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first_img Trump's $800 million WLFI position enters unlock agreement, earliest sale in 2028

On-chain data shows that 1.4175 billion WLFI tokens, matching the holdings disclosed by U.S. President Trump, were transferred into a lock-up contract via a multi-signature transaction on May 19, establishing the first clear monetization timeline for his approximately $800 million holdings. Participants in this vesting plan must immediately burn 10% of the tokens upon entry and set a two-year cliff period, followed by a linear release over three years, with the earliest sale not possible until May 2028.On-chain data indicates that a total of six internal wallets transferred tokens into this contract, with the largest wallet depositing 1.575 billion WLFI, retaining 1.4175 billion after burning, consistent with Trump's disclosed holdings; two other wallets each deposited 375 million, and three wallets each deposited 225 million. This lock-up contract is currently the largest single holder of WLFI, holding 4.61 billion tokens, nearly half of the total supply. The total supply of WLFI has been reduced from a cap of 10 billion to 9.67 billion.This vesting plan was created through a governance proposal passed around May 6, with 11,537 wallets voting in support. Founders who hold tokens can choose to convert indefinite lock-up into a two-year cliff period plus a three-year vesting period, with participation being voluntary. A spokesperson for World Liberty Financial, David Wachsman, stated that the community voted in support of the founders burning tokens, and the co-founders transferred tokens into a smart contract to complete the burn, taking on the strictest lock-up conditions among all token holders.

first_img Analysis: Federal Reserve Chairman Waller downplays the decline in inflation, Bitcoin falls below $80,000

According to Cointelegraph, Bitcoin failed to effectively break through the $80,000 mark, with BTC/USD dropping to $78,442 on the Bitstamp platform, a decline of about 1% for the day, after Federal Reserve Chairman Kevin Walsh delivered a cautiously toned speech in Jackson Hole. In his speech, Walsh reaffirmed the Fed's commitment to the 2% inflation target and downplayed the significance of the recent decline in CPI and PCE data.Walsh stated that although these broad inflation indicators have significantly retreated from their highs a few years ago, the progress over the past two years has been relatively modest. The better-than-expected PCE and CPI readings this summer do not indicate that the underlying trend has materially improved. He also noted that the forward guidance, a conventional practice introduced during the financial crisis, "is now outdated" and will not return in the future. U.S. stocks were not weighed down by his remarks, with the S&P 500 and Nasdaq indices both rising by about 0.5%.On-chain data shows that there is a dense resistance zone between the current spot price and $86,000, which suppresses upward momentum. QCP Capital analysis pointed out that even if the price breaks through, the derivatives market needs to support it by controlling funding rates and the growth rate of open interest. The key is whether the subsequent market movement is driven by spot participation or leveraged positions. As of the time of writing, BTC/USD has risen 26.35% this month, marking the best August performance since 2017.

first_img Analysis: Bitcoin remains steady around $80,000, traders focus on Waller's Jackson Hole speech

According to CoinDesk, Bitcoin is currently stable around $80,000, with traders focusing on Federal Reserve Chairman Kevin Walsh's keynote speech at the Jackson Hole annual meeting. The annual seminar hosted by the Kansas City Fed opened on Wednesday, and Walsh will speak on Friday morning. Current inflation remains well above the Fed's 2% target, and long-term borrowing costs are near multi-year highs, with the Fed maintaining the benchmark interest rate range at 3.5%-3.75% in recent months.Mark Connors, Chief Investment Officer of Risk Dimensions, expects Walsh to keep the option of raising interest rates but not to raise rates before the midterm elections. The July PCE inflation rate reached 3.7%, partly driven by rising energy prices following the Iran war. Samir Kerbage, Chief Investment Officer of Hashdex, stated that Bitcoin does not directly respond to the September interest rate decision but follows global liquidity and long-end yield curve trends, similar to the drivers of gold. Last week, the U.S. Treasury announced an increase in long-term Treasury bond purchases after the 30-year Treasury yield hit a 19-year high, which pushed Bitcoin higher; Kerbage described this surge as "primarily a liquidity event."This year's Jackson Hole meeting focuses on financial innovation, payments, and policy, with stablecoins, tokenized deposits, and faster settlement systems becoming the discussion highlights. Kerbage believes that if Walsh views these technologies as part of the financial system rather than risks to be curtailed, the impact could extend beyond Bitcoin, with smart contract networks and protocols handling tokenized payments and settlements benefiting more directly from this shift.
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