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Trump-Linked WLFI Drains Its Own Pool: The Risk Debate Continues

<p class="text-left mb-4 ">World Liberty Financial (<a href="https://jrkripto.com/tr/coin/wlfi" target="_blank" rel="noreferrer" class="text-primary underline">WLFI</a>), a decentralized finance (DeFi) project linked to the Trump family, has issued a strong response to recent criticism regarding increased liquidation and "bad debt" risks in the market. The project team characterized claims that their high borrowing position on the Dolomite protocol is risky as "FUD" (fear, uncertainty, and doubt), defending the sustainability of the current structure. In a statement, WLFI emphasized that the platform is "never close" to liquidation risk. The team stated that they could provide additional collateral even if market conditions were to turn against them. Project officials noted that this approach is a common mechanism in DeFi protocols and that this is how the system works.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-04-10-162817-c438c9cf.webp" alt="Ekran görüntüsü 2026-04-10 162817.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">However, on-chain data points to a more complex picture. According to the blockchain analytics platform Arkham, WLFI borrowed approximately $75 million worth of stablecoins on Dolomite, using around 5 billion WLFI tokens as collateral. It was noteworthy that a significant portion of this debt, approximately $40 million, was transferred to Coinbase Prime wallets. This move led to speculation that the funds may have been used for fiat conversion or over-the-counter (OTC) transactions.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Concentration risk discussed in the protocol</h2><p class="text-left mb-4 ">WLFI's position on Dolomite is in the spotlight not only because of the size of its debt but also because of its weight within the protocol. According to data, WLFI represents approximately 55% of the total value locked (TVL) on the platform. In addition, the usage rate in the USD1 pool exceeding 93% indicates a liquidity crunch that could make it difficult for other users to withdraw their funds.</p><p class="text-left mb-4 ">Some DeFi researchers and analysts argue that such a concentration could pose a systemic risk. In particular, it is stated that a sharp drop in the price of the WLFI token could make it difficult to liquidate the collateral, leading to significant losses for lending users. Using a low-liquidity asset as collateral on this scale is cited as a factor that could further increase the risk.</p><p class="text-left mb-4 ">WLFI, however, offers a different perspective against these criticisms. The project states that it positions itself as an "anchor borrower," meaning the main borrower in the protocol, thereby generating higher returns for other users. The team argues that this model strengthens the Dolomite ecosystem.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Token buybacks and new plans on the agenda</h2><p class="text-left mb-4 ">According to data shared by the project, WLFI has repurchased 435.3 million tokens in the last six months at an average price of $0.1507. The total value of these transactions is approximately $65.58 million. It was also announced that the annualized revenue of the USD1 stablecoin has reached $159.5 million. On the other hand, WLFI is preparing to introduce a governance proposal next week that will be of great interest to early-stage investors. </p><p class="text-left mb-4 ">This proposal is expected to involve a vote on a plan to gradually unlock WLFI tokens, which are currently largely locked. The project states that not all tokens will be released at once, but instead a long-term, phased vesting model will be implemented. According to Tokenomist data, only 24.67% of the total 100 billion supply is in circulation. The remaining 75% consists of tokens that are locked or planned to be unlocked in the future. This situation has created dissatisfaction among early investors regarding access to liquidity. It has even been suggested that some investors are considering legal action.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-04-10-162940-9f020f47.webp" alt="Ekran görüntüsü 2026-04-10 162940.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p>

10 Apr 2026

Critical US Inflation Data Released: Bitcoin Holds Sturdy Above $72,000

<p class="text-left mb-4 ">US inflation data for March has been released, and market attention has once again turned to the trajectory of price pressures. The figures reveal that headline inflation was driven upwards, particularly by sharp increases in energy prices, while core indicators showed a relatively more balanced picture.</p><p class="text-left mb-4 ">The Consumer Price Index (CPI) increased by 0.9 percent on a monthly basis in March. This increase was 0.3 percent in the previous month. Annual inflation rose to 3.3 percent, indicating a significant acceleration compared to the 2.4 percent level in February. Nevertheless, the data was slightly below market expectations. Expectations were around 3.4 percent on an annual basis.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Core inflation remained limited while energy prices rose</h2><p class="text-left mb-4 ">Looking at the details of the data, it is seen that the main driver of price increases was the energy item. Energy prices rose by 10.9 percent on a monthly basis, with the increase in gasoline prices exceeding 21 percent being particularly noteworthy. This shows that geopolitical tensions and supply-side uncertainties are directly reflected in consumer prices. In contrast, core inflation, excluding volatile items such as food and energy, showed a more limited increase. Core CPI rose 0.2 percent monthly in March, reaching 2.6 percent year-on-year. These figures were both below expectations and indicated that price pressures remain under control in the underlying trend. This divergence is considered a critical signal for the Federal Reserve's (Fed) policy decisions. While the rise in headline inflation could weaken expectations of interest rate cuts in the short term, the moderate trend in core inflation shows that the effects of tight monetary policy continue. Therefore, the Fed is expected to maintain its data-driven approach in the coming period and closely monitor volatility, especially in energy prices. The initial market reaction was cautious. While the data being slightly below expectations did not completely suppress risk appetite, the signal of renewed acceleration in inflation led investors to take a more balanced position. Limited movements were seen in bond yields, while the dollar index also showed a flat trend after the data. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What's the latest on Bitcoin?</h2><p class="text-left mb-4 ">The cryptocurrency market experienced volatile movements around the time the data was released. Although <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>experienced short-term volatility after the announcement, it maintained its upward trend throughout the day. According to the data shown in the image, the leading cryptocurrency traded around $72,200, gaining approximately 1.39% in the last 24 hours. While the price approached $72,800 during the day, it retreated slightly due to profit-taking after the data release, but remained strong overall.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-04-10-16-10-13-43fbd740.webp" alt="BTCUSDT_2026-04-10_16-10-13.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p>

10 Apr 2026

HSBC and Standard Chartered were Granted the First Stablecoin Licenses from Hong Kong

<p class="text-left mb-4 ">Hong Kong has taken a long-awaited and significant step in its cryptocurrency ecosystem. The Monetary Authority of Hong Kong (HKMA), the region's financial regulator, has officially granted its first stablecoin issuance licenses. According to the <a href="https://www.hkma.gov.hk/eng/news-and-media/press-releases/2026/04/20260410-4/" target="_blank" rel="noreferrer" class="text-primary underline">announcement</a>, the first two institutions to receive licenses are HSBC and Anchorpoint Financial. It's noteworthy that Anchorpoint Financial is a venture formed through a partnership between Standard Chartered, Animoca Brands, and Hong Kong Telecommunications. The market had actually expected these licenses to be issued in the first quarter of the year. However, the HKMA chose to extend the process to allow for more detailed review of the applications. Additional clarity was requested on critical issues such as the transparency of reserve assets, anti-money laundering mechanisms, redemption processes, and how the system would function under stress scenarios. This led to the delay.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-04-10-150237-5752427a.webp" alt="Ekran görüntüsü 2026-04-10 150237.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Following all these evaluations, as of April 10th, HSBC and Anchorpoint Financial were added to the list of licensed issuers under the Stablecoin Regulations. Thus, the regulated stablecoin era officially began in Hong Kong.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">A new era for crypto assets</h2><p class="text-left mb-4 ">HKMA Chairman Eddie Yue emphasized in his statement that this development is a significant milestone for Hong Kong. Yue stated that the regulatory framework created will both encourage the use of innovative technologies and ensure user protection. He also pointed out that establishing a robust structure in terms of risk management will contribute to a sustainable stablecoin ecosystem in the long term.</p><p class="text-left mb-4 ">The licensed institutions are expected to complete the necessary technical and operational preparations in the coming months and begin their operations. During this process, companies will prioritize acting in full compliance with regulations and managing risks in a controlled manner. HKMA believes that this new era can eliminate some inefficiencies in financial transactions and create new areas of value for both individuals and institutions.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">36 applications, second wave on the way</h2><p class="text-left mb-4 ">According to data previously shared by HKMA, a total of 36 applications have been received under the stablecoin licensing framework. This framework came into effect in August 2025 and mandated licensing for all companies wishing to issue <a href="https://jrkripto.com/tr/category/stablecoins" target="_blank" rel="noreferrer" class="text-primary underline">stablecoins</a> in Hong Kong. It was noteworthy that institutions with the authority to print banknotes in the city were prioritized in the granting of the first licenses. Established financial institutions like HSBC and Standard Chartered are therefore seen as prominent. On the other hand, it is stated that a second wave of applications is on the way. According to industry sources, companies such as Futu Securities and OSL Group are among the strong candidates that may receive licenses in the coming period.</p><p class="text-left mb-4 min-h-[1.5em]"></p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The goal of becoming a crypto hub is strengthening</h2><p class="text-left mb-4 ">With the strategy it announced in 2022, the Hong Kong administration adopted a more open and regulated approach to the crypto sector. Within this scope, a licensing system for crypto exchanges was implemented, followed by special regulations for stablecoins. In addition, the stablecoin sandbox program, launched in 2024, allowed companies to test their products under regulatory supervision. This program contributed to both the development of technical infrastructure and the shaping of healthier regulations.</p>

10 Apr 2026

Japan Takes a Step Towards Crypto: 'Financial Product' Classification Approved

<p class="text-left mb-4 ">Japan is on the verge of a significant shift in its regulatory approach to the cryptocurrency market. At a cabinet meeting on Friday, the government <a href="https://www.nikkei.com/article/DGXZQOUB101480Q6A410C2000000/" target="_blank" rel="noreferrer" class="text-primary underline">approved</a> a bill classifying crypto assets as financial products. If final approval passes through parliament, the regulation is expected to come into effect by fiscal year 2027.</p><p class="text-left mb-4 ">Currently, crypto assets in Japan are considered under the Payment Services Act and are largely treated as a payment method. However, with the new regulation, these assets will be included under the Financial Instruments and Exchange Act. Increased institutional interest and investment volume are among the key motivations behind this transformation. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Tighter oversight of crypto is coming</h2><p class="text-left mb-4 ">The new bill aims to strengthen investor protection and increase market transparency. In this context, insider trading will be explicitly prohibited. The goal is to prevent trading based on information not yet publicly available, and serious penalties will be imposed for such violations. Furthermore, crypto asset issuers will be required to disclose certain information to the public annually. This step aims to reduce information asymmetry in the market and enable investors to make healthier decisions.</p><p class="text-left mb-4 ">Another notable aspect of the regulation is the increase in penalties. The maximum prison sentence for unregistered crypto platforms is being increased from three to ten years, while fines are also being significantly raised. In this context, the upper limit is planned to be increased from 3 million yen to 10 million yen. Authorities believe this tightening will increase market discipline and prevent unlicensed activities. Finance Minister Satsuki Katayama stated after a cabinet meeting that growth capital will be expanded to adapt to changes in financial and capital markets, while also ensuring market fairness and transparency.</p><p class="text-left mb-4 ">On the other hand, Japan is also working on a broader set of policies supporting cryptocurrency. The fact that the tax rate applied to crypto income in the country can reach up to 55% has long been criticized. It is reported that the government is considering lowering this rate to 20%. In addition, the Japanese financial regulator's plans to consider crypto assets within the scope of exchange-traded funds (ETFs) are also noteworthy. This plan, which came to light in January, aims to recognize crypto assets as underlying assets for ETFs and launch these products by 2028. As is known, <a href="https://jrkripto.com/tr/bitcoin-etfs" target="_blank" rel="noreferrer" class="text-primary underline">ETFs </a>(exchange-traded funds) offer investors the opportunity to invest in crypto assets through exchange-traded funds without directly owning them. Large financial institutions such as Nomura and SBI are expected to take a leading role in this area.</p>

10 Apr 2026

US Treasury Secretary Puts Pressure on Congress Regarding Cryptocurrencies

<p class="text-left mb-4 ">U.S. Treasury Secretary Scott Bessent has strongly urged Congress to quickly clarify regulations regarding the cryptocurrency market. Bessent warned that the U.S. could lose its leadership in the digital asset space if the long-awaited Clarity Act is not passed without delay.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Time is running out for crypto regulation</h2><p class="text-left mb-4 ">In recent statements, Bessent has framed the issue not only as a financial matter but also as a national priority, stating that economic security is directly linked to the position within the digital asset ecosystem. Saying "It's time to act now," Bessent stated that despite the busy Senate agenda, this regulation should not be delayed.</p><p class="text-left mb-4 ">The Clarity Act aims to more clearly define the legal status of crypto assets and create a comprehensive framework for market structure. If the bill is passed, critical issues such as which digital assets will be considered securities will be clarified. It also plans to create a more transparent registration and oversight process for trading platforms.</p><p class="text-left mb-4 ">However, the bill has been pending in the Senate for over 260 days. The political agenda is becoming even more intense due to the upcoming midterm elections, suggesting that the process may be prolonged further. This situation is causing concern among both industry representatives and policymakers.</p><p class="text-left mb-4 ">Another important issue highlighted by Bessent is that the uncertain regulatory environment in the US is driving companies abroad. Centers such as Singapore and Abu Dhabi, in particular, have become attractive for crypto startups because they offer clearer and more predictable rules. This trend is seen as a risk that could weaken the US's innovation power.</p><p class="text-left mb-4 ">On the other hand, one of the issues at the center of the discussions is <a href="https://jrkripto.com/tr/category/stablecoins" target="_blank" rel="noreferrer" class="text-primary underline">stablecoin </a>yields. Banking sector representatives argue that interest-like yields offered through stablecoins could lead to deposit outflows. However, a recent economic analysis published by the White House indicates that these concerns may be exaggerated.</p><p class="text-left mb-4 ">According to the report, banning stablecoin yields would only provide a limited contribution to the banking system. It is calculated that such a ban could only increase the volume of credit by 0.02 percent. This corresponds to an effect of approximately $2.1 billion. Furthermore, the fact that much of this limited impact is directed towards large banks suggests that it may not create a significant benefit for small and local financial institutions.</p><p class="text-left mb-4 ">These findings reveal that strict restrictions on stablecoins may not have the expected positive impact on the market. It is also considered that eliminating competitive return opportunities could create disadvantages for users.</p><p class="text-left mb-4 ">The rapid increase in crypto ownership in the US also makes the need for regulation more urgent. According to data, one in six Americans already owns digital assets. In addition, the fact that large financial institutions have started offering crypto-focused products and the widespread use of blockchain infrastructure in payment, consensus, and tokenization areas is accelerating the integration of the sector with mainstream finance.</p><p class="text-left mb-4 ">In light of all these developments, Bessent emphasizes that time is running out. Stating that the US could fall behind in global competition as long as regulatory uncertainty continues, the Treasury Secretary says that Congress needs to act quickly. Otherwise, he warns that the opportunity to have a say in the future of digital finance could shift to other countries. The Clarity Act, which has bipartisan support in Congress, is expected to be brought up again in the coming period.</p>

9 Apr 2026

Altcoin

Trump-Linked WLFI Drains Its Own Pool: The Risk Debate Continuesabout 6 hours ago

Politics, BTC

Critical US Inflation Data Released: Bitcoin Holds Sturdy Above $72,000about 6 hours ago

Altcoin

HSBC and Standard Chartered were Granted the First Stablecoin Licenses from Hong Kongabout 7 hours ago

Regulation

Japan Takes a Step Towards Crypto: 'Financial Product' Classification Approvedabout 10 hours ago

Regulation

US Treasury Secretary Puts Pressure on Congress Regarding Cryptocurrencies1 day ago

Altcoin

Trump-Linked WLFI Drains Its Own Pool: The Risk Debate Continuesabout 6 hours ago

Politics, BTC

Critical US Inflation Data Released: Bitcoin Holds Sturdy Above $72,000about 6 hours ago

Altcoin

HSBC and Standard Chartered were Granted the First Stablecoin Licenses from Hong Kongabout 7 hours ago

Regulation

Japan Takes a Step Towards Crypto: 'Financial Product' Classification Approvedabout 10 hours ago

Regulation

US Treasury Secretary Puts Pressure on Congress Regarding Cryptocurrencies1 day ago

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