The Latest Breaking News from DeFi

Texas, United States, June 11th, 2025, Chainwire

The crypto market maker GSR is also helping incubate the project.

The Trump family's WLFI DeFi project has launched a native stablecoin, $USD1, which is not yet tradable but is already getting much attention in the crypto space as scammers moved to replicate the coin.

World Liberty Financial has completed a second round of $WLFI token sale that brought the total sales proceeds to $550 million, and amid reports that the U.S. president will collect $390 million from his role in promoting the DeFi project, there is confusion, and there is concern.

The SEC has dropped its investigations into Robinhood Crypto and Uniswap, marking what Uniswap said was a "win for DeFi" as the Wall Street regulator pivots toward a more positive approach in regulating digital assets.

WLFI moved some of its crypto holdings for staking and lending, and swapped $USDC for $wBTC and $MOVE – actions in line with its recent announcement regarding a digital asset reserve that includes various cryptocurrencies.

After years of uncertainty under Biden, the Trump admin promises clear, consistent regulations for digital assets.

Zach Witkoff's X account was hacked Wednesday and used by the exploiters to promote a fake Barron Trump token – some crypto users claimed they lost thousands due to the fake meme coin.

World Liberty Financial has announced a new crypto investment initiative, hinting that it will include Bitcoin, Ethereum, and other leading cryptocurrencies to "bolster" the industry's growth.