Developer Accuses Trump-Linked WLFI of Token Seizure
Bruno Skvorc, a developer affiliated with Polygon, publicly accused the World Liberty Financial (WLFI) project—associated with former US President Donald Trump—of withholding his tokens. According to Skvorc, WLFI’s compliance team flagged his wallet as “high risk” and refused to unlock his tokens, effectively freezing his funds. He described the situation as “the new age mafia,” highlighting the absence of recourse or legal avenues due to the project’s political connections.
Skvorc further stated that he is among six investors subjected to 100% token lockups from the outset. He clarified that the designation of “high risk” was applied only when attempting to withdraw the tokens, not when receiving investments.
Bitcoin Analyst Questions Year-End Price Peak Predictions
Bitcoin analyst PlanC challenged widespread speculation that Bitcoin will reach its cycle peak by the end of 2024. In a recent post on X, PlanC argued that such forecasts overlook fundamental statistical principles and probability theory.
PlanC compared the expectation to betting on a fourth consecutive coin flip landing tails after three tails in a row, emphasizing the insufficient data from only three previous halving cycles to reliably predict a price peak timeline.
US Regulators Propose 24/7 Capital Markets and Crypto Derivatives Oversight
The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) issued a joint statement signaling their interest in evolving US capital markets toward 24/7 trading. This move aims to accommodate the continuous nature of onchain finance and the global economy.
The regulators highlighted the importance of establishing clear regulatory frameworks for crypto derivatives, specifically event contracts and perpetual futures—derivatives without expiration dates. While recognizing that extended trading hours may not suit all asset classes equally, the agencies noted that expanding market hours could align US markets with international counterparts and enhance capital velocity.
However, they also acknowledged potential risks, such as increased exposure of overnight and long-term positions to global market participants, which could intensify volatility and trading risks.
FinOracleAI — Market View
The allegations against WLFI could undermine investor confidence in politically linked crypto projects, potentially deterring participation in similar ventures. Meanwhile, skepticism regarding Bitcoin’s imminent peak may temper speculative trading, reducing volatility in the short term. The regulators’ exploration of 24/7 markets suggests a significant structural shift that could enhance liquidity and trading efficiency but also introduce new operational risks.
Impact: neutral
