According to Bloomberg News, Trump-affiliated World Liberty is proposing a $1.5 billion cryptocurrency vehicle. Skip to main content

Israeli fire in Gaza killed Reuters journalist Hussam al-Masri.

As he lived in a tent and battled to provide for his family, Hussam al-Masri, a Reuters journalist killed by Israeli fire on Monday while running a live video feed at Gaza's Nasser Hospital, covered the suffering of civilians during the conflict. According to journalist colleagues, Masri, 49, was a seasoned cameraman who was well-liked by Gaza's close-knit community of reporters because of his upbeat demeanor in the most perilous circumstances. In the months before his death, he would say, "Tomorrow will be better," despite the fact that the Palestinian enclave was becoming increasingly desolate and hungry. That was the conclusion of his final discussion with Mohamed Salem, a senior Reuters visuals journalist who had collaborated with Masri in Rafah, in southern Gaza, last year and had known him since 2003. Salem, who left Gaza later in 2024 but stayed in daily contact with Masri until Monday morning, said he was a pleasure to work with because of his smiles and o...

According to Bloomberg News, Trump-affiliated World Liberty is proposing a $1.5 billion cryptocurrency vehicle.

The Trump family-backed business, World Liberty Financial, is seeking to join the growing number of digital asset treasury firms by establishing a public company to hold its WLFI tokens.

According to people familiar with the situation, who asked not to be named because the discussions are private, the deal's structure is still being finalized. They added that they anticipate raising about $1.5 billion. According to the people, the venture has been approached by high-profile investors in the technology and cryptocurrency sectors. It is reported that discussions are progressing quickly.

Currently offering USD1, a stablecoin backed by the US dollar, World Liberty, whose website lists President Donald Trump as "co-founder emeritus," announced plans for a crypto-lending app last year. Sales of its WLFI token, which was first intended to be a non-transferable governance token but will soon be tradable on the open market, have helped it raise funds.

Thanks to a supportive regulatory environment in the US, digital-asset treasury firms, which raise money to purchase cryptocurrencies, have revealed plans to raise an estimated $79 billion for Bitcoin purchases alone in 2025. The model is riskier for less-liquid tokens, according to market participants. In the past, reverse takeovers of listed shell companies have frequently been a part of transactions.

A bill governing US dollar-backed stablecoins was recently signed into law by President Trump, who has been promoting a crypto-friendly agenda. With plans for digital asset exchange-traded funds and a mining business, his family has been extending its influence throughout the sector.
A request for comment from a World Liberty representative was not answered.


SOURCE: NEWS AGENCIES

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