Today in crypto, Trump-linked World Liberty Financial is weighing a $1.5 billion Nasdaq-listed treasury company to hold WLFI tokens, a significant amount of Ether shorts got liquidated. Meanwhile, Ukraine’s parliament plans to conduct the first reading of a crypto regulation.
World Liberty Financial weighs $1.5B public company to hold WLFI tokens
World Liberty Financial, the Trump family-backed crypto venture, is exploring the creation of a publicly traded company to hold its WLFI tokens, with a fundraising target of roughly $1.5 billion.
The structure of the deal is still being finalized, but major investors in technology and crypto have been approached, and discussions are said to be progressing quickly, according to a Friday report from Bloomberg.
The move would place World Liberty among a growing wave of digital-asset treasury companies, which are publicly traded firms holding crypto reserves. These companies have raised an estimated $79 billion in 2025 for Bitcoin purchases alone, per the report.
World Liberty, whose website names Donald Trump as “co-founder emeritus,” launched last year with plans for a crypto-lending app and currently offers USD1, a dollar-backed stablecoin.
$105M Ether shorts got ‘smoked,’ Eric Trump throws shade at bears
Ether saw the largest short position wipeout of the day across all crypto assets on Friday as its price surpassed $4,000, with some analysts saying it could be setting the stage for a short squeeze.
The rally led to Eric Trump, son of US President Donald Trump, taking a jab at bearish traders.
“It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH – you will be run over,” Trump said in an X post on Friday.
On Friday, approximately $105 million in Ether short positions were liquidated, representing about 53% of the total $199.61 million in shorts liquidated from the entire crypto market, as Ether surpassed the $4,000 price level for the first time since December 2024, according to CoinGlass.
Ukraine to weigh bill regulating crypto market in late August
Ukraine’s parliament plans to conduct the initial reading of a crypto regulation bill by late August, according to government officials. The legislation, if approved, could establish a legal framework for digital assets aligned with European standards.
“The preparation of a draft law on taxation of transactions with virtual assets is currently in the final stage,” Danylo Hetmantsev, head of the parliamentary committee on finance, tax and customs policy, told Cointelegraph.
“It is estimated that its submission for the first reading in the Verkhovna Rada is scheduled for the end of August 2025.”
A key provision in the bill is the ability for individuals to come forward and legalize previously acquired digital assets. Under the regulation, holders seeking to legalize assets would pay a 5% personal income tax and 5% military duty, Hetmantsev reportedly said.
