Fish??

WHAT IS DONALD TRUMP’S NEW CRYPTO PROJECT WORLD LIBERTY FINANCIAL? - Donald Trump and his family have stepped into the crypto space, backing a new project called World Liberty Financial (WLF). Here’s What We Know: - WLF aims to be a crypto banking platform for borrowing, lending, and investing in cryptocurrencies, according to a recent report from Decrypt. - The project was discussed during a live audio stream on X, where over 100,000 listeners tuned in. - A governance token called WLFI will be launched. However, it will be non-transferable and won’t provide any economic rights. This means token holders will have voting power but not financial benefits. Token Allocation: - 63% of WLFI tokens will be sold to the public. - 17% is reserved for user rewards. - 20% will go to the founding team. - The token sale will be limited to accredited investors under the SEC’s Regulation D exemption. This means only high-net-worth individuals or institutions can participate. - The team emphasized there will be no pre-sales or early buy-ins, which aims to avoid giving advantages to insiders. - While Trump initially had little interest in crypto, his views changed after seeing the success of his NFT collections. He now views crypto as an inevitable part of the future economy. [Image created by Grok]

SAM BANKMAN-FRIED APPEALS FRAUD CONVICTION, CLAIMS UNFAIR TRIAL - Imprisoned FTX co-founder Sam Bankman-Fried has officially appealed his fraud conviction, arguing that he did not receive a fair trial and is seeking a retrial with a new judge. - His defense claims that Bankman-Fried was treated as guilty by the media, prosecutors, and even the presiding judge before his trial began, compromising his right to a fair process. - Bankman-Fried’s legal team insists FTX had the funds to repay customers, blaming the exchange's collapse on a liquidity crisis rather than insolvency, despite mismanagement during bankruptcy proceedings. - His lawyers argue that while the exchange faced liquidity issues, it held illiquid investments that could have been used to pay back customers, denying that risky or foolish investments were made. - FTX, once a major crypto exchange, collapsed in November 2022 amidst a liquidity crunch, leading to Bankman-Fried’s arrest and conviction for fraud, with a 25-year prison sentence.