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Blockchain

Donald Trump’s Crypto Firm Announces Strategic Token Reserve, Plans to Invest in DeFi



World Liberty Financial (WLF), backed by former US President Donald Trump, is launching a strategic token reserve to stabilize its crypto-backed fund pool amidst market fluctuations. The announcement, made via their X account, sheds light on WLF’s purpose after its initial unveiling in September 2024. Trump, aiming to establish the US as a leader in the cryptocurrency space, introduced WLF. The reserve aims to provide a financial buffer against the volatile nature of the crypto market, ensuring the fund’s stability and investor confidence. This move signals WLF’s commitment to long-term growth and solidifies its place within the evolving digital asset landscape.



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

After the announcement, Iren raised its 2026 annual recurring revenue guidance from US$500 million to US$3.4 billion. Source link

by Tech In Asia

The company reported Q3 net profit of US$56.8 million, up from US$38.5 million a year earlier. Source link