温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/ur/56008.html
点击访问原文链接

Suits and Tattoos: Behind WLFI, Trump’s Son and the Crypto Punks’ BusinessRecommended Articles | Bee Network

进入原网站 导航首页
Suits and Tattoos: Behind WLFI, Trump’s Son and the Crypto Punks’ BusinessRecommended Articles | Bee Network Login ٹرینڈنگ نیوز میمی لانچ پیڈ اے آئی ایجنٹس DeSci TopChainExplorer نیوبی کے لیے 100x سکے مکھی کا کھیل ضروری ویب سائٹس اے پی پی کا ہونا ضروری ہے۔ کرپٹو مشہور شخصیات DePIN Rookies ضروری ٹریپ ڈیٹیکٹر بنیادی ٹولز اعلی درجے کی ویب سائٹس تبادلہ NFT ٹولز ہیلو، باہر جائیں ویب 3 کائنات کھیل ڈی اے پی پی شہد کی مکھیوں کا چھتا بڑھتا ہوا پلیٹ فارم AD تلاش کریں۔ انگریزی سکے ریچارج کریں۔ لاگ ان کریں ڈاؤن لوڈ کریں ویب 3 یونی کھیل ڈی اے پی پی شہد کی مکھیوں کا چھتا AD گھر•تجزیہ•مرکزی متن Suits and Tattoos: Behind WLFI, Trump’s Son and the Crypto Punks’ BusinessRecommended Articlesتجزیہ6 ماہ پہلے更新وائٹ 24,422 15 اصل ترجمہ: Luffy، Foresight News

It was a sweltering mid-August in New York City when Eric Trump and Donald Trump Jr. pushed open the door to a Trump Organization boardroom. The two sons of President Donald Trump sat around a sleek black stone table on the 25th floor of Trump Tower. Between them sat Zach Witkoff, son of real estate magnate Steve Witkoff, who is now Trump’s special envoy to the Middle East.

They had gathered for a rare media interview. Along with other advisors and executives, the trio wanted to promote World Liberty Financial, the core company of the Trump family’s lucrative کرپٹو business, and its latest $1.5 billion deal. But the meeting began with some banter.

“He was someone I looked up to,” Zach said of the 47th president of the United States. “I named my oldest son ‘Don’ in his memory.”

Donald Jr. responded with mock indignation, “Wait, I thought it was…” He trailed off, implying that he had assumed Zach was named after him, not his father.

The jokes continued, with Chase Herro, co-founder of the Trump family’s crypto business, saying with mock sympathy, “It’s so sad that we only found out about this on the set of the interview.”

From left to right: Donald Trump Jr., Zach Witkoff, Eric Trump, Zach Folkman

Jokes aside, the Trump brothers, Zack and Herro, and their business partner, Zach Folkman, hold a significant position as leaders of the Trump family’s cryptocurrency think tank. Their mission is to build World Liberty Financial, founded in October 2024, into a crypto giant—despite numerous glaring conflicts of interest.

Currently, World Liberty Financial has three core businesses: USD 1, a stablecoin pegged to the US dollar; the WLFI cryptocurrency; and a publicly listed company that holds WLFI. WLFI buyers can participate in future product development decisions. The publicly listed company, established through a partnership with an established biotech company, primarily aims to provide traditional investors who don’t use cryptocurrency exchanges with a way to invest in WLFI through stock purchases.

The entire enterprise is a whimsical mashup of tokens and financial alchemy. In March, World Liberty Financial announced it had raised $550 million through a direct sale of WLFI tokens. Its USD 1 stablecoin has a market capitalization of $2.2 billion, with the Trump family business earning interest. Furthermore, the partnership with the established biotech company has allowed investors to raise an additional $1.5 billion to purchase WLFI tokens, valuing the total token supply at $20 billion at this price.

Eric and Donald Jr. detailed these plans in a spacious 25th-floor conference room overlooking Central Park. It was clear they were thoroughly versed in cryptocurrency, chatting effortlessly about Bitcoin, Ethereum, and payment rails. But even more striking was the fact that Eric and Donald Jr., both dressed in elegant attire, were surrounded by a group of heavily tattooed crypto natives.

Eric, Donald Jr., and Zuckerberg all wore suits and blue ties. Crypto co-founder Herro, meanwhile, wore a light beige T-shirt and olive-green jeans. He sported a tattoo of what looked like a Greek statue on his right bicep, along with numerous other tattoos. Folkman wore a black long-sleeved shirt and sharp sweatpants. He also had a butterfly tattoo on his left hand, among other tattoos. It seemed World Liberty Financial had two “uniforms”: business formal and crypto casual.

The details of the Trumps’ collaboration with this group of crypto veterans remain murky, but the story begins on a golf course.

About two years ago, in the summer of 2023, Herro, a longtime cryptocurrency entrepreneur and self-proclaimed “badass on the internet,” received an invitation to Shell Bay Club, a private golf club owned by the Witkoff family, outside Miami. Herro wouldn’t say who invited him, only that it was “a great young man” who was a friend of Donald Jr.

Herro, sporting a full body of tattoos, was standing on the grass when Zach happened to drive by. “He could tell I was a little out of place,” Herro said. “And he said, ‘Come on, get in a car with me,’ and we just started chatting in the golf cart.”

This chance encounter led to a business partnership. The Witkoffs introduced Herro and his longtime business partner, Zach Folkman (who previously ran a company called Date Hotter Girls), to the Trumps. The two families then joined forces with Herro and Folkman, announcing the partnership during a September livestream, where the host referred to them as “cypherpunks.”

Zach Folkman (left) shows off his World Liberty Financial tattoo, alongside Chase Herro (right).

During the same live broadcast, Zach’s father, Steve Witkoff, tried to reassure the audience, urging them not to judge a book by its cover.

“They looked different from us, they dressed different from us,” he said. “I’ve met traders all over the world, and these two guys are as smart as any currency traders I’ve ever met.”

However, the discomfort caused by the contrast in dress style between the Trump circle and the “cryptopunks” has long since dissipated amid the booming new business. Trump and the Vitkov family boasted that their stablecoin, USD 1, was “the fastest-growing stablecoin in history.” This may be true, but over 90% of the stablecoin’s market capitalization comes from a massive transaction with Binance, the world’s largest cryptocurrency exchange. In this transaction, Binance received $2 billion in USD 1 from an Abu Dhabi venture capital firm. Zuck announced the deal on May 1st, and Binance has not yet converted the USD 1 into US dollars, which means that World Liberty Financial can still earn interest on this money.

Now, the Trump family crypto company, which has 20 to 30 employees, is planning to launch a crypto lending protocol and decentralized finance (DeFi) applications. Folkman did not disclose the launch timeline for these products.

The influx of funds and the emergence of Trump-branded crypto products have raised alarms among ethics experts. They believe World Liberty Financial provides those seeking to curry favor with the president with a direct channel for “paying” money to his family. When previously asked about the ethical dilemma, Eric Trump dismissed it: “I keep it separate,” he said, referring to his business relationships and his relationship with his father. “But I think he would be proud of what we’re doing.”

Zach, Herro, and Folkman were also proud of their crypto company. Herro had the World Liberty Financial logo—a geometric eagle—tattooed on the back of his neck; Folkman had a similar tattoo on his left forearm; Zach admitted to having one too. Matt Morgan, an advisor to the Trump family on crypto projects who was also in the meeting room, said the tattoo apparently originated from a night out.

When asked about the tattoo’s location, Zach was vague. “Maybe he got it on his lower back!” Folkman quipped.

یہ مضمون انٹرنیٹ سے لیا گیا ہے: Suits and Tattoos: Behind WLFI, Trump’s Son and the Crypto Punks’ BusinessRecommended Articles

Related: Ethena Launches USDe and sUSDe Revolving Loan Incentives; Falcon Finance Adds 60x Points Acceleration Channel (August 4t Author｜Azuma ( @azuma_eth ) This column aims to cover the current low-risk return strategies based on stablecoins (and their derivative tokens) in the market (Odaily Note: code risks can never be ruled out), to help users who hope to gradually expand their capital scale through U-based financial management to find more ideal interest-earning opportunities. Previous records Lazy Man’s Financial Management Guide | Sonic Season 2 ایئر ڈراپ Launches; Hyperliquid Ecosystem “Seed” Project Mining Starts (June 18) ; Lazy Money Management Guide | Deposit USDC and Earn 17%+ Returns; Don’t Miss the Syrup USDC Limited Incentive Pool (June 24th) ; Lazy Man’s Financial Management Guide | Spark Farm launches SPK incentives; Gauntlet launches USD Alpha strategy (July 1) ; Lazy Man’s Financial Management Guide | Upshift announces first “Accelerator Mission”; Perena Vault…

# تجزیہ# بٹ کوائن# کرپٹو# defi# ایتھریم# ایکسچینج# مارکیٹ# ٹوکن© 版权声明صف 上一篇 Seeing Through the "Hidden Logic" of the Prediction Market: 11 Arbitrage Strategies ExplainedRecommended Articles 下一篇 BitMart Weekly Market Report (August 18-24)Recommended Articles 相关文章 Weekly Editor’s Picks (1004-1010) 6086cf14eb90bc67ca4fc62b 18,765 Matrixport Research: 2026 May Become the Year of High Volatility Pricing, Event Windows Determine Outcomes 6086cf14eb90bc67ca4fc62b 11,528 24-Hour Hot Coins and News | Trump Removes Fed Governor Cook; Bio Launchpad’s First Project, Aubrai, Launches (0826)Reco 6086cf14eb90bc67ca4fc62b 22,010 2 How far are we from a world where everyone can buy U.S. stocks and there are no financial entry barriers? 6086cf14eb90bc67ca4fc62b 26,823 2 One-week token unlocking: Two major ZK-based Layer 2s unlocked approximately 3% of tokensRecommended Articles 6086cf14eb90bc67ca4fc62b 27,022 1 From hype to practicality: A review of x402’s “pragmatic” projects. 6086cf14eb90bc67ca4fc62b 19,483 کوئی تبصرہ نہیں آپ کو ایک تبصرہ چھوڑنے کے لیے لاگ ان ہونا چاہیے! فوری طور پر لاگ ان کریں۔ کوئی تبصرہ نہیں... Bee.com دنیا کا سب سے بڑا Web3 پورٹل شراکت دار سکے کارپ بائننس CoinMarketCap سکے گیکو سکے لائیو آرمر Bee Network APP ڈاؤن لوڈ کریں اور web3 کا سفر شروع کریں۔ سفید کاغذ کردار عمومی سوالات © 2021–2026۔ جملہ حقوق محفوظ ہیں۔. رازداری کی پالیسی | سروس کی شرائط Bee Network APP ڈاؤن لوڈ کریں۔ اور ویب 3 کا سفر شروع کریں۔ دنیا کا سب سے بڑا Web3 پورٹل شراکت دار CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors سفید کاغذ کردار عمومی سوالات © 2021–2026۔ جملہ حقوق محفوظ ہیں۔. رازداری کی پالیسی | سروس کی شرائط تلاش کریں۔ تلاش کریں۔InSiteآنچینسماجیخبریں 热门推荐: ایئر ڈراپ ہنٹرز ڈیٹا تجزیہ کرپٹو مشہور شخصیات ٹریپ ڈیٹیکٹر اردو English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी Русский اردو

智能索引记录