standard for AI agent commerce on Ethereum, Virtuals Protocol, as a co-developer with an existing agent ecosystem, would be among the first to benefit. Projects like Autonolas and Fetch.ai are also building their own frameworks for agent interaction, making developer adoption the key variable to watch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Chainlink's CCIP drew over $1.1 billion in token value this week as Virtuals Protocol, Pleasing Market, and Zest Protocol joined a migration wave that has now moved nearly $5 billion in total value away from LayerZero since April's Kelp DAO exploit.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP, the messaging layer that moves assets and data between blockchains) drew over $1.1 billion in token value this week, according to Chainlink, as Virtuals Protocol, Pleasing Market, and Zest Protocol announced integrations in the same seven-day window.
The wave is the latest in a trend that started after a $292 million exploit hit Kelp DAO’s LayerZero-powered bridge in April. Chainlink’s own blog post tallied more than $4 billion in assets migrated to CCIP across seven protocols by May 20; this week’s round pushes the cumulative total higher.
Virtuals: The AI-Agent MigrationThe largest mover this week was Virtuals Protocol (an AI-agent platform where users create, tokenize, and monetize autonomous software agents), which announced Thursday that it is migrating $700 million-plus in VIRTUAL token cross-chain infrastructure from LayerZero to CCIP.
Khoon Kheng, Virtuals’ chief operating officer, said the decision followed a security review prompted by the Kelp DAO incident. Virtuals framed the shift as a standard for agent infrastructure specifically: cross-chain payment rails for autonomous agents — which transact and settle value without human intervention across multiple chains — require a higher security bar than conventional DeFi protocols.
VIRTUAL was changing hands at $0.57 on Friday, down 22% over the past seven days and 89% from its January 2025 all-time high of $5.07, per CoinGecko. Its market cap stands at $371 million.
Pleasing Market and Zest ProtocolPleasing Market, a tokenized commodities platform offering cross-chain precious metals, deprecated its legacy bridge and migrated to CCIP this week, Chainlink announced on X. The platform described CCIP as its exclusive cross-chain infrastructure.
Zest Protocol, a lending protocol that launched the ZEST token in May, is live on Ethereum and Base via CCIP as its primary cross-chain rail.
Neither Pleasing Market nor Zest Protocol disclosed the specific dollar volume of assets covered by the migration. Their inclusion in Chainlink’s $1.1 billion weekly tally reflects announced commitments, not independently verified on-chain flows.
The protocols choosing to leave LayerZero represent a narrow but high-profile slice: liquid restaking tokens, tokenized bitcoin, AI-agent infrastructure, and tokenized commodities.
CCIP’s Security ArchitectureChainlink’s CCIP validates each cross-chain lane with at least 16 independent node operators. Built-in rate limits act as circuit breakers, capping the value that can move per lane per period. Chainlink holds SOC 2 Type 2 and ISO 27001 certifications, which it says no other oracle platform has matched and which its institutional partners — including Swift, J.P. Morgan’s Kinexys, and UBS — have cited in their adoption decisions.
The Kelp exploit exposed a specific weakness in LayerZero’s DVN (Decentralized Verifier Network — the off-chain nodes that confirm cross-chain messages) configuration: a 1-of-1 setup meant one compromised verifier could authorize fraudulent transfers. LayerZero acknowledged the misconfiguration in a post-incident statement.
If you’ve ever aped into a freshly launched token on Base only to watch the developer dump their bags thirty minutes later, Wake wants to be the tool that saves you from yourself. The onchain intelligence terminal, launched through Virtuals Protocol’s fair launch mechanism, is designed to evaluate Base tokens across multiple safety dimensions and flag exit risks before they become catastrophic.
Instead of trusting a project’s vibes and a Telegram group’s enthusiasm, Wake runs deployer history, contract security, liquidity health, market dynamics, and social indicators through its analysis engine, then spits out a risk assessment.
What Wake actually does Wake operates through several core modules: DEX Radar, Pulse Engine, and Exit Detector. Together, these components monitor the Base ecosystem and surface signals that would take a human analyst hours to piece together manually.
The Exit Detector is where things get particularly interesting. Wake flags exit risks with severity scores in real time, categorizing threats like “DEV_DUMP MEDIUM” or “SNIPER_EXIT + TOP10_DISTRIBUTION CRITICAL.” In English: it watches for patterns that historically precede a token’s value cratering, whether that’s developers selling their holdings, early snipers cashing out, liquidity being pulled, or whale-heavy holder distributions shifting.
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Since launch, Wake has indexed over 23,847 Base contracts and processed more than 1.28 million signals.
The terminal runs on a pay-as-you-go model. Users top up their accounts with USDC or ETH and burn through credits as they query the system. New wallets get five free credits to kick the tires.
The tokenomics angle Wake allocates 50% of its terminal revenue to buying back its native token, $WAKE, with the remaining 50% flowing to its treasury. If the terminal generates meaningful revenue from users paying for intelligence queries, half of that revenue creates consistent buy pressure on $WAKE. The other half funds ongoing development and operations.
Wake’s contract address is 0x90f0039850c70Bb73416D6A118C7D3C63366Ce8D for anyone wanting to verify on-chain.
Why Virtuals Protocol matters here Virtuals Protocol is the platform through which Wake launched. Virtuals is a decentralized platform built for launching and co-owning autonomous AI agents on the Base network, with VIRTUAL as its utility and liquidity token. The protocol already powers thousands of AI agents on Base.
Wake represents a specific category within the Virtuals ecosystem: AI-powered market intelligence. Rather than a general-purpose chatbot or trading bot, Wake is narrowly focused on risk assessment for token launches.
The fair launch mechanism through Virtuals is also notable. Fair launches, where tokens are distributed without insider allocations or venture capital pre-sales, have become a preferred distribution method in the current cycle for projects that want to signal alignment with retail participants rather than institutional backers.
For investors and traders operating on Base, Wake addresses a specific pain point: the information asymmetry between token deployers and buyers. Deployers know their own intentions. Buyers are guessing. A tool that analyzes on-chain behavior patterns to surface warning signals shifts that balance.
The risk, naturally, is over-reliance. No automated system catches every scam, and false negatives could create a dangerous sense of security. A token passing Wake’s filters doesn’t make it a good investment. It means the tool didn’t detect the specific red flags it’s programmed to look for.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
According to a prominent trader, the Department Of Government Efficiency (D.O.G.E) token is following the typical meme coin trajectory—major rallies followed by deep corrections.
What Happened: In a post on X on Tuesday, trader Unipcs highlighted that despite facing heavy criticism after a 90% drop from its $500 million peak, this pattern is normal and D.O.G.E is primed for a comeback.
The key to meme coin survival is strong narratives, an engaged community, and an active development team, Unipcs argues.
D.O.G.E is uniquely positioned as the “official meme coin” of Trump’s administration, representing the Department of Government Efficiency. T
his branding has given it significant media coverage and backing from figures like Elon Musk.
Its crash was worsened by the launch of the Trump (CRYPTO: TRUMP) token, which absorbed liquidity.
However, now that election-related sell-the-news catalysts are behind us, D.O.G.E is once again a pure meme play with strong upside potential.
Also Read: Market Skeptical Of DOGE Hype, Questions Elon Musk’s Execution, Bernstein Says
What's Next: Unipcs notes that the recent market crash was the largest liquidation event in crypto history, wiping out $10 billion in positions in 24 hours.
Despite this, he believes the bull run isn't over.
With a pro-crypto U.S. administration and renewed risk appetite, meme coins could be set for a massive resurgence. He advises to stay patient—recovery is possible, but traders must navigate it wisely.
Read Next:
Meme Coin Index ‘Doge Jones’ Launches App Including DOGE, SHIB, BONK Image: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Elon Musk-led Department of Government Efficiency has secured access to the Centers for Medicare and Medicaid Services, according a report Wednesday. The extent of the access and the systems involved are yet to be clarified.
What Happened: DOGE representatives have been granted access to key payment and contract systems, reported Wall Street Journal. However, the CMS has not provided any clarification on this matter.
Musk said on X that “big money fraud” was taking place at the CMS on Wednesday in response to another user sharing the story..
The CMS confirmed the collaboration with DOGE, mentioning two senior agency veterans leading the collaboration and ensuring appropriate access to CMS systems and technology, according to the Journal.
DOGE’s focus on CMS aligns with its mandate to cut at least $1 trillion in federal spending. The CMS, which spent over $1.5 trillion in 2024, is often criticized for fraudulent and wasteful spending. Musk expressed his interest in the health agency, hinting at potential fraud in Medicare spending.
Musk’s representatives had reportedly yet to access sensitive databases that include identifiable personal health information of people enrolled in both Medicaid and Medicare. The access given to DOGE representatives was “read-only.”
See Also: Trump Administration Softens Gaza Takeover Proposal As Middle East Allies Reject Plan
Why It Matters: DOGE’s access to CMS comes in the wake of Trump’s Medicaid cuts. In January it was reported that the GOP was pushing for big changes to Medicaid, which serves 79 million low-income or disabled Americans.
Soon after the freeze was announced the Medicaid website stopped functioning, but the White House later attributed that to an “outage.” The executive branch of the government said that no payments had been affected.
The Department of Government Efficiency shares its acronym with Dogecoin (CRYPTO: DOGE), the cryptocurrency frequently mentioned in Musk’s posts on X.
Price Action: At the time of writing, DOGE traded 2.7% lower at $0.26, according to data from Benzinga Pro.
Image via Shutterstock
Did You Know?
Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
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Word on the street is that Ethereum is ready for an early Christmas. The cryptocurrency’s accumulation addresses received a whopping $883M on February 7 – the highest daily inflow ever.
Moreover, long-term holders are now holding over $19.24M worth of $ETH, which is also a record.
This number, by the way, has jumped 20.55% in 2025, which, combined with the fact that $ETH’s price has dropped by 20.75% this year, reflects investors’ confidence in Ethereum.
Simply put, an increasing number of investors are HODLing Ethereum, expecting a big move in the near future.
Further evidence that $ETH’s record-breaking daily info is a bullish sign is the observation that Ethereum’s price shoots up after accumulation peaks like this.
For instance, Ethereum’s price rose by 35% just two months after 244K ETH (a record at that time) were accumulated on a single day (on February 26, 2023).
With Ethereum set to test (and potentially break) all-time highs, we’ve picked 6 meme coins to explode and follow $ETH on its upwards trajectory.
1. Solaxy ($SOLX) – Best Meme Coin to Buy In 2025 Solaxy ($SOLX) has arrived at just the right time for Solana. Although $SOL has been pretty sensational of late – 89% gains in the last one year – plus it’s now holding support and is ready for a breakout, it has admittedly been struggling to accommodate the growing number of users.
This is where Solaxy comes in. As the first layer 2 solution on Solana, $SOLX will solve the problems of network congestion, failed transactions, and limited scalability on the blockchain.
The $SOLX presale has been well received by both retail traders and whales alike. For instance, a whale bought $122K $SOLX just over a month ago.
The total presale raise now stands at an impressive $19M, with each token currently being offered at just $0.00163. If this is your first time investing in a crypto presale, here’s a detailed guide on how to buy $SOLX.
2. MIND of Pepe ($MIND) – Leverage AI to Become a Profitable Crypto Trader MIND of Pepe ($MIND) is a one-of-a-kind fusion between AI and crypto that promises to alter how retail traders have been approaching the crypto market.
It’s a self-evolving AI agent that constantly talks to crypto influencers and communities on dApps and social media sites like X, listening to their beliefs and biases regarding crypto.
Next, $MIND organizes and then declutters all that information to offer trading signals and unique market insights to its token holders.
Additionally, MIND of Pepe is also capable of shaping conversations and hype online, acting as a catalyst for new trending cryptos that it has recommended to its community.
Simply put, this frog-inspired meme coin is poised for tremendous growth, as it’s a sigh of relief for retail crypto traders who have been struggling to make consistent profits.
You can buy 1 $MIND for $0.0032924 if you get in right now. The $MIND madness has already raised over $5.5M, and it doesn’t look like slowing down. Here’s how to buy $MIND.
3. Meme Index ($MEMEX) – The Meme Coin Market Is No Longer Risky Meme Index ($MEMEX) is one of the best cryptos to buy now because it has the potential to not only change how people view the memecoin market but also attract more investors to this corner of crypto.
Taking inspiration from how index funds function in stock markets, $MEMEX is the first provider of meme coin baskets.
It offers four baskets of meme coins, ranging from the very safe Meme Titan Index (includes only the top cryptos in the world) to the high-risk, high-reward Meme Frenzy Index.
There’s also the Moonshot Index and the Meme Midcap Index, which offer handsome returns in exchange for a decent risk appetite.
All in all, because $MEMEX simplifies and diversifies meme coin investing, it has the potential to put crypto alongside the major financial markets in the world.
Meme Index is currently in presale, where it has already raised $3.5M. Each token is now available at $0.0160352, but hurry up because the price increases in the next few hours.
4. Department Of Government Efficiency ($DOGE) – Benefit from the Musk-Led New US Govt Body We’re all well aware of the OG $DOGE, but with Donald Trump winning the elections and Elon Musk getting his own way, there’s a new DOGE in town – Department of Government Efficiency.
Although the name of this US government department is indeed amusing, the work it does (or at least aspires to do) is very serious.
Under the leadership of Musk, DOGE wants to reduce bloated federal spending, alleviating the tax burden on US citizens.
DOGE’s X account constantly updates about the good work it has been doing. For instance, the organization has apparently saved over $5B in just the last two days by terminating wasteful contracts.
As a result, this ETH-based token finds itself on the list of top gainers. It’s up by a mind-boggling 35% in the last 24 hours.
Moreover, with a lifetime return of over 12,000% and truckloads of more fruitful work ahead, this $DOGE (currently priced at $0.065) is undoubtedly one of the top crypto buys under $1.
5. SPX6900 ($SPX) – Unique S&P 500 Index Meme Coin SPX6900 is another meme coin that has reacted positively to ETH’s accumulation news. It has jumped by over 8% today – and nearly 40,000% in the last year!
Built on the Ethereum network, SPX6900 is an S&P 500-based meme coin that has an amusing goal of reaching 69T in valuation. Of course, there’s no point digging into the “why” of this fictional index’s mission.
Thanks to SPX6900’s large community (82K followers on X and over 19K subscribers on its Telegram) and never-ending social media hype, it’s currently one of the best new cryptocurrencies.
Currently trading at $0.67, the token also boasts a massive market cap of $624M, which is one of the biggest in the entire industry.
Verdict Everything considered, it’s worth noting that even the best meme coins to explode aren’t free from the clutches of the overall crypto market’s volatility.
That’s why you should only invest an amount you’re comfortable sidelining for the foreseeable future.
Also, none of the above is a substitute for financial advice, and you must always do your own research before investing.
Elon Musk’s Department of Government Efficiency (DOGE) marked a monumental stride on Thursday, primarily with the launch of its official website. The advisory panel under Trump’s presidency remains poised to offer updates on governmental spending cuts with this endeavor, further streamlining federal operations. Meanwhile, the Tesla & SpaceX lead revealed what the panel eyes for its future initiatives, further echoing a buzz nationwide.
Elon Musk’s DOGE Official Website Goes Live: Here’s All According to an official X post by the Department of Government Efficiency on February 13, the official website ‘doge.gov’ is now live. This portal will offer the public vital updates on governmental spending cuts, the functioning of agency employees, and the panel’s role in streamlining federal operations.
As per Elon Musk, “Details of cost savings” are to be posted on this site. Further, the Tesla & SpaceX lead also revealed that he aims to spend the next 4 months working in the panel, primarily to slash $2 trillion from the budget.
Source: Elon Musk, X What To Expect? In light of this development, FOX Biz correspondent Charles Gasparino revealed on X that once the advisory department’s goals are met, the anticipation is that ‘inflation will be dropping to 2%.’ Notably, CoinGape reported that the latest U.S. CPI inflation data for January came in hotter than expected at a 3% basis YoY. Given that the newly launched government panel achieves what it plans, the broader risk assets market sentiment could substantially benefit.
Further, the imminent developments for the advisory panel are that it aims to launch an ‘overall savings scorecard’ and a ‘description for the amount of each cost reduction’ by February 14.
Altogether, these recent developments have echoed a buzz across the American landscape, whilst crypto market participants keenly eye Dogecoin. Elon Musk’s governmental advisory panel under Trump’s presidency has garnered significant attention to the dog-themed meme coin in light of a similar name. Also, the market hype is attributable to the American entrepreneur’s previous backing and influence over the token.
Dogecoin Under The Spotlight Amid Recent Advancements At the time of reporting, Dogecoin’s price witnessed an uptick of over 4%, exchanging hands at $0.2579. The coin’s intraday low and high were $0.2489 and $0.267, respectively. Intriguingly, the current rising trajectory falls in line with the broader crypto market’s bullish trend.
Further, the recent Elon Musk DOGE-related advancement has added a layer of intrigue surrounding the coin’s future movements. Notably, crypto market analyst ‘VipRoseTr’ conveyed optimism on the meme coin amid current developments, revealing that the price is rebounding from the Fibonacci support zone, signaling a potential bullish reversal. This projection indicates that a massive upside price movement is incoming, with the upcoming targets for the token being $0.4993, $0.5740, and $0.6543, given the price sustains a bullish movement. However, traders and investors continue to trade cautiously, given the meme coin sector’s turbulent nature.
