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Donald Trump's World Liberty Financial has high hopes for its token sale, but as of Friday, only ~4% of the supply had sold. Limited to accredited investors due to SEC regulations, the project struggles to gain momentum, moving just $13M worth of tokens since the start of its sale on Tuesday. Some believe Trump’s core audience may not be as engaged with crypto as anticipated, with a website crash on launch day only compounding the weak performance. This is probably a blessing since the project could quickly become a political target post-election, no matter who wins, damaging DeFi’s optics in the process.
Like clockwork, it’s back to Uptober, with Bitcoin up another ~8% over the past week, rising to just below $69K on Friday. In that time, Bitcoin ETFs recorded their largest inflow since July, bringing in over 25,675 BTC ($1.74B) across global markets. Expectations for more Fed rate cuts, healthy economic data, and growing confidence in a pro-crypto Trump presidency have driven much of this buying spree. Bitcoin ETFs now hold an impressive 1.1M BTC, equivalent to the amount held in Satoshi's original wallet, a number that keeps growing with daily mined supply being snapped up.
Just putting this out there.
(And remember: Year 1 isn’t even over for bitcoin ETFs.) pic.twitter.com/K8sDbnagv2
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