Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, WLFI fell to a record low after it was revealed that the project used its own tokens as collateral to take a loan, Bitcoin and the broader cryptocurrency market remained resilient despite hotter-than-expected US inflation data, with the Consumer Price Index recording its largest monthly increase since 2022. Meanwhile, Hong Kong has issued its first stablecoin licenses, approving Anchorpoint Financial and HSBC’s local banking arm under its new regulatory framework.
WLFI, the native token of the Donald Trump–backed World Liberty Financial platform, sank to an all-time low on Saturday as crypto users expressed concerns after revelations that the project used a large amount of its own tokens to take out loans.
The token hit a new low of around $0.07714 on Saturday, down 83% from its peak of $0.46 reached last September, according to data from CoinMarketCap. WLFI is currently at $0.07879, down by 4.66% over the past day.
