Ethereum-Based WLF Stablecoin Gains Momentum with Transparency Push and Product Launch

World Liberty Financial (WLF), a cryptocurrency firm backed by former President Donald Trump, is making significant strides with its USD1 stablecoin initiative. The company has announced plans to release its first reserve audit this month, followed by monthly attestations, aiming to enhance trust in its $2.2 billion market cap asset. The stablecoin, which operates on Ethereum, BNB Chain, and TRON, is part of a broader strategy to attract consumer adoption through transparency and innovation. This move comes as the cryptocurrency market continues to evolve, with stablecoins playing an increasingly pivotal role in bridging traditional finance and digital assets. WLF's commitment to regular audits and attestations underscores its dedication to maintaining credibility and stability in a volatile market. As of June 2025, the project is poised to set a new standard for transparency in the stablecoin space, potentially influencing broader adoption and integration within the Ethereum ecosystem and beyond.

Trump-Backed WLF Prepares USD1 Audit and Crypto App Launch

World Liberty Financial (WLF), a cryptocurrency firm endorsed by former President Donald Trump, is advancing its USD1 stablecoin initiative with a transparency push and consumer-focused product rollout. The company will release its first reserve audit this month, followed by monthly attestations—a move designed to bolster confidence in the $2.2 billion market cap asset.

The Ethereum, BNB Chain, and TRON-based stablecoin combines dollar deposits, Treasuries, and cash equivalents under BitGo's custody. WLF co-founder Zak Folkman confirmed the audit timeline during the Permissionless conference, emphasizing the firm's commitment to financial transparency as adoption grows.

Parallel to the audit, WLF is developing a mobile application targeting mainstream crypto users. The platform's WLFI governance token may soon become exchange-tradable, though it currently serves only as a voting mechanism for protocol upgrades.

Despite political scrutiny over Trump's financial ties to the project, USD1 has gained traction through high-profile deals including a $2 billion Binance investment by UAE's MGX and distribution to 85,000 wallets via a $4 million airdrop.

Ethereum Bulls Eye $2,800 Breakout After 15% Recovery Rally

Ethereum surged past key technical levels as geopolitical tensions eased, with ETH climbing over 15% from Sunday's $2,100 low to trade above $2,350. The second-largest cryptocurrency now tests resistance NEAR $2,550, with analysts watching for a potential breakout toward $2,800.

Market sentiment shifted following reports of reduced Middle East tensions, triggering broad crypto market recovery. ETH's move above both the 100-hour moving average and Fibonacci retracement level signals strengthening bullish momentum. Technical indicators including MACD and RSI now flash positive signals across hourly charts.

Traders anticipate increased volatility around the $2,500-$2,550 resistance zone. A decisive break could open path to test yearly highs, while failure may see retracement toward $2,200 support. The rally positions ETH as this cycle's altcoin leader, with institutional flows returning to ETH derivatives markets.

Ethereum Faces Potential 40% Correction as Investors Shift to Cloud Mining

Ethereum's two-week chart has formed its first "death cross" since the 2022 bear market, signaling potential downside risk. Technical analysts warn of a possible 40% plunge if historical patterns repeat. The bearish formation appears as ETH struggles to break through key moving averages, creating market uncertainty.

Amid the volatility, investors are increasingly turning to cloud mining platforms like UK-based GMO Miner. The platform reports some users generating up to $19,800 daily through contract combinations. Cloud mining's appeal lies in its price-agnostic returns - operations continue regardless of market direction, providing consistent daily payouts.

The shift reflects growing risk aversion as ethereum shows weakening technical structure. While traders typically watch moving averages for breakout opportunities, recent rejections at these levels have dampened sentiment. GMO Miner and similar platforms position themselves as hedges against directional market risk.

Trezor Partners with ETHCC 2025 to Showcase Hardware Wallet Innovations

Trezor, the prominent hardware wallet manufacturer, has secured an official partnership with the Ethereum Community Conference (ETHCC) 2025. The event, scheduled for June 30 to July 3 at Cannes' Palais des Festivals, represents a key gathering for Ethereum's developer and investor ecosystem.

The company will occupy Booth #7, featuring live device demonstrations and expert-led sessions on digital asset storage solutions. Trezor's marketing head Anusha Schindler highlights the conference as a strategic platform for direct community engagement and product showcasing.

Beyond technical displays, the partnership includes a creative raffle for Trezor's new SAFE 5 wallet and dedicated spaces for Web3 collaboration talks. The agenda emphasizes critical infrastructure discussions, particularly around asset backup methodologies in institutional contexts.