Immediately in crypto, Bo Hines, director of White Home Crypto Council steps down and Trump-linked World Liberty Monetary is weighing a $1.5 billion Nasdaq-listed treasury firm to carry WLFI tokens. In the meantime, a major quantity of Ether shorts received liquidated.
Bo Hines publicizes he’s stepping down from the White Home Crypto Council
Bo Hines, the manager director of the White Home Crypto Council, an advisory group to US president Donald Trump, introduced he’s stepping down as head of the group on Saturday.
The departing crypto advisor stated he’s rejoining the personal sector, however will proceed to advocate for digital belongings. Hines wrote in an X put up:
“Serving in President Trump’s administration and dealing alongside our good AI & Crypto Czar, David Sacks, as Govt Director of the White Home Crypto Council, has been the distinction of a lifetime. Collectively, we’ve got positioned America because the crypto capital of the world.”
The crypto council has garnered reward from supporters, who say the group helped set up a guiding regulatory framework for digital belongings within the US, and criticism from those that say the group has ignored key items of Bitcoin laws.
World Liberty Monetary weighs $1.5B public firm to carry WLFI tokens
World Liberty Monetary, the Trump family-backed crypto enterprise, is exploring the creation of a publicly traded firm to carry its WLFI tokens, with a fundraising goal of roughly $1.5 billion.
The construction of the deal remains to be being finalized, however main buyers in know-how and crypto have been approached, and discussions are stated to be progressing rapidly, in accordance to a Friday report from Bloomberg.
The transfer would place World Liberty amongst a rising wave of digital-asset treasury firms, that are publicly traded corporations holding crypto reserves. These firms have raised an estimated $79 billion in 2025 for Bitcoin purchases alone, per the report.
World Liberty, whose web site names Donald Trump as “co-founder emeritus,” launched final yr with plans for a crypto-lending app and at the moment provides USD1, a dollar-backed stablecoin.
$105M Ether shorts received ‘smoked,’ Eric Trump throws shade at bears
Ether noticed the most important quick place wipeout of the day throughout all crypto belongings on Friday as its worth surpassed $4,000, with some analysts saying it may very well be setting the stage for a brief squeeze.
The rally led to Eric Trump, son of US President Donald Trump, taking a jab at bearish merchants.
“It places a smile on my face to see ETH shorts get smoked at the moment. Cease betting towards BTC and ETH – you’ll be run over,” Trump stated in an X put up on Friday.
On Friday, roughly $105 million in Ether quick positions have been liquidated, representing about 53% of the whole $199.61 million in shorts liquidated from the complete crypto market, as Ether surpassed the $4,000 worth stage for the first time since December 2024, in accordance to CoinGlass.
