Today in crypto, a crypto developer says Trump-linked crypto project WLFI froze his tokens and refused to unlock them, a Bitcoin analyst is not convinced that Bitcoin will peak at the end of this year. Meanwhile, US regulators are exploring…
Today in crypto, a crypto developer says Trump-linked crypto project WLFI froze his tokens and refused to unlock them, a Bitcoin analyst is not convinced that Bitcoin will peak at the end of this year. Meanwhile, US regulators are exploring a shift to 24/7 capital markets and new rules for crypto derivatives.
‘Scam of all scams’: Crypto dev claims Trump-linked WLFI ‘stole’ his money
A crypto developer has accused World Liberty Financial (WLFI), a crypto project with ties to US President Donald Trump, of stealing his funds by refusing to unlock his tokens.
In a Saturday post on X, Polygon DevRel Bruno Skvorc shared an email from WLFI’s compliance team, which flagged his wallet address as “high risk” due to blockchain exposure. The team said his tokens would not be released.
“TLDR is, they stole my money,” Skvorc wrote. “And because it’s the @POTUS [The president of the United States] family, I can’t do anything about it. This is the new age mafia. There is no one to complain to, no one to argue with, no one to sue.”
In response to another user, Skvorc claimed that he is one of six investors who were subject to 100% token lockups from the beginning. “It was not ‘high risk’ to accept money from this address, but it is high risk to unlock owed money into it,” he wrote.
Bitcoin traders tipping Q4 price top do 'not understand statistics’ — Analyst
Traders who predict Bitcoin will reach its cycle-high price by the end of this year may be misunderstanding the principles of statistics, a Bitcoin analyst says.
It comes as several analysts have been forecasting the outcome for Bitcoin in recent times.
“Anyone who thinks Bitcoin has to peak in Q4 of this year does not understand statistics or probability,” PlanC said in an X post on Friday.
“From a statistical and probability standpoint, it is equivalent to flipping a coin and getting tails three times in a row, then betting all your money that the fourth flip MUST BE tails,” PlanC said, explaining that relying on the three previous halving cycles doesn’t provide enough statistically significant data.
US regulators release joint statement teasing 24/7 capital markets
The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released a joint statement on Friday exploring a possible shift to 24/7 capital markets and regulations for crypto derivatives.
Scaling onchain finance requires a 24/7 trading environment across asset classes, the regulators said in the statement.
Crafting regulatory clarity for event contracts and perpetual futures — futures contracts without an expiry date — was also a priority. However, the agencies clarified:
“Further expanding trading hours could better align US markets with the evolving reality of a global, always-on economy. Expanding trading hours may be more viable in some asset classes than others, so there may not be a one-size-fits-all approach for all products.”
The potential pivot to “always-on” financial markets would increase capital velocity but also increase risk for traders, exposing their overnight and long-term positions to market participants in different time zones, who could knock them out of trades while they sleep.
