With the U.S. presidential elections drawing near, forecasts from prediction markets indicate a probable win for Trump.
Yet, amidst these predictions, news emerged on October 13th that law enforcement had foiled a potential third assassination plot against the former president, as reported by The Telegraph.
Nevertheless, Trump remains unwavering in his campaign, especially concerning the advancement of his latest crypto project.
Introduction of WLF Token Sale
On that very day, Trump took to X (formerly Twitter) to reveal that World Liberty Financial (WLF), his crypto endeavor, will initiate its token sale on October 15th.
Furthermore, the WLF team and advisors will engage with potential investors in a Twitter Spaces session scheduled for October 14th, offering insights into the public sale and project vision.
The WLF initiative aims to disrupt the financial sector by leveraging blockchain technology to provide decentralized lending services, offering an attractive alternative to conventional banking institutions.
Prioritizing inclusivity and transparency, WLF endeavors to challenge what Trump labels a “manipulated” financial system, empowering users through its pioneering approach.
Recent reports indicate that the project has started accepting users, albeit with restricted access to accredited U.S. investors and individuals from non-U.S. regions, demonstrating its dedication to fostering a fairer financial ecosystem.
In his statement, Trump remarked,
“While these whitelists are currently accessible to accredited U.S. investors and all non-U.S. citizens, we are dedicated to providing financial liberation to all, regardless of their origins or financial status.”
Response from the Community
Nevertheless, this announcement seemed to disappoint several cryptocurrency leaders, as remarked by Billy Markus, the founder of Dogecoin, who commented,
“This is quite disappointing.”
Another X user added to this sentiment, mentioning,
This scenario underlines Trump’s understanding of the sentiments within the crypto community and the substantial role cryptocurrency plays in the ongoing election cycle.
Recap and Current Developments
Looking back, despite surviving an initial assassination attempt on July 14th, Trump remained resolute, expressing his intent to participate in the upcoming Bitcoin Conference in Nashville, Tennessee.
This decision not only impacted the crypto market but also Trump’s election prospects, according to Polymarket data.
However, following a second attempt in mid-September, the crypto market experienced a downturn, leading to a decline in Trump’s standing on Polymarket, temporarily trailing behind Kamala Harris.
Presently, Polymarket figures indicate Trump is leading with 54% of the votes, while Harris trails with 45.4%.
In the wider crypto sphere, the global digital asset market cap stands at $2.24 trillion, marking a 2.00% increase in the last 24 hours per CoinMarketCap.
Of significance, MAGA [TRUMP] has risen by 6.7%, while Kamala Harris [KAMA] has witnessed a 2.2% decrease, as per CoinGecko data.