The Trump-backed DeFi project World Liberty Financial, built on Ethereum and Aave, plans to offer a non-transferable governance token. The project will operate as a lending platform and the team behind it is known to be linked to the previously hacked Dough Finance.
The US Securities and Exchange Commission (SEC) announced that it is suing crypto advisory firm Galois.
At the time of writing, Bitcoin (BTC) is trading at $56,305 and Ethereum (ETH) is trading at $2,363.
The fear and greed index is at the fear level with “34”.
Important developments for the day:
Polygon (MATIC): The transition from MATIC to POL will be realized.
EOS (EOS): Spring 1.0 and Savanna structures will be updated.
Flow (FLOW): Crescendo network will be updated.
