"The current administration has signaled that it is very pro-business and wants to make it as easy as possible for these new fintech business models such as prediction markets and crypto to operate."
Look, investors didn't get what they wanted to hear last night. I think that it was pretty straightforward that there were a lot of people buying stocks, betting that this was going to be the official wind-down. Not more bombing.
WLFI was trading at $0.08, a roughly 82% drop from its all-time high last September when it traded at $0.46. The drop coincides with news that Corey Caplan, the CTO of World Liberty Financial, used the project's reserve of WLFI tokens to make loans on a third-party crypto platform he co-founded.
Futures are exploding higher, as President Trump chose not to 'end civilization in Iran' and agreed to a two-week pause on attacks on Iran.