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World Liberty Financial (WLFI), the decentralized finance (DeFi) venture associated with President Donald Trump and his sons, said early Monday that it had been targeted in what it described as a “coordinated attack” involving its stablecoin, USD1. According to CoinGecko data, USD1 — which carries a market capitalization of nearly $4.8 billion — briefly lost its dollar peg before recovering to $1. The temporary dislocation drew immediate attention across crypto markets, particularly given the project’s political ties and growing profile within the digital asset sector. World Liberty Financial Addresses Incident  In a statement posted on its official account on X (previously Twitter), the project alleged that multiple attack vectors were deployed simultaneously. “A co...

A person familiar with the project reportedly said the stablecoin under preliminary discussion by the board would be established as “a means to allow Gazans to transact digitally.”

Bitcoin holds its range trend even as the funding rate turns negative and BTC open interest flatlines. Is the data leaning toward a short-squeeze back to $70,000?

After a yearlong share slump, PayPal is fielding buyout approaches as rivals weigh asset sales and a possible full acquisition, according to Bloomberg.

Bitcoin Magazine

French Energy Giant Engie Eyes Bitcoin Mining at Brazil Mega Solar Project
Engie is considering adding battery storage or bitcoin mining data centers to its 895-MW Assu Sol solar plant in Brazil.
This post French Energy Giant Engie Eyes Bitcoin Mining at Brazil Mega Solar Project first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

On Monday, Crypto.com disclosed that it has secured conditional approval from the Office of the Comptroller of the Currency to charter a national trust bank, marking another crypto firm inching deeper into the U.S. banking system. Digital Asset Firm Crypto.com Wins Conditional OCC Approval for National Trust Bank Charter Crypto.com announced Monday it received conditional […]

A Houston resident directed a major bank fraud scheme that laundered at least $40 million, according to the U.S. Department of Justice. The agency says 44-year-old Bun Khath and his co-conspirators submitted loan applications that contained fraudulent information and documents, including fake equipment sales invoices, income tax returns and bank statements. Khath, who admitted to […]
The post Houston Man Orchestrates $40,000,000 Bank Fraud Scheme, Fooling Lenders Into Backing Big Loans for Bogus Companies: DOJ appeared first on The Daily Hodl.