Tron (TRX) Ecosystem Expands as Trump-Backed WLFI Token Gains Spot Trading Approval
In a significant development for the decentralized finance (DeFi) space, World Liberty Financial's WLFI token—endorsed by former U.S. President Donald Trump—has been approved for spot trading following a near-unanimous community vote. Over 99% of participants supported the proposal, which was introduced on July 9, 2025. The WLFI token, designed to emulate AAVE's crypto lending functionality, is poised for a full launch 'soon,' according to the project team. This milestone highlights growing institutional and political interest in blockchain-based financial solutions and could signal further integration with major ecosystems like Tron (TRX). The approval underscores the accelerating convergence of traditional finance and decentralized technologies, with Trump's backing adding unique legitimacy to the project. As the crypto market evolves, such high-profile endorsements may catalyze broader adoption of DeFi platforms and their native assets.
Trump-Backed World Liberty Financial's WLFI Token Approved for Spot Trading
World Liberty Financial, a DeFi project endorsed by former President Donald Trump, has unanimously approved the spot trading of its native cryptocurrency, WLFI. The decision, supported by over 99% of voters, follows a proposal floated on July 9. The team described the outcome as 'overwhelming' and confirmed a full launch WOULD occur 'soon.'
The WLFI token, which mimics AAVE's functionality for crypto lending and borrowing, raised $715 million in funding backed by DWF Labs, Aqua, and TRON. Justin Sun, TRON's founder and a vocal Trump supporter, invested $52.5 million in the project. The token's initial public sale in October 2024 sold 20 billion WLFI at $0.015 each, valuing the project at $1.5 billion fully diluted.
Polymarket bettors anticipate a +700% rally from the ICO price. World Liberty Financial has already launched products like the USD1 stablecoin and the memecoin launchpad 1776.Meme, alongside strategic partnerships in the crypto space.
Trump Admin Weighs Crypto in Retirement Portfolios: Report
The TRUMP administration is preparing to revolutionize the $9 trillion US retirement market by allowing 401(k) plans to include cryptocurrencies, gold, and private equity. An executive order, expected as early as this week, would direct regulatory agencies to remove barriers preventing retirement funds from diversifying beyond traditional stocks and bonds.
This MOVE could redefine how millions of Americans invest their savings, offering exposure to digital assets, precious metals, corporate debt, and infrastructure funds. The shift marks a pivotal moment in US retirement policy, aligning with broader trends toward alternative investments.
Currently, 401(k) plans are largely limited to conventional stock and bond mutual funds. The proposed changes reflect growing institutional acceptance of cryptocurrencies and other non-traditional asset classes.
Canary Capital Files First Staked INJ ETF, Driving Token to Monthly Highs
Injective's native token INJ surged over 8% following Canary Capital's filing for a staked ETF with the SEC. The proposed Canary Staked INJ ETF would track the token's price while distributing staking rewards to shareholders—offering exposure without direct asset ownership.
Daily trading volume exceeded $209 million as the news broke, with INJ reaching $14.40 before slight retracement. The filing follows Delaware trust registration and joins pending ETF applications for XRP, TRON, and other altcoins.
Canary Capital cites growing institutional and retail demand for regulated staking products. The structure eliminates traditional wallet management hurdles by automating reward distribution through the ETF wrapper.