Warren Zeroes In On Crypto Deal Structure As $75M Loan Draws Attention
A $75 million loan backed by nearly half a billion dollars worth of a company’s own tokens is now at the center of a Senate push to get regulators involved in the Trump family’s crypto operations. The Loan That Raised Questions World Liberty Financial, the crypto project tied to US President Donald Trump and his family, reportedly used around $440 million worth of its WLFI governance tokens as collateral to borrow money through Dolomite, a decentralized lending platform. Related Reading: XRP Records Biggest Spike In Network Usage In 2 Months The transaction produced roughly $65....
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Tokenized US Treasury bonds sitting on the XRP Ledger have grown from $50 million to $418 million in roughly a year — an eightfold jump that is drawing fresh attention to Ripple’s blockchain network and renewing speculation about where XRP’s price could go next. Related Reading: Warren Zeroes In On Crypto Deal Structure As $75M Loan Draws Attention Institutions Behind The Surge Platforms including OpenEden, Ondo Finance, and Zeconomy are behind the Treasury tokenization push on XRPL. Their activity signals that established financial players are testing the network as a way to....
ONDO jumped roughly 16% after reports that the US Securities and Exchange Commission is preparing a framework that could allow tokenized versions of stocks to trade on crypto rails, potentially giving one of the real-world asset sector’s most visible names a fresh regulatory tailwind. ONDO traded near $0.390, up 15.5% over 24 hours, with about $228 million in daily volume and a market capitalization near $1.9 billion. The move followed a Bloomberg report, that the SEC could release an “innovation exemption” for tokenized stocks as soon as this week. The framework would reportedly create a....
A promise of 6% returns on deposits from a crypto-linked payments platform is raising red flags in Washington — and one senator wants answers. Warren Zeroes In On The Numbers The math doesn’t add up, according to Sen. Elizabeth Warren. With the federal funds rate sitting between 3.5% and 3.75%, X Money’s advertised 6% yield […]
Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. A spokesperson for Goldman Sachs explained that the deal is interesting to the investment bank due to its structure and 24-hour risk management. Goldman Sachs and Bitcoin-Backed Loans Global investment bank Goldman Sachs has offered its first-ever cash loan backed by bitcoin (BTC), Bloomberg reported Thursday. A spokeswoman for the bank explained to the publication that the secured lending facility lent cash....
Warren Buffett’s farewell as chief executive of Berkshire Hathaway ended with a paradox that will reverberate through Bitcoin markets for months. Moments after the 94-year-old “Oracle of Omaha” confirmed that vice-chairman Greg Abel will assume the top job when 2025 draws to a close, the world’s most celebrated value investor delivered a sweeping warning about […]